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Started: GrumpusLOL, 7 Apr 2024 13:52
Last post: GrumpusLOL, 7 Apr 2024 13:52
I suspect this is market speak for gone bust.
Started: shatter, 14 Mar 2024 22:26
Last post: shatter, 14 Mar 2024 22:26
“MXC is a prominent European pharmaceutical company……” nearly fell of my seat.
Started: GrumpusLOL, 26 Feb 2024 08:40
Last post: jacksonsmith, 5 Mar 2024 05:18
This share is currently losing me 99,5% value wise and has been consolidated to almost nothing.
The Boards greatest concern is the name of the company?
And how much is to be squandered on this completely unnecessary venture?
My votes are in. Against on every proposal. Including the allocation of bonus, but worthless shares.
Winding the company up will be less painful than going down this rabbit hole.
Started: Boyobach, 20 Feb 2024 10:48
Last post: Boyobach, 23 Feb 2024 12:03
As shopfronts go, Darth, it's not very well lit.
From latest GM Documents: 'The Board proposes this change of name [to Argent Biopharma] on the basis that it believes the proposed name more accurately reflects the future operations of the Company.'
The term Biopharma might be slightly more precise. However, the name Argent provides a very useful separation from the somewhat obscure MGC and its dismal performance since it was listed in the UK. Could that be a more likely reason for the name change?
Meanwhile, looking at the Malta premises on Google (it's marked in the Hal Far Industrial Estate, Birżebbuġa) I expected to see a large glasshouse on the roof (as per drawings in the Edison Report dated 10/7/2019 on the MGC website) but the satellite image appears to pre-date the installation. The site has a five star rating on Google by a chap who gives no reason, no photo and possibly clicked on it by mistake whilst adding other places in the area. You'd think this stunning facility, funded by shareholders, would be a star feature on the MGC website wouldn't you?
So many questions....
Lol mgc has to be a shop front for something else :).
Ha! No kidding Darth?
But this is a prominent European pharmaceutical company isn't it?
The website contains very pretty family snaps but surprisingly does not include any of the 'new, large scale production facilities' in Malta or give contact details for sales, enquiries or its corporate HQ , which it says is in the UK - but isn't it in Australia (very prominent on the map) ?.
How many employees are there and what key research, sales and production activities are being undertaken?
After all, according to the website, MGC Pharma has built strong relationships to produce the most rigorous research and develop a high-quality clinical pipeline with the most qualified, passionate experts in the pharmaceutical industry....
Lots of superlatives but no names, quotes or details.
It's hard to believe it exists based on the lack of substance there. Speaking of which, I must have another drag.
Kalhussain: I guess a proposed name change is not significant enough to notify shareholders by RNS .
It's dead jim...
Have a read at this it tells you about the name change, and lots of other info.
https://www.investi.com.au/api/announcements/mxc/26603a17-de0.pdf
Started: Troajan, 13 Nov 2023 15:04
Last post: mornington-oz, 14 Feb 2024 08:47
Agree slaphead, made my biggest ever loss on this pile of absolute 💩💩💩💩
Then they will announce another x thousand consolidation!! They wouldn't allow me to say thousand in numbers
Only another 17p in "new money" to go to zero. Shorters paradise. In "old money" it is at 0.000000016 :)
Won't be long before they switch the light off and close their doors. Bod all con artists and jokers. They should all be put in jail.
What a complete and utter dog this turned out to be, Jesus.
Who cares?
Last post: Mister.E, 22 Dec 2023 09:20
And at Graft Polymer another of their companies:
https://www.lse.co.uk/rns/GPL/placing-of-new-ordinary-shares-vw04awybxzd9j89.html
Started: DarthInvester, 19 Dec 2023 23:13
Last post: jacksonsmith, 21 Dec 2023 03:21
Wild, not. Another country approval, likw the US as Roby referenced hasnt saved this wannabe covid blovkbuster treatment and much wow sales lol. Zzzzzzzzz
Started: daneth, 30 Nov 2023 13:17
Last post: daneth, 30 Nov 2023 13:17
I see Spreadex are buying in John Story. Likes to play both sides get companies to sell him huge amount of stock for nothing rides it up then shorts it. so bent. He did it with Chill
Last post: DarthInvester, 10 Nov 2023 16:08
Thought my 50 quid per share has bad. Ooooof.yeah last 2 years of hope in their cannapils and so called covid treatments and all for nothing, wiped out like we dont mean nothing. Just those who bank rolled them. Shame, such is that of a scammer. We got scammed and rugpulled. Oh hey, hello new investors,enjoy our would be gains on ur lambo
Average price per share for me is now £110.8000
Cant see that happening ever 😆
Started: Mandown, 9 Nov 2023 21:31
Last post: hOldFoRtHeSeNuTs, 10 Nov 2023 10:55
Maybe we should?
After reducing shares 31million be added again soon surprised no one taking action against Mgc
Hd
Started: shatter, 9 Nov 2023 08:25
Last post: shatter, 9 Nov 2023 08:25
Less than 1000 shares and yer gone….nice doing business.
Started: stew200, 7 Nov 2023 21:56
Last post: hOldFoRtHeSeNuTs, 8 Nov 2023 23:25
Stay completely away from this stock too many red flags. If u rlly wanna make money then do the opposite of what stew said (short it)
I can't see this being much higher unless some news comes because the number of unlisted share options given to the new investers is massive, 15mil (cf 35mil in total), which puts some limit on the growth potential as options are dumped from 27p upwards. You got to love the comment from RZ: These individuals [new investors] fully understand the Company's long-term potential and are committed to supporting its operations, execution of the business plan to maximise the MGC Pharma enterprise value and shareholder returns.' Clearly we existing shareholders must have forgot? Btw This should not be allowed to happen imho. Let' see if it can hold above the options price- that will tell us if the new investor are 'committed'.
Day light robbery.. the only way you could now make money on this one is by shorting it.
Noobinvestor really. You think this will do x10 here most of us are 99% down our investment has gone. Original investors totally stitched up here and now they've gone to find new lifestyle funds. Gl
Check the post below. Lol. Peoples be buying in hope of making a buck.
Started: Niaz, 7 Nov 2023 15:08
Last post: Niaz, 7 Nov 2023 15:08
I feel for everyone here, I saw this coming, I had been bitten like this a decade ago, by a pharma company, felt I had to leave with a loss and I did, live and learn. Don’t make the same mistake twice. Good luck in the future people
Down 50k and feeling the pain. You live and learn. CEO raised far too little on listing and is hopelessly out of his depth. Only way we recoup is if Cimetra cures sepsis and I never hear that mentioned.
i'm on freetrade had 85000 average at just under 2p was 96% down before this bull**** .. just took the lot -100 % after the consolidation wtf
i'm on freetrade had 85000 average at just under 2p was 96% down before this bull**** .. just took the lot -100 % after the consolidation wtf
Ask your broker that one.
i can't make head nor tail of what's happened here, other than a 1000-1 stock split. so i had a few £thousand in this dog but the shares have vanished from my ii account today. i get what the process is but why have my shares disappeared from my trading account? i mean i know they're worth **** all still but where tf are they?
Started: Stewartyboy, 3 Nov 2023 11:01
Last post: Wareing1972, 3 Nov 2023 12:48
I now have 7 shares in my trading account and 14 in my ISA losses are 99.46 and 99.56 %. Great job guys!!!!
Ditto Stewart , icon and mgc but I also lost a few £s in 4d 😡
I wish I could sell my 9 shares, worth sh#t, I'm the same with Iconiclabs ( £6k down in total, moan the sheep
Started: Philipnwl, 2 Nov 2023 12:27
Last post: DarthInvester, 2 Nov 2023 20:57
Lol it's a joke in it. I know it's not big fish but i had a 1k flutter back on this few yrs ago. Lol now have 20 shares value total.... 3 quid! 1k to 3 quid! Need sp at 50 quid to break even. 99.7% down. Looks like i will be diamond handing that one for...... rest of this life and the next and the next.
maybe its time to start litigation against these ****s. evidence is there of them promising break even while back, promising deals which never happened, paying companies the bod own hundreds of thousands (sputnik enterpises), as if they didn’t already make enough from their fat paycheques.
Ashamed to say it but these robbing b******s have taken me for £17000
15k down the drain with MGC. I won't be investing in any more companies that Stephen Parker is involved in. Period. I'm going to watch what he does at Sareum like a hawk from now on.
Had my 196000 shares purchased for £6900 now worth £40 and 196 shares. Bottom drawer and leave them to my wife when I die in a few years. Who know a may be enough for a bunch of flowers 💐
Started: kalhussain, 20 Oct 2023 12:33
Last post: Gazza4563, 2 Nov 2023 17:15
B.Stards
Are you for real we have all lost everything now. They screwed existing shareholders.
It’ll be a big problem if the zillion of shares (in your words) are not subscribed to at anything under 99%! So we have no option but to accept the 80% discounted dilution for this latest (& hopefully last) tranche of funding. The Company needs money to continue, end of! As for the share consolidation it will not affect your shareholding value as long as you hold the minimum qty of 1,000 shares. No need to vote against this, by voting no you, me and everyone else will lose everything!
You can vote against resolution 1 & 2, also on the monthly basis the stock will be waving up, hence the share price should reach 1p. if the stock split goes ahead your no. of shares go down by 1000 but your share price also goes up by a 1000. for example if you have 5000 shares at 1p your new shares will be 5 at a price of £10. I don't think the share price will go any higher than 10p even if you wait 10 years.
It's resolution 2 that's the problem. Zillions of new shares at 80% discount.
I got wiped out too. £7000 down to £40
I’m left with 196 shares 🥹😢😭
Would cost me more to sell the shares than they are worth. Complete write-off. There will be a few who will continue to draw a wage . G.l to them..
Started: stew200, 2 Nov 2023 11:58
Last post: stew200, 2 Nov 2023 11:58
38p for 25k now
Started: stew200, 2 Nov 2023 11:33
Last post: stew200, 2 Nov 2023 11:33
Could this have a rally after dropping 99% lol
Started: Stewartyboy, 27 Oct 2023 14:34
Last post: burtos, 2 Nov 2023 09:22
Just need a 2300% rise now to break even
Price adjusted now back to a loss and about 96% down
It is a beautiful sight!! My god they will never see 28k pc rise haha. Fools gold for us
Im £30k up on new price, unfortunately just now need to adjust my portfolio on lse with the new price
Not gone just yet. Qrt report doesnt suggest they are shutting up shop.
Last post: Policar74, 2 Nov 2023 09:14
Sold out last week
Is going to be washout mgs going through so much capital don't bring nothing back to books is gonna be ultramarathon for shareholders