Member Info for Paul2566

Mr Lipsky paints a nice picture, however the quarterly report, while not surprising does not make for pleasant reading.

It appears without raising further funds via using the 15m loan facilities already in place, or the issue of further shares, the clock is ticking.
I can't see any way that further funding will not be required within the next 6 months.
I suspect that MXC will issue further shares over making use of the 15m loan facility, and this would make sense. It would of course further dilute existing SP.
Its an expensive business getting a pharma up and running to the point it becomes profitable.
In the near term I don't see any significant increase in SP.
If further dilution does take place depending on the number of shares issued there may be a small drop in SP. Because of the large number of shares already issued (441,000,000), it would tahe a large number of new shares to greatly devalue the existing SP.
None of this is particularly surprising and does not change my reason for making a small investment in this company.
For those wishing to make a quick profit or expecting to see huge returns in the short to medium term, I regret I think you will be dissapointed.
For those like me that see this as a possible winner in the medium to long term (5 to 10 years), I think there is potential, but its dead cash for now.
As I've said before, there is also the very real possibility that this company will fail and we will lose our investment.
Big risk / high reward. (or of course total lose).

Old news. Nothing has changed.

As far as I can tell, there is nothing here that wasn't already known by the market and should already be priced in.
In brief its good news, but old news.
Bottom line, MXC has yet to become a profit making company. Hopefully this may change in the next 10 to 12 months.

ulrica
Sorry about your loss, nobody like to lose money. However until you sell its just a paper loss.
I guess you have to ask why you bought MXC in the first place and if nothing has changed, why sell.
How long have you held MXC. I have held some of my stocks for over 15 years, time and compounding works wonders.
This could of course fall further resulting in further losses, and if you think thats what will happen then getting out and taking the loss now would be the smart move. Holding on to stock out of desperation alone rarely ends well.
I'm only lightly invested to the tune of £4157 and currently that investment is worth 35% less now, but I knew this was more speculation than investment, and will continue to hold.
As for being the worst share ever, not sure. I've had stock before that has fallen 30% or so, its horrible, especially as early on I was foolish enough to be heavily weighted on the lame stock, luckily it regained its value, but I was spooked and sold too early. Got my investment back but missed the profit I could have had. Anyway whatever you decide I wish you the best of fortune.

SmlFry
Have you read your own posts?

Really. Make it worth reading.

What is going on with SmlFry. The posts appear less than rational.

It's not listed on AIM, its on LSE and ASX.

Tjb68.
I'm not aware of your situation or market experience.
I wouldn't worry about the dilution, it was a necessary evil.
I will say that of the 21 stocks I hold MXC is the only one that has a real chance of reducing my investment to zero. On the flip side its also the only one that has any possibility of increasing 10 fold.
As such I have only risked £4k on it which is currently worth £2761, and at todays price is only about 1.18% of my portfolio, and although it would be less than ideal, if I lose it all it wouldnt be the end of the world.
If you are comfortable with the high risk it is worth doing some more research, if you are very risk adverse, I would advise you don't waste your time and spend the research time on another stock.

I'm not sure its that crazy. The company makes substantial losses. It is still subject to a lot of hurdles it must overcome, and it was overvalued which meant many bought in at an unrealistic price which has fallen to more realistic values. This has caused considerable damage to investor sentiment and will need something relatively big to change it.
I do think the stock is now slightly undervalued, but as posted elsewhere I wouldn't buy at the moment, but as I hold some I will continue to hold.

The SP is not a big surprise, but I think it is now under valued. It remains a high risk play which is speculative. If it does do well its going to show some evidence of that over the next 12 months or so.
I wouldn't advise investing a fortune, but for me its a hold for the few thousand £ I have in it.
Would I invest in it today, I don't think so, not without something of substance in its news.
Am I happy to hold, yes. I never expected this stock to turn a profit in the short term.
There are a number of posters here who I think expected to make thousands in a couple of weeks, stocks rarely achieve that.
I do believe there is a very real chance I could lose all my investment in this particular stock, but I also believe I could still make a reasonable profit in the medium to long term.

SP is 2p today. I suspect it will continue to trend lower.
I think its going to take some positive news with substance to alter this trend.

If you examine the disclaimer at the bottom you will see the report was produced by MGC and the publisher had no part in it, nor did they research it to ascertain if it was correct.
I would argue its impartiallity, and personally see the report as without any credible value.

There are a lot of dogs in this race, and I have no doubt that some will do very well. The trick is picking the winners.
It is without doubt going to be a huge market, even big players like BATS are gaining exposure.
I've actually lost count of the number of new entrants to the race.
Some will fall by the wayside, some may be absorbed by other companies, and a few will shine.
Only time will show which is which.

The only times SP matters is if you are buying or selling.
Stocks go up and down.
The market is in general suffering at the moment.
We would I think need to see some additional value in MXC to see upward mvement, and at present I don't.

I wouldn't take too much notice of this sort of trending with this type of stock, and particularly in the current financial climate. The US markets are concerned about inflation and reacted over the past week. The FTSE followed suite resulting in a drop in SP broadly throught the markets. The C19 numbers are up over 300% the past 20 days and this is adding to an uneasy market feel. Personally I'd be happy if MXC holds above 2.4p at the moment, with things as they are with the markets in general.

I'm not sure who you are referring to, but I'm guessing its Pokerchips.
I don't know if he/she is invested here or not, but the posts are not unreasonable.
As for posting on boards where you are not invested, I have on occasion, when I am following a stock with a view to potentially investing. I sometimes follow stocks for months before I actually invest.

CannEpil®
I do like that Ireland has added support to sufferers who can no access CannEpil®, and be supported by the government. In fact so much so that I slightly increasedmy holding in MXC. Health services do like to save money, and if CannEpil® can at least in part offer a cheaper option, and of course is effective, I don't think its unreasonable to think that other health services/authorities could follow suit at some point.

Thanks, had a look at HEMO, it might be one to watch for a while but I personally couldn't hold it while in MXC. It would upset my risk rish feng shui.

Pokerchips
Thanks, I tend to agree with most of your posts that I have read, and it does strike a chord with me because I made similar mistakes when I started out and the information was as available as it is today. In the early days I just got plain lucky, and as I've gotten older I have a healthier aversion to risk now, or at least moderate it more effectively.

I will add, and this is not a recommendation, that for new investors solid stocks may be a better starting point.
You may wish to look at investment that supply a need that is unlikly to diminish. Utilities fit this quite well.
I personally have investmente in; SSE, NG., UU. These are solid stocks paying dividens which when re-invested allow the magic of compounding to perform its wealth building magic.
I like many others like green stocks at the moment, SSE also fits this, but I would also include and am invested in; TRIG, UKW, and BP. Yes I know BP. is an odd one here, but they have seen the writing on the wall and I believe have the ability to make the transition while still giving me access to good old fashioned oil, which I also believe will be required for many years to come. After all commercial flights need fuel, lubricants are still needed etc.
I do like a bit of insurance also, so am invested in; ADM, DLG, LGEN.
Banks are good in moderation, I hold; LLOY, HSBA.
Defence sadly is also pretty dependable and adds another diversity to the mix, I hold; BA.
This year I also intend to add the following from my watch list that I have been following for the last few months: AAF, AV., MNG, SVT, TATE, TSCO, TGR, ULVR, MGN.
I generally try and keep my maximum holding in any one stock to around 5%, although this year some have drifted up to over 7% which I intend to address over the next 12 months.
I'm not suggesting this is a good portfolio, but there are some solid performers in there that have consistently met my needs. I just wanted to share ideas.
Pharma, yes more diversity, I hold MXC of course, but a much larger investment is held with GSK.