Member Info for vagabond72

Expecting news tommorow from newly appointed MP aussie govt task force regarding regulations on cannabis products.

Poker chips, I know you may be laughing at me today but I strongly believe in this company and things will change with time and we need to give time for this company to emerge from the mentality that this company is a laggard for a long time. This is a good opportunity for this company to turn things around and make profits and I believe it will.

LOL :)

Time to average down at this price. I just did.

I think those who invested here are grown ups and know the potential versus risk. Thanks for the advice.

Roby zoomer already holds 30 million shares from placing and should focus on higher sp rather than adding more and depleting the sp. He should think about the shareholders who have bought at 6p, 7p, 8p and how they would feel. Greed has no limits and that's leads to one's downfall.
Expecting another rns tommorow to justify the incentive plan.

I agree poker chips, but they have to keep shareholders interest first who pays them salaries for their services. I wouldn't mind if the share price was to rise substantially because of their hard work. We are just seeing a small rise in revenue and they start receiving incentives which is wrong. I hope they read this bb and what the shareholders think of this. Won't be surprised if the sp drags back to where we were few days back.

I wonder if Roby zoomed cares about the shareholders?

Already started milking the Cash cow before delivery? Mr. Roby zoner. Yesterday,
hardly any great rns and today a big one in favour of the directors.

The problem today is everyone wants to make a quick buck and they are not really interested in how good the company is. Over the last year, people have made quick money with some shares rallying multiple times for no reason. We are in the same place as last March with lockdown and some businesses shut since then still piling up debt and their sp rising ten fold. eg. Cineworld. Careful research and patience is key to investing. Also, you need to give time for the company to grow and perform to get better returns over longer term.

Forgot to mention, the only negative I see here is share dilution. Sometime sooner or later, they will have buy back shares on asx for the share price to move substantially but that will take time as they need cash now for expansion and operations. Otherwise I think this is a good long term hold.

Next few months will be crucial as they ramp up revenues and profits for the company. Things looking good going forward. I think all the bad news has been out by now including incentives for the board. Looking forward for the next twelve months.

If you are invested here, just sit, relax and watch the sp rise. If you may choose to sell, Then you may miss the ride and regret later. We are heading in the right direction and the sky is the limit. What do you mean by that Roby?

Not many sellers today, what's going on. Up almost 15%. Looks like we are going to close above 4p.

Choosing between mgc and kanabo is like choosing between medicinal cannabis and recreational cannabis.

Good day for cannabis stocks

Kuurj, I know you are invested there as I see you post there. I was also invested there for a year and then I didn't want to risk it all when you have options like this company to invest. I rather will wait longer than loose everything that's why I exited at break even and put it here. On the other hand, they will have to increase the compensation pot before it goes through and even if they survive, it will take a long time to make significant profits. In this climate, it is very difficult to lend to people because of job losses and people complaining later about affordability. Anyways I don't want to discuss on that but I was only trying to tell that this is a less riskier bet over a longer period. I do apologize for mentioning another share on this bb. I am more comfortable here and I believe this will give good return over the years. Good luck to you kurrj and everyone holding your shares here.

Any reason for the spike at the end of session or is it because of oversold position that someone is taking a punt before any rise on Tuesday? Talking about high risk, one should take a look at amigo holdings. Inspite of the company saying that either accept the little compensation or the company goes into administration. Still shareholders are unwilling to exit, with millions of shares each (called balls of steel group). That's what is called high risk share. I think this is a much better company to invest with a long term view. DYOR.

No need to panic, how low can it go? You can sell only once but you can buy multiple times. Someone posting negative here is not going to change the fundamentals of the company. Ignore the short term drop and give the company time to prove what they say. You haven't booked a load until you have sold your shares. If the share price is disturbing your lifestyle Then take a break and come see this in six months time. All the best.

Today New York legalized recreational cannabis. As more and more states legalizes cannabis, people will realize the medicinal worth of the plant and companies like mgc will benefit from the boom. Slowly but surely mgc will grow it's presence worldwide. Good times ahead for this upcoming small company to grow internationally.