RGT 0.00% 29.0¢ argent biopharma limited

Ann: Appendix 4E and Audited 2016 Financial Report-MXC.AX, page-10

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  1. 5,410 Posts.
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    I wouldn't say they've failed to produce revenue - they got a €1.2mil/yr contract, signed immediately after FDA approval, deposit paid upfront and the first €300,000 due in the next quarterly accounts.

    The <$3,000 from the website was probably all bought by shareholders and really doesn't say much about the success or otherwise of the company. Nobody is googling CBD skin care just yet and won't until it gets much bigger than it is now. The fortunes of MGC Pharma are not in its online shop so I don't think it's much to worry about.

    GLTAH
 
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