MXL mxl limited.

share purchase plan announced at discount, page-3

  1. 942 Posts.
    Interesting enthusiasm Bosco.

    The way I see it, they are looking for another year worth of funds. Doubling the number of shares on issue and offering a change in direction to a market with more competitors and less margin.

    They just keep seeking funds, and they really haven't offered anything to convince me on buying in to participate in the bargain of all bargains.

    I'm of the opinion this is going to hurt them. They can't double their current market cap through a SPP without hurting their SP. Watch it halve from here unless they start getting runs and revenue on the board.

    $0.015 in 3 months is my tip.

 
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Currently unlisted public company.

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