MGZ 0.00% 2.0¢ medigard limited

Ann: Letter to Shareholders, page-3

  1. 7,568 Posts.
    lightbulb Created with Sketch. 2082
    I have to admit I am disappointed with this one .... held the stock a long time ago .... took ages to acquire a position, .... went to that trouble because I believed in the company..... then took ages to get out [breakeven].

    Been watching for about 2 years since .... then I see they come out with a statement saying they have had issues maintaining the vacuum in plastic .... that was now fixed ... but it means a higher production cost. I am peeved ... when I was in the stock I made a number of calls to the company and on that basis took a useful position, never any hint there might be an issue with the design.

    Bottom line .... they were not market ready .... and maybe that's still the case.
 
watchlist Created with Sketch. Add MGZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.