Why would anyone think that the sp is going down today because of that report? Did investors actually expect the company to post positive cash flow when they have only relisted last week changing direction in business & it is this particular business that will generate the cash flow as early as next month as per below extract from the report..
MXC is on track to generate its first operational cashflow during the March quarter with the commercial launch and first sales from its first line of MGC DERMA CBD based cosmetic products, and its online MGC DERMA cosmetics shop
I recommend investors read the report thoroughly before making negative & uninformed comments..
If anything this confirms to us investors that they are on track to achieving what they have set out to do & with their collaboration with the University & Dr. Ross Walker it's all positive news going forward...
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Ann: Half Yearly Report and Accounts, page-14
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