Ann: First European Distribution Deal Signed for API Products, page-81

Yes it was - less dilution. The $64,000 dollar question is, "are these guys astute business tycoons cleverly consolidating all our positions to make MXC the market leader?" If any of us knew the answer to that right now, the SP probably wouldn't be in the doldrums. Remember, most penny stocks fail to live up to their promises. To date, MXC has done NOTHING to encourage market sentiment and we see that in the SP. It could be slow and conservative growth, or it could be clueless management feathering their own nests. The lack of disclosure is not a good sign I hate to say.