Ann: MGC Derma launches Second Derma Plus CBD Product, page-39

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treking

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14/05/18

22:32

Post #: 33090070
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Originally posted by DrKnow ↑

we should focus on fact that company has a market cap of 100 Mill right ? ignore share price, that is meaningless, the only thing that matters is market cap is over 100 Million fully diluted

to say 50cents in share price is just silly - that would be market cap of closer to 1 Bill fully diluted and that is just not going to happen any time soon

stock has basically doubled over last year and now has a significant market cap - over 100 Million dollars if you dilute for all the stock and options ....... 100 Million for a company that generated $81,000 in gross revenues last quarter

you have to be realistic, whatever the upside in years to come, the current market cap is massive compared to the actual results of progress to date

I am not saying company has not made progress, its just that 100 Million of market cap is very high.

Have a look at EXL in comparison for instance, Market cap of 170 Million but sales of over 5MIllion a quarter of hemp oil

MXC has some interesting opportunities but probably should be around 5-6 c per share until we actually see some incomes from offshore or more progress with domestic licenses

I owned previously and will again but not at these levels

Only stocks I like are AC8; EXL; MDC

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Why does ac8 and cann have half abillion market caps when they have nothing to offer?
Where would half billion market cap put our share price? 50c isnt too far fetched, is it.

MXC Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.0¢		Change 0.000(0.00%)		Mkt cap ! $16.08M

Open	High	Low	Value	Volume
30.0¢	30.0¢	30.0¢	$77	257

Buyers (Bids)

No.	Vol.	Price($)
3	21556	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.0¢	105	1

View Market Depth

No.	Vol.	Price($)
3	21556	0.300
1	3921	0.255
2	14004	0.250
2	20938	0.245
1	2200	0.230

Price($)	Vol.	No.
0.330	105	1
0.395	5754	1
0.430	2500	1
0.440	2673	2
0.445	1668	1

Last trade - 10.50am 28/10/2024 (20 minute delay)

RGT (ASX) Chart

Ann: MGC Derma launches Second Derma Plus CBD Product, page-39

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Ann: MGC Derma launches Second Derma Plus CBD Product, page-39

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