If you have 1,000 of these shit shares today, after 8th Nov you’ll have only 1 x share worth $2.00. The minimum marketable parcel of shares is about $500 worth. i.e. 250 x MXC at $2. To have 250 shares to sell on 8th Nov, you would need to have 250,000 shares today!
If you have less than 250,000 shares today, then you will get next to nothing for them, ‘if’ you are able to offload them!
If you have only a few thousand shares, then these will be deemed ‘unmarketable’ and will go into the company pool. …………. you lose again to these thieving pricks.
Needless to say, the ‘increase’ in share price will attract some fresh blooded (ignorant) punters, enabling those in the know to sell out as best they can.
This game is all but over. Those who have lost their voice bleating to ASIC must now know without any doubt that ASIC is totally inept at curtailing criminality in listed companies like this.
MXC Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
