It's not taking off because the SI's are taking profit, do the math...They got their shares @2c.
They operate on +50% profit and this is too high risk for them to stay in, they will move on to the next hyped up float.
Thats where the 200+ mil shares traded have come from.
MGC might be great and make a billion or might run into legal changes, oversupply, crop failure...etc but be aware SI's will free carry themselves and if theres any delay or problems, dilution will come.
Ann: Agreement with SipNose takes MXC into Global Epilepsy Market, page-31
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Last
31.5¢ |
Change
-0.025(7.35%) |
Mkt cap ! $14.26M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 31.5¢ | $5.612K | 17.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 268 | 2 |
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| Last trade - 12.43pm 02/07/2024 (20 minute delay) ? |
| RGT (ASX) Chart |