Who knows. Guess we will have to wait and see the demand for...

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silvahman

4,366 Posts.

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09/07/22

18:36

Post #: 62457866
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Originally posted by amb005: ↑

True, I regret not getting more down there when it was 5 or under. Someone needed to get out by EOFY and didnt care what price they dumped.

I think we will see above 10 cente before consolidation (1st August if approved which is more than likely) , but a consolidation of 150 to 1, means that even at 10 cents pre consolidation the new price will be $15 a share. And the amount of shares on issue will only be 2,281,171. It will be so illiquid, there will be huge gaps in bids and offers, will be easy to get some fills lower.

If the price goes from $15 down to $10 after consolidation, it represents being able to pick them up at 6.6 cents again, this consolidation is a really bad move, and after consolidation MDC would have to have the lowest amount of shares on issue on the whole ASX, dont know of any SOI lower than 3 million, its going to be so illiquid.

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Who knows. Guess we will have to wait and see the demand for phase 3 cannabiboid nanocelle, nanocelle vaccines, anti viral, stress, depression and so on. The science is starting to be proven quite solidly. And not just a concept now. Hitting many avenues of value. But current value is not showing. It was a grim end to eofy for mdc. Looked like one major seller. Surely should see a change in sub holder?

MDC Price at posting: 8.2¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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