ASX is being cautious because there are too many dodgy/questionable business entities who have no prior experience in dealing with Coronavirus (as in the case of MXC), claiming that they have discovered "potential" treatment for the disease without any scientific evidence.
What is the point of signing a "distribution agreement" when the clinical trials have not even completed? They may use the YuShop trick again, saying they have signed an distribution agreement with a "giant eplatform" like eBay and selling their exclusive "natural remedy for COVID-19" to millions of "potential" customers.
The whole thing sounds soo dodgy and unethical to me and the only reason they do that is to get more money from the capital market.
MXC Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
