Greed and FOMO drive a sp up to unsustainable highs and vice...

Greed and FOMO drive a sp up to unsustainable highs and vice versa fear sends a sp easily into oversold territory. Current MC is about 40m, that requires an annual profit of 4m at PE 10, 2m at PE 20 or just 1.3m at PE 30. Normally a fast growing company - like MXC - gets a PE of 30+ , that way, according to the originally announced orders and expected sales numbers a sp at 6-8c would be justified.

So, why down at 4.2c ? Easy to explain - FEAR. I took advantage of the GFC, the Grexit rubbish and take advantage of Brexit as well. Solid and sound companies will always survive and come out stronger due to some competitors breaking down. MXC is targeting a new market segment with people all over the world eager to try cosmetics and soon legalised medical treatments that were previously illegal.The distributors aren't just lining up to become part of the network, they are actually selling!!!!!!!!

Worried about new trade taxes to Europe / UK due to Brexit ? Remember, people don't care about a price if they want things !

People who have bought the new comer Lithium and Gold stocks will have to wait years for those comps to make profits, not to mention the huge start up costs. All done here, the money flow has started.

Imo, bargain territory and any one who thinks they have to drive the sp further down is most melcome to do so.

To buy low they must be offered low.