Ann: March Quarterly Activity and Cashflow Report, page-29

I know exactly how you feel mate, having lost a six figure amount on two life style companies that trade as penny stocks. The market has not undervalued MXC in my opinion. On the contrary, it has marked them according to their performance to date. They are cashed up and allegedly have a better business base than many of their competitors, so the chickens should start coming home to roost you would think. If they are being proactive behind the scenes, shareholders need to be informed about it. At the moment the SP is languishing because it looks like management are sitting on their hands taking nice fat salaries just like all the other sham companies on the ASX.