Well they do have the provision for the windup in the accounts . They are usually conservative. They are getting a few % interest on #30m until 21 Feb and then still on about $5m until they return the balance. So I am confident on getting another 2.5 or there about .
Lot of buying in the last few days up 2.5 cents.
we have to wait until 5 March for the windup to be effective. Hopefully not long after that.
It is odd that there was quite a bit of buying between 2.3 and 2.5 after the windup announcement . Hardly seems worth it. I don't think anyone would try and stop the windup and make a takeover offer to use the tax losses , but I guess its still possible. Alceon could I guess make a takeover bid and use MXq as a subsidiary with the losses, But that sounds a bit far fetched. Investors who brought between 2.3 and 2.5 must be confident of getting at least NTA and getting the money pretty quickly for it to be worth while.
MXQ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
