I entered at $1.26 in Dec'18 (luckily only one small parcel), I am not sure if the loss of their Chinese part of dodgy business is priced in to the SP yet.
Apr'19-to-Jul-20 SP went up crazy, on hindsight I can see now that it was bubble created by hype from dishonest management and their Chinese counterpart. If I had hint earlier I would have exited.
At $1.25, has MCP just retreated to its early 2019 value? What about dented market value from goof-up/ loss of trust in management! How much more SP can fall from here! Sub $1 ?
When it comes to China level of cook-up in books is beyond imagination and sad part is it takes time before information comes to public - that's the way dodgy China operates. I am inclined to cut my investment in anything to do with China now.
MCP Price at posting:
$1.22 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)