In my humble opinion. I am really disappointed that it has taken nearly a month to identify and report this issue that occurred on the 11th Nov. Especially given the recent capital raising. I notice that only one director has announced his participation yesterday in the SPP so far. I hope that others committed funds and the notices are still to come out. I guess that someone somehow managed to identify the issue some time ago ( or was just lucky to sell ) as the share price has been dropping for some period of time. I am surprised that 5 of the 6 products are in line with the pcp and that the other product has caused so much damage to the bottom line. The release did not adequately explain the situation in my opinion. I thought that MCP had changed for the better some time ago hopefully they have.
I now think it was the smart individual / fund manager dumped yesterday for what ever reason. Hindsight is wonderful. DYOR
MCP Price at posting:
$1.24 Sentiment: None Disclosure: Held
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