Been pretty dissapointing ride with MDC, a lot of potential but seems to always fizzle out. Basically been grinding down for 4 years, and seans getting paid the whole time but shareholders havent had any growth and only got diluted after cap raise.
Losing $3.6 mill a quarter with only $9.7 mill left, looks like we can look forward to another cap raise within the year, at a discounted price , yet again.
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Ann: Monthly Activities/Appendix 4C Cash Flow Report, page-6
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