RGT 0.00% 32.0¢ argent biopharma limited

Ann: MXC to Acquire Licensed European Medical Cannabis Company-MXC.AX, page-115

  1. 248 Posts.
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    The price hasn't gone up though, it's gone down. I think you're overlooking that this deal isn't complete yet. Both companies have things to do to ratify the contract and the things to do aren't just simple tasks. I've got a buy order in hoping I've factored in enough for the possible cr that's coming just to fund this acquisition plus everything else mgc would need to pay for without panax. It's a great deal, I'm betting on it, but it isn't a guaranteed bet and I think that's what is holding the price back right now. Wait for the acquisition to be official and the funds to be raised before you get too concerned. People aren't stupid (not all anyway) but a lot are definitely conservative.
 
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