WON'T TAKE MUCH TO get this company rolling if they have any success at all with their herbal / and skin products. the medicinal angle is a long way off, but has potential.
I also am enthusiastic, but from a financial point of view. These new multi million share holders are not in this for fun. They are planning to get rich. And I aim to hang onto their coattails. At last closing price, the number of shares to be issued was already known. The buyers of the options at 2 cts were sure of the future of those shares, or they wouldn't have purchased them (although these are the sort of people who can move markets for penny stocks especially....so they probably didn't worry much anyway).
But at 800million shares out there and 40 million each those holders are escrowed at a value of just over 1 million AUD. and that is not their objective.
MXC Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
