Nobody hype about this deal?! The share price has jumped from 4c up to 5.8c on that day when this "Chinese YuShop deal" was announced , a pump of nearly 45% !
However, everyone can see it is just a bluff and do you have empathy for those who brought in at 5.8c because of this YuShop stuff? They are now suffering a 43% loss!
If it is proven that MGC hasn't performed due diligence in this case, these investors can sue the directors for breaching the Corporation Act.
You can only hope no one will ever make a complain to ASX or ASIC because of this!
MXC Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
