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30.5¢ argent biopharma limited

Ann: Suspension from Official Quotation, page-19

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TheMonsta

375 Posts.

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24/07/20

13:43

Post #: 46056650
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Originally posted by divvv10: ↑

Yes, I believe he was.

But Roby and the others didn't jump on board until 2015 when MGC Pharma was founded and subsequently listed.

Without agreeing or disagreeing that some of the funds may have been 'misspent' over the years, you should also recall that MGC are not the only company to spend 'millions'? Seems to be quite common in this industry.

Just this year alone, there have been multiple MM companies raising funds - EXL, THC, MDC, ZLD, etc.

Building facilities, research, working to become commercially capable, etc. tends to become quite expensive.

The industry was in its infancy, most companies (such as MGC) whom are solely involved in medicinal cannabis, take time to get there.

The fact that MGC is almost pulling in $1mil a quarter is promising - as of year 2, the OnixCann deal alone will be pulling in approximately $4.1mil per year.

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Div, does the highlighted alarm you at all?

MXC Price at posting: 2.4¢ Sentiment: Sell Disclosure: Not Held
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