Credit raising can be good for companies - but, with MXC, they are raising cash to pay bills and maybe reduce dependence on their finance arrangements.
The issue is that they can't achieve that with existing revenue streams - a red flag.
We will see a discounted CR value so an SP in the 3 cents range. I doubt that the people who jumped on the MXC band wagon when LSE listing was achieved, would be happy with that result.
Can't say they were not warned.
Ann: Trading Halt, page-4
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