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$6.60 medlab clinical limited

The dodgiest thing Medlab has done to date. Was going to buy in...

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silvahman

4,366 Posts.

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28/06/22

12:22

Post #: 62247068
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Originally posted by amb005: ↑

Its all very odd, the sell off seems to be a top 20 who probably knew this was coming, the insitution raising would have had this information before the market.

I just cant get over how idiotic it is to announce a cap raise, at all time lows, in a bearish market, when tax loss selling is in play, while you have more than a year of cash in bank.

Think about all the investors over the last years who poured in 15 million at 24cents just last year and are 80% down on their investment only to see dilution yet again.

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The dodgiest thing Medlab has done to date. Was going to buy in today but kind of glad I didn't. Still holding a parcel from 8c. Now i may as well wait to buy at another new low. That's even if i want to now. Makes MXC look good.

MXC value 50millionaus$ with 2-3 million cash in bank
MDC value less than 15million$ with 6-8millin cash in bank..

Super dodge.

MDC Price at posting: 4.8¢ Sentiment: Hold Disclosure: Not Held
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