I couldnt believe how could sp had been pushed to $3.15. Equally, couldnt believe sp dropped over 88% within 9 trading days. Action likes the company going to administration
They got fully back from HK-listed company which holds 22% of MJP by investing $21m cash. They signed an agreement to form a long term partnership.
MJP stated they are fully funded to commercial production. Had over 20 government bodies expressed interest and over 1,000 private interest with over 40 put deposits in. Pre-order was over $42m per an article published in Feb 2014.
personally expect at least a "dead cat" bounce next week.
GLTA
MJP Price at posting:
69.5¢ Sentiment: None Disclosure: Held