reply from MXC regarding deposit., page-281

And more about Varm Cosmo from MXC's 30-10-17 announcement "Varm Cosmo is backed by well-funded private investment group, parent entity has a strong cash balance with established global online and retail sales channels".

From that same announcement it also says "MGC Pharmaceuticals’ MGC Derma division signs the first binding sales agreement with Varm Cosmo, for a minimum contracted volume of $8,000,000 of product. Also... "Under this $8m binding sales agreement, MGC Pharmaceuticals’ Pharma division will supply approximately 30kg of pure CBD per annum to MGC Derma – material new direct income stream for MXC. So where many are assuming Varm Cosmo hasn't paid up, maybe the products (made by MGC Derma) are not yet ready!

My take on it is this is a brand new venture, so a few delays are to be expected. Looks to me like all of these companies feed into each other. I think this pull back in SP is technical, fed by rumour based on lack of understanding of how these companies are working together to create something very exciting. As MXC states, it's all still on track.