In order for management to understand why their "performance"...

In order for management to understand why their "performance" shares and options are worth a whole lot less now they just need to pick apart their last announcement to the market which lacks a lot of important detail.

Definitive Agreement signed for sale of MGC Derma


Formal Definitive Agreement has been signed withCannaGlobal for the strategic

sale of 100% MGC Derma, as first announced on 27 September2018.
What do we know about Cannaglobal? A Diversified growth focused holding company with a global portfolio of cannabis assets.
OK no worries, that really does tell us everything we need to know. Maybe we should just trust the BOD that they don't need to elaborate because they have done proper due diligence and its a really good deal. Maybe because Lorne is such a brilliant entrepreneur who could possibly question what a great deal this is for MXC S/H's Just mention Lornes name, that's all the due diligence required.
How about disclosing to MXC SH's what Cannaglobals  assets are, where they are, what the estimated value of them is, and provide an independent review to justify our 10% holding.


Completion of the Definitive Agreement with finalcommercial terms follows

CannaGlobal’s recent closing of key corporate actions inrelation to other cannabis

related business opportunities, and financing by itscornerstone investor

Definitive  agreement tends to conflict with the following statement later in the ann:
Once the transaction completes, MXC will have a material 10% holding in CannaGlobal, providing exposure .....So is it definitive or is it definitive subject to something else?
Its a bit unclear but I presume by closing they mean closing deals advantageous to Cannglobal rather than abandoning deals they were currently involved with, and securing the support of the cornerstone investor.

On completion of the CannaGlobal transactions, MXC willhold 10% equity in

CannaGlobal following the sale of 100% of MGC Derma

They say that's an improvement from initial negotiations but was it not 12.50% per initial ann?

All future MGC Derma working capital funding obligationsremoved from MXC

That's probably good news and waylays the inevitable CR for a few more months

 MXC will hold an increased equity holding in CannaGlobalas part of a new private

company structure, in comparison to the CannaGlobal equityconsideration under

the original binding term sheet that included a Canadianstock exchange listing

Is a 10% holding under a private company structure better than a 12.50% holding in a listed company on a Canadian exchange per the initial agreement?

C$0.5 million for an initial MGC Derma products supplyorder has now been

transferred by CannaGlobal under the exclusive 5-year CBDand cosmetics Supply

Agreement signed as part of the deal

Transferred to where? MGC pharma or MGC derma which is not now owned by MXC?
Could they not have said RECEIVED by MGC Pharma as they are now the ones doing the supplying of materials?

CannaGlobal, founded by Canadian cannabis industry leaderLorne Gertner, is a

diversified, growth-focused Toronto-based holding company,with a global

portfolio of cannabis assets, one of which will become MGCDerma on settlement. Discussed above
Leading cosmetic business entrepreneur – Hugh Williams –becomes CEO of MGC

Derma effective immediately, having taken on the operationalroles recently

 What do we know about Hugh Winters? Well he has certainly had an illustrious career, even been a property developer.
He even has an investment company. I wonder if that invests in MXC?

CannaGlobal is no longer pursuing a public listing on theCanadian stock exchange,

due to the terms of its new financing arrangements with itsmajor shareholder and

the material change to North American equity markets duringOctober

If the deal is a good one for both parties why would a normal bit of uncertainty or volatility in the equities market delay the agreement? If volatility in the market was a reason not to pursue business opportunities as they arose then nothing would ever get done.

Not only are the management front loading salaries and bonus's but now they are hitting shareholders with a 5% penalty on the sale of MXC payable to Cannaglobal. I wonder if they have a personal stake in Cannaglobal?...Its possible that Cannaglobal is setting themselves up to eventually take MXC out once they list and get equity financing. Oh yes, that right its a private company so we will never know!

All these unanswered questions based on limited information and unclear presentation of announcements. Not a good look.
Who is going to the meeting to get clarity around these issues? Any HC poster living in Perth out there?