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MXC Mgc Pharmaceuticals Limited

0.00 (0.0%)
25 Sep 2023 - Closed
Delayed by 15 minutes

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Share Name Share Symbol Market Type Share ISIN Share Description
Mgc Pharmaceuticals Limited LSE:MXC London Ordinary Share AU000000MXC6 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.105 0.10 0.11 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Drug & Proprietary Stores 4.7 -20.4 -0.7 - 4.65

Mgc Pharmaceuticals Share Discussion Threads

Showing 17001 to 17014 of 17525 messages
Chat Pages: Latest  689  688  687  686  685  684  683  682  681  680  679  678  Older
0.1p conversion? Oh yeah.

On 1 February 2023, subsequent to the balance date, the Company executed an agreement to extend the
maturity date of the A$2,100,000 convertible notes on issue, which has extended the maturity date of these
convertible notes to 1 February 2024 (2020 Extension Agreement).
The notes are convertible at the discretion of Mercer at any time prior to maturity, with a conversion price as
• The conversion price will be the lower of A$0.035 or 92% of the lowest daily VWAP of the Company’s shares
selected by Mercer over the 10 trading days on which the Company’s shares are traded on the ASX
immediately prior to the issue of the conversion notice, subject to the conversion price being no less than

self massager
More loan conversion is coming.

Salvage what you can.

The Group’s cashflow forecasts for the 12 months from the date of this report indicate that the Group will require
additional capital to meet its expenditure requirements and carry out its planned activities. Due to ongoing capital
raising activity and the existing convertible loan note agreements the Directors are satisfied that additional capital
can be raised as and when required to meet its current commitments and further planned activities.

self massager
Had a massive deficit

Going Concern
During the half-year ended 31 December 2022 the Group incurred a loss from continuing operations of
A$11,073,361 and net operating cash outflows of A$6,756,741. At 31 December 2022, the consolidated group
had a working capital deficit of A$7,074,473, including a cash and cash equivalents balance of A$1,133,688.

self massager
Cash and cash equivalents at the end of the period.

So they had 1.133,668 in dec, and they have zero now; that's they are drawing money; OPEX is about 500K.

Very likely, it's insolvent. Look at liabilities, cash flow and no money.

Salvage, you can. 0p is coming; this scam has been uncovered.

31 Dec 22 1,133,688

31 Dec 21 8,064,812

self massager
Cash flows from operating activities Receipts from customers 31 Dec 22 2,702,448 31 Dec 2021 3,315,304
self massager
Loss after income tax expense

Loss after income tax expense - - - - (10,882,134) (191,227) (11,073,361)

self massager
Net assets in negative. LOL.


Provision 17,052 16,448
Deferred income 8 4,292,934 3,679,413
Lease liabilities 11 2,232,071 1,974,918
Total Non-Current Liabilities 6,542,057 5,670,779
TOTAL LIABILITIES 18,130,858 13,378,035
NET ASSETS (2,887,658) 5,179,783

self massager
Current liabilities are near current Mcap, and liabilities have increased from 7.7m to 11.58m in six months.

This is going bankrupt; salvage what you can, as the scumbag reads this thread.

Trade and other payables 2,922,173 3,519,206
Deferred revenue 8 869,238 1,810,361
Financial liabilities at fair value through profit or loss 7 7,583,466 2,100,000
Lease liabilities 213,924 277,689
Total Current Liabilities 11,588,801 7,707,256

self massager
Loan conversion is happening right now; expect sub 0.4p soon. They are converting circa 0.4p now, when RNS comes it will go sub 0.4p.
self massager
Decent half year progress made 👍🏻 onward and forwards 🤞
Vaston heisafatman is just very stupid, stupid, stupid.
Don't forget his sidekick goldilocks

Bankruptcy is coming
ibatman ver2
Still here batman, waiting patiently. Keep up the good work, it always puts a smile on my face :-)
nd thus MGC remains reliant on an extremely onerous death spiral provided by the sharks at Mercer. The last draw down was of $600,000, call it £500,000 on February 3.This is a business that – in the last quarter to December 31 2022 – showed an underlying cashburn of £600,000 a month! The company drew down an $800,000 tranche of death spiral on December 28 but that was all gone by February 3 when that £500,000 drawdown took place. My cat can do the maths: the next drawdown and associated forward selling is now imminent. Hence the share price dump.
Chat Pages: Latest  689  688  687  686  685  684  683  682  681  680  679  678  Older
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