MGC Pharmaceuticals – do the maths dummies, I'm 99.2% ahead on this bear call and it is going to go from £15m now to zero

On November 1 2022, I published a red flags dossier on Turner Pope spoof MGC Pharmaceuticals (MXC) with the shares at 2.25p giving market cap of £70 million. Wind forward 15 months and after a 1000 for 1 consolidation the shares are 18p meaning that those who mocked my advice have lost 99.2% of their hard earned. But so many gazillion pieces of worthless confetti have been issued that the market cap is still £15 million and today’s quarterlies suggest that is way too high as yet another cash crisis looms.

MGC Pharmaceuticals shares collapse as consolidation kicks in, I'm 99.3% ahead on this short call - more to come!

I first published a red flag dossier on MGC Pharmaceuticals (MXC) when the shares were 2.25p on 11 January 2022. The last time I wrote they were 0.055p on September 26 2023 as the company announced a bailout placing and 1000 for 1 share consolidation. That consolidation kicked in today and, ceteris paribus the shares should have been 55p. But instead, having risen since September, they have collapsed by 75% to just 15p.

VINDICATED AGAIN Another day, another ouzo moment – MGC Pharmaceuticals shares collapse

Shares in MGC Pharmceiticals (MXC) were 2.25p valuing the crock at £70 million when I published my first explosive dossier HERE just 20 months ago. Of course folks like broker Turner Pope, evil PR Spinners IFC Advisory (not having a good day are we chaps?) and the bulletin board morons knew better than silly old TW. I’ve kept on exposing this all the way down and today the shares are down by almost 50% on the session at just 0.055p after more disastrous news.

In 1984 Speak MGC Pharma announces “a share purchase plan” - it’s a share sales plan of course

Welcome to newspeak. Well done evil spinners IFC Advisory (of Versarien infamy). War is peace. we have always been at war with Eastasia. MGC announces a share purchase plan. The Ministry of Truth is doing wonderful work. For MGC Pharmaceuticals (MXC) share purchase plan is in fact an offer to sell new shares to the mugs already on the shareholder roll. And the excuse?

More ouzo needed – Massive new vindication: MGC Pharmaceuticals keep the lights on placing at just 0.12p

Shares in this dreadful company were 2.25p with the company capitalized at £70 million on January 11 2022 when I published a, crammed with red flags, dossier. Bulletin Board critics and advisers said I had it all wrong. Today the shares have collapsed by another 55% to just 0.115p after a bailout placing and warning that the Fat Lady may have a gig. More ouzo for a once again vindicated sheriff who has warned folks so many times.

MGC Pharmaceuticals (#MXC) – bailout (but only for near-term) £0.7m fundraise at 0.12p per share

MGC Pharmaceuticals (#MXC) – Q1 A$2.5m cash burn, with cash down to A$0.3m needed £2.1m post quarter-end fundraise!

New broker, same old story – pump and dump at dog with fleas MGC Pharmaceuticals

The word on the Street is that the scholars and gentlemen at broker Turner Pope actually did act like scholars (researching my numerous exposes on this website) and gentlemen and so refused to raise any more cash for worthless POS MGC Pharmaceuticals (MXC). But some folks would raise cash for the Wiping Saddam Hussein’s arse company. Step forward Peterhouse Capital.

MGC Pharmaceuticals (#MXC) – £1.2m placing at 0.44p per share with options

MGC Pharmaceuticals – another cup of death spiral vicar?

The word on the Street is that the level of boardroom greed at MGC Pharmaceuticals (MXC) is causing increasing unrest among some of those hitherto supportive of the company. Meanwhile the share price continues to tank and I think that we can all guess why. The shares were 2.25p, valuing this crock at £70 million, on January 11 2022 when I published this extensive bear dossier HERE. Today they are just 0.475p, off another 15% today and valued at just £13.7 million.

MGC Pharmaceuticals – more death spiral vicar?

36 days ago MGC Pharmaceuticals (MXC) drew down A$800,000 of funding from its death spiral provider Mercer. But I guess Christmas is an expensive time for us all, there are bills to pay, yadda, yadda, yadda.

MGC Pharmaceuticals (#MXC) – $0.6m death spiral funding drawdown, CFO Angela Graham leaves

MGC Pharmaceuticals (#MXC) – quarterly report shows further net cash outflows and drawing of death spiral financing

MGC Pharmaceuticals (#MXC) – cost reductions including in remuneration, NED Evan Hayes resigns

MGC Pharmaceuticals – so desperate to place but pro tem more death spiral vicar? Dismal quarterlies

I have warned you for a long time, notably with this dossier HERE, that Standard Listed MGC Pharmaceuticals (MXC) is a dog with fleas drowning in a sea of red flags. Today’s quarterlies, coming after six ramptastic announcements so far this month are piss poor and written with intent to deceive.

MGC Pharmaceuticals (#MXC) – Q1 sales revenue A$0.765m, but cash burn A$4.1m, cash A$0.9m

MGC Pharmaceuticals (#MXC) – board changes and “appointment of UK capital markets advisor”, ramptastic!

MGC Pharmaceuticals: another red flag vicar? More ouzo on cornflakes for a vindicated sheriff!

Following the publication of my red flag dossier earlier this year, anyone owning shares in MGC Pharmaceuticals (MXC) was fully warned of the need to lube up. I hope they did. The shares were 2.25p back on 11 January when I warned you that this was a £70 million dog from the scholars and gentleman at Turner Pope.  They are now just 0.825p but after another red flag admission today they are still a monstrous sell.

MGC Pharmaceuticals (#MXC) – advertising laws infringement notices totalling AUD$306,960

MGC Pharmaceuticals (#MXC) – raises $0.55m from Mercer Street death spiral facility