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Mine didn’t fill. I saw it drop, and figured it’d go back up and it did. I have a feeling more news will be released this week. I’m picking up more under .07. Auscan market cap is double MGC’s and MGC quarterly revenue is 81x’s AusCann. All the training Auscan is doing with doctors will benifit MGC, especially with Cannepil going to market any day.
Also with GW Pharma pushing an Epilepsy drug through FDA- this benifits MGC too. I wonder when we’ll know who the JV is????
MGCLF
I believe we just witnessed a tree shake.
Based on the big buys today, I think news may drop tonight
Go MGCLF
Volume is up... shorting is way down... epic announcements in the future. This stock is the perfect storm
MGCLF
I looked at who the big Canadian LP’s use to distribute news. Both see very easy to join. MGC is alreadynpaying a PR firm in Australia- if they get rid of them, it won’t be an additional expense.
As soon as an invester does their dd on MGC, it’s a no brainer. They will dominate, its smart business they grew these divisions at the same time.
MGCLF $$$
I think it’s great he’s taking the time to talk to US investors- he’s been flying around the world (hopefully closing deals)
We also have about $7mil cash in bank. Auscan has been going up the past week and they have $0 revenue. MGC will dominate in my opinion
MGCLF
I have been trying to figure out who that is myself.
I agree, I think we will keep getting news updates (all good). Hopefully the US will see them too! I have a call with Ron tomorrow at 1:00.
The next few months I think our patience will pay off!
MGCLF
I agree this is a great quarterly. Cult Beauty sales may not even be included in this - Cannepil isn’t and there’s so many other flames in the fire.
Considering the bigger player (Auscan) had a $0 in revenue. We’re in good shape. Also did you notice this quarter is half the sales for past 9 months. That’s about 100% growth
And tomorrow is my call to MGC- things look good
MGCLF
Quarterly report came out. Doesn’t look bad at all. This quarter equals more than half the revenue for past 9 months and doesn’t include some of the new income streams. To me it doesn’t look like the Cult Beauty Numbers are included- if they are they launched mid February
Considering AusCann revenue was $0- and we have revenue, I’d say we’re in good shape
The next quarter we should really see all the deals turn into $$$
https://www.asx.com.au/asxpdf/20180430/pdf/43tn7gykdczx4g.pdf
MGCLF
Excellent summary!!
Call is confirmed for Tuesday between 1-2. Just received invite to add to calendar.
I am extremely happy with MGC taking the time to listen to investors- knowing how busy they are. With news distribution in the USA when they release in Australia will be so benificial to us investors. This company has so many amazing projects in their pipeline for 2018!!
Go MGCLF $$$$
Your very welcome. I’m going to speak to him about the news distribution (from my research it looks like PR and global newswire are who the big companies use, they compliance check then distribute)- updating otc when ASX is updated (I’ll describe difference in pink verse otcqb) and also mention NCV revenue tracker. If MGc is over $2.5 mil for quarter, maybe they could reach out to NCV.
If I’m missing anything let me know. There is a huge difference in the way the Australian and US stock exchange operate. Those are the points I noticed that would really help the US/Canadian investors.
I’m open to suggestions if I missed anything
MGCLF
Anyone following my call with Ron regarding getting news released in US. Tuesday morning my time is the new time. I didn’t have Skype set up. I pasted part of the email. MGC is definitely interested in understanding how to release their news/company updates in the US distribution channels (copy from email below)
agreed, erin.
I would love to figure out a viable
agenda to change this....sending out
an invite shortly.
what time your am works for you
tuesday?
i'm in bali so i'm about 12 hours ahead.
best,
r
Any level 2ers know how many for sale at .065
MGCLF
As always great dd. We all know classicdocs is part of that program
It’s huge for MGC- look what Canopy did for Canada. They trained doctors on benifits of medical mj. A lot of companies benifited from this. With Cannepil going to market, and Canopy bringing Australia the attention it deserves... it’s just a matter of time
MGCLF
Agree with you again. This happened with LDSR after running to .026- it dropped below a penny. Ironically all the posters in the board now, where on the board when this happened before.... a couple days later it went back to .018.
The shell will be fine. From a liability standpoint, big companies have publicly announced partnerships with Data443- Jason hired an attorney, Carl Smart, when he purchased the shell. So unless Carl got a law degree online, I’m sure he did his due diligence on the shell- or he’d have a HUGE professional liability lawsuit on his hands.
Mira is a known fraud- I’d imagine they have been delivered a cease and desist letter, hence the reason no more comments from them AND let their email they will be correcting their error
A good player does NOT show his hand to his opponents- Jason won’t release news until he legally can. Another reason I believe in this stock, any other stinky pinky would have blasted out 12 BS pr’s.
Fundamentals haven’t changed.
Castle Island is one of my favorite places as a child and adult.
Great buying opportunity today
I just looked at yahoo. I don’t think it’s an article, it’s more like a detailed Barchart type of thing. If you schroll down and hit MGC current financial health. It rates it healthy, then you can click actual value of stock and have to join or pay to see. My guess is it’s something like Barchart in Australia.
Canopy is going to help get Australia noticed and all their training with Australian doctors are going to help MGC immensely.
Did you see Chronicle last night??- on legalization of recreational in MA and benifits of medical
MGCLF
That’s odd. They used December 2017 financials. We knew they had a loss last year, (they also expanded) but they had 7mil in cash.
It’s not on anywhere else, can a person post to yahoo?
I don’t think it’ll be that long either. I’ve seen an increased interest across the board on the Australian stocks. What Auscan is doing in Australia will help MGC before it helps Auscan. There were a few big. It’s this week on MGC. It usually happens that we have to wait with a lower pps so the big guys can get in.
Tonight the ASX should be interesting after an holiday. We know Ron has been traveling around the planet (I believe he’s in Italy now). Highly unlikely he’d be traveling so much without closing deals
We know it will happen, it’s just when
MGCLF
I agree with you again. I bought more today. It seems this always drops before the rise. You see that in a lot of the stocks. I’ve learned when the bashers are prominent in this board - buy.
I’ve been watching the volume, I believe Data443 has been buying back shares in the open market. There’s SEC rules to how a company can buy back shares- one of the rules has to do with news releases (can’t buy before or after) patience longs, patience
Big buy just went through for 100,000. News maybe getting released tonight. They usually know first. I still can’t see this going lower.
MGCLF
I wonder what today will bring since ASX was closed last night
MGCLF
I will fill everyone in. Today is a national holiday in Australia.
I like your analogy.. boom
MGCLF
It’s a holiday in Australia, Anzac Day. ASX is closed today. A couple Canadian stocks had real low volume today, too.
Maybe they’ll release the mother of all news all at once lol. Cava Labs still doesn’t have any CBD products for sale, hopefully they’re working on it. It’s been about 3 weeks that testing started for final GMP certification
The Calm Before the Storm...
MGCLF
+ one
Your comment is why Ihub should have a like button
Well said
Patience is the hardest thing! Soon we will have a stream of epic news from MGC, the US and Canada. Australian stocks are picking up steam, hopefully the day will come soon that MGC has the market cap it deserves
MGCLF $$$
I was just about to post the news from AusCann will help MGC a lot. Canopy Growth amping up training on cannabis prescriptions to Australian doctors is very beneficial to MGC as well. Especially on the verge of Cannepil going to market.
I’m in AusCann too... I went over fins for both MGC and AusCann last night. MGC has more revenue streams this year. They are so undervalued. Auscan market cap is triple MGC.
Hopefully they’ll both benifit from the news
MGCLF $$
Great minds think alike I got in abc at $2.52. Golden andfutureb farm I bought last year sold farm over $1 but just started buying f farm. Golden - freedom leaf and sugarmade again in the last week. By far MGC is my biggest holding. I got in sugarmade and potnetwork last year at .05 or under and they went to .85 and .45. I took profits there - I did get back in sugar but not pot n.
Their market cap right now isn’t even 80mil- the Mascut deal alone justifies a $80mil market cap. This is using the lowest multiplier any Canadian LP ever had. Based on Canadian market cap multipliers over last 5 months if MGCLF only had the $1mil revunew from Mascut the Cap should be $80-200mil. We have so many more revenue streams. Numbers don’t lie lol, I don’t know how to do a technical chart, but, at some point the market cap will catch up. - that’s the reason I went in so much on MGCLF. I wasn’t one of the lucky ones that got Aurora under a dime. If you look at Aurora then and compare to MGC now (early stages) MGC is so far ahead with their 3 divisions.
I normally go with diversify, but MGC made me break all the rules. They have 75% of my cannabis investment $$$
We should be hearing soon on gmp and cannepil
It’s nice to see end of day big buys go through. There have been a few this past week
This has been going on for a little bit with MGCLF- I’d say in the next couple weeks (or sooner if right announcement) comes out we’ll see this go up. They definitely have a hold on the US MJ stocks. I’ll keep buying when I can. My average cost is .083, I know end of year I’ll be happy for this extra time to accumulate.
To me this is like buying Aurora under a dime.
MGCLF
It’s so frustrating knowing your stock is being held down. It seems like a lot of the cannabis stocks are like this today. With all the good news on Federal law changes they should be going up up up
MGCLF
I still can’t see this touching .04’s. Their doing something - they know the price down with a small buy (last one 162 shares). Then they must be buying that isn’t hitting the volume.
The .06’s are a gift.
I got an email from Ron, he’s traveling from Asia to Italy. We’re trying to schedule a Skype call Thur or Friday. I sent him more links- and offered to upload the news from ASX if they create and account!
We’ll see our day- welcome all new comers!!!!! Our board adds more Amigos to the fantastic MGCLF investors team everyday!!
MGCLF $$
Hopefully the MM’s are covering their shorts. Why else would a stock open 25% down.
The GW news getting through FDA is huge. Let the MM’s play their games, the amigos on this board know where this is going.
So many catalysts coming, in USA- Canada and MGC
MGCLF $$$
I don’t believe so, if you can private message me your email I think I can send you an invitation to open TD and get the 300 trades. - etrade might be 4.95 (TD is $4.95 on Canadian foreign trades FYI)
Or google TD account offers- you can take $$ instead of trades. I got $100 and 300 trades. It was nice not paying a fee!
MGCLF
I have TD their charge is $15, but if you open a new account with TD they have 300 free trades. I got a lot of my buys in my free trade. I would switch brokers or call your broker and tell them to match the fee or you’ll leave. Td doesn’t have a minimum- so you could have 2 accounts. Etrade might even be less
Good luck
The bid is what someone will pay the ask is what they’ll sell. The MM’s are messing with it now. They’ll set the bid ask - I’ll call you and explain more
Thank you for the compliment! There is definitely a disconnect, things are done differently in Australia- I’m glad the company is willing to listen. It’ll be great for us when news is sent through US.
GW Pharma going to the FDA is also huge for us. There are so many catalysts that should keep this stock going up (once it starts). Management built a great foundation. I’m like you the more dd I did on this company the more I loved it and saw the opportunity.
In June we have the FDA vote and Canada releasing legalization date- MGC has great announcements coming. The next couple months we should start our climb
MGClF
If This approval by FDA for GW’s cannabis Epilepsy drug for children passes in the USA- which it looks promising since there was a unanimous vote to pass it- could be huge for MGCLF Epilepsy drug Cannepil for those suffering from refractory Epilepsy. Especially since Cannepil will already be distributed in Australia and Europe by the time the final vote/approval date on 6/27 (see article). GW has 3.9 billion market cap and their drug isn’t out yet
GW Pharma Gets Unanimous Support for Epidiolex Approval from FDA Advisory Committee
https://www.newcannabisventures.com/gw-pharma-gets-unanimous-support-for-epidiolex-approval-from-fda-advisory-committee/
I know MGC wants to run. It’ll be nice when the news hits the US circuits- I think any cannabis investor after doing some dd will love MGC like I do.
I think next week we should get the final gmp cert, Cannepil out to patients and the VC deposit.
Patience.... is hard
MGCLF