Argent Biopharma Ltd (MGCLF)

[BostonErin]

They have 1.2 billion authorized. (I just replied to Rushman with a long explanation). I'd guess their float around 600mil.

They can't issue any more that 1.2 billion shares. Since MGC is an Australian company they follow their rules - hopefully if they uplist the Authorized, Outstanding and Float will be explained on the otc web.

The good thing is, I don't see any more capital raises. Aurora every time they'd gain $1-$3 they issued more shares (they have almost 600mil) and the stock would drop. One reason I love MGC is they've built the foundation across the board - derma - growing - medical - nutraceuticals - the have a vape partner etc etc - so when they get to $1bil market cap, they won't be spending money like the Canadian LP's to diversify.

I'd prefer less shares but - MCG could easily hit over a billion market cap end up year (I think they'll hit $4) that's still over $3 a share