AyeU: I bought MCC in the trading account (Non Registered) in December 2015 ranging from .015 to .025 per share making the average .02 on the timely purchase.
I sold on the way up in the .08 range...some in the .13 .17 and last lot at .25 and left behind a small position in the trading account free and clear.
I did not obviously pick up enough shares at that price as one would have liked to given the valuations at that time and return generated on its rise to what .27 to .29 a mere month later?
I personally did not see that type of return in a short period of time coming and tho there existed those that posted it was heading to .40 per share in short order I did not share that observation and stated so on the stockhouse thread-and at .25 per share when I inquired with MCC their cash requirements and would they be entertaining a PP at any time going forward-it was not in the cards at the time and I got the impression after the dialogue that even MCC thought the stock had gotten a little ahead of itself at the time and were surprised at the meteoric rise off the bottoms of December.
In the hyperbole that some posters get caught up in or play into they gloss over or selectively forget to discuss that typically GOC trials are lengthy in duration-even ones they pay for as with MCC-I expect the one currently underway will run 6mths in duration (or possibly longer-the last one I think was 12mths duration?) and than a review/efficacy (cost and effect) review process will take place and results made public in a NR format by MCC.
Pascoe in my dialogue with him is building the business and have been building their business on the recurring revenue model transformation brick by brick and are doing so methodically.
The story tho some time in the development aspect spanning many years is still early in its mass adoption/rollout/ aspect of things...because it is disruptive technology to the status quo this is not unexpected.
Finally to clear up any of your confusion to MCC ownership...I originally as posted on the MCC thread many moons ago and updated periodically-bought shares in MCC in the .40 range in my registered holdings (RRSP) after it went public-and bought on a couple subsequent purchases for the RRSP contribution-bringing the average price in the RRSP down to the .18 range to break even.
That is like a 3 to 4yr hold of MCC in the RRSP account-just to now break even (read-was dead money for 48mths obviously) vs what a 4mth hold in the trading (CDN Margin) account with a 900% gain?
Unfortunately like I have stated the stock at .015 bid to .025 ask was compelling for a speculative investor purchase considerations-but at that price it also indicated solvency concerns (least for me it did) so ones balls would not only have to be brass to have loaded up but made of teflon against possible total loss as well.
I am cautiously optimistic on MCC by and large because of who is behind the company (Terry Matthews of Newbrdige Networks Canadian Bellweather fame sold to Alcatel for $7.1Billion) and who runs the day to day (Pascoe-also from Newbridge Networks and past Terry Matthews company operations) and like the resource sector AyeYou...IMO you place spec money in the tech space in management first and foremost.
I have not been able to keep current with the blog and updated it let alone stay current on any threads lately as I would have liked to -due to a family related illness.
Happy Easter Sunday-one of the two days of the year we actually attend mass.
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