MGZ 0.00% 2.0¢ medigard limited

Ann: Letter to Shareholders, page-3

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ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,839 Posts.
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    I have to admit I am disappointed with this one .... held the stock a long time ago .... took ages to acquire a position, .... went to that trouble because I believed in the company..... then took ages to get out [breakeven].

    Been watching for about 2 years since .... then I see they come out with a statement saying they have had issues maintaining the vacuum in plastic .... that was now fixed ... but it means a higher production cost. I am peeved ... when I was in the stock I made a number of calls to the company and on that basis took a useful position, never any hint there might be an issue with the design.

    Bottom line .... they were not market ready .... and maybe that's still the case.
 
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Currently unlisted public company.

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