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09/03/19
22:54
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Originally posted by Sparkz918:
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26th Sep 2018: "Cannaglobal is currently exploring opportunities to publicly list on one of the Canadian stock exchanges, which is now materially advanced may occur at some point in the near future ." 4th Oct 2018: ".. Cannaglobal is well advanced i n its plans to list on the Canadian stock exchange" 19th Oct 2018, "... Cannaglobal is well advanced in its plans to publicly list on a Canadian Securities.."Then all in a sudden, 13th Nov 2019 "CannaGlobal is no longer pursuing a public listing on the Canadian due to the m aterial change to North American equity markets during October ." Seriously, I think MXC (including management and shareholders) are all being played. However at that point was a dilemma, as pulling off the whole transaction may cause even more damage to the share price. So without any alternative, MXC just need to suck it up. I feel sorry for MXC management too.. I can't even found what was the "material change" in North American equity markets in last Oct!! All in my opinion...
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Looking fwd to the next financials where MXC will need to show the value of their investment in Cannaglobal as an asset and also revenue flows from cannEpil.