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MFC Bancorp Ltd. (MXBIF) Message Board

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  • anonymouswizard anonymouswizard Dec 17, 2004 9:25 PM Flag

    MYMX

    Mymx is worth so little that the tax loss is worth far more than the stock if you owned it since the spinoff. It is a highly speculative stock which will most likely become worthless. There is a small posibility of big payoff if some of their drug research is bought by a major drug firm. Without revenue, or reasonable prospects for revenue in near future, there is no way to perform any reasonable valuation.

    Bottom line: IMHO, sell if you need a tax loss this year. Otherwise, it is relatively illiquid. Selling would result in a major commission if small shareholder and major price drop if a large holder. Since the value of my MYMX shares is so miniscule, I have chosen to hold for now.

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