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4.0¢ auscann group holdings ltd

Exactly..

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jcurve

3,909 Posts.

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19/05/24

17:41

Post #: 73901652
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Originally posted by wasko: ↑

Definitely smells writing off such a large sum for a micro-cap company. Would love to see an explanation as to why management haven't been able to chase those funds down. If they can't be paid back an application can be made to court to have Eurocann wound up and AC8 could takeover their assets to offset the amount owed.

If the merger does go through I don't see why it should be in Eurocann's favour. Perhaps interests aren't aligned (what a surprise).

The merged entity won't be worth greater than $20-$25m based on other industry valuations.

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Exactly.
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AC8 Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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