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AC8 auscann group holdings ltd

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Will we see a drop shortly, page-18

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Matt Adl

1,196 Posts.

30/03/17

16:56

Post #: 23747667
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Originally posted by Medicca71 ↑

At the end of the day, the share price can dip and rise like the others (has only been steadily rising which is a better sign ) - however the company sentiment and plans aren't changing. Waiting now on a really nice Ann to clarify what we will be tackling in the coming future and possible sale prices for their harvest in Chile and an update on importing cannabis from Canopy.

Hopefully an update on these pointers from last ann:
23 FEBRUARY 2017
• AusCann welcomes Federal Government’s move to facilitate faster access to medical cannabis for patients
• Government to expedite the authorisation process for the controlled importation by approved providers to enable patients to more rapidly access the medication

16 FEBRUARY 2017
• AusCann intends to import high quality cannabis medicines from its partner Canopy Corporation, one of the world’s largest medicinal cannabis companies, and following this announcement, its process for importing has become more streamlined.
• The news propels AusCann’s strategy to deliver high quality, cost effective medicinal cannabis treatments to Australian patients. Eight different strains are being grown providing a range of chemical entities/ chemotypes to be used in trial formulations
• Product intended to be sold to third parties for use in a range of clinical trials later this year
• Successful trials will result in product registration driving demand and subsequent commercial sales.

A good announcement on most of these pointers that they have been working on will begin to turn heads. The key pointer I'm expecting to see would be anything to do with revenue. I want to see us making coin off our back.

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100% correct

Originally posted by Stegep99 ↑

@Matt Adl
Thanks for your take too, I absolutely agree with you on why the other stocks are doing what they are doing and why they are moving as they are moving. There is always a fair, plain and simple reason.
I was more so just being general with these other MM stocks, I feel AC8 is perfectly situated with all the I's dotted and T's crossed. And Board members with all the right credentials. IMO the fear around these AC8 threads are unwarranted as, hell I think it was your comment said and Im not quoting, they will ebb and flow as all stocks do, the fear just permeates through here and there is no need.
I am fairly new to this game so dont take my comments as some kind of quasi intelectual know-it-all, I just wanted to address this thread with something occams razor-esque statements that regardless we have all invested in absolute quality!
Also as a newbie I only think in terms of long term investments, not in terms of accumulation points and sell off points, as for me I would die of stress if I traded that way, and have never put money on a winning horse. But the way you put it makes me realise that the game your playing will win you a lot more money in the bank, than sitting on the egg hoping it hatches.
Thanks again Matt, this time of day makes me so sad, bring on 10am tomorrow!!!!

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No worries, I work on averages and bought in quite low..so at 80c took some profits then spent all of the sale/profit to accumulate and only slightly raise my average at a low point (50c, it dipped to 47c).

I try to sell on what I think are going to be significant spikes during this volatile period and when I know the share price will have a significant retrace. For example I have not traded on the 95c high we just had because as Medicca stated announcements are imminent.

Others are just holding long with no selling since 21c I know, but that is not really my style of trading until a stock settles (mostly because I have dividend stocks for the long hold), each to their own.

GLHF

AC8 Price at posting: 88.0¢ Sentiment: Hold Disclosure: Held
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