Of course I have positive things to say. I’m a huge fan of what the hemp industry can do in Australia. My main reason for being so interested in QBL is because I believe that low thc hemp will be way more useful than cannabis. It’s the cbd component which is of most value. Then there’s opportunities to make insdustrial products and by setting up and using mop crops to clean up the environment. I also really like AK. He’s one of the main reasons hemp food laws have changed. But on the flip side these guys get a lot of the most simple things wrong and it throws massive doubt into my mind. I see them trying to expand and open up all areas of business. Website and branding and all these things are very important. You need these things to capture the sales. They aren’t the only players in hemp or mm. They are competing with some other really great companies. I did hold MXC, EVE and ZLD and MMJ and made profit on all of them. QBL I held at 0.009c and made bucketloads of money and I want to jump back in when I see there’s a real chance for long term sustainable growth but I don’t see market leaders with QBL. I want to see that but I don’t. I hope management read this stuff. Because the positive stuff is great and all and it might make the sp jump but if things aren’t made right it’ll come crashing right back down. Dividends call was the biggest red flag for me. To date they haven’t made a profit. In the latest Ann they have to fork out 100% of expenses for first
Million before canntab contribute. I see poorly designed logos and cheap websites that a savvy kid could do better. I see these hyped up Anne’s and no real revenue coming forward for some time. I see missed opportunities having gone to expo last may and heard from AK himself that website was a few weeks away.. that was in May. When hemp food was legalised they still weren’t ready. Anyway who went to hemp expo could have easily bought hemp products. I did I bought Hemp Food Australia product so I could learn about hemp and it’s tastes and uses. I only bought that cause that’s all that was there. I bet Melbourne expo had many hemp food products available and not just vitahemp and hempfoods Australia. Bauxite side has been in limbo for years and the company hasn’t turned a profit in how long? Right now I see a lot of expenses and I don’t see any financial deals in place like MXC have.. I want to buy in but this stock is risky. Really risky imo. Who are canntab? They aren’t the biggest in Canada. Also they have just changed laws there so from something like 40 licences given to 180 licences given.. the industry is growing but there’s going to be way more players. I follow all the pot stocks but I’m more interested in hemp. If I can see QBL actually follow through with some strong sales I’ll be on board but the seeds of doubt are cast when the company claim to be market leaders but fail to get simple things right. Also with no realised financial gain I feel like the sidelines is best for me. I may dabble to make a quick buck but I don’t short. I don’t want to take Mum and dad investor money. I’d rather see these guys get somewhere but I’m far from convinced. But tomorrow the SP could rocket and if it did I want be disappointed for anyone. But as some one who wants to see these guys nail
It and be one of the best mm/hemp companies I’ll call them out on lame efforts and make them accountable for dividends. The sp will rise but to keep it up will take solid revenue and eventually profit. If they can’t make profit then this is just another pumped up penny! Anyway I see a ways to go yet. I’ll happily keep researching and laying down what I find. I know as holders you hate in when someone is negative but I hate it when people get taken for a ride. My research isn’t perfect but I do make the effort to find out more by looking for articles and reading partner websites and following competition because if you want to invest you do that. First thing I did was long for canntab and try figure out about these guys.. linked with Emblem is prob biggest draw card but they aren’t doing so well.. I’d be stoked if it was another one of the big companies like Aurora or someone like that.. canntab though I don’t know who they are? But if I learn more I’ll pass it on. Good or bad!
QBL Price at posting:
5.2¢ Sentiment: Sell Disclosure: Not Held