View attachment 1187916
View attachment 1187919
I have a few questions too. How do they get to that figure for intangible assets? Also what things are they considering in this line to get to that figure?
I would also like to know if the building not currently yet fitted out is reflected somewhere in the announcement and what the value of that is? Where would I find this plant equipment? Is HHC and their investment there shown in this field or can someone explain where I’d find those details if they are on the ann and I cannot see or point out where I might find this info in previous Ann’s? Have the HHC acquisitions been paid for or is the cap raise covering the upgrades there as well after the fact? This is a question I’m just not sure.. have circled in red?
Also MCL has been running at a loss for the last 3 years and Medcan looks it’s never turned a profit and is totally unproven? How do they get the value of medcan and MCL? Is it just the licences?
A few things highlighed from risks section of note in my view
Uncertainty of future profitability
The Company has incurred losses in the past and it is therefore not possible to evaluate the Company’s future prospects based on past performance. The Company expects that it may continue to make losses in the immediate future. Factors that will determine the Company’s future profitability are its ability to manage its costs and its development and growth strategies, the success of its activities in a competitive market, the actions of competitors and regulatory developments. As a result, the extent of future profits, if any, and the time required to achieve sustainable profitability, is uncertain. In addition, the level of any such future profitability (or loss) cannot be predicted and may vary significantly from period to period.
QBL Acquisition Report 35
How can they say this but also suggest dividends? If the company has made losses in the past when has it ever turned a profit? When has any of MCL, medcan or QBLs mining component made meaningful revenue? How can people make calculated judgements on any of this without details on harvests and without a solid blue print and clear business plan with revenue projections?
Additional Requirements for Capital
The Directors expect that the Company will have sufficient capital resources to enable the Company to achieve its initial business objectives upon settlement of the Proposed Transactions. However, the Directors can give no assurances that such objectives will in fact be met without future borrowings or capital raisings.
The Company’s capital requirements depend on numerous factors. The Company may require further financing in the future. Any additional equity financing will dilute shareholdings, and debt financing, if available, may involve restrictions on financing and operating activities. If the Company is unable to obtain additional financing as needed, it may be required to reduce the scope of its operations.
How on earth based on assets that come along with the acquisitions do they get to 8c for multiple companies that haven’t turned a profit? 3 billion shares on offer !!! Just wow?
