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clock Created with Sketch. 23/01/19
18:58
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Originally posted by dmaivn:
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My main gripe with AusCann is why it's so slow in everything? It raised the money a long time ago. It claimed to have a method to produce stable capsules. One cannot claim this unless a small quantity has been produced in the lab. It's very easy to produce a few thousand capsules in a small lab. So why they do not have clinical trials already set up. There is zero info about arrangements for trials let alone having the trials carried out. Common sense dictates that you produce a small amounts for trials. Once the trials prove to be successful, you would move to production and marketing. If they are talking about H1 2019 just to have some capsules produced for trials then it will be a very long time to wait for product to be ready for the market. They have a model that outsourced so much to other parties. The core of activities that AusCann is supposed to do entirely on their own looks very slow moving. It's not clear if AusCann is doing anything at all. It it were me, I would have got 1-2 crops of plants grown with the genetics that they imported a while ago. AusCann did not even announce the setup of greenhouses. So what is the master grower that they imported last year doing now? Is he temporarily working at a sheep farm waiting for management to decide what to next? It's not transparent at all.
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Very well said @dmaivn . I hope within the next month we will have a new CEO and some decent directing from him/her. If this does not happen and the selling starts after the escrow shares, we will be in for a scary ride. I for one will be accumulating the whole way down as I believe this company has a great future IF the cards are played right and played a little faster than the past and present. Let's hope Q1 with some sales is a decently card. I do not believe we will see 20c unless the unfathomable happens. Which then I will eat my words and continue to accumulate nevertheless
(20min delay)