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Ann: CEO resignation, page-16

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Rooster7

249 Posts.

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04/02/19

10:47

Post #: 37319544
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Originally posted by CappuccinoMan: ↑

Despite this bad news in the interim, let’s not forget that MMJ has a port valued at roughly $75m and is trading at close to a 30% discount to NTA, great value.

Between now and the appointment of the new CEO, there wasn’t really that much which was going to take place, given the cash reserves were primarily going to be held for operating cashflow purposes - until the SPP was finalised.

Looking at this optimistically, maybe this will give the board a chance to hire somebody more closer to the industry, given JC came in at a time where MMJ wasn’t established as an LIC and was transitioning from a firm which held assets for operational reasons to one which purely invests in other companies.

Sure, there will be maybe a few months of downtime as the new CEO gets up-to-speed, but fundamentally nothing has really changed. Take this as an opportunity to buy in at good value if anything.

Just my two cents,

CappMan

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Does anyone know if this is the Cannabis stock that Port Phillip Pub. has been spruiking in their ads?

MMJ Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Last 4.4¢		Change 0.002(3.57%)		Mkt cap ! $9.148M

Open	High	Low	Value	Volume
4.2¢	4.4¢	4.2¢	$4.886K	113.1K

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No.	Vol.	Price($)
2	152714	4.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	152714	0.042
1	103000	0.041
1	1000000	0.040
1	26800	0.037
1	25000	0.020

Price($)	Vol.	No.
0.045	18000	2
0.047	205000	3
0.049	130000	2
0.050	32967	3
0.058	17840	1

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