I honestly don’t see the company as an shell it had good products which can be good again just needs a lot of further R & D and better sales strategy. They should really be trying to get the remote sensing business to work could easily achieve 10+million an year if the end product is right.
I am heavily involved in advance aerial remote sensing for a few agricultural sectors, and supplier of an few leading weather data predictions equipment. I used to develop the equipment and software but due to competition I choose now leading suppliers. I’ve been following CLI for an longtime, I honestly think they need to though an bunch of monies at further R & D and sales.
The hype around hemp is over the top for the last two years. It is really simple to obtaining license in Australia and overseas in the jurisdiction that allow growing. My research and enquires say it would cost from 5 - 10k to obtain the license weather its for 100ha or 10000ha. The real catch is location where you can grow the hemp and obtaining the seeds. I am an strong believer in hemp especially how most of the plant can be used and sold for an large varieties of uses. I do think profit margins will be slim in years to come as more farms come online positive with hemp you can obtain an few crops a year depending on location.
If it turns into an shell at least it has upside from the losses for whoever obtains it, if that every happens.
CLI Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
