Recovery in SP? What world are you living in ? CAN was trading at .38 prior to CR announcement and now trading at 32.5. Thats a 15% loss, hardly a recovery.
And negative posts stop because they commented on the news , you want the same points spelt to you every day?
Management that spent 130 million in 4 years, have not even finished the reduced project 1/3 size of the original proposed greenhouse.
Every single capital raise CAN has even done is under water, this one is on track to be the same, management said they were well funded for the next 12 months and beyond, this was less than a year ago and then they need to do another CR less than a year later.
They lose money in vague and poorly explained ways with online fraud (maybe not on them, but odd hasnt happened to other asx listed companies only this management) One of the only products they sell had to be recalled due to contaminants.
Burnt through 13 mill last quarter, only got another 13 to go with this last CR not including SPP funds, so only another quarter of cash burn. Why did management choose to dilute holders at a huge discount rather than draw on bank facility.
You want me to go on with the negatives? this management does not make it hard.
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Open | High | Low | Value | Volume |
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6 | 679350 | 0.027 |
6 | 389499 | 0.026 |
10 | 1065000 | 0.025 |
1 | 125041 | 0.024 |
Price($) | Vol. | No. |
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0.030 | 1470 | 1 |
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