Australia's largest stock trading and investment forum Australia's #1 stock forum

AC8

Click for more information

0.00%

4.0¢ auscann group holdings ltd

Ann: Long Term Suspended Entities, page-28

First 28 Last

Share
Profile

Follow
seahunt

4,387 Posts.

472

16/07/24

09:05

Post #: 74767781
Share

Originally posted by AusCannOfficial: ↑

Hi all,

I am still in Germany but yes, it looks like we won't meet the deadline to relisting before August in my view. It is more of a cost/benefit scenario at the moment, we as a board have elected to save the $700k odd in lawyers fees and accounting plus ASX charges and get the business in better shape before coming back onto the market. At that time you will all have the same opportunity as new money coming in to reset if you chose to do so.

The intention is to get it listed asap but not at any price which is the most responsible thing to do for ALL shareholders at this time.

We have removed the HAPA distribution side of the business to save cost and have elected to run it ourselves hence why I am still here in Europe.

More news to follow.

Regards,
Andrew

Expand

Got any more excuses?
Just say that you have screwed the pooch.
All the bedtime stories you tell are outrageous.
Not one thing you have said about relisting has come to fruition.

AC8 Price at posting: 4.0¢ Sentiment: Sell Disclosure: Not Held
9 Upvote

0 Great analysis

Reply

Top Stories

Superannuation Essentials: Building Wealth for Your Retirement

WTC

A sex scandal is unlikely to hurt Australia's tech crown jewel – just look at trades

BTH

Bigtincan bounces 9% after $409M merger proposal sets stage for Nasdaq listing

KAU

Kaiser Reef sets up $8M capital raising to boost expansion at A1 gold mine

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 43 more messages in this thread...

First 28 Last

Add AC8 (ASX) to my watchlist

SPONSORED BY