MMJ's future, page-2

In short, MMJ had a greater chance to flourish as a company with Canadians investing in a Canadian concern rather than Canadians investing in an Australian company operating within their jurisdiction. Moreover, the Duncan expansion (and the subsequent events) would not have gone ahead without the reverse takeover, Australian investors were tapped out and any attempted CR would’ve been an epic fail. There’s been chatter about a dual listing, but I’m not sold on the idea, it may work for large scale organisations generating revenue, but infant micro/small cap speckies?

H1 buying out MMJ? Perhaps, but very unlikely IMO, but if it did eventuate, it’d be years away as any monies generated by H1 need to be reinvested back into the company, expanding, paying off debt etc. etc. Furthermore, if it did eventuate, surely a buyout price is a premium to any buy in price presently? Aconex? Sirtex? Yet, I’m not sure a company that has stated its intention to be a LIC would sell its entire potential cash cow?

Yeah, disappointing Phase II prelims (final results ARE still pending), but it’s still a nascent industry and MMJ at the very least have hedged their bets by their diversified investments. As a person with diversified investments, it’s all about the risk, and more often than not, during times of stability and/or volatility, there’s one or two investments that take off that cover the losses from another. MMJ management have had the foresight to invest in both recreational and medicinal opportunities that operate in multiple jurisdictions, increasing the inherent safety of their overall investments.

This whole industry is full of smoke and mirrors and I agree MMJ need to lift their game and keep Australian investors informed with clarity and an updated website, but IMO, MMJ are increasing their long term safety net by virtue of their investment strategy to warrant my long term dollars.