The difference seems to be that AC8 and CAN are able to secure tens of millions of dollars in funding through capital raising with absolute ease at a decent price. At this point, QBL’s sp is under half of the proposed capital raise price. Revenue doesn’t matter to CAN when they are about to fit out a 100million dollar facility. Not talking these company’s up, just stating the absolute obvious.
Now, this is where revenue comes into play for QBL, cause that’s about all they’ve got that can bring this back. If they produce some strong revenue, give us harvest details and revenue projections for the upcoming harvest and growth potential from larger crops down the track, they could get a decent capital raise no problems at all. That’s the golden question though, are we going to these announcements we have been chasing for so long now?
QBL Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held