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elit

13,316 Posts.

168

30/07/18

10:17

Post #: 34619832
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Originally posted by gutumike ↑

It's an interestingly worded announcement, one which could be either good or bad. The fact that they have not indicated anything good in the ann would suggest that it might be bad rather than good, in which case it could be that some element of the acquisitions deal has unravelled.

That possibility was one of the reasons why I decided to sell and sit on the sidelines, because I feared that if the much hyped acquisitions package collapsed, the SP would collapse with it.

For the sake of QBL and for the MC market in general, let's hope that they are 'under-hyping' for a change. The MC market sees to be going through a bit of a 'wait and see' phase at the moment, waiting for the quarterlies and some achieved revenue figures, and pointers to future earnings.

Some of the ASX listed cannabis/hemp stocks should have improved revenues for the last quarter, and we'll soon be able to start making some realistic comparisons. I think that a couple of the higher SP stocks might not stack up too well in the comparison.

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yes I agree this news had nothing positive mentioned in any wording so could certainly go either way...

QBL Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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