wow so many surprises.
bank balance 14M???
200K in sales ? Huge increase in sales?
Reduction in cost already in play?
New management coming in?
OK guys, this is starting to look like it's possible to find investors.
Sadly the progress on the medicinal cannabis is very slow.
I also believe that more people need to face the music, the fact we heard about Auberna for 18 months and the deal is done shows a huge failure in the operations of that board.
This can turn around.
Drop everything / india facilities, algae is fine but at capacity etc... focus on hemp, cbd , cattle/ human, potentially malta, and GO.
But FOCUS. It seems we have a new management taking decisive actions and respecting the shareholder with a very toned down presentation of the quarterly update.
Not sure anybody from current management can remain unscathed by the news like Auberna or not being able to sell the biomass and running a factory at overcapacity to sales by so much.
Some were right despite their bad attitudes, this clearly was badly managed.
Thanks to the new people in charge.
Do a Q&A.
But in short, go into either : biofuel, hemp, CBD (cattle or human), efficient canna cultivation (like malta with RGI gro3 technology).
Ditch the rest, focus, restructure and good luck.
Ann: Quarterly Activities Report and Appendix 4C, page-2
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