We have 12 million AUD cash left, after this am I right to say 8 mill? Dont know how we went from 20 million to 8 million , when we did 4 million AUD here and 6.7 AUD million in weedmd, they didnt put the 1.3 million into the buyback so curious where we lost the other money.
3.3 million to 9.8 million is 2.97 times
So because this is not listed investment with embark just the book values are used, lets say the 3.3 million is at 10cents, and now book value recent is 29.7 cents. We invested 3.3 mill @ 10cents, and now 4 million @ 29.7 cents. So we got 12% for $7.3 million aud, we valuing Embark health at 60.8 million market cap, which does seem very high valuation, dont know how real you can say that return is, all paper.
MMJ Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
