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4.0¢ hygrovest limited

Ann: MMJ Group invests CAD3.6m in Embark Health Inc., page-25

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18/10/19

16:56

Post #: 40958462
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Originally posted by amb005: ↑

Which is 4.01 m AUD.

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.

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With MMJs 12% being worth 13.8m on paper, the value of Embark is around AUD115m. Seems high, but the extraction capacity they're talking about is 8 times bigger than LABS. I'm not convinced that will be happening anytime soon, but it's ok to dream.

MMJ Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $8.412M

Open	High	Low	Value	Volume
4.0¢	4.0¢	4.0¢	$1.402K	35.05K

Buyers (Bids)

No.	Vol.	Price($)
2	366715	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	366715	0.040
2	215461	0.039
1	135135	0.035
1	40000	0.034
1	30303	0.033

Price($)	Vol.	No.
0.044	10000	1
0.045	60000	1
0.047	20000	1
0.049	130000	2
0.050	52267	2

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