Ann: Share Purchase Plan, page-15

You would have to think hard about selling or not if there is a decent pop today or any day. Assuming that they want the share price to be above 17c before the closing day of the SPP, and they someow achieve this, what might be the range? 17.5c - 19c? It has to be at least 15% above 17c otherwise it's not worth taking the risk at all. And the chance is big that the shareprice will get under 17c once the selling starts in earnest as people who want a quick profit or those who wants to sell and get back in later or just to get out jump in. 11th Dec is quite far away!



If the past is any guide, a rally is likely to be sold off by the afternoon on the same day! TGA announcement may cause a pop but it won't last over 1 day. In the USA and Europe, CBD oil is widely available over the ocunter yet Elixinol is not really doiing any business there! They ave said it all along that "inferior" products are everywhere and there is no regulation to control this. So, Australian market will not make any difference.

Have a look at this

https://www.sydney.edu.au/news-opinion/news/2020/09/16/Australia-unprepared-for-over-the-counter-medical-cannabis-sales.html

I think Aus market is too small anyway. Once it opens up, almost 100% of the oil will come from overseas where the labour is cheap. There will be so many brands that Elixinol will be just one of them. Pharmarcists will just order them directly from overseas and sell them over the counter. There is no way Elixinol will command a high margin over the other brands.