If these guys had any conscience, they would: 1. Reveal interim sales for this quarter (surely it exceeds $5K) 2. Close out the CannPal acquisition 3. Do a presentation that explains the TGA ruling and the favourable US acceptance of CBDs. But these guys clearly don't see a way forward at the moment.
Their SP has dropped 12.5 cents or over 40% in days and is close to all time lows.
Cash keeps dwindling to nothing a CR must be imminent. Directors don't deserve a mint for delivering Jack Squat.
How a company as small as AC8 has chewed through so much cash is something that requires an independent audit! The next CR will dilute capital to oblivion and then AC8 can assume junk status.
AC8 Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
