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4.0¢ auscann group holdings ltd

Ann: AusCann Receives Positive MOC from the U.S. FDA for CPAT-01, page-32

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hoofa

12,533 Posts.

1775

04/03/22

09:33

Post #: 59973461
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Originally posted by amb005 ↑

LoL, or you just bought in more on a nothing announcment and the price has now sunk back lower to what it was.

Remember when you were arguing about how I didnt know what was happening here because I only looked at the figures.

AC8 has approx 11 million AUD in the bank.

AC8 are losing on average 2 million a quarter ( this based on the last 8 quarterlies)

Im well aware of how biotechs work, well aware of the huge cash burn with potential of no return. As Im sure you are too with holding BOT, CPH, ZLD, but AC8s going to be different right? Its pot luck here, maybe they can pull it off maybe go to nothing.

There is no way AC8 is going to end of 2022 without a capraise, mark my words. The market knows this too, they know AC8 are going to be doing a cap raise at a discounted price to the current SP.

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I choose to believe in the developments of this business model and its future.

Short term obstacles are just part of building a business.

Good luck with your investments.

AC8 Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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