Wow, crazy, happening so quickly now. For years been sounding the alarm bells on CAN, even getting people saying "dont be ridiculous" when Im saying CAN will be lucky to survive to year recently. I remember all the back and forths about how much better CAN is because ECS is growing dirty low quality outdoor cannabis lol. So many arguements, but like always , all the bulls just slowly go quiet, company will get delisted, so theres no real reward for being right unless we shorted shares!
Its actually quite sad, and Im more left feeling sorry for the people that management tricks which is majority retail investors, as management are the big winners, a lot of these lifestyle characters walk away having achieved sweet F all but yet their bank accounts grow , unfortunately we got one of these characters on the board with Alex, trying to get more gigs on boards collecting free pay cheques off the backs of investors hard earned cash.
The CAN example is crazy though , really think about it over $220 million has gone in the last 4 years, where has all that cash gone? In comparison even with this recent $4 mill cash raise ECS has only raised $26mill in total and we have a huge cash flow positive business to show for it, huge fields of cannabis and a long future. CAN basically raised 10 times the amount and are in debt and have nothing to show for it except for an uncompetitive glorified warehouse, which is probably going to get sold for $5 mill by administration if they are lucky. Some people made a lot out of CAN but not the shareholders.
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