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4.0¢ auscann group holdings ltd

30c by June, page-326

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jafa360

87 Posts.

5

20/12/20

10:17

Post #: 49708963
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Originally posted by prosperity: ↑

CPH is still a 6.5 bagger, whilst AC8 hasn't even gained 1.5 bags. This is a true dog with fleas and has a register that is as fickle as its management (who are paid ridiculous sums for no output).

I still feel we are expensive even though cash makes up 30% of our market cap. The CPH acquisition would make up an other 30%, leaving the remaining $20m for the value of the existing assets of the company that made $5k last quarter.

This is a junk bond that is probably worth closer to 6 cents. However, sometimes you take a punt on these based on blind faith. Looking at its history, I should've stayed clear of this high overhead business that can't successfully launch a product.

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Well if you had of played the game at issue price in first year and sold at $ 1.60 you wouldn't be too upset would you ?

AC8 Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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