LGP 1.28% 7.7¢ little green pharma ltd

Ann: $2.5m firm order increases expected DEMECAN revenue to $5.7m, page-16

  1. 7,485 Posts.
    lightbulb Created with Sketch. 2895
    Just to help you out a bit, CPH is absolute trash, a money grab by management, they are losing money every quarter, and not trending in the right direction, the last quarter was the biggest loss of $6.3 million, of which $4.3 million went to staff and admin, so staff is paying themselves a majority of the cash, whilst they are not performing at all. They are constantly diluting shareholders by issuing free shares & options, under the amount they need to get approval from shareholders for, and these free shares can then be dumped onto retail holders.

    They have less than 3 quarters of cash left, so will need to do another capital raise soon, at a discounted price, again diluting holders, basically treating the Australian public like an ATM. Keep in mind these directors, not ones you would want to be involved with in the futures.

    IHL great company , but not marijuana producer. Sells oils that they buy and rebrand, but mainly a pharma company with IP, they are looking to list on US exhange which when happens should give the SP another nice boost.

    EOF not a marjuana producer, hemp company.
 
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7.7¢
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