A huge potion of this trading halt is due to cleansing notices..Needed to be resolved by Federal Court...Not QBL fault...The updated prospectus announcements are only formality & indicative dates subject to change..Unfortunately the company was at the mercy of the courts scheduling however we can be thankful the matter is now resolved.
The company is still undergoing significant change & with the court affairs aside the company can only now progress the acquisitions & satisfy all ASX requirements.
Investors need to not worry about number of updated prospectus largely out of company control & the bigger picture at hand. Patience & logic are critical.
Focus on harvest yields..Put your self in the farmers shoes..Are they making headway?..How long do I need to give the company to start getting results? I'm of the opinion atleast 24months with crop harvesting.
Once the acquisition goes through we are expecting a fit out of the Medcann facilty by mid next year ..Focus on that.
We are looking for further development of our 'Bonify' MOU.
We are looking for development regarding Canntab.
I'll be watching closely over the next 12 months..Particularly with the mm components.
The hemp I'm watching for signs of progression but again..When I put my CEO hat on I think 24 months is a reasonable timeframe to allow farmers time to see what does & doesn't work..Eventually building to mass scale harvesting .
Keep your finger on the pulse & have your own realistic KPI's for the company to meet.
Evaluate your investment as you need to but keep in mind time is an important factor in the success of many investment.
If in 12 months QBL does not pass my pub test than I too will reconsider my investment but until then I remain focused on the bigger picture.
I'm also flattered so many interesting posters clearly have QBL announcements setup as alerts on their watch list.
Think about that.
QBL Price at posting:
3.7¢ Sentiment: Buy Disclosure: Not Held