Hmmm, seems like the same is happening with my other holding Cann group, Huge portion of general holders. I feel like there comes a stage in a stocks life cycle where it's run to the ground for the reasons you stated, but then they have an ultimatum to close up shop due to illiquid capital and no support from shareholders OR turn the business around and take some large strategic investors like Sephora and chemist warehouse(although CW could just be a backdoor deal to enrich CW and a few of these people behind the wheels which may be the case. I have followed Sephora for a while now and they are the best small-cap equity fund in Australia IMO. I mean alot of the past issues seem to have been sorted with the CEO change but most likely the reasons for the hack could have been due to the people on the board and all they have done is make a face change..
MCP Price at posting:
70.0¢ Sentiment: Hold Disclosure: Not Held
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