Hi all,
I am not a qualified person to advise you but here i m just giving my input on what I feel could be the outlook for CMY.
1. BBY is involved with the deal from day one, intact they have been trying to put all the pieces to gather :
Ref:
http://www.smh.com.au/business/mark...-cannabis-to-list-on-asx-20150309-13y62e.html
2. If they thought the company had no prospect I assume they would not put their reputation on the line.
3. Having monitoring the movements for the share from 9march when the announcement was made till date, all I feel they have got the number of shares they need at a price they need before the consolidation. Having said so, I feel they either have the institutional investors backing to make up the IPO money to raise, and they feel the value for the company is surely much more than it is currently viewed at.
4. They still have the mining assets I am sure its worth more than zero i suppose and BCC has close to 1.5mill wholesale contracts
5. Most the purchase deal is bought through stock and options. I mean sure they should tell you something, if you where ready to take stock option as remuneration for the company would you have some faith in the prospect of the company.
Do your own research, all i wish to say its a high risk high reward but I am not here to advise anyone I am just simplifying the facts and summarising the news.
Good luck
