"What are they doing on a daily basis at those offices" maybe on...

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Cylon

121 Posts.

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01/02/23

13:51

Post #: 66006037
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Originally posted by amb005: ↑

What a disaster this company has turned out to be.

Further non commital waffle about being reinstated "The Company continues to progress due diligence in relation to the proposed transaction and AusCann will provide the market with further updates in relation to the Proposed Transaction in due course." Due course, its only been 5 months, how much longer do they need ?! What are they doing on a daily basis at those offices?

More of this "the conditional contract lapsed as a result of incomplete due diligence within the allocated timeline."

Just utter incompetence.

AC8 had $11.4 million cash in bank December last year, this December they have $ 0.629 mill. Basically spent$11 million in 2022, whilst being suspended for half the year. Let that sink in.

What do shareholders have to show for it? As it is shareholders $11 mill that they spent. What we have to show is a company that holders can not even get out of if they wanted to as the company has been suspended from trading due to the decision making of management, and I use the term managment loosely, there has been no real thought in any decision making here, market cap , share price and cash in bank reflects that. Biggest winner has been management and board members who are starting to abondon ship , but got paid all these years with shareholders money.

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"What are they doing on a daily basis at those offices" maybe on extended..... leave!

AC8 Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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"What are they doing on a daily basis at those offices" maybe on...

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