Medcan have entered into a binding Heads of agreement for QBL to...

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Ex Oyster farmer

543 Posts.

152

19/07/18

09:21

Post #: 34439364
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Originally posted by Basileus ↑

Agree - I think this is going to be another pump and dump. Time and trading will answer that question today.

I have a question for all of those who were cheering this "brilliant news".

Anyway, on to my question.

I have looked through a lot of material and one question keeps coming up - why does Medcan need QBL - what's the advantage for Medcan?

I can find no commercial reason why the owners of Medcan would even consider getting into an arrangement with a subsidiary (MCL) of a company (QBL) that has been merely existing on the fringes of the spec market for 10+ years.

Can anyone please confirm whether QBL has ever generated one cent of income from anything other than share issues and cap raising programs?

Ask yourself;

If you owned Medcan why would you sell your company to MCL (QBL) if you were confident of achieving medium term success?

If you owned Medcan would you not build the base of the company (acquire licences and sell product = income) and then sell for a higher price.

Where is the advantage in selling out to MCL (QBL)?

Hmmm .....

Expand

Medcan have entered into a binding Heads of agreement for QBL to acquire 100% interest!

Medcan obviously see QBL as the best way to drive the company forward!

BAS you obviously see this 100% acquisition of Medcan by QBL as a good deal for QBL?

QBL Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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