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Hey Amb005 when you say Losing $4.1M a quarter what does that...

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abediamond

1,022 Posts.

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19/11/21

12:15

Post #: 57700162
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Originally posted by amb005: ↑

How is this stock worth $1? @$1 the market cap would be around $350 million, how on earth is a company losing $4.1 million a quarter, with $5 mill cash in bank, in debt $18 mill, with management who have blown through $150 million of shareholder money and hasnt delivered a working greenhouse, worth $350 million? Short answer is , the company is not worth that at all.

Why would you sell cheaper than $1? Maybe because you dont want to hold a stock for another 4 years, to see another 4 capital raises, each at a lower and lower price like they have done since 2017 only to see the company go into voluntary administration, after the management has looked after themselves for and paid nicely along the way, and poor shareholders have got zero return. Thats why you would sell under $1.

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Hey Amb005 when you say Losing $4.1M a quarter what does that mean? Is that money going towards anything or..?

I hear they are very close to delivering a working greenhouse though, is that correct?

Last edited by abediamond: 19/11/21

CAN Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.002(5.00%)		Mkt cap ! $19.68M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.1¢	$10.04K	239.6K

Buyers (Bids)

No.	Vol.	Price($)
3	179000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	83306	1

View Market Depth

No.	Vol.	Price($)
3	179000	0.041
7	696062	0.040
8	444596	0.039
7	1022499	0.038
4	303973	0.037

Price($)	Vol.	No.
0.042	83306	1
0.043	971	1
0.044	267488	1
0.045	326845	4
0.048	14000	1

Last trade - 12.36pm 01/11/2024 (20 minute delay)

CAN (ASX) Chart