What a joke of a company. After doing another cap raise of 18.69...

What a joke of a company.

After doing another cap raise of 18.69 million, still ends the quarter with only 5 million cash. Plant still not finished but spent another 22 million on the plant (only taken 4 years to not even finish a third of the planned greenhouse.)

And when its all said and done, they will be producing an over priced product, indoor grows cost huge compared to outdoor, especially in Australia when your looking at high energy and labour cost, in a country where its perfect for outdoor grows, which other ASX listed companies are taking advantage of.

Feel sorry for holders that are holding this for years, and still under IPO price, and getting dilution after dilution with cap raise after cap raise, whilst directors paying themselves out nice salaries.