This is worse than I expected:
They spent $300k on a brand new startup (cannadoc) and loaned it $1m dollars.
They have only made $44k worth of product sales in a quarter!!
based on the fact that this was almost
certainly a purchase of CAU product by cannadoc, it is effectively a related party transaction.
They have managed to blow $900,000 in one quarter on operating expenses of which almost half is on fat cat salaries of the 2 or 3 staff they have.
Mind blowing in terms of how blatant this "lifestyle business" is and appears to be taking shareholders for a ride.
This is worse than I expected:They spent $300k on a brand new...
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Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $55.85M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $23.72K | 240.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 162123 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| VIT (ASX) Chart |