CGB 0.00% 2.1¢ cann global limited

Thanks Mike..fair call. Every individual has the right to...

  1. 3,871 Posts.
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    Thanks Mike..fair call.

    Every individual has the right to invest/divest how they see fit & each holder will have different interpretations of announcements/performance of a company.

    I think the company will be planning a more robust quarterly report for everyone to digest & perhaps today's announcement was an attempt to satisfy in the interim, it hit the mark with some & missed with others.

    I'm content with today's announcement because it resonates with my expectations.

    I quietly suspected that the harvest may not be as straightforward or easy as some investors had hoped but you never know at the same time.

    I also hadn't planned on seeing any meaningful revenue for the first 1-2 years.

    The MCL acquisition is fair imo, if you analyze the current profit sharing model of 55/45% theoretically we may aswell have the increased number of shares on issue.

    The acquisition of MCL just simplifies the business model in my mind, more attractive to investors & potential business partners over the long run.

    My only hesitation to date would be the 1 million per year over 3 years to Isreal for the research agreement, mainly can we afford it at this stage but in saying this it hasn't kept me awake.

    All the best Mike.
 
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