You would note that CAN announced $8million institutional placement today for 70c a share effectively diluting current shareholders by about 8%. This offered those who take part a huge discount on current CAN price which is $1.21, having dropped 8% in value today. That is a 50c discount per share, wowee. What a slap in the face for current SH. Their cash burn rate is twice the amount of THC's just to keep the place running.
IMO, this is the company to be backing. Am i bullish? Certainly am!
Ann: Response to ASX Appendix 4C Query, page-7
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