I have reread the above response to the ASX query & I am of the opinion that we need at least one witness on the ground to refute some of this timing and confirm that:
(a) CLI knew as far back as Sept that poundage would be less than 50% of that forecast
(b) CLI knew that frost had damaged the crop on or before the 21st Oct (what about the hand cut colas* & the trimmed flower?)
(c) That DL/CLI knew that the CBD % of the 539 Lb test shipment was very low & did not meet the 8% benchmark as soon as it arrived at DL.
IMO, DL would have been waiting with baited breath praying that it could get out of an overpriced contract and if I were to be DL I would
have the sample tested that day; not later. For DL, the bottom line is that it saved at least $5 mil by CLI being unable to supply.
As I've previously posted, a disgruntled ex-employee would be a good source of info; otherwise that info could cost a heap to get IMO.
All IMO only and shareholders should seek professional advice before taking any action on this matter.
*IMO, the colas would likely have been tested for CBD as soon as they were dry If the colas were 1% of the crop (then still expected to be 900K Lbs) , then that would be 9K Lbs or 4 ton, not an insignificant amount . If they knew that the harvested colas were 1% of the crop by the 21st Oct, then they would have had to know what 100% of the crop was then. There is a big difference between 4 ton of colas & less than 2 ton!
- Forums
- ASX - By Stock
- Ann: Response to ASX Aware Query
I have reread the above response to the ASX query & I am of the...
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OLY (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.8¢ |
Change
-0.002(2.86%) |
Mkt cap ! $4.778M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.8¢ | $100 | 1.429K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.044 |
1 | 12750 | 0.040 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 3 | 1 |
0.084 | 75000 | 2 |
0.089 | 47469 | 1 |
0.090 | 109135 | 4 |
0.095 | 25000 | 1 |
Last trade - 15.32pm 29/03/2024 (20 minute delay) ? |
Featured News
OLY (ASX) Chart |