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!
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