Yes no one likes to see Cap Raisings, especially at all time lows with supposed news around the corner. I hope this SIngapore investor took a good portion meaning most of these shares are in safe hands & won’t be sold for a quick profit.
On another subject, AC8 put out an announcement this morning re Pershing, I’ve pasted below.
13 December 2019 – Leading medicinal cannabis pharmaceutical company AusCann Group Holdings Limited (ASX: AC8) (‘AusCann’ or ‘the Company’) is pleased to advise that it has been reinstated on Pershing Securities Limited (Pershing) Trading Cannabis List.The initial restriction followed the decision from Bank of New York Mellon Corp. (BNY Mellon) to restrict trading in US cannabis-related securities. As a result, BNY Mellon’s local Pershing unit took a similar stance on a number of ASX-listed cannabis securities, including AusCann.Pleasingly, after a thorough review, AusCann was confirmed to be fully compliant under the enhanced cannabis securities policy implemented by BNY Mellon and enforced by Pershing. The Company has been added to Pershing’s trading cannabis list commencing 12 December 2019.
Ann: Roto-Gro completes well supported $2.3m placement, page-6
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