Up or down would depend on how investors feel about the company....

Up or down would depend on how investors feel about the company. In case of recent share placement of Wise Tech, the share price was around 14 after falling off a peak of around 16, a big placement of 100m worth of its share to a big investor at around $13 caused the share to run up to 17.5 over a couple of weeks. That's about 30% above the placement price.

AusCann needs to have clinical trials and research to develop best growing techniques and varieties of the plants. All this is part of the maturing process to reach the market with real products and firming up the supply chain.

I feel there will be an initial drop too. It the floor is set at 1.10 for a while by the look of it. This is a very volatile stock so 1.10 - 1.50 is a probably the range for the next 6 months.