Ann: Trading Halt, page-38

Way to much optimism here.

Just a thought back to the last quarterly on the 26/04; we had decreasing gross profits and a 50% increase in non-production staff costs. Non-production staff costs actually outpaced revenue growth.

Makes it extremely hard to predict profits when net margins are being squeezed.

Giving the "risk free cash rate" is now the equivalent of a PE of 20, a PE for any stock in the volatile Pot industry will be stretched to get 10.

Therefore my estimates would be closer to 4 million profits for 23/24 and MC of 40M with a share price of 4 cents in 12 months time.