The big issue is the crop:
-pondage & CBD%age.
The rest is likely a liquidity issue & the timing of subsequent sales.
There is no mention of the DL deal so, IMO, we can assume that that contract is being met.
The Sept Quarterly seems to confirm DL inome @ $300K/week from the end of Oct
and give credence to a tweet at the end of Oct.
There has been lots of speculation here about the SP but very little rationale to back it up.
In the longer term, CLI's SP will be determined by the value of its current crop and its
credible business plan for 2020 & beyond.
Those who panic and sell on Friday will do what's best for them and it will it will give others who
have a better idea of CLI's forward fundamentals a buying opportunity.
All IMO only and investors are advised to do their own DD and consult a financial advisor before making any investment decision.
Cheers
MM
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Open | High | Low | Value | Volume |
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3 | 140276 | 3.7¢ |
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Price($) | Vol. | No. |
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1 | 51001 | 0.036 |
2 | 100183 | 0.030 |
1 | 22292 | 0.028 |
1 | 400000 | 0.026 |
Price($) | Vol. | No. |
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0.044 | 135127 | 1 |
0.045 | 73251 | 3 |
0.047 | 48695 | 1 |
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