CP1 0.00% 17.0¢ cannpal animal therapeutics limited

Don't let CP1 become AC8?, page-4

  1. 125 Posts.
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    My point is (with the added 5m for the 1-1.3 conversion) it values the combined entity at $80m at current values.
    AC8 has $15m cash and draining $2m a quarter.
    CP1 has about 1m in cash draining .5m a quarter.
    Combined $16m in cash and draining 2.5m a quarter, so approx 6 quarters till they run out of cash.
    AC8 facilities $12m.
    Combined $28m and dropping 2.5 m a quarter.
    Zero income atm and no sign of any income from AC8 for a LONG LONG time.
    ......I'd prefer to have $80m and invest elsewhere than the above.
    Don't get me wrong, I like CP1, they are worth at least their current valuation of $15m and have potential, it's just the AC8 $65m ($60m + $5m extra for 1-1.3 takeover) that lacks any real value.
 
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