Hi everyone buy some more shares so Andrew and his mates can...

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Thaliat

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01/01/24

12:46

Post #: 71681083
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Originally posted by AusCannOfficial: ↑

Hi All,

The plans for 2024 are the following:

1. Rights issue to raise $3.2m at 1.6 cents per share. This was the price the auditor valued the stock at on June 30th despite the loan to EuroCann in good standing so we have elected to use this price as the basis for a rights issue. You can apply for stock at this level if you choose to do so. Timeline will be launched in January and complete 6-8 weeks after launch. More information to follow very early in Jan 24.

2. Complete the merger of AC8 and EuroCann (100% owner of HAPA Pharm in Germany), this will take a 3-4 months from here. Paperwork is with the lawyers now and in the process and all resolutions will be voted on by us shareholders in time. If you follow AC8 announcements over the last year - AC8 has undergone a "loan to own" strategy with HAPA and this is now starting to complete.

3. Once stage 2 is complete - Re-list.

The funds will be used to complete the acquisition and have the minimum amount required in the tin to relist so we shouldn't have to go out and raise further funds from investors outside the current register. It will also give shareholders the right to apply for shares at a price that we think was unjust, however this is where the auditor settled on.

If you elect not to take up the rights, the board will reserve the right to place them to other parties.

None of this is without risk but this is what we have been working on for sometime and as its getting toward the pointy end and a lot more information will start coming to all shareholders, we can start an active dialogue here on it.

Happy New Year - 2024 will surely be better than 2023 for Medical Cannabis stocks in my opinion anyway - as it certainly can't get much worse!

Andrew.

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Hi everyone buy some more shares so Andrew and his mates can keep paying themselves wages, that will make 2024 awesome LOL BAAAAHHHHHHHH

Now I have heard it all, hey Andrew why don't you stump up the money?

And if you and your team are going to participate? how much are you throwing at this?

Let's all give our money to Andrew shall we!

AC8 Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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Hi everyone buy some more shares so Andrew and his mates can...

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

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Hi everyone buy some more shares so Andrew and his mates can...

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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