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4.0¢ auscann group holdings ltd

Hard Shell, page-13

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4,332 Posts.

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20/03/20

09:55

Post #: 43599127
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Originally posted by RennyKogers: ↑

if it falls below 10c (not saying it won’t happen), this whole industry is in dire straights. A few more will be sub 10 before these guys I think. Cash is king at the moment and they’ve got plenty of it. Others are running out, if they haven’t already, and trying to raise in these times will be diff koi icult.

Crops will be worthless, so should make ingredients cheaper. Companies desperate for work, so any new outsourcing will be cheap. They’re in a pretty good position really to handle all this. Got the right people on board too.

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Cash burn of 5 million a 1\4
That gives them 12 months of funding. What happens after the cash is exhausted ?
When do they go to market for a CR? 6 months time?

AC8 Price at posting: 18.0¢ Sentiment: Sell Disclosure: Not Held
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