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2.1¢ cann global limited

Holding back, page-107

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128 Posts.

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02/07/18

07:26

Post #: 34071774
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Originally posted by 4hrworkweek ↑

Just wow! Are you not even reading what QBL put out now?

The company dropped a Q&A on the 22/6 and they bring up dividends in that. They have Brought them up also in an Ann last year around launching their food product range.

So you’re worried about my wording here promised? You see I’m worried about the companies ability to deliver meaningful revenue to even cover things like rent of that beautiful Bellevue home. For a company that’s never turned a profit do you not think that announcing dividends is irresponsible? For a company that’s trying to get there foot up in a very competitive market do you not think they should be diverting funds back into the business to ensure their place before they drop the idea of dividends? All things considering like competition and what they are doing, the fact they couldn’t get a licence but dropped another billion shares to get one. And then all these calls on QBL media.. you gotta spend money to make money.. did we pay too much.. yeah we did.. blah blah is this really what you guys want to hear?

So let’s substitute the word promise for announced.. multiple times with no profit ever turned in a highly competitive yet untested market once again at the same time as doing a capital raise. I don’t even know how they can actually do that.

Let’s look at Red Tractor foods and what’s happening there. Firstly on the mobile site you cannot even see hemp products and on the actual website you now can but you couldn’t a few days ago. But after all the talk on products red tractors hulled hemp seeds are imported and packaged in Australia. If you don’t believe me read the details of the product on their website. So that leaves the hemp protein which isn’t the same as hulled hemp seed and is grown with natural products. The other thing I did was go onto the coles website and see if I could actually buy any hemp products online there and I could not. I could not even see them. So your so called big money spinning hulled hemp seeds that actually you provide to Red Tractor are imported. So unless QBL who prides themselves on being purely Australian Grown is either importing these seeds or they are supplied by someone else. The hemp protein they may provide some seeds. But what then are these margins like.. Red Tractor doesn’t mean QBL.. right now QBL owns only 55% of MCL and they own 55% of HHC.. and then with everyone else’s cut including Red Tractor and coles and for a product where loads of people don’t know the difference between high THC and Low THC high CBD cannabis products. How much are they really making from hemp. Then there’s all these other competitors who make and sell the product that you have to compete with.

MM. So let’s look what happens to turn revenue at this new of the biggest in Southern Hemisphere DA approved but not yet fitted out site. Firstly do you have the correct licences to manufacture the product then actually sell to the public? If you do how long till it’s operational? Then how many staff are you going to need to pay and what are the costs of this operation going to be to maintain until it starts drawing revenue? Will another cap raise be needed just to keep it running? Also do Canntab have the licences they need to import and provide? Can they yet sell a product in Canada (mm product not the oil gel caps) then. Also what happens when recreational cannabis is there to the MM industry? AK said himself that recreational will prob be 10times bigger. It won’t be expensive either otherwise that creates an opportunity to the black market and then what about the expense of buying mm products? Won’t it be cheaper to just buy it recreationally to smoke or even to make their own capsules?

Anyway so here and through an Ann QBl have stated that revenue will come through SAS in 2018. That’s the Special Access Scheme. Firstly what dr is going to supply this without any data from trials or that has any proof it can work? Secondly assuming they do how many clients will actually be pushing for this product when for them to get a product through this scheme they need to have attempted to use other products already on the market? Then also assuming Canntab without their import licence yet provides these pills the first million is costs is paid by QBL!

Anyway you get my point why the promise of dividends when you have no revenue.. hows this operation going to pay for itself? For a company that’s never turned a profit and barely any revenue they have jumped the gun in my opinion. There’s enough info to suggest that it could be some time before any real revenue comes in. Next quarterly is going to be interesting. So why announce dividends? Is that reckless? Isn’t that trying to create hype where there isn’t any? Is a ploy purely to draw in people to the stock.

For all those posts of people about I’m holding long term it’s an industry in its infancy, it’s going to be huge, all these things are in place. At what cost to you will this be? Any pump coincides with a dump.. it’s happened on many occasions with this stock. All long term posts are the same. Your reasons come from what the company has announced yet there enough info on govt websites, on partner website, coles online and with info that comes from other listed cannabis companies that this is highly risky. I can’t believe their spin and believe it or not before November 2017 I was a massive fan of this co. A holder saying similar stuff just like the pro people here! But with more experience I’ve learnt the value of doing proper research. I’d only ever stay in this stock to take advantage of the pump and then do what everyone else does and that’s dump.

And for all I’ve said I’ll happily be proven wrong! But to date I still haven’t seen any of the pro company spruikers challenge me on any point.. I have like Bas been called a few names though!

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Yes, I agree, as you said this is a high risk investment in an industry that is in its early stages of development, that is why it is only 3.7c , some companies will survive some will not, we have a long way to go and alot of obstacles to overcome but this industry is coming and all obstacles will eventually be overcome. Risk/reward, how much risk do you want to take, get in now and buy cheep with a higher risk or wait 1-2yrs for less risk but much higher price. I don't really care about the dividends, I will believe it when I see it, at this point I would rather see any dividend money reinvested into the company.

QBL Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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