I am not trying to scare people but these facts speak volumes:
Aug 2019 - $2.02
Sep 2019 - $1.75
Oct 2019 - $1.38
Nov 2019 - $0.78
The up-rampers have been continuously saying"It's gonna bounce back" or "keep averaging down". IT's NEVER HAPPENING!
Lets face - its not bouncing - its only going one way.
This stock will be likely down to 40c before the end of the year.
Is it better for CAN to proactively sell the unbuilt facility and land and then use this to recapitalise the business and focus on downstream activities?
The dithering exec team have never managed to get a single home-grown product to market after burning through $100M's of investor money over 2 and a half years. Little Green Pharma and ANTG have both managed to grow locally and get product to patients with minimal cash burn.
There is a clear path of incompetence and underperformance which is now reflected in the stock price.
How do we sack the exec team and bring in more competent folk?
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