Massive existing shareholder dilution has occured since delisting with hundreds of millions of shares issued. From the Eurocann 2022 annual report new share issues were done at $0.05 and $0.01 partly to settle liabilities, partly as capital raisings.
1PG delisted with about 150 Mil shares @ $0.165 per share Lets look as last reported management share holdings (dec 2022) McGrouther 52 Mil plus Chapman 219 Mil plus Pendon 178 Mil plus
A merger with Auscann will only benefit Chapman and crew. Disgusting! Tthough, they will argue they have supported Eurocann financially, just as Auscann is at this very moment. With interest of course ! OR share based payments!
Did anyone other than KMP+ mates get an opportunity in capital raisings @ $0.01 ??
1PG Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
