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Frank Wilson recently stated he believes the pharmaceutical arm...

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jacinkoland

383 Posts.

90

24/03/17

15:55

Post #: 23608038
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Originally posted by threebeez ↑

Quite valid.
Unless Wilson and friends can advise he market soon on how it plans to pay down debt, buy more trees and continue with research funding between now and when sufficient cash low is available, then there is going to be either a rout or a takeover.
i.e. do they plan another equity raising or sell down the valuable pharmaceutical side (for which it is now named)
Without this information, a true value of the company cannot be established. Meanwhile, in the absence of real information the shorter's are in total control of sentiment throwing fundamentals to the wind.
I do not believe the company will become bankrupt - the 1/3 of trees have a value as does the plant and equipment, so $0 is baloney. With full disclosure the company may be worth $1.30?
To me it currently is worth south of $0.80 and north of $.50
I hope it can be clarified soon. When clarified I may buy again.

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Frank Wilson recently stated he believes the pharmaceutical arm alone is worth the company's market cap. I kind of believe him!

QIN Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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