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Poo21wtd

167 Posts.

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21/04/21

17:49

Post #: 52629135
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Originally posted by amb005: ↑

Whatever their cost is, its going to be a lot more than .60cents a gram , which is what ECS is currently producing at with their outdoor grow.

They had 78 million in 2017 remember? They did a cap raise at $2.50 to build a greenhouse three times the size of the one they still havent built. But yet they squandered that money and did another cap raise for $40.2 mill in 2020, still havent got a third of the greenhouse built that they planned for in 2017. Yep wise investment with this group , high cost producer thats currently only producing 1200 kg a year, less than both other cultivators listed on the ASX :S

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The management has been worst than a disgrace..theyve had the money the time and best opportunities..I don't know why they steal investors money for there own pockets.. investors should team up and get rid of tham all.. they should have a huge greenhouse with contracts with American companies and Cron and green thumb industries and be Australia's biggest and well ahead as they had license and money 3 plus years ago..

CAN Price at posting: 51.0¢ Sentiment: None Disclosure: Not Held
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