AC8 0.00% 4.0¢ auscann group holdings ltd

Words defy the performance of this board/management group over...

  1. 12,574 Posts.
    lightbulb Created with Sketch. 1789
    Words defy the performance of this board/management group over the years.

    It really is incompetency at the highest level.

    They have used shareholder's cash to command salaries/fees/consulting and all the other add-on expenditures - for years - and delivered an ASX listing on its knees and now delisted.

    ....and I believed this latest goose with his cannabinoid animal concoctions.

    It is now an ASX listing ready to be plundered again by another group of high-flying misfits.

    New name, new story, CR to raise $ 5 million - fat salaries, commissions, fees, consultancy, and all the rest. Quarterlies claiming "progress" until such time as it all hits the fan and then this mob disappears. Once the culture is entrenched these types of listings become a feeding frenzy for those with limited business skills but any eye for making a dollar on working the system.

    "They" know there are enough gamblers/gamblers out there to operate these business models on a good story.

    The kicker for those on the inside is that they get paid on the way through along with a bucket of free shares just in case.
 
watchlist Created with Sketch. Add AC8 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.