off topic QBL thread, page-47

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Luke164

642 Posts.

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16/01/19

21:04

Post #: 37136795
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Originally posted by big finn ↑

Originally posted by Luke164
Doubt they ever will mate.

If I was new to the hemp processing industry, first thing I would do is try to copy those successful within - giving new entrants a road map by disclosing equipment specifics/providing photos is a leg up that unfortunately (for them) nobody is going to give to the competition.

You wouldn't see tech companies giving out algorithms, which in a sector sense is the IP equivalent here.
G'dayLuke @Luke164Thanksfor your reply. The question needs to be asked: Do you think it's good businesssense to spend $2 Million on a hemp Hulling machine that, lets say canprocess 800kg or more of seeds per hour; given the fact that QBLhave stated they are hoping for a crop size of 500 Tons good value for moneyconsidering that 500/0.8= 625 hours to process a crop of 500 Tons, Also the last reportedcrop by QBL was approx 80 Tons that would have only taken approx 90 Hours or less toprocess thus leaving the Hulling machine idle for approx 11 months of the year?
Below is a link to 1 of Australia's largest hemp specific hulling machines that they say can Dehull approx 800kg of hemp seeds per hour, so I would expect QBL has purchased a far better machine which should be able to process a larger quantity per hour

https://www.ausprimaryhemp.com.au/pages/processing

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Just a quick note - I have not seen anything about $2m cash spent specifically on anything via announcements/financials. Before I start, can anyone direct me to a post/ann that indicates this level of spending?

I don't believe a 2 million spend is correct at all.

Note 33 of the 2018 financial statements states 77,168 advanced to HHC. Note HHC was not consolidated presumably as QBL hadn't finalized acquisition.

The quarterly report did not even stipulate 2m advanced/spent in July to September for the hemp division.

That kind of advance would be material to SP and would warrant an announcement I'd say. And I don't believe they would be able to extend 2m during the relisting review, at least until approval.

I think the whole basis of the question needs review mate.

QBL Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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