Some of you posters need to calm down and do some serious research on QBL.
If this trading halt relates to medicinal cannabis with pills? Samples untested by unknown american chemists recommended by unamed Istaeli mates of Shalom and other Israeli descended directors and QBL commentators be very careful. QbL owns what % of MCL? MCL have what interest in VitaHemp, Vita cann' and all the other names brandished around in company announcements?
Its just a company with mediocre bauxite results pumping its cannabis business to heights greather than earned. So far.
Company directors have bad track records...plenty of earlier posts on qbl threads"..
Read this 11 december announcement as what to me is a shameful example of hype rather than investment worthy fact. Read the 11 december announcement carefully ...un named parties, unQualified russian commentators...whole pile of hype and nonsense by people poorly equipped to release credible asx announcements.
Heres the words...
"The Board at Queensland Bauxite (ASX:QBL) is excited with the recent success and progress of its investment in Medical Cannabis Ltd (“MCL” or “the Company”), particularly as the medicinal focused arm of that Company, Vitacann, has signed a Letter of Intent for a joint venture subject to full documentation with an Israeli recommended group of North American chemists who have put together what we understand to be a world first in the Medical Cannabis industry.
The group has devised and has manufactured a sample range of patent pending GMP quality short and extended release pain relieving pills (not capsules) from the cannabis plant, and has offered the Company the opportunity to test and exclusively market the pill in Australasia.
The funding for this groundbreaking undertaking will be shared by both parties to the JV (the Group), with the initial $1M to be invested first by the Company, and any profits of the JV to be shared equally.
As quoted by Professor Oded Shoseyov, Head of Cannabis Research at Hebrew University on July 18 2017 at a conference in Sydney, pain relief formulations, with research and the application of newly designed equipment, can be replicated for much cheaper with use of the cannabis plan "
.
Who the heck is professor Oded Shoseyov...? Who we sharing costs with?.how come we only get to market in australasia not europe Usa etc. australian authorities may never approve it ? let alone Indonesia where you get shot for evenn thinkng about gunja. Where ate professor shosheysovs scientifically accredited papers and research publications? Sorry the whole show looks like a cleverally executed plan by israeli connected parties.
Bad fox!
Read it fast maybe be censored?
Just make money from any short term Sp Hikes if you can. Othetwise be very cateful.
Fox
QBL Price at posting:
5.2¢ Sentiment: Hold Disclosure: Not Held
