Mcfisty,
An interesting point for you to consider, is why would Merchant to commit $3.56m between 5.5c and 6c.He must think there is something unique about these Dolce strains--- how many other cannabinoids can you name that have such low (almost none) THC. And he has seen the in vitro results.
Also consider this:
Andrew Chapman took charge of the Merchant Opportunities fund in around 2013 when it held around $30m of investments. Im not sure how big it is today , however they did buy into BD1 in 6/19 with around 3.17m shares, they increased their holding in 10/19 to 5.17m shares at 60c and then increased to 10.6m shares in 7/20.
These shares today are worth around $2.80 or close the the $30m, what the whole fund was worth in 2013. So I can only assume the fund is now well of $200m www.merchantfunds.com.au . It has materially outperformed the asx small ordinaries index.
The performance of the fund shows his savviness in investing and his investment in BD1 show how he continues to add to positions he is committed to.
Keep watching till will soon be 15c plus.
Cheers
Mcfisty,An interesting point for you to consider, is why would...
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