Australia's largest stock trading and investment forum Australia's #1 stock forum

ECS

Click for more information

0.00%

1.7¢ ecs botanics holdings ltd

I don't know much about the ins and outs of CAN....and I feel...

First 25 Last

Share
Profile

Follow
Rhino1963

2,804 Posts.

2469

30/07/23

17:27

Post #: 69063524
Share

Originally posted by amb005: ↑

I really wonder about the decision making there too from NAB. Anyone looking at their financial statements could see there was no way to pay off debt, let alone that huge amount, there was no financial model in place that projected positive cash flow. Very curious how the deal got done.

To think that CAN have spent over $220 million since Sept 2019, $60 mill of that debt. Yet only have a glorified warehouse to show for it, the exact same facilities costs fractions of what CAN spent. A year or so ago there was a flurry of directors and CFO leaving the company, then the CEO leaving. I suspect if there was some deeper investigations, there might be some interesting invoices and connections uncovered.

There was just too much money spent on the facility, way over the costs to build, I bet CAN directors are hoping there arent some investigative journalists or disgruntled shareholders digging deeper.

Expand

I don't know much about the ins and outs of CAN.
...and I feel for the investors.
If previous directors signed guarantees for the NAB loans they might be nervous right now.

ECS Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

3 stocks with antimony news on Thursday

CU6

Clarity progresses SECuRE trial with positive safety results

There are more pages in this discussion • 401 more messages in this thread...

First 25 Last

Add ECS (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $21.90M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.6¢	$1.651K	103K

Buyers (Bids)

No.	Vol.	Price($)
6	865197	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	327107	3

View Market Depth

No.	Vol.	Price($)
6	865197	0.016
13	3950646	0.015
10	2267071	0.014
8	2358673	0.013
3	92001	0.012

Price($)	Vol.	No.
0.017	327107	3
0.018	865836	7
0.019	667874	2
0.020	954251	8
0.021	1797308	6

Last trade - 14.34pm 12/09/2024 (20 minute delay)

ECS (ASX) Chart