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0.00% 2.1¢ cann global limited

Trading 25% ABOVE cash backing

  1. RussianRoolet
    3,640 Posts.
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    19/06/16
    09:02
    Post #: 18066305
    From the last quarterly there was $5.83M left with a cash burn of $1.1M estimated for this quarter.

    To that end, with ~60 business days per quarter QBL are burning ~18K per business day.

    At the end of this quarter - that is in 2 weeks time - there will be $4.73M cash left.

    To that end, with the current MC of ~$6M this is trading at ~25% above cash backing.

    Moderators can you please remove the previous thread that is clearly wrong?
    Last edited by RussianRoolet: Put the M in 19/06/16
    QBL Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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