where to next?, page-623

I cannot say. I think it's a bet for any one who like to play. I just do not feel any wish to jump back in at this price. It went down to 45.5c this morning and I felt no desire to buy at all. It does look like the big holders are selling to any one who are willing to buy. They will dump, stop for the share price to recover a bit then dump again until they get back all their investment (probably bit of profit too) and have the leftover shares as "future profit". You said in your own post about waiting for about 5 days of selling with high volume to see if the selling would stop.

I would also add that there is a chance that this company will fail (like it has failed as TWH which went down to 1c causing retailed investors to lost their pants before changing itself to AC8). One should not take the burden of licensing in Australia and AusCann has got the licenses as the promise of success. Labour cost in Australia is too high! It's not realistic to produce here unless there is a truly secret formula of highly sophisticated nature that could be patented and no one else in the world has. There is no evidence that AusCann has anything of this nature. If it has anything, it could have produced a small quantity in a lab and offer to universities and hospitals to run trials long ago!

Only a couple of years ago, there was an article on the news about how an Australian family with a young child suffering a terrible condition. But it was illegal to import and use medical cannabis (and still is illegal). The family bought a cannabis formula from the USA to reduce her suffering and sort of giving her a tolerable life. Then the police knocked on the door. The father showed the police a picture taken with Bill Shorten and the child and explained about the suffering and why he had to buy the "illegal" cannabis product (and Bill Shorten visited the family and promised to support him). The police simply said fine, and walked out of the door without charging them with the offence. From this story, I can infer that the US companies have the better stuffs that Australian companies do not have. This implies that as soon as Australian government opens up the medical cannabis market, US drug companies and their Australian partners will flood the market with superior products and AusCann will be drowned. Knowing that the US has such power over Australia, unless AusCann can become successful in the US market, it has no chance to survive here.

I feel that I was duped by AusCann's promises to buy in but I wouldn't be duped again. It does not mean I won't play small now and then, get in after massive selloffs and play the dead-cat-bounces. So in short, I won't invest in this stock, but I might play a bit if it gets down to the 30s. As Google share price tracks AC8 back to TWH as one company, and the history is there to tell us that this mob did fail so badly in the past from $1.50 to 1c before the stock market gimmick kicked in again with a new trading stock symbol, one has to pay attention to the risk.