RGI 0.00% 4.8¢ roto-gro international limited

Ann: Trading Halt, page-8

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  1. 1,540 Posts.
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    While we wait, I notice Cann group is up 20% today giving a market cap of around $260m. Last Q their revenue was $1000 with $3000 year to date (not a misprint). They are valued on expectations of what is going to happen in the future, which sadly the market doesn't doesn't apply to us.


    So why up 20% - because they signed a HOA to purchase property in Mildura where they intend to construct a state of the art green house for MJ cultivation due for commissioning 3rd calendar quarter next year, with an off take agreement. So their market cap went up $44m because of this. Yet we will be producing with an off take agreement before the end of this year.


    Ok I'm not really comparing apples with apples, my point just that when we start kicking some goals, the projects look firm, the market will take us more seriously and ascribe a proper value.

 
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