Shareholders may have received zilch but our man Gerry walked away with a bundle of cash.
If you are big in CBD and he can grow this business as he did Impulse airlines, then you too will walk away with a bundle.
To this point, I have not seen a any proof that he will pull this off. The moment I am convinced, I too will be jumping on board. However at this point, I dont see it, the market cant see it, and the company accounts certainly dont reflect it.
I believe some of the larger holders might be getting a little bit tired of waiting, so pressure on the SP could see her trading at a much lower market cap, herein lies the risk of investing into small caps at their early development stage.
Kiril.
CBD Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held