AC8 1.92% 13.3¢ auscann group holdings ltd

Announcement of a new ceo was a great start, but the last...

  1. 70 Posts.
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    Announcement of a new ceo was a great start, but the last financials put a little bit of a damper on things. They really need to address the Dayacann issue. The ball was dropped hard on that, and at this stage everyone is making the worst assumptions about it. If and there is a good side to it they haven’t told us.
    They don’t need to grow heaps when they have changed from a supplier to a manufacturer. No use growing shitloads if you can’t make/sell your products yet. 
    Ac8 will turn around, there’s still some major players buying, and board members not selling, only releasing some escrow, probably for a bit of cash flow, I know I would have done it because they already have a lot of shares in there anyway.
    the bigger question is going to be when will it turn around? You can play all your guessing games and charts but they are just guesses. If you bought this stock because you believe in it, then you can either sit and wait or accumulate. If you don’t believe in it then why did you invest?
    The board needs to start showing what they’re paid for and bring the faith back. It doesn’t take much, just a bit of communication here and there. Open up the honesty and watch the sp come back.
 
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Currently unlisted public company.

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