I think CG got in thinking that it could use the Australian licenses to speed up market access but one can see another clear reason. It's about the stock gimmick of reverse takeover to suck in new money, changing stock symbol, waiting for the shares to be pumped up again then flog them after the escrow period. I can imagine that if AC8 fails, CG would have been able to flog their shares over 20c and get back all their investment plus a sizeable profit (and so do the original insiders). Later it can come back in to take over at a few cents then send US or Canadian products in using the very same licenses that AusCann holds. Or perhaps, they will retire and the younger mates will come in and reverse takeover again with a new stock symbol and the whole game starts again You would not want to buy in when it is under 5c. You would want to buy in when they reverse take over and revalue the price to 20c and take a ride along waiting for suckers to pump it up.
AC8 Price at posting:
47.0¢ Sentiment: None Disclosure: Not Held