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13.3¢ auscann group holdings ltd

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18/02/19

13:12

Post #: 37470813
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Originally posted by sanok ↑

Originally posted by dmaivn
Does not mean AusCann can sell anything until the products are trialled and later approved by the Therapeutic Goods Administration (TGA). They don't have 50m in the bank, and they are blowing a total of about 11m very soon on the new R&D facility. I think this company will have to raise money again from the market in 2 years time just to survive. All they are doing is burning cash and making promises. We will see if they can deliver on any of the promises made since last year. One must question the big boys sold a lot of shares right after escrow. In the next two weeks, we will see if they continue to sell this down further. I won't rule out the chance that it could bounce 20% up but I am happy not to bet on it at this price. For pure short term punt, I would be tempted around 35c.
TGA is a pain in the ass for anything natural and not in line with conventional "treatments".
They are in bed with big pharma and big pharma does anything to block natural therapies if there is no profit for them

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AC8 Price at posting: 45.5¢ Sentiment: Hold Disclosure: Held
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