When one buys stocks from a company, there must be some ideas...

When one buys stocks from a company, there must be some ideas about the fundamentals such as what products they make or sell? What is the size of the market? How much do they plan to sell their products for? When will the products be ready for sale? How much money they have to fund the operation until they get revenue for sale? What will the profit figure look at 3-5 years from now?

I read the Motley Fools on AusCann. They made a comment about people bought the stock purely on the licenses that AusCann had obtained without paying attention to the fundamentals. And that was why the stock surged to 1.80 then plummeted to what it is now. We now have dozens of companies with the "papers" and they are all competing with AusCann. They are selling imported products and getting doctors to work with them ... I cannot see answers from AusCann for these simple questions. They only offer vague promises and intentions in all the news.

The excitement of having a new CEO by May is now over. The stock got sold off again. The DayaCann debacle of not having a license to export cannabis back to Australia has been disclosed. Was this the bit of info that caused the big boys to sell their shares just of out escrow a couple of weeks ago (and still now)? Did they get the info early?

Anyway, we will see soon if the DayaCann debacle and the lacklustre financial report will sink the share price under 40c. I am watching for a point around 35c and that's where one might like to jump in for a punt.