I think it will be a slow an agonising process of deflation over years. AusCann still has close to 30 millions in the bank after it has done the fit-out of the new facility. I do expect a fast cash burn rate from now on with more employees and more costs once they have to start taking on more activities such as setting up clinical trials, growing, learn to do extraction of oils, ... Plenty of companies went lower than their IPO price. This has to happen first before we know if it will survive.
AC8 Price at posting:
41.5¢ Sentiment: None Disclosure: Not Held
