Bullboard - Stock Discussion Forum Australis Capital Inc C.AUSA

Alternate Symbol(s): AUSAF

Healthcare

Australis Capital Inc. is a multi-state operator in the cannabis industry in the United States. The Company is involved in the cannabis and horticultural industries in the United States and abroad. It is focused on brands and cannabis licenses in states with favorable economics. The Company also operates an engineering consulting firm. The Company advises on greenhouse design, build and... see more

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CSE:AUSA - Post Discussion

Australis Capital Inc > Investor Rights To Protect From Share Consolidation

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Post by Investorlaw on Sep 27, 2021 3:08pm

Investor Rights To Protect From Share Consolidation

Fellow AUSA investors, after reviewing the recent news release we should be quite concerned with the Ceo's plan to raise $15M and further diluting our shares. The value of our existing shares and proportional ownership of the company is in jeopardy and could lead to a consolidation of shares as another investor has brought to our attention.

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Comment by Dragon1 on Sep 27, 2021 6:36pm

15M$ raised and well utilised is ok for a company well positioned and focused on growth but as I mentionned on a previous post I hope Terry has learned from Aurora and will not go acquasition crazy with massive shareholder dilution and debt,I remember Nortel all to well. So far I think their strategy has been fine and the company is really positionning itself for the major expansion of the US ...more

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