PLCO sneaks in that almost 1 MM RSU's suddenly vest now ! Been travelling and not much to post recently. Just same old fluffy news releases.
Earnings out. Zero revenues. Creso doesnt close to late OCtober so Q3 will also be zero revenues. Bad aquisition anyways. Cash is a bit higher than expected but liabilities are way up...now $6 MM so right on schedule to be in mid teens after Creso closes and they owe 3% fees plus owe Creso almost $4MM.
https://equity.guru/2019/06/10/creso-pharma-cph-asx-puts-retail-bagholders-sword-pharmacielo-pclo-v-deal/ https://equity.guru/2018/02/18/assad-tannous-spotlight-creso-pharma-cph-asx-hand-1-million-shares/ Biggest takeaway from the earnings is theat they quietly moved up the vesting date on approximately 1,000,000 RSU's. Now it vests on the date of employement of the employee (which essentially means right now ) instead of date of grant. Highly unusual move that I've never seen before. Just more paper coming your way. Blackout ends Thursday so expect to see more increased selling pressure from this and also all managment who come out of earnings blackout.
Other Columbia cannabis companies all now have their GMP certified labs. Avicanna and Khiron both leading on that. Both are at least 1 year ahead on that and distribution agreements and signed up patients throughout Latin America. PCLO is losing badly IMHO