RE:#1 High Times Winner (Australis)It doesn't matter anymore, Ausa is selling all it's THC assets. They are also selling their Bamm shares at Bamm's all time low. Smart move Scott!
Bamm once traded at 3.60 and Ausa had 37 million shares which equates to 130M. Now the Bamm shares are only worth 18M. From 130M to 18M. The worst timing ever!!!
Everybody invested in Ausa because of ACB's US THC play. Ausa was moving in the right direction, acquiring high quality brands and also Bamm which has distribution channel. They were going to build a 200ksqft cultivation facility to house those brands. Plus they hired one of the top Marketing firm, Astound, to market their THC brands.
Now because of this shady merger, ACB's backend rights to AUSA is diluted so much that it's meaningless. Wasted 5 million Bamm shares on Astound to promote it's THC brands. And liquidating it's THC assets at a steep discount.
Folium better be worth it making 200M revenue or else Scott is running AUSA to the ground while securing himself as the CEO of Folium.
The ones who benefits the most is Scott and Folium's CEO Khan. Scott will be given a ton of Folium shares and compensation as the CEO of Folium and Khan will make a ton of money by taking his company public being the sole owner of most of Folium's shares if not all.
I've been searching high and low for Folium's revenue and have yet to see anything close to 200M, so I'm not sure where they got it from.
We need a freggin miracle or else we're stuck holding bags for a long time. GLTA!