RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Agreed with Purple Kush Folium valuation was based on the RTO. I did an analysis before and Im not going to dig it up again. Basically Ausa accounts for 11% then revised to 9% of the merger, you can calculate the valuation/mcap of the new company yourself. I think it was something like 800m give or take. Then you take that and compare it with the biggest public CBD company, CWEB. CWEB's stock was tanking due to the prices of hemp plunging like crazy and you'll realize that the valuation is out of whack which was also affirmed by Scott himself in a CC call. On top of that, the lawsuits were a big red flag too, I read the lawsuits filed from 3 high level executives including the former VP. They are as detailed as you can get. There were other lawsuits from other investors too. That is a huge red flag, the last thing you want is to be tied up in lawsuits.
I got a ton of shares from Acb then started accumulating when they announced they were building out their 200ksqft facility only to get sidetracked by this Folium debacle.
So yes shareholder value was DESTROYED by the failed RTO which saw the shareprice tank from 0.45 to 0.11.
Now contrast that with the pumpers on this board like Smokinvista, Newbuddah and Walshbx.
Look at what they've said "CBD MARKET IS GOING TO BE HUGE!! YOU ARE JUST A SHORTER!!!! THIS STOCK WILL HIT $10 EASY!"
Is that your version of an analysis? Come on man. They are nothing but pumpers.
Go look at Smokinvesta's history. Not 1 single post of analysis. He's the biggest pumper on this board. Go check him out.
I was also critical of Scott for firing the CFO michael carlotti right before the Folium RTO, and look at him now, he's the CFO of Curaleaf.
While Smokinvesta and the rest of these pumper clowns were bootlicking Scott's decision touting it as a good move.
Scott is so good the stock tanked 99% under his leadership and now hes gone with a golden parachute.
Truly pathetic.
CannaHemp20 wrote: I concur with your interpretation of one who blindly creates share price forecasting. I don't agree with the second paragraph about shareholder destruction and decisions.
Lastly, you cite the Folium transaction. The deal was withdrawn due to undisclosed information by Folium after the merger agreement was agreed upon. Following are my references:
- https://www.newcannabisventures.com/australis-walks-away-from-folium-biosciences-acquisition-after-discovering-previously-undisclosed-information/
- https://www.newswire.ca/news-releases/australis-capital-and-folium-biosciences-agree-to-merger-to-create-a-publicly-held-vertically-integrated-producer-of-non-psychoactive-cannabinoids-813289512.html
Where are you getting valuation information on Folium? Your comments seem offside given the first release which describes Foliums market position?
Purplekush wrote: When you give a price target arbitrarily without providing a modicum of reasoning, merit or analysis, you are a pumper.
When you blindly support every single decision the company makes even though those decisions resulted in the destruction of shareholder value, you are a pumper.
People appreciate those who are impartial, who are critical of the company. And those who are able to scrutinize the company's decisions objectively.
These are the same clowns who were super bullish on the Folium RTO for the sake of being bullish while I was critical of it based on my prelimary research. ie Lawsuits, crazy high valuation compared to other public CBD companies like CWEB, lacks transparency, lack of followers on their social media platforms, poor reviews etc.
I wished I was wrong but I turned out to be right and the stock tanked from 0.45 to 0.11.
Bottom line, I'm sick of these pumpers polluting the board.
CannaHemp20 wrote: Pumpers are fools at best and certainly can be disruptive if not quelled. I looked at Walshy's posting history and I don't think he is one of the worms.
We all want AUSA to do the right thing. I can't recall the AGM date but leading up to that, the debate will be hot and heavy as to alternatives. Its facts that matter here including the character and track records of those competing for votes.
Purplekush wrote: I don't appreciate pumpers period.
He claimed ausa would hit $4-$5 in dec 2019 lols. People who "appreciate" his opinion might be inclined to buy. People should be held accountable for what they say.
You can say there is a huge upside with kiosks given the current environment we're in but to say "Big MOVE COMING!!!" is irresponsible.
Pumpers are swindlers period. They disgust me.
"Ausa going to $10 in 2 months, I got the scoop!"