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Re: jaxdawson63 post# 505

Monday, 05/22/2017 2:40:38 AM

Monday, May 22, 2017 2:40:38 AM

Post# of 1484
Down 9% in Australia to 0.52 AUD, capital raising at 0.50 looks like it's having its effect today, shouldn't be a problem however as it's for growth and expansion, plus the new joint venture and mix in that it's still completely in its infancy and the % swings shouldn't be too scary, very annoying as I averaged down a week or so back and could have a few more thousand shares if I'd waited until today.
May even sell some shares in other companies I hold to get a little more exposure to Auscann. Lots of risk but I see a very high payoff down the road. My very minimal target for 1 year would be $1 usd, basically when they're harvesting multiple crops domestically.
Still could go the other way I'm sure, but I think Auscann is a solid company, especially if CGC is happy to have their shares tied up for 3 years.