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Good thing Chuck is gone as CEO, but he is still on board.
This year Chucked paid himself over $ 700.000 USA, on a company he ran in to the ground. This company has been about getting Chuck and his buddies rich. If they don't start making money law suits should start coming.
They never intended to build a company. This has been to enrich Chuck and Hugo. Even small companies are making millions Auxly is not even selling anything. How do you think they are going to survive.
Auxly anticipates that it has liquidity and capital resources to meet short term obligations,
however, will require additional funding to complete all projects and meet all commitments
contemplated in 2019. Management has the ability to defer certain capital expenditures and
commitments and is considering a variety of options to finance operations including secured
financing, debt or equity offerings. As part of the financing considerations Auxly is evaluating
which options will best optimize current interest rates, term length, security provided, covenants
and impact on future business plans. Auxly believes it will have sufficient capital for the next 12
months upon successful completion of contemplated financing activities.
Auxly is subject to risks and uncertainties that could significantly impair its ability to raise funds
through debt or equity or to generate profits sufficient to meet future obligations, operational, or
development needs. See “Risk Factors” in this MD&A for information on the risks and
uncertainties that could have a negative effect on Auxly’s liquidity
They will be lucky if they are not bankrupt by next year.
Look at the MD&A and they are already setting up to go bankrupt.
Any body who thinks this company is going to be something is a fool.
Nesta Holding Co Ltd, a company owned and controlled by the CEO of the Company, provides
travel and accommodation services to the Company on a month to month basis. For the year
ended December 31, 2018, the Company incurred $123 (December 31, 2017 - $28) in general
expenses.
An officer of the Company was a director and officer of KGK prior to the acquisition and owned a
de minimis equity interest in KGK.
LIQUIDITY AND CAPITAL RESOURCES
So Chuck gets paid to provide travel and accommodations.
There is a post by Chuck on yahoo finance saying how they will need to borrow more money that they think they have enough to make it through 2019. They are spending money like crazy, they will be bankrupt with in the year. I hope I am wrong but Chuck is a con.
This company is not going anywhere! They are pumping threw money not making any money and say they won't for years but you think they are going to last.lol The fun part like a year ago when the stock was over a 1.30, Chuck to a loan out on all his shares 18 million worth,
with the bank if he missed a payment could cash them in, I wonder if this is a way for him to get rid of his shares. This is why these other companies all got rid of him. him is nothing more than con artist.
This company is a joke. Just a month ago if you went to their website their public filings had maybe six filings, since Aphria is being sued just went filings going back years.
http://marijuanastox.com/this-one-undiscovered-pot-stock-could-help-investors-cash-in-on-the-green-gold-rush/
Goto that it is auxly pay over 500,000 to advertise their stock.
seems like a pump and dump scam.
when will Auxly have product to sell?
They are going nowhere, more than likely won't be in business in a year or two.
they won't even be making money for a couple more years. do you really believe they will be in business in a year?
goto stockhouse they have a board like this. Chuck has taking out a 10 million personal loan and put up 20 million of his shares. this is away around looking like he sold his shares, Kgb or k science another insider was part of the company. I wish, hope I am wrong but
this is a scam. There is a reason why Chuck was fired from the other companies.
mindgame, insiders don't own much stock in company and they are selling at a 1 dollar. got to so they don't seem to believe in company being a hi dollar stock. If you look like 90 percent of the stock is own by investors not company insiders. that tells you something.
this stock is garbage look at some of the companies they bought into.
goto simply wall street and put in auxly cannabis group and it has all the information. Ian had to sell in the last month because I check often. shows how much is owned by investor's and how much is owned by insiders and investment banks ,groups like, almost the whole company is owned by average people.
he is one of the founders. The company is owned mainly by investors insiders don't own much stock, that tells you everything.
IAN RAPSEY just sold 250,000 shares, hugo sold like 1500000 shares months ago this company is a scam.
THat is why I keep buying and holding long. Just hope it works out.lol I also thought you might be part of company.
when did this happen?
did anyone else get asked to approve shares to aphria?
I have a ? when will they actually sell pot? When you say 2019 when in 2019 began or another year? I would like to know when they are going get a crop?
Hugo sold 1500000 for 2 1/2 million you know this a scam.
Tell me why this stock is going down while every other pot stock is rising?
greendragon420 what made you change your mind? A few days ago you were saying this is going to be epic.
Yes, It is a scam. Just look how Hugo Alves sold 1500000 shares awhile back