BubbaInSC, yeah, I've been debating whether or not to park more money here at this stage. I'm tempted, but then again I want to wait and see.
Is it going to run up on Booth's involvement, only to fade again? Or is it going to be a sustainable move with substance behind it? So far they've had very little revenue and HUGE losses each quarter. I'm sure the lawsuit had an impact on expenses. Hiring a bunch of lawyers to fight lawsuits certainly must have been a drain on the bottom line. Now that Green Therapeutics and AUSA have kissed and made up, at least those expenses go away now. Hopefully like they indicate, this merger will be accretive and we'll start to see some decent revenues. If not, then the share price will sink back down to around a dime again.
Regarding your question about "how Australis can control the type and quality of MJ strains when they're going to be building greenhouses for other companies...and not for Australis," I'm not sure that's their main objective right now. It sounds to me like they want to build out grow space and to sell to others as a producer for white label cannabis. In other words they want to become a wholesaler of product, and grow house consultant.
I don't know, I'm kind of with you. It seems like during this past year the US MSO's have gotten the jump and it's going to be difficult to catch up. But at least AUSAF is back to focusing on cannabis and derivatives, and ALP consulting vs. the previous leadership who were more focused on software and kiosks/atms. I didn't understand why they were focusing on that before, except that Scott Dowty was from the gaming industry and so he was trying to leverage his gaming security and technology knowledge. To me it seemed unfocused and not part of the core thesis of what AUSAF was supposed to be about.
From the beginning, the spin-off was supposed to be a "beachfront into the US markets" that Aurora would eventually either fold into the larger entity, so when AUSAF veered off into kiosks and ATMS I think they lost their focus.
Hope fully Terry will be using Australis to redeem his reputation, and hopefully his "cap-ex light" model will be more successful than Aurora's "pay any price, and write it down later" business model, that bit them in the a$$.
Time will tell. I'm watching CLOSELY.
Numbers don't lie. People do.
