My thoughts Seed isn’t in any position to invest any further money into a business where they’ve already invested/supported heavily. Hence sale incoming very shortly.
The Directors note that the Company has sufficient cash and cash equivalent resources to meet its obligations for at least one year after the approval of these financial statements.
Listen up. We are sat at £5m mcap and the possibility of only getting £6m cash back for our asset isn’t pleasing or is it the end of the world. Leap makes up only 1/3rd of our NAV. The other 2/3rds of the total value are rather interesting especially with Germany government cannabis legislation changes now upon us.
Anyone buying in gets the 2/3rds at a current negative valuation.
Nothing new from Longlad mixing his farmer with his pharma, THC with CBD and his botanical knowledge… Imagine the devastating consequences of longlad and barwick being allowed to mate.
In an enthralling month for Seed LSE readers it’s getting tight at the top of the number of posts this month… Barwick 181 Longlad 166 Midas 154 2 more days to go to annoy your favourite to nudge them ahead.