EOF – Ecofibre Limited | Aussie Stock Forums

EcoFibre came out of the blocks at IPO (@ $1.00) and basically tripled the money for early investors in the first 3 months. Since then it hasn’t been so rosy.

Despite a NASDAQ admission late Oct, the Annuals in Nov were ho-hum and, importantly, in December a FDA Notice about companies (not EOF) selling products containing cannabidiols that violate Federal laws, put pressure on the price. From lofty heights, EOF has retraced to the low $2 range
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While EOF claims it is differentiated from other cannabis stocks, the entire ‘sector’ was a bit of a bubble; market reality has set in
https://www.abc.net.au/news/2020-03…-takes-hit-as-market-reality-sets-in/12012010
Key points:

• The industry is experiencing a correction, with people who sought a quick profit from the pot boom now feeling the pinch
• Some companies have lost 50 to 80 per cent of their stockmarket value in the past year
• Insiders say the industry’s major bottleneck is being able to turn an illegal recreational substance into a pharmaceutical-grade drug

The NASDAQ admission is irrelevant as its a pink stock. I can’t even find EOFBF on my platform. Volume is almost non existent. Once it gets a proper listing, they will be required to report to the SEC, and Americans / others will be able to trade it with ease. The money should roll in then. This should coincide with the launch of Hemp Black.

The only thing released in November was the funeral meeting results/speeches. And a study. No financials. Furthermore, the financial results released have been very good. In the last release, the growth appeared to be low, but this was due to a switch to a distributor model, meaning that there was a delay in receivables, whereas previously, payment for orders was received rapidly. It helps to actually read the release, rather than skimming over figures.

The FDA notices related to medical claims made by said companies. Just like I can’t claim that my concoction will cure your cancer. Some companies also sold contaminated product, or product with little to no actual CBD. Ecofibre are at the forefront of championing regulation. To prevent this very thing from being able to occuring.

EOF is definitely unique. It has a CBD business in the US which achieved market supremacy in the private pharmacy sector within a year. It is profitable and will be exporting to Australia this year. It has a food business in Australia, which will be exporting to the US, as well as becoming profitable, this year. Then we have the textiles/composites/ink/vegan leather/nanofilm, etc, business, Hemp Black. The plant will be ready for production in a few months time. They’re hiring as we speak. The scope of this business is virtually limitless and it will be the new core moneymaker. Then we have the 300+ genetic varieties. We have active research being conducted at Thomas Jefferson University. Show me one other CBD company with these features. EOF is being dragged down with the sector, whilst being a superb performer.

And regarding that quote about the illegal recreational substance, that’ll be MARIJUANA. Ecofibre is a HEMP company. Hemp is legal at the federal level. It is legal in Australia as well.

People are absolutely clueless about this company.

I look at patents, trademarks, bills of lading, job advertisements, hidden website parts, relationships to individuals and companies, etc etc.

I’ll have you know that payment for a patent was received 4 days ago, and it will be live and official in about a month. That’s the second approved patent.

So, if you think that I’m upramping the stock, I’d say that you’re downramping it based on a lack of research and knowledge, especially due to the fact that you’re quoting an article pertaining to Australia, when the core of the business is in the US. And that is irresponsible.

Either way, you can visit the forums that I suggested and get informed (I’m the main poster there), or you can remain ignorant. The choice is yours. And it doesn’t affect me at all. I just wanted to elate that guy’s worries since it went down so much recently.