IMHO this sort of outfit should be declined listing by the NZX , I thought that all of the cowboys were gone from the NZX ( ie Kiwibear et al ) but that does not appear to be the case.
Your mention of Kiwibear brings back memories. Although to be fair comparing Cannasouth with Kiwibear does Kiwibear a disservice. At least Kiwibear had some sort of business plan.
I regret not keeping some of those prospectuses they would make interesting reading.
So WHY would anyone get involved in this CR@P in the first place, there are enough thrill shares out there atm !
Same reason why 'anyone' got involved in Plus SMS & Snakk.
I met many a lawyer, accountant, broker and many a director (during the time that Plus SMS was being ramped ever higher) who asked me why i was not participating in the great story of Plus SMS.
The rest as they say, is history which the NZX is hell-bent on repeating (refer Brian Gaynor's NZ Herald article).
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