CGB cann global limited

Ann: Response to ASX Aware Query, page-86

  1. 876 Posts.
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    I doubt you get a institutional investor from New York on board to facilitate this 55% stake... of all places it's New York... home to wall-streets boys... don't take a single fragment of information as basis... see the bigger picture. He was provided with almost 18 millions shares... at 0.007 worth almost Aud 125k... then another 49 million shares to MCL...

    Now would these people just offload it for a quick buck when stock is only in pennies and not even a $0.10c? I doubt it... QBL didn't shell out a penny from its 6.4million cash, instead gave its shares rather then floating it for a CR. All the smart ass moves and yet people aren't happy... QBL has confidence in its shares so does the New York investor as well as MCL. The only people without confidence is us... I find it extremely funny... QBL made its shares the single most important asset to these NYC investor and MCL. Mistake from a NYC investor that too an institutional one and then MCL again to agree for QBL shares in consideration.

    They did all this in a months time... now why would you go thru all this trouble just to further damage your image. They could have been siting idle and do nothing but instead are making clever ass moves. MDL might be in the works too, I find that the single most reason for NYC investor and MCL to agree taking QBL shares rather then taking a chunk out of its 6.6 millions cash reserve. MCL took shares which means it doesn't need cash for its operations. If need be even MCL would have a $1.4 million from 49 million shares by now to work with...
 
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