CGB 0.00% 2.1¢ cann global limited

Nothing to do with fundamentals., page-30

  1. 196 Posts.
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    Nice. I topped up at 5.4c before the TH, I don't think we'll not see another 5.2 - 5.4c after Fed government's pot product export announcement. Personally, I would of preferred QBL to stay below 5.2c for a little longer for my accumulation and then move up to 6.x cents without TH. In my personal opinion, the JV announcement was good but, was it worth the TH and worth doubling 5.2c trading shares to over 10 cents? An amateurish move by QBL mgt, it would have been better if QBL caught the export announcement wave and then just released the pill JV announcement and naturally caught the second wave. Anyway, the Mgt did a big favour for many DTs and as the result many loyal holders were a little crossed and also joined in the dumping parade. For this reason, QBL is one share DTs LOVE to take a bath in.

    QBL tried to force the market to meet at above 10c and failed. Over short ownership of QBL shares, I had to learn quickly that DTs have a majority influence on the market, of where SP stays, not QBL mgt. Coming down from 11.5c to 6.x cents or naturally moving up from 5.2c to 6.x cents, a lot of holders would of preferred the later. All in my opinion.
    Last edited by 56amons: 10/01/18
 
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