Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

Click for more information

0.00%

2.1¢ cann global limited

Ann: Q&A on the merger of QBL MCL and Medcan, page-403

First 403 Last

Share
Profile

Follow
Basileus

3,215 Posts.

1884

29/06/18

12:56

Post #: 34037631
Share

Originally posted by Luke164 ↑

Is it not obvious from QBL reports & correspondence that the delay was due to ASX halting QBL from any further trading action until they definitively committed to either buying out the balance of MCL or spinning it off altogether?

And therefore the final decision to buyout the remainder had ramifications of:

(a) any prior contracts that may have involved a spun off MCL & shares issued in a newly listed MCL in exchange for its acquisitions all had to be re-written;

(b) The QBL/MCL final 45% acquisition being written;

(c) QBL changing its primary activity from Bauxite to Cannabis/Hemp & preparing all the associated ASX required documents/presentations etc.

All of which took time & would have had to pass through ASX scrutiny individually I would think.

There was a statement I remember reading (may have been in the report) which said all of this too.

EDIT: I note you ask for the 'exact' part. All of them combined - doubt they would pinpoint one issue.

Expand

Possibly?

I would prefer to wait and see what QBL have to say on the matter.

QBL Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ADH

Adairs MD and CEO steps down after 17 years in company management

DEL

Delorean unlocks $30M through Tanarra finance facility for bioenergy projects

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

SRN

Copper and zinc zone prove exciting news for Surefire close to WA's Yidby

FEG

China's Xingye snags 19.99% stake in Far East Gold, eyeing latter's Indonesian gold play

There are more pages in this discussion • 146 more messages in this thread...

First 403 Last

Add CGB (ASX) to my watchlist