CGB (ASX) Holding back

Originally posted by 4hrworkweek ↑

I think holders have the right to feel like they do. The SP is down 24% from the price before suspension and if you were one of the unlucky ones who bought at 6.6c then your down 44% and if you were one of the people that bought on the high of 11c you are to almost having only 30% of its value.

Why shouldn’t people be concerned? The company has grotesquely miscalculated the share price at cap raise at 8c. I’ve never really seen a company offer shares for an increase of about than 30% of the current worth at the time of announcing a cap raise? Anyone else seen something like this?

To do a cap raise and promise dividends when they won’t announce harvest details, haven’t shown solid financials is ludicrous in my view. Get to a point where your actually functioning properly because right now its shareholders money that’s actually keeping this afloat.

An now they have to make an announcement because people need to be educated on what’s happened?

Get your buzzers ready you know an Ann’s coming because Neil’s said so.

How about an apology to share holders and an admittance that this company have got it so wrong?

How do you rebuild faith in this stock? That’s the question?

Also I noticed since The company wrote to * I’ve noticed there’s been almost no media interest in this stock. I haven’t seen anything on all those stock market news places. Is that why QBL has started QBL media so there’s some coverage.. you don’t even see hemp products advertised on red tractors website.. if you read Twitter there’s just a whole heap of vomit posts. Seriously how’s the company going to rebuild faith..

I’d be changing my logo and brand and everything right now. Also for the shareholders sake i would be adding an independent person to the board of their (shareholders) choosing.

Expand

You are an absolute broken record on the downramping via mentioning 'promised' dividends.

Maybe i'm blind - direct me to a post where they PROMISED a dividend? I'll eat my words if they did.

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