CGB 0.00% 2.1¢ cann global limited

Price Estimate On Open, page-76

  1. 722 Posts.
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    Can someone answer this for me,

    If QBL doesn't manage to raise the Minimum subscription of $1,995.000 within 3 months does this mean they would not "..Satisfy the ASX requirements for re-admission to the Official List..." and QBL would not be relisted for quotation on the ASX?


    I personally have lost a lot of money in QBL and will not be taking up the offer after reading the prospectus. Two stand out reasons for this are the $145,000 + Gst for the rent of a private house claimed as an Office; and in the Report by Nexia Australia  (Investigating Accounts Report and Financial services Guide included in the prospectus) under Associations and Relationships, it states that "No individual involved in the preparation of this Report holds a substantial interest in, or is a substantial creditor of the Client...".

    My understanding of this second point is that there are individuals involved in preparing this report who have some level of financial interest in QBL. I would have thought that no investigating accountants should have any financial interest in a company they are investigating the accounts of, to prevent any conflict of interest. 

 
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Currently unlisted public company.

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