Originally posted by Basileus
Originally posted by Neil1959
Good afternoon guys,
I have spoken to the company this afternoon and just want to clarify a point about the 2 cents per share. @corona is correct with his observations. Sometimes the wording required with ASX technical Listing releases can be difficult to understand and interpret. No shares are being offered to anyone at 2 cents. The shares are being offered at 3.5 cents per share.
As we approach the relisting of the company, and to help facilitate the many questions that may come with our upcoming releases, I have set up a shareholder inquiry email account so that you may direct all your inquiries here, if you are uncertain about material in a release or material/content posted on Social Media.
Please send your inquiries to
[email protected]
Thanks,
Neil1959
QBL HC rep
QUEENSLAND BAUXITE LIMITED
soon to be renamed CANN GLOBAL LIMITED
Hmm ...
"
No shares are being offered to anyone at 2 cents."
Let's re-read that paragraph (d).
"
(D) Grants a waiver of listing rule 14.7 to the extent necessary to permit the issue of:
(i) A minimum of 57,000,000 Shares and a maximum of 170,000,000 Shares at an issue price of $0.02 each under the Capital Raising Offer;"
Given what you have posted, can you please confirm the purpose of part (i) of the waiver?
It is very difficult to accept that, "...
the wording required with ASX technical Listing releases can be difficult to understand and interpret" is the explanation for that particular condition.
Even if it was, "...
difficult to understand and interpret" is it good practice to simply wave away legitimate concerns with that kind of response?
In my opinion, there is nothing difficult or technical in that part of that particular waiver (i.e. paragraph (d), (i) of Annexure A). Nothing difficult or technical whatsoever!
Q.
Was the waiver sought by QBL as part of the discussions or correspondence regarding reinstatement to the ASX?
Q.
Or, was the waiver referred to simply inserted by the ASX independent of any discussions or correspondence regarding QBL's reinstatement to the ASX and,
Q.
Can the BOD confirm why that waiver that is noted in Annexure A will not be relied upon under this and that they do not intend to offer shares for $0.02c under this CR?
Hmm ... far, far from clear in my opinion.
Oh and
@Bravobrad
"
Not right all the time but opinionated yes."
Well ... yes ... guilty as charged. However, I have been labouring under the belief that the whole point of a public discussion forum was to have an opinion? Yes?
And yes, I'm not a holder! I am hopeful though that that doesn't that disqualify one from posting or having a view on matters?
Good afternoon Bas,
Thanks for your questions. You have tagged me twice so I would like to respond to you.
As a researcher myself, and former poster, I do respect the amount of time that it takes to go through announcements, research background notes and media and then make observations and form questions to participate in debates. I also note that your line of questioning to the company and on this forum, in general, has been more respectful of late.
As you are probably aware my role is not just to act as the HC rep but I am also contracted to look after Shareholder Relations, as mentioned in both the EGM and AGM. That role will increase this year. I also have a responsibility to ensure correct information is supplied to our shareholder base on Social media and to help answer questions, as well as reporting to the Board.
There is an old saying " it is the glory of the king to search out a matter". We all have a responsibility to be a king over our own investments and as many encourage members to do, do as much research as possible; contact the company, check out the validity of posts and clarify data posted by members.
Bas, I have followed your posting on here since January 2018 and have also noted/respected your decision to keep your identity private. But to understand the intent of your questions, would you mind commenting on the following post of yours on the 10th of January?
Post #
37080693
Would appreciate your response.
Regards.
.........59
