CGB 0.00% 2.1¢ cann global limited

Ann: Thirteenth Supplementary Prospectus, page-203

  1. 722 Posts.
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    I personally hope we don't end up with the same type of scenario below, where AGMPL tries to secure a loan from Cann Global Ltd to fight the upcoming Court case, as that would be a slap in the face to all Shareholders in my opinion.

    Para 15
    "15 On 24 April 2017, an application made by the applicants (filed 12 April 2017) to vary the undertakings previously given by the Feldmans was heard by Randall AsJ. The variation sought was to enable the Feldmans, as directors of Paradise, to obtain a secured loan of $1million from Queensland Bauxite Ltd (another company associated with them) for the purpose of funding legal and other expenses of Paradise. The application was refused."
    http://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/vic/VSCA//2017/269.html

    https://hotcopper.com.au/posts/37359451/single

 
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Currently unlisted public company.

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