It is more important to find out why the 10% CannaGlobal equity, that they claimed worth nearly 15 millions, all in a sudden become 2.7 million. This is an impairment of nearly 10 millions.
The fair value of Cannaglobal reduced from 125 million , to merely 27 million is just ridiculous. Consider it is not even a listed company, what makes the value of a company reduced by close to 100 million within 12 months?!
ASIC investigation or ASX inquiry may be warranted if someone is making misleading or fraudulent claim.
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