CGB 0.00% 2.1¢ cann global limited

Cann Global (ASX:CGB) to raise $3.75M to clear liabilities, page-29

  1. 3,932 Posts.
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    Also 446mil for 3.75mil that is equated to 0.0084 per share.

    With remaining options, they need to be exercised at 1.2c.

    so for the ins/sop to make profits ... it needs to be above 0.0084 at least.
    At current price i dont think so.

    As for notes holder... they already have their shares which cost at 0.005.
    However they already pay the portion when we issue to them the notes. i believe it was back in nov2019 @ 5.9Mil
    https://hotcopper.com.au/data/attachments/2733/2733975-b0dea1d318c44a7479012828a6bdc4c0.jpg


    So you think the Cnotes making money at this point would wrong.

    IMO the price need to be pushed higher for these Cnotes/ins/sop to make money.
    It is great to see them support the co at this low price... another word they believe in company or they know what coming aheads

    DYOR ... dont get misleaded

 
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