CGB 0.00% 2.1¢ cann global limited

Ann: Director retirement and appointment of independent Chairman, page-159

  1. 2,145 Posts.
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    Nice find @big finn

    Yeah, Pinchus is her hubby and it's not the first time they're in financial crisis.
    A few years ago they were in trouble with the mortgage on the Yeshiva Centre.
    Comm Bank were owed $10m, couldn't pay it, so it was remortgaged by a few 'prominent' names'.
    If that 'ongoing expenses' claim doesn't include mortgage interest, they're in even bigger trouble.

    I also remember a quarterly where QBL/CGB paid the Yeshiva Ctr an amount for Secretarial Services !
    No idea how long that went on for, maybe it was just that one qtr but it showed an open door yet again where shareholder funding was used within the family.

    They haven't got enough business/students to keep the place running but if the court costs are ordered to be paid out of the 'estate' - they've obviously got possessions to sell.

    Btw, I think Pninah retired to look after another son, dyor
 
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