Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-57

First 57 Last

Share
Profile

Follow
Christopher67

999 Posts.

449

07/02/23

14:02

Post #: 66119000
Share

Originally posted by Christopher67: ↑

1) Could the drought have affected outcomes? Yes.

2) Was the reporting of ~$500K in revenue over the first year of Australia's first hemp crops evidence that all the crops turned to dust? No. they had 60 tonnes of seed. This alone should have exceeded 500k revenue.

3) Was the company not transparent and failed to report to the market or its shareholders about the difficulty of the first 12 months? No. The company was not transparent about the initial 20 tonne planting. The report you note, is the 1st Half FY2019. Dated 31st December 2018, and released to the shareholders on 24th MAY 2019. This is a long way from the 2017 planting of 20 tonnes of seed that was to equate to 500 tonnes of harvested seed in early 2018 (Feb/March), and early 2018 updates on lush green fields of the winter hemp crop. 4) In general, for any public company, should a Company HY/YR Report be the appropriate place or setting to update shareholders on the difficulties, challenges, or successes achieved during an operational half or full year? If the company can make a separate update on its discovery of a triploid, they could and SHOULD announce to the market, that their 500 tonne forecast has fallen short, whether they know the reason or require 12 months to investigate the soil breakdown. If they make the claim that they are planting xx tonnes for xxx tonnes harvest, it is incumbent upon the directors, to keep the market informed.
In my opinion, the company failed to keep shareholders informed of their progress, and this is one reason why shareholders are so frustrated, as any bad news or failure, is swept under the rug and forgotten.

Expand

The December quarterly report, was announced on 1st of February 2019.

Why was the outlook still rosy then? Summer seedlings were experiencing accelerated growth, as at the 31st of December.

But the half yearly report, also dated 31st of December, states very different? How can you continue something, that has never been mentioned before?

December 2018 Quarterly report..
https://newswire.iguana2.com/af5f4d73c1a54a33/cgb.asx/6A918771/CGB_Quarterly_Activities_and_Cashflow_Report

CGB Price at posting: 2.1¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

TYP

Tryptamine Therapeutics wraps up first-ever IV psilocin injections to establish baseline safety data

The Rising Tide: How institutional adoption is shaping the future of crypto

There are more pages in this discussion • 81 more messages in this thread...

First 57 Last

Add CGB (ASX) to my watchlist

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-57

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Tryptamine Therapeutics wraps up first-ever IV psilocin injections to establish baseline safety data

The Rising Tide: How institutional adoption is shaping the future of crypto

Featured News