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Ann: Company Update and Request for Extension of Suspension, page-13

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jcurve

4,261 Posts.

1477

17/09/23

22:50

Post #: 69893133
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Originally posted by Basileus: ↑

@jcurve

Yep ... it's the same old story. And now holders have to wait until October - it's farcical in my opinion.

Anyone still viewing this as a positive needs to read up on confirmation bias.

"The Directors again wish to thank our Shareholders for their continued patience as we seek to secure
this significant transaction for the Company’s future."

Patience? Is there a choice? Does anyone know how much is left in the bank to progress this "significant transaction"?

There has been no discernable progress over the past 12 months - have salaries been paid - has travel been undertaken?

Irrespective of this long suspension - what has been the commercial activity of CGB products, or has all of that at a standstill?

The current suspension is in place because of this "significant transaction". However, it should not have precluded commercial activity on existing company operations (whatever they may be).

Shareholders must be provided with updated financial information on existing operations.

Why has this not been provided?

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I'm surprised the ASX is allowing it. It's making a mockery of them in my opinion.

CGB Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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