Allow me to post a contrarian view then - the unsecured loan to Volcan is not cash, however is recorded as a liability. Please explain the difference. As far as shareholders are concerned, Volcan owes that amount, in dollar value or otherwise, to CGB am I right?
And correct me if I'm wrong, but Volcan and CGB are controlled by the same entities yes?
Additionally, very easy to blame poor performance on covid-19 in the current climate. However, covid-19 hasn't been around for 12 years? Hasnt the mining licence for bauxite been in the pipeline for 5+ years? Why is the geologist being paid?
If the market conditions are so tough, did the BOD commit to cutting their salaries to preserve cash? ~$400,000 each seems to be excessive given "current market conditions ". And why is the SUN legal action apparently immaterial to CGB shareholders as CGB owns ~55% of Cann Global Asia?
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