CGB cann global limited

Ann: Quarterly Activities and Cashflow Report, page-102

  1. 2,250 Posts.
    lightbulb Created with Sketch. 669
    Oh, by the way, be prepared for this from the re-listing details :-

    524,190,808 fully paid ordinary shares classified by ASX as restricted
    securities and to be held in escrow until 16 August 2021, being 24 months
    from the date of reinstatement to Official Quotation.

    I think these are for MCL management ?
    Anyway, they represent $2.6M @ 0.5c but (if) as soon as they start to get sold off, it's anyone's guess as to where the sp could tank to.

    In the meantime, imo, there is a good chance that the sp could be manipulated back up to the 0.8c area (to facilitate some offloading of this escrow) which could open a door for anyone buying/risking at the current prices.

    Buyer beware, dyor

 
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