CGB 0.00% 2.1¢ cann global limited

What a pity the shareholder is!, page-8

  1. 302 Posts.
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    @Neil1959 - Hi Neil, specifically on this point with CGB.

    They have now accumulated $44 million dollars in losses.

    At one point was valued at $100m.

    What is there to show of millions spent on mining leases?What is there to show on millions spent on Israeli based research?

    What is there to show for millions spent on rent for a property they own and are now developing.

    What I can see is payments to themselves via elaborate company structures and clever accounting.

    $44 million dollars could have been spent on buying land, building facilities to cultivate, develop, manufacture and distribute.

    This is how a good company is built and by now would have been profitable and paying back it's shareholders.
 
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