CGB 0.00% 2.1¢ cann global limited

Court Update November 28th 2022 Medcan v CGB, page-224

  1. 2,148 Posts.
    lightbulb Created with Sketch. 608
    I think they've got until pre market open on Monday to lodge it Chris.
    But they still haven't lodged the six-month report which is very late now, but what's the worst that can happen...suspension ? Lol.

    Actually they can get delisted (not trying to be a scaremonger btw) if the 6mth report isn't submitted within 12mths of the deadline - but there's a long way to go before that cut-off date.
    They'll be very much aware of that anyway.

    So, if I were ASIC, and considering they've been bandying the potential of acquisitions, I'd be asking them two main things...
    1. Why is the 6mth report late ?
    2. Why is there as yet no resolution to the prosecution case with Medcan ?

    Furthermore, if I were to be a takeover/acquisition target, I'd probably ask similar questions.


 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.