Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

Click for more information

0.00%

2.1¢ cann global limited

Ann: Share Placement, page-47

First 47 Last

Share
Profile

Follow
Radish

4,134 Posts.

11

21/02/20

10:19

Post #: 43065049
Share

Originally posted by Frewak: ↑

The amount of cash available to this company over the last two years is more than enough to have created a going concern.

The fact that they haven't been able to balance the spreadsheet to establish a profit margin and then build upon that profit, suggests that this is not a commercial business model. I won't speculate on what else it could be.

Hand me $6m and I would be profitable almost immediately. At the very least I would set my pay at a sustainable level so as to put the interest of investors before my own. That would be the responsible approach.

Simply holding a title doesn't entitle you to money. Performance does. I doubt any business anywhere would have tolerated this level of poor performance for this long from an employee. Why have shareholders?

Expand

would have been better buying into TURD farming, this has to have been my worst investment, first all the hype about mining and exporting with ports already for the bauxite and now this which seems to be becoming the in thing for lots of company's with competition in Hemp getting overloaded..

CGB Price at posting: 1.2¢ Sentiment: None Disclosure: Held
9 Upvote

1 Great analysis

Reply

First 47 Last

Add CGB (ASX) to my watchlist

SPONSORED BY