Ann: Board Changes and Directors Interest Notices, page-122

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jantimot

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08/08/19

09:54

Post #: 39917233
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Originally posted by Basileus ↑

Well that was an interesting post!

Umm ... no ... that actually doesn't cut both ways.

As a shareholder you ought to study the financial reports a little more closely (accepted that there have been no quarterly reports recently) particularly the last Annual Report. From memory, the company recorded an approximate $5,000,000 loss.

As a shareholder that means your company lost all CGB shareholders a considerable sum of money in the preceding 12 months. Cut both ways?? Sorry ... can't see how you arrived at that conclusion - hate to break it to you but that cuts only one way!!

And I saw this written by a poster (https://hotcopper.com.au/posts/39906184/single) in response to the "update" from the CGB rep. Irrespective, I thought that the posters attempt to contact the ASX regarding the re-list was more substantial than the material posted by the CGB rep!

"What they could tell me was that is was currently being reviewed by someone in the ASX offices"

How is that news / update? I thought that the ASX had been reviewing the CGB re-listing material for some time now.

The poster concludes the post,

"... Hopefully everyone we will be out of this very soon."

Oh well ... hope is always good thing ... I suppose. But at least he made the effort.

Expand

To that $5m loss for the year to June 2018 you can add another $4.944m loss for the six months to December 2018 as per the unaudited half year accounts.

https://www.asx.com.au/asxpdf/20190524/pdf/445c51h63srqxc.pdf

The audited accounts for 2019 are due by 30th September, or in just over seven weeks, assuming that the company has resisted by then.

CGB Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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Ann: Board Changes and Directors Interest Notices, page-122

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