Their % wasn't diluted, their share holding has moved from 649,254,394 shares down to 279,358,358
369,896,036 shares disposed of. $1,479,584 in value at todays share price.
No one else in 2020 had >5% shareholding besides Volcan and First State. their shareholdings havent (or marginally) changed, thus the change in their % is due to dilution.
But your other huge red flags, are that the Founding Director of Medcan, reduced his holding from 190 million shares, down to 39 million shares. 150 million shares bailed. Medcan are the importers of Canntab. Surely, if there was any indication it was going to be a rocket, the director would be holding onto his shares instead of selling out at all time lows?
I always assume the actual directors of the company, surely know more than i do. If they are buying in, it is generally a good sign. If they continuously refused to participate in any capital raise, or buy a single share on market, it tells me they have no confidence in the company, and they are just happy to receive a salary. IMO DYOR GLTAH etc etc.
CGB Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
