CGB 0.00% 2.1¢ cann global limited

Ann: CGB WELCOMES TGA FINAL DECISION ON CBD PRODUCTS, page-30

  1. 3,871 Posts.
    lightbulb Created with Sketch. 3205
    I see a lot of different perspectives on CGB from all sides of the fence.

    I was a hopeful once upon a time but I think with track record to date, market/regulatory maturity and shares standing to be on issue the best way to look at CGB from any side of the fence...

    A casino!

    Your not buying into the casino...It's more a cover charge to pay for managements salaries, the pretty drink girls & the blackjack dealer.

    You keep saying hit me until you hit 21 or go bust...You win some hands & lose others...If your lucky your holding more chips when you leave than when you entered.

    But you never expect a piece of the house or house takings.

    No-one cares about fundamentals any more, it's all about the pumps and the dumps.

    no point complain about Casino wages or taxes, you either take the dealer on or you don't.

    That may sound negative but that's effectively the state of affairs these days, unfortunately there gets to a point of dilution where any profits would be like watching 'The Bundy Family ' fight over toaster shakings.

    Traders need to stop banging on about dilution, salaries or fundamentals like they matter a rats to you..Just say "Hit me"! The Feldman's are accommodating your stints at the Blackjack table which I'm sure your all forever grateful.

    Institutions of late are helping fund the Casino in turn for a seat in the mahogany room & some complimentary chips ready to cash out.

    Investors...Well you should understand the lay of the land- shares on issue, history, target markets, cash on hand etc etc...Perhaps balloons will fall from the ceiling one day after a crank on the penny machine handle to say you've won the jackpot.

    For investors it's a long shot to ever see meaningful dividends with the amount of shares on issue but if any sector is going to bring the sort of revenue to achieve this its pharmaceuticals.

    Best of luck to everyone...Happy feasting...May Canntab bring riches for everyone in the future.
    Last edited by BigDaniel: 17/12/20
 
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.