CGB 0.00% 2.1¢ cann global limited

Ann: Consolidation/Split - CGB, page-64

  1. 7,356 Posts.
    lightbulb Created with Sketch. 2815
    Yeah the market cap is under current cash levels, but thats if these cash levels are meant to be believed.

    They did a credit raise for $3.75 million @ 0.005 (half a cent) when they had 9 million in cash, and then the $1.8 mill cap raise @ 0.003, when they had 10 mill in cash.

    Why would you raise when you didnt need to, at the worst prices, doesnt make any sense, something is up with this cash in bank on the quarterlies. This company needs to be investigated.
 
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Currently unlisted public company.

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