Correct. We shall not let this thread sink in the coming weeks,...

First 46 Last

Share
Profile

Follow
millimouse

272 Posts.

65

04/11/21

16:34

Post #: 57321252
Share

Originally posted by Aussie Eagle: ↑

Just a quick resurrection of this thread so as not to have it fade into the background, rather keep as a reminder of what's happening this month.
Firstly, the new 600,000,000 new shares get launched tomorrow (5th) and it remains to be seen what happens after that. They were 'given' to 180Markets for their clients so it's an unknown as yet just when those shares end up in those clients' brokerage accounts under their own names.

Ok, so that's the first thing...
Next is the proposed issue of 70,000,000 shares to the Pnina Feldman-owned AGMPL for termination of that contract two months into the new FY.
This is a resolution to be voted on in the November AGM
"Mrs Feldman has elected for settlement of the Company’s contractual obligations to
AGMPL upon termination of the arrangements to be in the form of an issue of 70,000,000
shares (subject to Shareholder approval). The proposed share issue is expected to be put
to Shareholders at Cann Global’s 2021 Annual General Meeting to be held in November 2021."

Now, as she's a related entity, she cannot vote for this resolution - pretty sure that's correct.
Nor, should she be able to use the voting power of shares held in any other related entity.

So..... this new 600m shares..they carry a lot of weight in voting ...just sayin'

Finally, notice of the AGM has to be given 21 days prior (14 days if there wasn't a special resolution) so that should be the next announcement in the next few days.

Expand

Correct. We shall not let this thread sink in the coming weeks, which are another juncture affecting all small shareholders.

CGB Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 118 more messages in this thread...

First 46 Last

Add CGB (ASX) to my watchlist

Correct. We shall not let this thread sink in the coming weeks,...

Featured News

AUKing expects spat over Tanzanian licences to be resolved soon

European Lithium scores US$15M deal with BMW for battery-grade lithium hydroxide

Frontier boosts project economic for Waroona with increased battery time and revenue

Ausgold raises $38M for Katanning Gold Project in WA

Multiple contract awards puts the wind in SRG's sales

Correct. We shall not let this thread sink in the coming weeks,...

Featured News

Top Stories

AUKing expects spat over Tanzanian licences to be resolved soon

European Lithium scores US$15M deal with BMW for battery-grade lithium hydroxide

Frontier boosts project economic for Waroona with increased battery time and revenue

Ausgold raises $38M for Katanning Gold Project in WA

Multiple contract awards puts the wind in SRG's sales