CGB 0.00% 2.1¢ cann global limited

Ann: Placement of Remaining Entitlement Issue Shortfall, page-19

  1. 2,128 Posts.
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    Pretty much it was pumped through 7's in to 8's to facilitate the dump of shortfall shares at 100% gain,imo.
    Over the next couple/few weeks the rest of the shortfall shares will probably trickle back in as well, though at a lower gain.
    So in the meantime this overhang will be suppressing the SP by the looks of it.
    As a longterm holder, it suits me fine as I can top up at my leisure. Not so great for those who bought for a quick buck as the pump was happening.
    Down tthe track, there will have to be a consolidation of around 10:1 which isn't often good Imo.
    Then, once the Market can figure out an average PE ratio for this new industry, there will be more solid valuations to work with.
    Just my assessment of things, no advice intended, DYOR as always
 
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