Ann: Proposed issue of securities - CGB, page-10

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jcurve

4,222 Posts.

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03/09/21

10:19

Post #: 55802879
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Originally posted by Basileus ↑

"Securities are proposed to be issued in settlement of the Company's obligations to AGMPL as detailed in the Company's
announcement dated 30 August 2021"

If, I was a holder, I would seeking further information on exactly what were / are the Company's obligations to AGMPL?

And if there is a general enthusiasm by the BOD to discharge 'obligations' - what about the $1,200,000 that is still owed by Volcan to CGB for ML1492?

Walking out the door with 70,000,000 shares while holders wealth has been decimated. And all done within the context of a 16% decrease in revenue and a reported total loss of $4,770,000! Oh and rising admin costs ... of a mere 53%

And, from page 40, "The situation is rapidly developing and is dependent on measures imposed by the Australian
Government and other countries, such as maintaining social distancing requirements, quarantine, travel restrictions and any
economic stimulus that may be provided." (my bold)

And yet there has been a spend of $134,000on travel expenses. (page 1 Financial Report).

And the clincher.

"Mrs Feldman said, “I’m proud of Cann Global’s recent progress on various growth initiatives,"

Does that pride, I wonder, extend to the millions of dollars of shareholders funds that have been lost by this "company"?

Hmm

Expand

Great questions.
I feel like they’re proud as I feel like this was their intent from the start.

CGB Price at posting: 0.5¢ Sentiment: None Disclosure: Held
3 Upvote

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