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CGB

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2.1¢ cann global limited

Love your work Bas keeping the bustards honest. This company was...

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MrAwesome

483 Posts.

148

03/09/21

23:06

Post #: 55825834
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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

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Love your work Bas keeping the bustards honest. This company was my first trade. It taught me to understand what a dog stock really was and what to look out for. Just last week I hit my first 6 figure profit in trading since leaving these guys and I did it in some way by avoiding companies that did anything like this one. Always an upside to every situation

CGB Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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