CGB 0.00% 2.1¢ cann global limited

Ann: Reinstatement Update, page-132

  1. 1,406 Posts.
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    I looked at this company over a year ago when I was looking to invest.

    I queried the quality of purchases and activities as financial statements didnt indicate much going on.eg
    A farm would have, water, fuel, fertilizers, tractors, transport costs. I couldnt see evidence of any of that.

    I looked at a purchase they made for cash and shares.
    It was a website with nothing.

    When I raised my concerns on this page, I was accused of being someone else and called a down ramper.

    Recently I looked the financials. If I was a share holder, I would be asking how the travel costs were incurred and also the rent.

    When Ecofibre IPO’d I looked at their financials and invested in them which has been a wise move to date.

    Noticing CGB in the Most discussed column tonight, I looked at the comments.

    It seems I had good reason to be concerned last year.

    The cannabis space is very much dividing into the good, the bad and the ugly. More so with the coming FDA rulings in the states. Australia will adopt their rulings I am sure.

    At this stage, I feel sorry for investors in this company.
 
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