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2.1¢ cann global limited

Good evening Basileus,Whilst i am a new member to HC, i have...

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Cartier87

3 Posts.

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02/03/24

20:51

Post #: 72714378
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Originally posted by mangy: ↑

CGB was delisted in accordance with Listing Rule 17.12.

"The following entities have failed to lodge the relevant periodic report in Listing Rule 17.5 for a continuous period of 1 year after the deadline for lodgement
of that document"

The ASX is of the opinion that the company is either unable or unwilling. Just two options.

I'm not convinced, based on the released information, that CGB, with over $8 mil in cash, has been "unable" to comply with basic financial reporting requirements for over 12 months.

The Cannglobal investor center link is not working for me. Is it working for anyone?

I'd like to read the directors code of conduct.
I wonder how "acting, or failing to act in a way that results in the company being involuntarily delisted" fits in with the directors code of conduct?

From the October 2022 Appendix 4G:

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Good evening mangy,

My understanding is that whilst the company is in the process of changing auditors and going through the process with regulators etc, the financial reports during this process cannot be released unless signed off by the auditor.

Since the company has been without auditor for some time, i would suspect the accounts cannot be released to ASX .

Having said that, i don't quite understand why ASX does not understand the above ?

Originally posted by Basileus: ↑

"As told to me, by Sholom Feldman, I was informed that the company Reports are being reviewed by the new Auditors. These will be released "first" in the coming weeks as soon as they are finalised and audited."

This is a former CGB contractor and top 20 shareholder recounting what was allegedly told to him by a member of the CGB board.

It surprises me that all of the information contained in that post can be, as we are informed by this poster, so readily shared between two individuals who have been employed by CGB (at one time or another) and not the market and other shareholders.

We are even told that what he has posted today "is both legal and appropriate to help shareholders". Yet, the same information does not appear in anything that has been released by CGB to the ASX. Why?

Perhaps that poster could call his interlocutor back and request that CGB releases the information that was the subject of their conversation through the appropriate channels - the ASX!

After all - he did state that he was only here to help shareholders.

Forgive me for being somewhat ... bemused and underwhelmed.

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Good evening Basileus,

Whilst i am a new member to HC, i have been a reader of forums for many years. I hope this does not disqualify myself in your mind from commenting.

However, i can verify that what Neil59 has stated is correct with regards to Post #: 72696181.

As a holder, i have had conversations with Mr Feldman over the suspension period.

Everything Neil has stated in the said post has actually been released to ASX and is not confidentual in nature.

That is all i need to say at this stage.

CGB Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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