I wouldn't be shocked at a reverse-takeover either.
Over $8m cash at end of Sept quarter, $5.5m market cap, $54,000 ($54k) income for 3mths, limited positive prospects to see going forward.
Dug the company into the bottom of a foxhole with shareholder funding.
Their re-listing mantra of 'creating shareholder wealth' is shot to pieces.
Using the word 'Global' within the industry on a $54k quarterly income is an insult to credibility.
Costs of over $500,000 to generate $54,000 ....really ?
BoD overweight with legal personnel that can't even represent the company in law courts.
If they can't generate any meaningful income within cgb, what company would entertain the prospect of being acquired by cgb unless the offer was loaded with incentives ?
- Forums
- ASX - By Stock
- CGB
- Ann: Request for Extension of Voluntary Suspension
Ann: Request for Extension of Voluntary Suspension, page-7
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)