"it is hard to foresee how the expenditure of the remaining funds will directly benefit shareholders. At this rate, the funds seem destined to exist to pay out salaries and fees and administration costs at an increasing rate "
I for one have never seen any evidence of this management ever using shareholder funding to directly benefit shareholders - even going back to the QBL days, and before that. They wouldn't be in the current positive cash position if it hadn't been for the cannabis hype which is pretty obvious. The fact they're showing enormous failure (despite large shareholder funding) in this sphere begs the question of what's the next trick up the sleeve ? As you shared last week - could it be 'prospecting' again ?
Dipping into the wallet again ? That, for me, would only be for a couple of quick day trades if the right circumstances arose - certainly not to prop them up again in a CR to stop the wheels falling off their runaway cash wagon.
CGB Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held