CGB 0.00% 2.1¢ cann global limited

Ann: Suspension from Official Quotation, page-136

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,872 Posts.
    lightbulb Created with Sketch. 3205
    Was a much better tactic to possibly over shoot with 8c cr than say 5c & place negative drag on the sp.

    Capital raises can be tricky at the best of times but when it's packaged as part of a major re-structure & consolidation it's on another level!

    Most mm stocks have retreated considerably over the last few months in what seems to be a market correction on possibly over bought stocks. This in conjunction with the complicated aquisitions & task of re-compliance has left QBL faced with lower than expected sp.

    Was always going to be a real struggle, the other alternative would have been to flag a $5 million cr to be at a price decided at a later date but we all know how much markets love suprises & this would have likey placed drag on the sp too.
 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.