I was actually surprised to see a negative headlined...

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YankieTank

924 Posts.

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08/07/22

08:35

Post #: 62433578
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Originally posted by Aussie Eagle: ↑

That's hilarious !
"As a result, Cann Global is disputing outstanding fees for the services that the Board believes were not adequately provided in accordance with the Facilitation Agreement"

Sholom, just pay up will you !
You didn't have a problem paying your mum everything she wanted, so what's the problem here ?!

That initial agreement with Medcan was for the 1st two years of relisting (according to the 2018 Prospectus) so it was only (by the looks of it, dyor) on a 'rolling' basis after that which would have been from July 2021 - having relisted in 2019.
They were being paid by a Quarterly arrangement so even if the renewal was on an annual basis, we are now at the end of that 1yr extension anyway, therefore nothing could be owed imo, unless they (cgb) halted payments some time ago.

The last thing needed here is an expensive law suit for no good reason.

The blame game started with Sholom accusing shareholders for the share-price collapse, now he's moved on to blaming Medcan for non-performance.
He doesn't seem to realise that as MD, it's HIS responsibility for the company to perform on all levels which includes the services of contractors.
He should have been harrassing them a long time ago over the Canntab order still not appearing to be completed - but he never updated the Market either as to when the rest of that order was due for delivery via Medcan's licence.

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I was actually surprised to see a negative headlined announcement. I may be wrong but I don't recall ever seeing one in the past. Normally there is no follow up if things fail or don't come to fruition. And yea a little accountability wouldn't hurt from time to time

CGB Price at posting: 2.3¢ Sentiment: Sell Disclosure: Not Held
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