https://www.asx.com.au/asxpdf/20170530/pdf/43jlysf916bjtb.pdf...

https://www.asx.com.au/asxpdf/20170530/pdf/43jlysf916bjtb.pdf
MCL had to provide formal legal opinion to ASX etc for the initial aquistion, link here to refresh your mind.

So i would logically deduce and form a possible opinion that this long winded deal they have done or are doing or are trying to do has blown the old formal legal opinion to bits for whatever reason unknown to us at present time. A Lawyer would have a better chance of working it out than me i would say.


Below is part of dot 4. Seems like QBL loadsheds responsibility as it relies on MCL for accurate info. Link below.
As the Board of QBL
are reliant on the board of MCL to provide accurate information for release, we could
not take the responsibility to
release any information prior to the board of MCL
reviewing the release which was done in as timely a manner as practically possible
under the circumstances.

https://www.asx.com.au/asxpdf/20170317/pdf/43gwm19363dnrr.pdf


I rode the first wave here and have been on sidelines since mainly because i don't get the info in the 5B that i want. QBL's 5B is also called a " Mining exploration entity and Oil and Gas exploration entity report " This is when QBL owns 55% of MCL and MCL has cashflows and debt (i Presume) and QBL dosen't have cashflows but does have a burn rate, how can they be allowed not to give us all the bookwork on MCL and its other things like Coolum hemp hulling etc, where are the sales, the costs of selling the seeds etc?

AC8 a Cannabis share gives us an appendix 4c and its called " Quarterly report for entities subject to listing rule 4.7B " Link below

https://www.asx.com.au/asxpdf/20180426/pdf/43thy7mh46xzw6.pdf

Why don't we get one of these? Is Steinpress struggling to keep the structure and disclosure for QBL the way it has been? Maybe the ASX needs them to IPO MCL for clarity?

Anyway, just thought i would throw up some thoughts but at the end of the day i'm just a mushroom like the rest of us.