CGB 0.00% 2.1¢ cann global limited

Ann: Voluntary Suspension Extension Request, page-93

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  1. 12,728 Posts.
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    How does MCL do an acquisition without
    QBL diluting their 55%,which I think they already have.
    You can't have 55% if they are issueing equity in MCL.
    Qbl had the initial 55%.
    After that MCL issued $613k of equity.
    Walthanna are to be issued $1.5m of MCL shares.
    MCL have debt of $1.5m.Is that to be converted into equity.
    Now MCL is doing a major acquisition.
    If they issue more equity in MCL,how do QBL maintain 55%.
    As I mentioned,they are doing a great job for MCL but
    not so for qbl shareholders.
    That's why they should have re-complied to benefit qbl
    holders fully.
    On top of that,qbl were capped at $700k investment
    without re-complying but qbl shareholders are paying
    $160k in travel last quarter for the benefit of MCL,
    plus extra rent,management fees.
    MCL are a better company than 12 months ago,
    but what is qbl share of this enlarged entity.
    Re-comply for full benefit to qbl shareholders.
    You should be happy the ASX is looking after you so you
    don't end up with 20-25% of MCL after it lists.
    Don't forget MCL have to raise $3m to invest in Israel
    not to mention further cap raisings.
    Good luck.
 
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