CANN GLOBAL LIMITED (ASX:CGB) - CGB - 1.9c to 7.2c - What will happen in the next 6 months., 41084180, page-1294 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Basileus: ↑

"I get the feeling from this recent update that Sholom is looking at spinning off the mining side of things. QBL 2.0 perhaps." (sic)

They might well be considering spinning off the bauxite interests? They have already handed off ML 1492 for ... nothing ... as yet. No funds received for that asset ... yet! They "sold" it to Volcan (a related entity) but Volcan have not paid for it ... yet?

I can't see a buyer emerging for South Johnston.

The inescapable fact is, CGB and its two predecessors (AGV and QBL) have been burned up millions of dollars that were acquired from capital raisings from other people and for some years now. Ask yourself - what is the one constant that features in the expense accounts of these three companies?

Perhaps, a shareholder inspired revolt leading to a Board shakeout / cleansing might improve the overall prospects for all shareholders? It's worth considering.

Change can be a very good thing for all organisations.

Fact is, I still can not see how the skills and experiences of some members of the current Board are relevant to a company looking to build and consolidate a position in the MM industry. In my opinion, CGB might be better served by commencing a program of significant financial reform and concomitantly acquiring relevant expertise within the MM industry at the Board level.

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imo they should ditch the bauxite & Dr (within 6 months if nothing happens) and use the money for an experienced MM and or well connected board member. or save the money and put it into stock.

Im not getting into the politics of the admin and loans etc you guys can deal with those issues if you get changes great. but im more focused on the next 4 quarterlies. Although I have been contemplating what the company could do with the $1.2m if it was repaid. We could use it for stock.

I also think we need to give them some time to get some traction and bring the economies of scale up to acceptable levels. The global market is terrible at the moment as we know and CGB would also be affected somewhat by that overall negative market sentiment.

Only another 4 days before we get some news but as someone else mentioned the lack of news may just be because they dont have any.

Im hoping for something special after all this time because participating in the CR turned out to be a disaster(my decision) and im doubtful now the options will be in the money by april .

mergers acquisitions takeovers may be on the cards over the next 12-24 months. A consolidation as well most likely within 12 months imo

Fingers crossed because praying isnt working for me