CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-1700

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nrl1970

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22/11/19

10:47

Post #: 41573686
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Originally posted by Basileus: ↑

Morning EOF

Thank you for your offer.

I will keep them short - I admit that I can be a tad verbose at times!

1. Have or, will the CGB BOD, resolve to review all expenditure items particularly in light of the, "difficult MC trading environment" as noted by the rep recently and given proportion of funds committed to management services agreements etc.

2. Is the BOD able to highlight the advantages of the recent convertible note issue to shareholders, particularly in light of the dilution suffered by existing holders as result of that decision?

3. Is the BOD able to explain why they do not pursue outstanding debts (which are relatively considerable) that are owed to the CGB shareholders?

4. Does the BOD expect to provide any further interest free and unsecured loans to any party?

5. With respect to the current loans provided by CGB shareholders to related entities, is the BOD able to note the conditions attaching to those loans - e.g length of loan period and expected loan closure date?

6. Is the BOD expecting or, able to provide a trading update to the market via the ASX particularly in light of the, "difficult MC trading environment" as recently noted by the rep?

@CGBrep - I appreciate your polite offer to contact the company and the general tone of your response. I do think you could have answered those questions and I wonder why you didn't? I have not decided either way on the invitation to contact the company.

Thanks @Ex Oyster farmer for agreeing to relay these questions

Expand

Thanks @Basileus 6 well articulated and pertinant questions relevant to all shareholders in the interests of BOD transparency.

Six questions I suspect the BOD will avoid providing the courtesy of clarity to shareholders at all costs. I expect more circle work by the BOD blaming whatever they can dream up to add to their ever growing list of company draining methodologies.

CGB Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-1700

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