CGB 0.00% 2.1¢ cann global limited

You keep on bringing up EOMs from auditors for other companies...

  1. 289 Posts.
    lightbulb Created with Sketch. 92
    You keep on bringing up EOMs from auditors for other companies like it is a feather in CGB's proverbial cap. CGB contains a near identical going concern note in their financial's and the only reason there is no EOM is merely because they maintain a balance in their bank account sufficient enough to get them through to the next year.

    This pattern of behaviour could be construed as being due to the boards significant experience at running loss making enterprises and knowing the importance of receiving 'clean' audit reports to assist in raising capital (and keeping the gravy train going) when they have not made any returns for (unrelated) investors over any companies iterations.

    That being said, I do quite enjoy following CGB as the amusement never stops.


 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.