CGB 0.00% 2.1¢ cann global limited

Current SP, page-1835

  1. 3,215 Posts.
    lightbulb Created with Sketch. 1884
    Let me get this straight - you are unable to see the advantage and financial prudence of having your capital off the table and being free carried?

    It is the ideal position to be in - respectfully do you know what ''free carried" means?

    Example

    So you buy a million shares at an average of 2.0c (investment $20,000)

    SP rises to 10c - sell half (500,000 at 10c = $50,000)

    150% profit on your original investment and you still have 500,000 shares valued at $65,000 (using today's prices).

    If it were me - I would drop another 300,000 shares thank my lucky stars and invest my profits in a real company or property.

    Basic rules of prudent investing point to no more than 1 - 5% of your capital in spec stocks. Going by those figures you either have all of your funds in one spec stocks or your capital base is around 50 times your QBL stake. Impressive.

    They do not have a vertically integrated company - they just don't - what exactly are you on about????

    The only reason I comment is because these types of posts are plainly misleading.
 
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