Another article in the AgeMystery over pot stocks’ diminished...

Another article in the Age

Mystery over pot stocks’ diminished interest returns from $10 million

It’s a question that is causing quite a buzz among investors in a pot stock which never quite took off -- how can a listed company earn just $2000 in interest over three months on nearly $10 million of cash?

That’s the issue shareholders in Cann Global are mulling after the group reported that it earned $2,000 in interest in its September quarter report which was released on the ASX on October 28.

The interest figure is far less than the $90,000 in interest declared from the same $10 million bank balance which the company reported in its June quarter report, which reported a total interest of $163,000 in the year to date.“Where is the money? There couldn’t have been much of it in the bank to only make $2000 interest,” one shareholder told The Age and the Sydney Morning Herald.