Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

Click for more information

0.00%

2.1¢ cann global limited

Mars Mines Ltd (Feldman&Co) / BuscarCompany/Eon Discovery Inc / CGB Mgmt, page-23

First 23 Last

Share
Profile

Follow
Neil1959

3,018 Posts.

1930

09/09/23

15:44

Post #: 69796600
Share

Originally posted by Christopher67: ↑

Its more interesting when you look at the amount of shares issued for that "cornerstone" investor, and they are showing in the top 20. . .
600,000,000 shares, after 25 to 1 consolidation = 24,000,000 shares.
Maybe it was an entire swathe of professional investors and they took a couple of mill of shares each?
Their consolidation price was 7.5c, so they wouldn't be feeling too happy right about now.

https://newswire.iguana2.com/af5f4d73c1a54a33/cgb.asx/6A1061228/CGB_Application_for_quotation_of_securities_CGB

Expand

Chris, I think, and certainly @jcurve or @amb005 could probably attest, you will see similar sad looking TOP 20's across most of these Cannabis stocks. I am one of those sad socks. Just look at MXC, CAN, EXL, AC8, MDC, BP8(SCU) ME1(CPH), ZLD even.

Last edited by Neil1959: 09/09/23

CGB Price at posting: 2.1¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

First 23 Last

Add CGB (ASX) to my watchlist