CANN GLOBAL LIMITED (ASX:CGB) - No Seriously - Where's the update?, 67594559, page-41 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Christopher67: ↑

Evidence? Are you referring to a Q&A where the MD stated "It seemed clear to us that many of ASX's issues were due to our own shareholders or hot copper social media keyboard warriors contacting the ASX and raising issues with the ASX that in turn the ASX felt the need to scrutinize our Company more than what would have otherwise been the case." ? That is not evidence of fact. It is merely evidence that the MD thought that this was the case. The MD did not say "ASIC TOLD ME SM WARRIORS CONTACTED THEM NOW WE MUST SCRUTINIZE YOU PROPERLY" This would be undeniable proof.

He also mentioned dividends, and a billion dollar market cap? I am not sure how much faith i can place in assertions not backed by evidence.

CGB is a minnow, ASX is more worried about the sharks. So no matter how many spots this minnow cannot change, ASX does not have them on speed dial.

You may be close to the mark, but you are holding the map upside down

Still not seeing any evidence that ASX queries are reported to the market independently of the company.
Time will tell, i will be keep a very close eye out for them in any "response letter" that turns up.

Hope you enjoyed your holiday from posting, it was getting tedious only bantering with the #2 cheerleader.
Put on some Elton and put your feet up, its going to be a long wait till we see an announcement

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"The ASX felt the need to scrutinize our Company more than what would have otherwise been the case."

I guess that's a depiction of the ASX's responsibilities that they would have a close look as they should.

"more than what would have otherwise been the case"

Maybe that's some kind of an idea about flying under the radar ?
We've seen the movies about drug dealers hiding in places they thought they wouldn't be caught.

So why wouldn't CGB be scrutinised ?
That's what the whole listing process is all about.

So, the situation here is that :
1. No financial update for the 6mth report up to 31 Dec 2022
2. No financial update for quarter ended 31 Mar 2023
3. No update on being prosecuted by Medcan for non-payment
4.Regulatory Authorities ? Nonexistent insofaras current events are concerned.
5. The original excuse for suspension approx 7mths ago was about an acquisition which morphed into more than one acquisition.
6. Investors are being kept in the dark by the responsible authorities as to the very simple exercise of declaring how much cash remains in the bank, as well as how much interest has been earned on it.
7. Where is that cash held ? Offshore ?

Maybe at a point in the not too distant future the ASX themselves will be scrutinised for ethical and responsible behaviour, who knows eh.

To be complicit in aiding a wrongdoing (if it were proven to be so) puts the ASX themselves (as I've mentioned) into a questionable position.