CGB 0.00% 2.1¢ cann global limited

QBL EGM, page-158

  1. 12,684 Posts.
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    You will have your time in the sun.
    First deadline is the 14th.
    Dispatch of notice of meeting.
    If that's delayed,it all gets pushed further
    along to relisting.

    Next comes the ASX.
    1PG is delisting and moving to Europe.
    See their posts and article posted,

    Former High Flier 1-PageTo Exit Australia,
    Says ASX Doesn't want more Pot Stocks.

    Asx says,not true.
    Guidelines state that businesses wanting to list
    cannot have a vague or ill-defined business model,
    the business has to more than a concept,and companies that
    have not secured
    "key licenses,government approvals,intellectual
    property rights or other rights it will need to operate it's business"
    may not meet listing requirements.

    Might finally get a proper answer about manufacturing license.
    Was that sorted out.
    Will they raise enough cash to re-comply with listing rules.
    It all depends if people think it's worth over $100m on re-listing.
    Only CAN,EXL and AC8 have a larger market cap on the ASX.
    Without institutional support,shareholders won's be putting up much.
    Just have a look at AC8,only $1.8m raised from shareholders.
    Pot stocks,in downtrend also.
    For them to succeed,they need about $20m,get a proper office,
    and independent chairman,burn the bauxite double dealing contract and flog it off
    to whoever wants it.Maybe Dunn Mining can buy it back.
    Even I would buy.
    Good luck to all.
 
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