CGB 0.00% 2.1¢ cann global limited

Congratulations to all long suffering holders! I don't want to...

  1. 999 Posts.
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    Congratulations to all long suffering holders!

    I don't want to be a downer on this bright and cheery day,

    But its still pouring down in my part of town, no hint of sunshine here.

    Those 0.035c company transforming capital raise shares i got in 2019, are now worth (0.036 / 25) 0.0014, up from 0.0011 yesterday.

    If you had taken up the minimum $2,000 offer, yesterday your (57,143 / 25) 2,286 shares were worth $61.71, and today they are worth $82.29.

    $2,000 down to $82.29.

    One could only hope investors had some robust stock trading rules in place, and bailed out well before they saw a 96% decline in their investment. And if they didn't,,, surely now they would have learnt from such a lesson, and have such rules in place! Otherwise they will need to see a 2,341% increase in current value, to break even. A measly 33% just doesn't cut much mustard.

    But thank you, you naysayers and doom n gloomers, by taking your pessimistic posts elsewhere, you have allowed the share price to sprout and flourish!
    Just stay away for the next 10 trading days, if we see a 33% climb EVERY SINGLE TRADING DAY - we will reach $0.875, and be equal to the capital raise price on a 25 to 1 consolidated level. I'm sure we would see a swift change in sentiment on all social media, were the share price to increase by 2,341 % in 2 weeks!

    At least they have $10,385,510 in the bank as at 31st December 2021,,, They had $12,406,663 as at 31st December 2020.

    And didn't they raise $1,800,000 in October 2021 (less capital raise fees of $108,000) ?
    That means close to $3,700,000 dissolved during 2021. Close to a million dollars a quarter.
    Current market cap is $9,319,448.

    Hmmmm.
    I would be extremely hesitant to invest more funds into a speccy without some concrete announcements, actual sales, not triploid in the sky forecasts. But since this is not investment advice,, best of luck to those brave souls who plunged their funds into the ASX today!


 
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