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

CAN

Click for more information

0.00%

3.1¢ cann group limited

@sidage where is the basis for your comment 2, that 20 (half, as...

First 27 Last

Share
Profile

Follow
stapleslarge

112 Posts.

16

10/12/19

10:26

Post #: 41884792
Share

Originally posted by sidage: ↑

hi MWilson

No one is trying to upset you about a potential bankruptcy but please see the other side:

1. They have downscaled the operations substantially
2. Many staff have been laid off in the last 2 weeks (we have heard approx 20 staff laid off in last two weeks)
3. There has been no sign of bank funding
4. There has been no sign of a term sheet for a CR
5. The CFO (Richard Baker) resigned today suddenly

These are all signs of a company on the edge of bankruptcy.

Whilst I wouldn't wish this on anyone, we have to stay cognisant of the realistic likelihood of VA.

Expand

@sidage where is the basis for your comment 2, that 20 (half, as you later post) of the staff have been laid off?

CAN Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

PL3

Patagonia looks to raise $2.15M for South American exploration and development

There are more pages in this discussion • 21 more messages in this thread...

First 27 Last

Add CAN (ASX) to my watchlist

(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $14.01M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$48.52K	1.553M

Buyers (Bids)

No.	Vol.	Price($)
1	11871	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	99551	1

View Market Depth

No.	Vol.	Price($)
1	11871	0.031
9	547386	0.030
5	256000	0.029
4	892642	0.028
3	87037	0.027

Price($)	Vol.	No.
0.032	99551	1
0.033	370120	3
0.034	83720	2
0.035	110657	6
0.036	145000	2

Last trade - 15.47pm 09/07/2024 (20 minute delay)

CAN (ASX) Chart