CGB 7.14% 0.8¢ cann global limited

You are aware this $1.2m 'loan' as you call it did not originate...

  1. 310 Posts.
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    You are aware this $1.2m 'loan' as you call it did not originate from a cash advance, right? And that it originated as part of a collaborative agreement that did not come to fruition and was only payable when/if it did?

    The issue has been beaten to death and discussed many times but you can't leave out those pertinent facts..

    I'm not saying I wouldn't prefer it in the CGB coffers (everyone loves a war chest - I know I do!) but at the same time one wouldn't just pay money they are not contractually obliged to.

    A reasonable person would hazard a guess and say that the organisations assisting in the CR would have specified that the company pursue this amount if it was possible to. And I am also of the belief the ASX team reviewing would surely have assessed this in light of the impending CR.

    Big difference between impaired receivables and gifts/loans when looking at this matter. Origination is key.
 
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