CGB 7.14% 0.8¢ cann global limited

Afternoon Bas, Whilst I agree with you that there is a distinct...

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    Afternoon Bas,

    Whilst I agree with you that there is a distinct difference between bauxite & hemp/mm wouldn't you agree that the value in a CEO lay not in industry experience but business acumen & decision making?

    I dare say that an Alan Joyce from 'Qantus' or a Sam Walsh of 'Rio Tinto Group' would be highly sought after for a CEO role across multiple industry.

    With the exceptions of Pnina & Sholom CGB would largely have a new team behind it since it's switch from predominantly bauxite to hemp/mm. This new team brings with it a wealth of industry knowledge like Andrew of MCL to name one.

    CGB have a team of industry expert.

    It's an assumption that CGB do not have the relvant experience to navigate this re-complaince process purely based on it's lengthy suspension & number of prospectus.

    It is more a reflection of an extensive process, requiring complex consultation with both shareholders, partners & the ASX. In addition the administrative framework needed to support the new business structure was not pre-exsisting to this re-complaince process & will need to be carefully implemented before re-listing.

    If CGB were a bank with billions of dollars behind them & the same level of human resources than perhaps this process would be expedited, a banks weight of influence would not go astray either at this point of time.

    Unfortunately it does not have these luxuries available & shareholders will need to continue to be patient.

    Dan.
 
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