CBD - Cannasouth Ltd

[deez_nutz]

Shareprice went into freefall after the merger - my extremely uneducated theory on this, eqalis shareholders who suddenly had their shares converted to cbd ordinary shares may have sold their shares with no escrow in place to stop them getting their cash out, selling at market sell and basically bottoming out the shareprice. It went from 30c at merger to single digits in the space of a year, despite positive announcements of revenue and products being approved. Can’t help but think this was an intentional strategy - will find out once the administrators have their plan for the future of cbd.

Edit: Also interesting to see the CFO has resigned (fallen on sword?) - should we expect the same from the CEO/Chair/Board?