CBD - Cannasouth Ltd

[Toddy]

I can now see the sticking point. These companies tend to sell the silverware to survive. But in this case the silverware has a security over it.

My main question is still how did this happen so fast. Even the notes were issued for a 24 month period.

Depending on the cash burn from Jan to today (calling that 100 percent liability) add to that the notes value. Then take the plant value ( discount from bv as the market is tough and will take a lengthy period to sell)..... Then the Administrators are only left with one option. That is ask for shareholders to cough up say 10 million. Chances of that happening, I do not know.