Gaby Inc GABLF

RE:RE:Whats up

[olive15]

No news on why they dumped the President, Jamie Faye. Clearly, Margot not happy with him. Good to see a show of confidence by Margot, buying more shares. Guessing share price getting a lift from this move, and general sector move up. That said, trading value remains minimal (~65k), and subject to manipulation, as this company is off radar for most. Still, I was a buyer today believing GABY has bottomed, and seeing minimal downside risk to share price moving lower. If Margot can show some positive financials down the road, we'll be looking at huge returns based on current price.

GABY Founder and CEO Consolidates Executive Roles - Taking Over the Role of President and Increases Shareholdings to 21.93% of the Company

5 hours ago by Accesswire

 

SANTA ROSA, CA, AND CALGARY, AB / ACCESSWIRE / January 15, 2020 / GABY Inc. ("GABY" or the "Company") (CSE: GABY) (OTCQB: GABLF), a U.S.-focused, California based consumer packaged goods (CPG) company operating in both the regulated cannabis sector and in the mainstream channel with its hemp-derived CBD products, today announced its CEO and co-founder, Margot Micallef, has consolidated certain senior executive roles and has taken on the role of President from Jamie Faye, who is departing the Company effective immediately. Ms. Micallef also increased her holdings of common shares in the capital of the Company ("Common Shares") by 16,666,666 through the conversion and settlement of an interest bearing C$1MM note owed to a wholly-owned holding company of Ms. Micallef into Common Shares (the "Debt Conversion"). Prior to the Debt Conversion, Ms. Micallef, directly and indirectly, owned 28,466,090 Common Shares representing 13.83% of the issued and outstanding Common Shares. Immediately following the Debt Conversion, Ms. Micallef increased her direct and indirect ownership position in GABY to 45,132,756 Common Shares representing 21.93% of the issued and outstanding Common Shares.