Post by
geodcan on May 18, 2023 3:35pm
Major dissapointment
that BHANG, a namebrand, award-winning sku line is halted for lack of management ability to produce the necessary paperwork to maintain listed status on the CSE and yet is still trading on the otc US exchange moving closer to zero value.
A lot of this securities anomalies need to be fixed, legally by SEC or other financial watchdogs.
Shareholders of these junior pot hopefuls should have an option of voting in somebody that is professional management capable that can deal with the basics like filing reports on time when management doesn't take care of business like it should be handled.
I've entertained the theory that this type of behavior of stagnating a company is their plan to convert shareholder's invesments into spoils to be swooped up when shareholders think it is a lost cause.
Management principals usually quietly take control by taking shares and options in lieu of cash renumeration that are generous enough that they have the controlling vote and only they know what the residual value really is when they pick up the pieces that are left over.
Our securities watchdog needs a new set of teeth to sink in to this kind of management abondonment.
glta and dyodd
Comment by
nightowl21 on May 25, 2023 12:31pm
I agree with most your comments....these delay tactics are very disappointing! But I am inclined to beieve that Bhang management knew it would likely trigger a ‘cease trade’......ie there are some things happening...maybe mergers whatever...I expect the filing to be extended maybe June 15,! Maybe while we are waiting the..Safe Banking will be passed..lol!