RE:Why I think this offer is on the up and upPennyGee wrote: Hindenberg's "Round 3" are well founded.
Aphria's connections with the bidder are real for sure, and the bidder is definitely a smaller business - at least at this point.
But the accusations are much like Hindenberg's "Round 2".
Hindenburg made a strong case, but he failed to find anything illegal.
More importantly, he failed to find anything that can convince investors this offer is a joke.
What convinces me this offer is NOT a joke is - the offer per se.
If, as Hindenberg suggested, the offer is just a ploy to spur other offers from "real bidders", would the current "fake bidder" set their bid at $11 per share?
No, they absolutely wouldn't.
They could have easily set the offer at, say, $12 or much higher.
WHO would have been so stupid to use an apparent lowball offer to spur "real bidders"?
The current bidder, small as they are, wants Aphria and there is nothing fishy in their bid, as far as rules and regulations re competitive bidding.
Hindenburg urgently needs a Round 4 if he still intends to prove his short reports are relevant at all to the shorters' universe.
Penny Gee
The bid hasn’t happened yet really and the 11 dollars means not much when GGB valued their shares at 7 dollars. Actually this statement from GGB values Aphria shares around 7.60. None of us in our right minds would want this to happen even if the offer is better. I will not say yes to trade on the CNX again!! If that’s not going backwards I don’t know what is.