Post by
kingbear on May 08, 2020 1:16pm
Disappointing
Simon has now sold over 10% of the company to unnamed investors and they can't even tell us longs who it is. Almost 15% dilution since late January as well sold to this investor. This is why the SP is held down, for this investor to continue to increase their ownership, what a joke. I think their end game is to take this private.
Comment by
Trixter on May 08, 2020 1:53pm
Well Said Alex !! Cheers to all--Trixter
Comment by
kingbear on May 08, 2020 1:54pm
Well I think the end game here is for the mystery investor to take the co. private or have Aphria purchased for cheap. This investor has enough shares to sway any sort of shareholder vote in their favor. Good news is if this does happen we'd get $7-8 per share, bad part is many would still take a loss. We'll see I guess, but I'm not happy and no longer trust Simon.
Comment by
Alex1100 on May 08, 2020 2:00pm
The market has clearly shown what it thinks about this transaction. Full stop.
Comment by
GasPro2017 on May 08, 2020 2:05pm
I would not let the last few hours of trading be the indicator of what the market thinks. Shorts always come out on days like this. But they do have to cover Could esily see this close the gap soon.
Comment by
ArimaForecast on May 08, 2020 3:01pm
I doubt we have takeover bid soon . Like Hudson's Bay, one night go from 6 to 9.5 and after 11.5