PODA does not have 66.66% of the votes / to sweeten the dealManagement pulled off whatever it could come up with and, they only have 41% of the votes from their shady crowd.
They need another 25% for the vote to pass and, they DO NOT HAVE THE VOTES.
The volume has been very low and no one is buying cause they need to sweeten the deal or, there is NO DEAL.
Most of the buyers of later were penny flippers, people whom sold are actually even lower.
Alltria is willing to pay $ 130 million Canadian for heat and not burn device. Amount offered by Ryan to Poda shareholders of $ 55 million USD or, 40 cents per share is TOO LOWER.
The patents belonged to PODA until management decided to take it away from them for nothing and, sell it to Altria for $ 45 million USD.
Management needs to give up another $ 20 million USD from their end and, give it to PODA shares, say $ 75 million USD to Poda.
If they do that they votes will pass, if not, votes will fail.
Current price is indicative of failure.
Ryan will try one last sales pitch with Ritchie on June 2nd and if it fails, he will have to sweeten the deal or lost his nest egg.
Hold strong and management will have no choice but to give a respectable offer to shareholders.
My personal opinion