Post by
geodcan on Apr 25, 2020 5:14pm
Your Dixie shares
are going to be revalued for considerably less than the last shareprice. BR has made an offer for a company that they know a lot about because Trip Keber built it and sold it, pocketed a lot of cash and is involved with BR. This was done in better days for potpreneurs when the price for shares was considerably higher. Dixie got torpedoed like almost 100% of the marijuana companies did and ipo'd at the worst time. They were ill prepared for what public life brings and ran it like a private company without concern for shareholders and that sends them rushing to the door. The shareprice tanked until the halt so shareholders can consider and vote on the offer although it looks like a done deal which may be the case because Keber still owns a lot of shares of Dixie, probably along with his friends and investors that could sway the vote from shareholders like myself that think it is undervalued. Old management taking over its former baby and they built value first time around. Can they pull what is left out of the wringer in tough times across the boards, never mind the multi black swan events that have happened for potpreneurs. I hope so because I am in at midrange of current stockprice and the high ipo launch. When this happens BR is going to take over the Dixie symbol and incorporate BR into key positions. The renumeration to existing shareholders of Dixie will be shares of BR brands at a portion of the shares once held and I believe they will retain the Dixie trading symbol because it is a better recognized brand. Then it will be up to the new/old management to try to build shareholder value of the combined entity. It is kind of like selling your premium automobile to a friend and when it quits running buying it back for a lot less money. glta and dyodd