RE:RE:RE:RE:Bruce LintonDon't they have around 250 million in assets alone? I would consider a price under 3 as undervalued. I think the downward pressure on the SP is due to uncertainty, shorting and market conditions. I think it will go up considerably whether the deal is terminated (which wouldn't be ideal for either Cresco or OH) continued or changed.
The big question is whether the deal will change or not, and whether that change will result in a new shareholder vote (and the outcome of that). I should also add that it is not even clear to me whether a renegotiation is even happening, and if it is, the direction of it. As has been posted, there is even speculation that they are looking for a higher ratio than the 0.84, given Cresco is down close to 50% from its all time high and down from the point at which the deal was originally negotiated. Cresco wants to buy them for their assets, intel and model, and valued that at a much higher price when the deal was originally set. That being said, Cresco may also be using the market conditions to renogotiate a better deal for them, so who knows???? Outside of the two companies of course :)