Post by
spurwing2 on Jul 17, 2019 12:08pm
Lost half of it's sp?
CannaRoyalty ran up to over $13.00 CDN and back down in the 7's.Can't seem to even rise
above $8.00 now.What's the problem here?
Comment by
longsolo on Jul 17, 2019 4:31pm
Problem is the deal was a scam to begin with. The stocks price is keeping around a 20% gap with cresco. When the actual deal happens we will be no further ahead. In fact we would have been better selling oh and rebuyin now. Retail investors make nothing from the deal.
Comment by
TeamEddie on Jul 17, 2019 4:34pm
ya Bozo the deal needs approval still and then the gap close
Comment by
longsolo on Jul 17, 2019 8:59pm
Yes of course the sp "gaps up" once the conversion happens. The sp for OH has dropped in half since the announcement. The point is we are still WAY down. Like the title says " lost haf the sp price". Add that to the deppressed value of cresco, we gain nothing. Best we hope cresco keeps a 20% gap and does not come down further still.