CannaRoyalty Corp C.CRZ

I'm down so much. What do I do?

[YoungInvestor91]

Why am I still holding this? The market clearly thinks the deal is either not going through, or the terms will screw over share holders. I'm down 55% now. Is there any chance I even make it back to -20% at this rate? Even if the deal goes through un-amended, I'll own CL which will then have a share unlock in December. I think I should just cut my losses at this point. OTC stocks are a black hole

[prouditalian]

Wish you followed my advice mate! Follow your instincts and learn your lesson for the next time. Every investor makes mistakes and the key is to learns from them and get better. GL.

[retiredcf]

Unfortunately no one knows where the bottom is. The spread is currently at $2.36 which should be positive for OH if the merger goes through as planned. And as mentioned, in the event of no merger, some feel that OH has more potential without CL so that could eventually prove advantageous. But all of this is swimming against a strong tide of overwhelming negativitly for the MJ sector (including for

[YoungInvestor91]

The problem is even if the deal goes through unamended, we'll then own CL, which has a massive share unlock coming in December. SAFE is another coin toss. If that doesn't pass, I just don't see how the MSOs don't keep trending down.

[retiredcf]

True but at least OH's SP will appreciate in value to reflect the terms of the merger (worth $6.70 based on CL's current price). After that, you're on your own with CL. GLTA

[TeamEddie]

extending deal negotiations by 30 days 

[YoungInvestor91]

Where do you see this?

[Irie99]

He’s blatantly lying. He should be sued for that. I spoke to Jon at OH IR today. Deal is still set to close by November 15th. If that date is going to change it must be in writing and agreed to mutually by both parties.

[TeamEddie]

lol sued for that I was replying to a question they can extend it by 30 days and regardless CL has a big share unlock on Dec 3rd on we will be lower 

[drbob512]

Fwiw sometimes the time period just after shares are unlocked results in flat or up moves in price because they have already shorted the stock prior to the unlock date, in order to lock in the price & not take a chance that they will see lower prices to sell into. Often the price will drop leading into the unlock date due to this short selling. In this case, CL could drop 10-20% leading into

[Irie99]

Odds are once the OH deal closes they@ll announce extensions to the lock up

[TeamEddie]

if you are long like a year or more you will easily get 10% gain from here if deal closes 

[drbob512]

10% more if deal goes thru, you posted? Wow, that seems way too low, imho. If deal goes thru, ORHOF could easily double in 3-6 mos. if the sector bounces back; otherwise, it will take longer. I don't think the cannabis sector is going down a lot more for a lot longer but could stay cheap for a few more wks or a few mos. as bitcoin had a 9+ month downtrend & basing period before rallying

[TeamEddie]

really big dilution is coming Dec 3rd and then with merge so yes 10% is possible will go lower firts