RE:RE:The latest deal with BlazeThanks for the post KT, some good insight as to what this deal holds or has the potential of. The market hasnt really responded to the news but to me this seems like a major move to get the company really pumping out product. imo
With the new mangement should drastically help guide TNY into major sucess.
Maybe things will change and TNY will have some momo going forward !
GB
kirktop wrote: Geo Blaze has to pay market rates for the rest of their 51%. Their 20% discount is to the stock price when they buy not $15 million or $3.5 million or $0.08 like some have said. Blaze and Rick have to buy 100 million more shares to get to 51% and all the cash they use to buy those shares goes into tny's kitty or given as dividends to us. Big cash for all shareholders. This deal gives us the management upgrade needed and enough cash to avoid pp's forever. Market makers cant profit if they cant short into a pp so the stock is now free to run up. Geo you raise a good point about why shareholders aren't being given a vote on a 51% takeover option like in other public companies. They will have to answer this question and give us the details. Overall it is most important that we have cash and qualified management which we get from this deal. I expect the pace of copacker deals and product growth to occur fast now that new management is at the helm. Their InBev relationship will likely get PR too which will juice the stock. They probably already have something up their sleeve. Glta