GREY:GABLF - Post by User
Post by
Rc0gburnon Dec 03, 2020 3:04pm
314 Views
Post# 32030223
GARBAGE DEAL
GARBAGE DEAL
IF I were an Equity holder of Gaby I would be running for the exits.
This deal comes after they have blown through more than $30million in cash, shares down 82% from intitial RTO, and consistently lost money chasing bad businesses which are all impaired.
And now they are paying approx 38 million USD for a single dispensary ! Of course they are retail experts and have had lots of success in this Cannabis vertical!
Deal is $5mill cash, $25million vendor note that pays 10% AND almost $8million worth of shares, some 65% or more of the current float.
As Tom Montag said "Thats one sh-tty deal"......