OTCPK:GBGPF - Post by User
Post by
Matteo87on Jan 15, 2018 5:42pm
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Post# 27363072
There is a lot opinions on this...but one thing is true
There is a lot opinions on this...but one thing is true 38% percent of shareholders (4 Independant Investment Firms) were unhappy with the direction this company was taking and did not approve of the proposed acquistion of Newstrike. Institutional investors matter, they carry most of the weight and I suspect that they had reason to beleive this is/was a bad deal. That is what speaks volumes to me.
Full disclosure, I do own both Cannimed and Aurora, as well as a small position in Canopy and to be perfectly clear, I do like both companies; however, I like Aurora's management style better and I firmly beleive that their agressive growth strategy will pay off in the long run. There is rumoured to be only a handlful of big names left in the market when the recreatrional market matures and I think Aurora, Canopy, Aprhia will be in that group. I think a merger of this size would would be beneficial for both companies as I fully suspect the long term share price growth to far exceed what Cannimed could acheive with its own operations.
If I haven't made my position clear already, I will be voting "No" on the proposed Newstrike deal.
GLTA