OTCPK:GBGPF - Post by User
Comment by
PROtradingon Jan 24, 2018 12:15pm
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Post# 27424144
RE:RE:YES! Told Ya! BOOM!
RE:RE:YES! Told Ya! BOOM! For those of us who watched the Healths Mergers and Acquisitions play like Valeant, Concordia, Nobolis and other FLAMING TRASHCANs, it's not crazy at ALL!
Regulators in Canada are slow to stop this BS IFRS accounting so these house of cards gets built.
Now, I actually think that the "business model" will continue to do well here. ACB is the #1 market monster in this space and EVERYONE is greedy. We are ALL in this for the cash, not because we think that weed is the #1 priority for society!
So, as much as CMED's "no brainer" was sub $20, the Weeds will take a pullback. Pros at ACB will drive down the price on that stock to end up buying MUCH less than the $43 stated figure, dummies will lose their money to PROs LOL!!!!
Ronfree wrote: I completely agree!!!!!
One thing to say about the transaction... Aurora business model (buying and taking stake in a lot of pot company) is crazy... CMED shareholders have massive premium here... Aurora probably don't care buying at this price because they also accumulated a lot of shares at cheaper price but...
Its just a crazy move from Aurora (buying at the top of this crazy sector)... And a really really really smart move of Cannimed (selling at the top of the frenzy move of the cannabis sector before the dip and consolidation).
Think about it, the weed sector is completly on fire, a nice pullback will come, its obvious... I will not be suprise to see, at least 1/3 of all the market cap dropping in almost all weed company.
Don't be too greedy!!!
Congrats to all CMED shareholders and to the management team at Cannimed!!!