Post by
jwdstock on Jan 09, 2018 9:35am
HIP CMED deal dead in the water...
With the merger coming between CMED and HIP (assuming it happens) each HIP share would receive .033 of CMED. CMED is currently trading at 27.49, but lets assume the 52 week high 28.10 x .033=.9273 meaning CMED views HIP at .9273/share. How can the merger go through with these valuations when HIP is currently trading at 3x that? This must be the door opening for ACB?
Comment by
thorgb1 on Jan 09, 2018 9:44am
No logic to HIP's share price. I was involved in the original financing, figured it would be worth a buck, maybe a buck fifty. Current price level is not sustainable, shorts are going to take it over very soon. We'll see where it settles after that.
Comment by
Skater on Jan 09, 2018 10:15am
At this value, HIP could reverse take over CanniMed...
Comment by
azamps on Jan 09, 2018 1:28pm
It will. Investors from CMED are taking profits and putting into HIP. Same with ACB. Have you seen the volume on HIP? Its wild. Wow
Comment by
acedabjuly2018 on Jan 09, 2018 11:11am
You could be right no doubt, but in the same token, this also applies to every pot stock.All of them are moving on emotion not earnings.Pick the one with the most positive emotion and hang on or try to trade based on the charts, just my thinking though.
Comment by
MartialArts on Jan 09, 2018 3:09pm
You were involved in the original financing of HIP? Who do you work for?