Post by
thorgb1 on Jan 13, 2018 12:08pm
Good God.....
Everyone's a legal expert, and and M&A expert now. The bid is a hostile attempt to takeover a company at a valuation not agreed by the target company,and facilitated by people who may or may not be considered insiders. Litigation was inevitable, what did you think was going to happen? Really nothing has changed, if ACB gets control of CMED, this lawsuit will go away, and Brent can take his $50-100M and sue everybody personally if he wishes to do so. All this ugliness and back and forth is not healthy for anyone. Everyone needs to relax and go for a walk. The sun is going to come up on Monday, and everything will be okay. If ACB gets 67% tender between now and April you'll get your $24 for your CMED shares, or more if they come back with a sweetener, which would be the quickest way to end this mess. If ACB doesn't succeed, CMED/HIP will be okay too, as at a ~$500M valuation it's still the biggest bargain in the weed space.
Enjoy your weekends, and remember, nothing any idiot posts on these message boards will have any bearing on how this ultimately plays out.
Comment by
luckytrading on Jan 13, 2018 12:18pm
You have not been follow this very close. It has already been proven that this was not an insider bid and at the time of the bid the valueation was more than fair. If at the time of shareholder vote if shareholders do not think it is fair value they vote against the bid. By filing this lawsuit it can know be proven interference with what is a legal takover bid.
Comment by
Farmer2017 on Jan 13, 2018 12:25pm
you are wasting your time trying to reason with him, common sense is beyond him.
Comment by
luckytrading on Jan 13, 2018 2:12pm
nevertheless I took most my profits last week sold my cmed shares at 26 and half my acb at 14. Probably dump the rest monday, hopefully acb and there investment firms protect there investers to the fullest extent of the law.
Comment by
justcallingit on Jan 13, 2018 12:48pm
I agree with you. We all need to relax. I think the desision will come to the insiders. Who has the most money invested. Insider buying and excersizing of options has gone up since Nov 24th.
Comment by
rcash1 on Jan 14, 2018 4:41pm
Very well put . I own shares in ACB , Cmed and don't buy hip because of the LOI with Cmed . If they could all get along Cmed could acquire Hip and ACB could acquire Cmed combined would overthrow me CGC possibly . Who I also own shares of .... I'm just saying....