GREY:INSHF - Post by User
Comment by
BUYING4MEon Feb 06, 2019 9:58am
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Post# 29325412
RE:RE:RE:RE:NEWS!!
RE:RE:RE:RE:NEWS!! 2m is a drop in the bucket, 7m shares won't be if this thing ever clears $1 s/p. Each dollar it goes up will add 7m to the market cap. If this spot is primo as you say it is, they should have been able to recoup this in a year or two, now it's permanently part of the market cap. If these stores were guaranteed to make this much (which is why sold for shares according to you), then ISH should have paid cash OR the owners should have kept them.
You're assuming they sold these stores for an expected increase in share price. It's also possible the sellers know these stores aren't a given as of yet and figure even if they get 1.5m from this by selling the shares as a loss, it's still better than nothing
Jessa7 wrote: Agree with towering, 7 million shares is a drop in the bucket, especially considering what some companies in this sector issue for acquisitions. They just secured the most primo spot in Calgary on the Red Mile, only other top spot imo would be Kensington. Canmore we know will be a huge market with tourism year round ect so controlling two stores will also be huge. Add that to the Jasper corporate store and we’re doing good, wish he had a Banff but alas in due time I’m sure. The profits off these three stores once financials for them start getting posted will far outweigh any dilution.
Besides the the two partners selling these stores weren’t selling for 2 million, these stores would have made them that in a few months once operating, they sold for the expected increase in share price, aka their quite smart, and certainly going to get a lot more then 2 million lol.