Post by
StopTheInanity on Mar 13, 2019 1:38pm
Re: The Markets and Shareholders will decide
So. It was accumulation, after all. My Take? This is not a done deal, yet...
A couple of things to note: (1) No Closing date. (2) Special Shareholders Meeting Date not yet determined. (3) $7.5mm break up fee is low. (4) Only 25% votes locked up, but deal requires 66 2/3% yes votes. (5) Newstrike open to hostile better bid with HEXO 5 day response.
Plain and simple: the market will decide if HIP is worth more than 50 cents a share.
If it is, it will get bid up in anticipation of a better bid.
If its not, shareholders can reject the bid, and wait for a better bid down the road, or accept that it is, what it is...
Comment by
ICCWORLDLEADER on Mar 13, 2019 1:41pm
This post has been removed in accordance with Community Policy
Comment by
VeritasVern on Mar 13, 2019 1:47pm
Open to open hostile better bid tells us that Jay sold the farm for much, much less than it is worth. jmho