RE:RE:CMED Launches HEAVY Legal Artillery Against ACB & Others !!!Quietinvestor wrote: My sense having read both releases from Aurora and CMED is that the leadership at CMED just lost any credibility and support they had from all investors and the industry.
For CMED to legally go after their own shareholders (including Aurora who is a sharehlder), a Director of the Board and CANNACORD to seek damages will not been seen well, not only across the MJ sector, but the entire business sector. Secondly, they have just alientated themseleves in the industry - who will want to work with them going forward?.
Clearly poor leadership, and bad management got them into this mess. They realize with this legal action that the takeover by Aurora was inevitable.This was the "last play of a game with 10 seconds left and no time outs left" by CANIMED.
Very disappointing.
My take was exactly the same except. I'm long on ACB and had considered buying a position in Cmed a while back but their leadership's voice/moves made me far to wary. IMO you'd have to nuts not to vote in favour of this takeover.