RE:RE:CRON - One to Watch Monday
I think the CannTrust run had little to do with the TSX upgrade....more to do with there being a bought deal in the works (unknown to shareholders) and the underwriters rode the hype of potential takeover targets and let it run to 10.50 before announcing the deal. Off course it was dilutive and shareholders are left holding the bag as it dropped below 9 bucks, no doubt they profited from the arbitrage as well. Pretty shady. Anyway I digress....my feeling on moving up on exchanges is positive overall of course but don't expect an immediate blip...look at how CRON took a beating moving to the Naz...to me it just seems they just gained a lot more scrutiny and selling pressure (aka short sellers)