RE:RE:What do you take from this article?It indeed was a horrible deal for Zena holders. I'm glad I got out on time.
I'm against any aquizitions of Fire, will kill any potential rapid growth in the next years.
AOGEE wrote: My personal opinion. All these penny MJ companies that have good bones and are trading lower than their real value are a takeover target.
I just hope SNDL does not make an offer on Fire unless there is another company making a play at the same time. I would not enjoy being a part of them. a bidding war is fine.
Sundial is one of those plays that was a dart shot as somebody stated. not well run, no revenues and no real business plan.
I bought a two 2000 amount in SNDL at .60 and .70 based on a friends recomendation as he follows the Reddit crowd. It was me gambling that was all. Couldn't stomach it so sold all when it went to 1.20. I got out before its meteoric rise to i believe 3 dollars.
Now if I was a Zenabis shareholder I would be pissed also. They made a credit deal with the devil (SNDL) and than had to go looking for a saviour. HEXO (another company I used to own between 3 and 7 dollars) purchased them and I believe they get 1 HEXO for every 64 Zenabis shares. Presently the stock is trading lower than the purchase price.