RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:sam
541house wrote: Sam please, why increase share count if you are being sold, we would be at a higher share price if we didnt raise money and deal would of been better for share holders IMO. I dont know more than you I will agree with you on that. I made money on this deal btw so I dont care as much as others.
i wouldn't be surprised if that was an "understood" condition of the deal being put together, is that they wanted a strong cash balance and open atm shares. Canopy has cash but their burn rate is off the charts. If fire does a raise while they're sp is hot (the last two), it drops the share price with dilution and also gives canopy cash in the acquisition, therefore saving them from having to do it post- acquisition. Win win for canopy. Cheaper acquisition price and added cash.
I agree with both sides of this argument. We were definitely being held down but the 66% is more than fair based on the CURRENT share price. Any long here knows that this was worth much more, however that doesn't mean anything to the acquiring company.
perhaps is there was more equity purchasing from insiders, then they would have held off on this deal a bit longer. Would have been more beneficial for them if the end of quarter results were strong. Makes you wonder now why there wasn't more insider shares on them?!?!