RE:chickens are coming home to roostWell, i like to see some momentous movement by management of my investments, I share your sentiment about the opportunities created when they are too creatively presented as good things but I am getting inklings of self-serving weaved in.
Several companies are writing these option deals that cost a few dollars but lock up the potential for the first run of investors, lenders and hopefully the common shareholders.
As a beat down shareholder of Acreage shares both fixed and floating, I am happy about the announcement of the merger, rto, acquisition by option or whatever we are calling this. One thing for sure is that I don't like the buyout option for the floating shares that promised $6 US per share until today's announcement but now translates to half a share of Canopy worth about $5 US.
The fixed Acreage share deal seems about the same but sadly, I would like to see this happen after we benefit from the synergies of pulling everybody under the Canopy Growth umbrella.
Not sure why we have to integrate a llc Canopy USA born from STZ dollars and ownership of WEED shares. It looks like STZ still thinks they need protection from the US Feds from this move.
For the life of me I am trying to understand the huge cash designated to Murphy and his buddies for their 7 percent of the floating shares. I heard 50 million dollars that seems totally jacked up and exceptionally ridiculous especially after they benefited from the previous special dividend that came at the time of rewriting the first deal that Canopy had with Acreage.
I also have a huge problem with some directors of name and notoriety for $13 million for Boehner and Mulroney to mugshot for Acreage.
The sense of renumeration for the bigwigs of these companies is self serving and outrageous, especially the $40 million that Klein gave himself for nothing more than a company in decline.
I guess it is mostly the upfront part of that renumeration. I might be happier if it came from the billions of dollars of value generated for their expertise and guidance after the fact such that management only gets wages and no bonuses until shareholders are renumerated with dividends or shareprice appreciation.
Whole lotta shyt to digest here and in the meantime I will see what the commonshareholders think because the shareprice speaks the loudest even above due diligence a lot of the time.
glta and dyodd
ps. My old bid is still there for Canopy. I thought heavily about averaging down for Acreage with my allocation but I can't stand one more burn from Acreage and after today's castration of the floating shares, I am wishing that I never purchased a share of either issue, fixed or floating. Actually, I don't think I ever bought any fixed shares but seem to have been stuck with them by default.
cannabisc wrote: last ditch effort to grift a few last investors to fund this dumpster fire long enough for executives to suck whatever cash is left.