RE:RE:RE:RE:RE:Just One Nagging Questioncaretired1 wrote: I think we as CGC shareholders have the same rights to convert in either direction as we get the same kind of exchangeable shares as Constellation got if you go for them. The time when Cons might convert back might be if the US never legalizes?? because the exchangeable shares have no voting rights or participation in earnings of CUSA or CGC until you convert those to Class B shares of CUSA which i think can only be done when legalization occirs. IMO
I still think this is mainly to get to a structure so they could close on the purchases of Wana et al, which supposedly make money and cash flow, which CGC needs(and could maybe borrow from CUSA??) and also tell the world about it so the CGC share price goes up. You can't value what you can't see.....
Lets look at worse case scenario and CGC folds, as major shareholder in CUSA, can Constellation vote to convert the exchangable shares into shares of Constellation, id so, at what value would they convert at? If CGC was basically valued at 0 at the time, how would retail in CUSA be compensated? I realize this is speculation, but I feel like details are missing, or does Constellation exchangable shares in CUSA go down with the CGC ship (no exit strategy)?