RE:What will Canopy do ?Is 19.9% of a bankrupt company who's lender SNDL has queered the intent of the loan deal, presumably emulating Constellation/Weed's gameplan of conquer and steal worth zero or will we still owe the debt?
Constellation Brands seemed to be the first to come up with these sneaky takeover deals with changing terms depending on which way the wind blows for pot stock companies such that you can revisit or fock with the intent of the loan deal, that was being serviced is really a dirty pool move.
Securities doesn't havve the manpower to deal with these new creative, futuristic takeover deals but a good lawyer should be able to prove that the loan intent was misprepresented by the lender since the satisfied loan payment has resulted in a loan recall.
Shouldn't even be able to ink a deal like that imho!
One day a nr comes out that is sunshine and roses and a day or two later SNDL wants their loan back.
Is SNDL in the crosshairs of Canopy who are masterful at getting their people placed on the boards of their takeover companies and they will trigger their revisit option to all the deals they make if the wind isn't blowing the right way.
When a deal isn't really a deal could be the title of a new book that explains the latest actions of less than scrupulous players create.
My purchase of this companies stock was based on their sunshine and flowers post of being the top producer and co-packer of edibles and such for Canada, which is a no brainer and it was on sale.
A day or two later a serviced loan is called that results in a trading halt which is synonamous with "kiss your investment goodbye" tactics that sheisters are getting away with.
One thing North American promoters don't have is the saving face concept that is real with some oriental management.
I wonder if our management considers that for the cost of my latest investment in this steal that I could have hired a mechanic to remind them of what is right or wrong.
Wing one, scare the rest, lol!