Greenspace Brands Inc V.JTR.H

RE:Opportunity for contrarian investors

[wolfstreet]

To follow up on my last post, it seems that only Pender currently sees the opportunity as the ultimate contrarian investor in this story right now, but at the same time extremely opportunistic as the deal would allow them to take control of the company and resetting their average cost for almost nothing.
 
Although it is not in Pender's modus operandi to steal assets as they have good reputation, they clearly have no more patience with that gong show and it’s fully justified. So, the proposed agreement aims to shake things quickly, one way or another.
 
In the short term, let's see if a better bid will show up until April 15^th while the CEO is currently losing custody of his baby (to not say his “lovechild”). If no white knight shows up for the CEO & friends and the definitive agreement is accepted by shareholders, Pender will then have the option to buy the free float or simply sell the company (as they are recognized in the landscape to drive liquidity events) at a price that the old board probably refused during the recent strategic review. Bottom line, there are still some upside potential for contrarian investors and for shareholders freeriding with Pender.
 
Best