OTCPK:NCNNF - Post by User
Comment by
alexinvestson May 06, 2021 11:11am
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Post# 33140600
RE:RE:RE:RE:RE:Currently, 48Noth is hiring staff
RE:RE:RE:RE:RE:Currently, 48Noth is hiring staffI agree with you Rusty2018.
There seem to be several signs that the company will be sold/acquired. An asset sale (i.e. the farm) is regularly a prerequisite to a transaction when the buyer wants to exclude a certain asset from the transaction. It is also the way to have better financial statements (EBITDA) and to get the best possible price for a transaction.
In addition, it is common for such a transaction to be preceded by a departure of senior executives from the company who would not be part of the buyer's takeover plan, in this case Sean Byrne and Kristen Gauthier.
I'm not saying it's a certainty that there will be a transaction, but let's say there are some warning signs.