OTCPK:SPLID - Post by User
Comment by
sasasa123on Oct 28, 2015 2:01am
122 Views
Post# 24233130
RE:RE:Brand new industry in Canada
RE:RE:Brand new industry in CanadaThey have bought equity in Illinois, maxico. This going to be awesome story. See you at 20c in a month.
LeadTheWise wrote: I whole-heartedly agree with everything you wrote, Wolf.
I've been puzzled with the notion that CGC is simply going to buy-out EAT. It seems to me that EAT is well-positioned in a much-larger, already-established market. I think if they sold out now, they'd be selling everyone, including themselves, short. If they hold on with steady growth in revenue, I bet they could be positioned to buy-out CGC in a couple of years. Their revenues will also have a US$ exchange premium.
Think about it: If CGC is "partnering" with EAT already despite the lack of any revenue, they must see something. If they see it, Posner and other insiders must be well-aware - otherwise, he would have likely started the process of selling EAT right now.
I read an interview with Posner quite a while ago where he referenced CGC as strong competition, and that was also a large part of the reason why EAT decided on entering the US market, primarily... It wasn't the entire reason, but Tweed was mentioned as a business they couldn't catch up to because they were too firmly entrenched.
I think EAT wants the big cheese, and they might have their eyes set on NASDAQ. And why not? I think $0.20-$0.25 sp is not totally unattainable, in the relative short- to medium-term.