Moving Forward...
Thought i'd offer my 3 cents on recent developments, seeing as nobody's asked for it.
All anybody can ever offer on these boards are opinions. Some will tell you or give the impression otherwise, but the simple fact is nobody knows where any SP is headed. There are a few that obviously speak from a vastly deeper lever of experience than most of us, like Starsearcher and good old Buckshot who may be right more often, but even they fully acknowledge there are no sure bets. We can't even really ascertain after the fact what caused a given price movement, even though we like to puff ourselves up on our astute strategies and talk about our returns sometimes, myself included. It is all opinion and speculation, no more and no less.
So it looks like the acquisition is a done deal. I can honestly say i've never seen one before, but the approval percentage seems impressive to me. I think this, and the derisking of the consequences of non-approval will help to steer the SP higher. I am definitely more comfortable now buying at this price and encouraging my friends and family to do the same. I never expected the SP to skyrocket at this point, and i don't think most of the smart money did either. As far as dilution is concerned, in my opinion it's a non-issue. This wasn't a PP where the subscribers will be looking to dump when the deal closes. The arbitrage gap is closed. It would make absolutely no sense for anybody who bought Mettrum to sell for the measly 5% when there is so much more to look forward to by just sitting tight. The many merits of the new CGC are easy to see, and fill out and add a really nice finishing touch to the overall CGC story in what has just been the first chapter in a new and vigorous high growth industry.
There are definitely many challenges ahead for CGC and the industry as a whole, no doubt, but as a long i'm quite happy about where we're at. There haven't been many obvious opportunities to trim from our cores and circle back around, as SS40 likes to say, but from my perspective that's super healthy. I believe the longs are more and more dug in as time goes on, and if i were a short i'd be as nervous as a long-tailed cat in a room full of rocking chairs. Stay strong longs!!! CGC forever :D