Why the PP "Four month hold" got waivedThis investor is obviously impressed with Canopy and the whole Mj sector and he knows that between March 21 and July 21 there will be volatility to the upside as the legislation gets tabled and who knows what’s in it.
Let's say there is immediate ability for the public to order recreational from the Federal Licensed Producer prior to the individual provinces putting in the regulations for retail distribution.
This would make all the LP’s very valuable and especially the leader WEED.
So the sp shoots up to $ 19.40 – a double from his March 21 PP of $ 9.70.
This investor will say “Holy Moly - my 2,500,000 shares are on hold and I could have made $ 24,500,00 dollars”.
When his hold comes off in July 21 he goes to sell but the price has settled down to
$ 14.00 after a massive profit taking and summer holidays.
So, the answer is this :
I will give the Canopy company $ 24,000,000 RIGHT NOW at a low price that I otherwise could not get at market of $ 9.70 BUT you have to waive the 4 month hold so I can take advantage of the huge anticipated rise in share price in the next critical 4 months .
Mr. Goldman give me your free trading shares and YOU hold mine because you have many more millions of shares and low priced options that you could sell anytime at the peak like Mark Zekulin did.
For this share loan agreement I will give you a “nice present” if I make $ 24,000,000 on a double in the next 4 months.
The rich get richer and us little guts get scraps.