RE:RE:RE:RE:BEAST MODE:The Sequel!I agree, before christmas, but not now...not while the bull are running on a melange of 'red bull, tequila and cocaine'
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knowing bruce he ALWAYS have picked the exact right moment to do a bought deal...always.
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and the next deal will be the biggest deal ever seen in the cannabis world to date...it is not going to be 20 millions...it will be a lot more
but then again, what do I know
buy, hold, repeat.
TimMcCracken wrote: pungentaroma wrote: We have over $100 million in the bank, why do a raise now. It would make more sense to do it when we need the casj in the future and where our sp may be at $18 or $24 or $30.
Please explain the rush to raise now, at these levels
Fair enough ... and that’s why I have been a fan of the small percentage deals ... the last two at $25 million were 1.62% and 1.87% ... I like the small percentage deals for the reasons you mentioned above.
Our last deal was in August (only 2 months) @ $8.05 or $13.5 million for 1%
The price is now 55% above that level.
I am speaking from experience as this is exactly what has happened over the past 3 years. Extended runs followed by cash raises. You may be right, as it may not happen in the near term meaning we could possibly raise at higher prices.
However, in my opinion a deal will happen before Christmas. We are going to need a lot of cash to continue to fund expansion domestically and internationally. With all due respect $100,000,000 is not that much money when you consider the opportunity that exists in this very young industry.
No one likes dilution, in 2015 there was 50 million Tweed shares outstanding, based on today’s valuation those shares would be worth $42/ share today ... so yeah I get it, it’s funny I would ask for more dilution ... but I understand how Important the cash is in the near/ medium term.
This is just my my opinion of course.