RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock PricelongonMJ wrote: In agreement with you that CBW should have a sizeable amount of cash on hand, but not that confident it would amount to $160 million dollars.
Yes, they did get the $100M prvate placement that was increased from the initial $60M brought deal that was originally announced on December 22nd. With respect to the Aphria / Broken Coast deal for $230 million dollars, you should remember that this was a stock & cash transaction with only a total of a meagre $10M being paid in the form of cold hard cash, as the remaining balance was done in terms of newly printed APH shares.
With respect to the exercise of the latest warrants which expired the other day, I believe that CBW was supposed to get just over $57 million dollars if all of the warrants were exercised. Unfortunately, with the share price being so low and approaching the targeted exercise price, it's quite possible that a larger than usual percentage of the warrant holders may not have bothered to toss in the additional $1.50 to convert eah warrant into common shares.
So yes, they do have additional monies on hand, but probably not as much as they were originally hoping for.
archdiamond wrote:
The share price will go up or down with the sector until we get the news everyone is waiting for.
The warrants are not really finished until we get a news release from CBW letting the shareholders know how many we're excersized. We will get a very good boost when the FV Pharma letter of intent is upgraded to a definitive agreement, then anouther boost when Level 10 goes through. The biggest deals are all pending, and there is neagive sentiment surrounding all of these big deals until they are approved. There should be a ton of cash to cement most if not all of their phase 1 stage of the agreements. 100 Mil from private placement, warrants = ? Broken Coast we owned at least 10% of the shares and cash paid out, perhaps more up to 20% since the people envolved with broken coast got about 80% of the 230 million agreed upon, but again another question mark.
Im guessing CBW is around 160 million in cash on hand from the above three items. Lots of cash to move the share price on top of all the pending news releases.
I was thinking 100 million private placement 35 million warrants... If you read the news release it stated that the founders of Broken Coast received around 80% of the 230 million dollar deal which equates to 15,000,000 APH shares and 10,000,000 cash. Who else gets the other 20% of a privately owned company?? I'm thinking CBW owned 10% with their agreement and likely got a bonus for giving up the stream, say another 10% of the company, and a supply deal at cost for 4 years at 15,000 KG/year. Remember we would have had 15,000 KG/year from the broken coast stream. If I'm correct in my assumption with the hint left in the initial news release CBW gets 3,000,000 APH shares, and 2,000,000 cash. At today's APH pice that's 42 million in stock, and 2 mil cash. If it's only 10% that's still a value of 22 million.
22- 44 million APH Deal + 100 million private placement + 35 million warrants = 157 Mil - 179Mil.
160 mil will be a very close estimate of cash on hand if those APH shares are sold. Who knows how much of the 15,000 KG they will be moving internationally quickly as well, as they did state they would be 18 months ahead of schedule on international revenue. I bet it's safe to say the CBW take will be at least $5.00 gram. That's 375 million in revenue coming down the pipe in the near future.
They are not going to tell us much, only what is required. I really think management is focusing so much time on traveling around to partners facilities, and working on so many big deals they just don't have enough energy or time left to give us the polish on company communications we want to hear right at this moment. Don't forget the enormous amount of paperwork being done from helping their partners acquire Health Canada licenses. Only time will paint the truth of what's going on behind the seens. Chuck buying up at least 5,000,000 of those warrants with his own cash is a very good sign. Those saying he made money elsewhere to buy these warrants argument is very weak either way. If you were the CEO of a company that you figured was heading for choppy waters why would you waste 5 million dollars on converting warrants? Chuck obviously knows we are heading for a higher share price or he would have held on to his personal 5 million in cash.