RE:New DirectorsThey didn’t appoint new directors they just granted existing directors some stock options and they also paid for consulting services with stock options. Normally I’m not a huge fan of stock options but I’ll give it a pass in this case since the strike price is 1.00 and it’s currently trading at well below that value which means executive interests are very much in line with shareholder interests. If the strike price was like .40 then I’d be pretty pissed cause it would obviously just be a money grab for them but in this case the strike price is very fair.
the more news that comes out about US pot companies the more I like cannex as an investment. Executives and shareholder values are in line, lots of capital management experience, and they don’t seem to be in a hurry to purchase just any old company simply because it can be acquired at a lower price/sales in an attempt to pump and dump the stock price. That and their operating results so far speak for themselves. My only wish is that they would move a little faster on these damn acquisitions. Once this jetty deal closes I think I’m gonna go all in on cannex