RE:RE:RE:RE:RE:RE:RE:Spoke to anthonyI agree that the dilution effect is a problem right now and I believe that it’s largely a self fulfilling prophecy. Lower stock prices cause more dilution cause lower stock price etc. I would much rather see the stock trade around 2.00 it would be a better place for both investors and acquisition targets.
As far as what acquisition targets look for in a company I’m going to disagree with you. I think M&A success is what an investor looks for, not what a small business owner looks for. Do you think someone that owns a small business doing a few million a year cares about a companies M&A success track record? Or do they care more about what will happen to their business long term? Cannex is looking for the companies and acompanying management that wants to keep their business but be able to expand it with interest free capital. On top of that there is no shortage of potential acquisition targets. It’s not like the market has dried up
As as far as FUD is concerned I think that’s more your problem than mine I haven’t sold a single share and I’m not really concerned. Certainly I would be much happier if the price were higher and the deal wouldn’t have hit snags but the fact that cannex found problems with the deal and decided to mix it says a lot about their management and commitment to long term value building.