RE:RE:Wild RideSadly for shareholders and those who have a legitimate claim against TRST, corporate law is quite clear about the limited liability of an entity.
TRST will need to cease to exist...it would have to die. Bankrupt.
I am reminded of when Canadian Airlines was about to go bankrupt. Air Canada engaged in behind closed doors negotiations with the government to save the failing airline.
I suspect that is what is happening here (not necessarily with APHA).
There is a lot at stake here...some jobs, lots of infrastructure, some licenses, and of course the product. I suspect the government would like a way out of this that does not set back an industry that is not even a year into legalization.
Who knows...I don't. All I know is that APHA did not need to do a raise to ensure they could cover their operating expenses as they are covering their costs. Something else is up.
gottahunch wrote: I still hope it's not TRST but Irwin said:
“I think they have some great medical clients and they have some real interesting assets,” Simon said Friday. However, as time goes by, how many medical clients will they have left? I could suspect most are now gone to other LP's. I wonder if an LP acquiring TRST would also inherit the lawsuits and I imagine. Unlike the short ambulance chasers in our short fiasco, these lawsuits may have merit. But if the companies assets could be sold off instead of the whole company, that may be a different story as the growing assets could be solid. But in this scenario, would it have to go through bankruptcy proceedings which are slow enough on their own, nevermind waiting for HC to approve the site again. It just all feels like bad karma or something having any interest with anything to do with Canntrust.
I'd prefer they spend the money they are raising on JV's.
skyplt wrote: On Friday I actually sold off half the shares I had bought on margin. More good luck than good planning as I had a 9 dollar sell order that filled during that quick ride to 9.03 and back. I had acquired them at 8.15 the day ProfC proclaimed he had bought as well.
Yep, watched Chartman Dan speculate on the liklihood of a gap down today.
I had a buy order in for 8.30 to reacquire those shares I let go on Friday. If filled.
I cannot get over the misunderstanding about this debt filing. In my view it has everything to do with Aphria wanting to position itself to be able to pull the trigger on something. I think the most likely is TRST. I have mixed feelings about TRST. I would hope if APHA is actually lurking about they will not pay a premium, just the present average daily price.. But if I were Irwin I would be securing agreements from the Government, especially in terms of HC (and get DD in the negotiation), to ensure this was good for the APHA. One could easily make the case that saving TRST was good for Canada (saving jobs, saving product, etc.).
Aphria really is the only company in a position to do so. ACB is already too diluted and STZ would never allow WEED to acquire anything more before they get their own house in order.
I am not saying this is what will happen. What I am suggesting is this debt structure is most likely a good thing for APHA and they are looking to hammer something over the fence. Structured properly, and with a motivated government not looking to lose what was becoming a major player (TRST) it just might happen.
Yet we gap down on Monday because some think APHA has diluted the company. Insane.
Sell order agan at 9 for those shares picked up this morning. This is a very small portion of my overall APHA holdings, but at least my margin costs are being covered. The rest of my shares are not going anywhere for a few years. Anyone who does not believe APHA is now executing better than the other LPs needs to go back and look at the Investors page on their website.