GREY:BZAMF - Post by User
Comment by
challenger426on Sep 04, 2019 2:43pm
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Post# 30095346
RE:ACB exit is great for TGOD/investors - read details here:
RE:ACB exit is great for TGOD/investors - read details here:This is an interesting transaction. According to ACB's recent financials, they have more than enough current assets to pay their current liabilites so they are not in a pressure situation to unload their remaining TGOD shares. TGOD is behind in terms of production compared to active producers but just announced a Health Canada approval to begin cultivation operations in Hamilton. Why would ACB dump TGOD shares at this time at around 50 cents below yesterday's closing price. Also, TGOD shares were climbing back nicely before this announcement. The first thing that comes to mind is that management at ACB is incredibly dumb and it is not the first mistake they made. This is actually good for TGOD in the long run since it will impove their revenues and gross margin.
I am considering taking half a position once the dust settles and then the other half if I see upward momentum in the TGOD's share price.