RE:Could it be a takeover?Hey, anything's possible. but what is likely is that we'll be disappointed.
However, having said that - it's not like EAT has a history of requesting HALTS and then delivering fluff. We have VERY few halts on this stock.....ever. So while I fear it is a financing and have low expectations, good things could happen.
Let's look at the facts:
1. We've been cleaning house in terms of useless directors and board members
2. We have shown that we truly can make enough revenue to turn heads in the BEST place in the world for Canna-business, nearly $24M annually.
3. A good company that doesn't need the fat and waste EAT brings to the table, could look at Calyx and say, "Now for THAT business, I'll gladly pay a premium."
4. Our team does have good contacts in the industry and an all-stock transaction could be in the cards for us.
5. We do have links to Green Growth Brands and they've got deep pockets and already have Nevada links and revenue, this would be a good fit for CEO Peter Horvath who could take what EAT has built in California, streamline it, probably triple the size and then likely close their outstanding issues in Nevada as GGB is already licensed there. GGB could easily take Calyx and make that bird sing. Remember, David Posner was a director on Xanthic Bioscience and all those investors got GGB shares at a nice premium.
6. Or, EAT could let us know that they secured more financing, issued another 50 million shares and now have a new chocolate line up in Florida.
This speculation is amusing but sadly as much as I want us to have something positive, I remember who we're dealing with. EAT.
I don't honestly think that news on a Sacramento license is halt-worthy either.
The only thing that should be halt-worthy for this long, should be HUGE to the long-suffering EAT shareholders. I hope it is so good, and so surprising, we have reason to pop a cork.
EatMeAllDay wrote: Any chance we are all rich right now and don't even know it?