RE:RE:RE:Constellation Takeover of CanopyIMINLONG
That's exaclty what I said...The 20 million shares can be bought prior to the exercising of the warrants providing they're removed from tranche B..... I said they would probably buy below tranche A to make money,,,Then complete tranche b above $76.68 to save money....NOW WHEN STZ exercises the warrants is anyones guess. Problem is whenever they do it SP will move quickly..
For example..STZ bought at $48 CDN and are really underwater right now.....They could buy the 20 million shares now at around $26.....They could could exercise tranche A the next day and immediately the SP would go to the settlement price around $50.50 I think... Boom any money lost between 48 and tranche A SP is equaled by the 20 million bought at $26. With one swift move STZ is now back in the black.
I WOULD LOVE if this happened because Canopy has a huge short position of around 19% od share float...THAT WOULD cause the mother of all short squeezes AND THAT WOULD MAKE ME VERY HAPPY.