RE:Duped and ScoopedNicely said.
I sold my 18900 shares at a loss (could have been worse) and bought back many more shares in the 0.22 to 0.235 CAD range. Now this rumour/offer. It never ends. I don't want a private buyout. I invested in company model of assets and management. Hadley seems well spoken and ethical. hmm Investors have spent days, months and years of researching, getting excited about Ianthus MSO assets and being one of the largest US operators. I felt secure with my IAN holdings, in comparison to other MSO companies. Fundamentals drove me to invest.
A PRIVATE BUY/WIPEOUT of 0.50 USD or even many more multiples, IMO, is an easy pass for hot heads and all talk no execution folks to continue ripping off average investors. It would be a toxic move and trigger comparisons of other companies that did and didn't ditch their shareholders. Would not look good for the company and I would hope that nobody would buy their products if a private deal to pinch us shareholders out was made. Maybe this is going to be the new norm as other companies in USA succumb to the same scenario? I'm fine with more dilution. I am NOT fine with a private buyout. If they do go private I want a lawsuit in Canada
Investors seem tired of waiting in the silence. Is Ianthus waiting on a deal they wish to entertain before they say a peep? There is definitely a problem with management, if this **PRIVATE** deal is best they can do. No private deals. If this deal is even being considered by Ianthus, they should have GTFO a long time ago and be ashamed of how many lives this company has stolen from.
This rumour / offer does not have me convinced that the company is doomed. Maybe just the shareholders, if they take it private.