GREY:CNTTQ - Post by User
Comment by
HaulJockeyon Aug 17, 2020 9:41am
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Post# 31416955
RE:RE:RE:RE:Canntrust will merge or be bought out..
RE:RE:RE:RE:Canntrust will merge or be bought out..wizzard89 wrote: Maybe however in no way shape or form shoudl they even consider settling lawsuits. These lawsuits are based on "potential" loss of income. Until they start selling and get back on the TXS and the NYSE and establish a "fair" market value (rather than the current $0.48) they should not even consider a settlement --the ONLY people that even consider asking for a setllment are those involved and hoping to cash in twice--once now (on "potential" loss) and then again when stock goes up. It will go up to I think about the same $3-$5 range it was trading at prior to the loss of licence --even though people knew what was going on and that brought it down to that mark-that is where I think (just my thoughts) this will land within 12 -18 months
I think you're right, they shouldn't sell out. I'd like to see it get a good bump to what it was before but I also think it'll be a long haul. They won't merge with anyone, there's too much out there already. CGC is closing farms and laying off big time and LP's are going bankrupt every day.
If there were a buyout, it would be from a medium size beverage of food producer, and even if that does happen, they'll get it for cheap, it's a buyers market out there.
So yes, their best bet is to keep pounding it out on their own. It'll be a slow recovery but it's certainly the best choice.