RE:RE:MMCap - method/stayinvested Johnale wrote " I see this as a positive - ie they see more value than to just liquidate.
thoughts?
What if MMCAP were setting themselves up to sell to themselves? Via Aphria aquisition.
I believe all this started in January.
MMCAP provided Aphria $100 mil financing in January 2020 (I know it was spent elsewhere). Did MMCAP tell them to make sure they have same amount when needed for aquisition?
https://twitter.com/bettingbruiser/status/1234879743734026241?lang=en
Today's industry focus is on supplying premium quality product to market. Broken Coast purchase is one of few that have paid off for Aphria.
https://www.cbc.ca/news/business/aphria-broken-coast-cannabis-1.4487772#:~:text=Business-,Aphria%20buying%20Broken%20Coast%20Cannabis%20for%20%24230M%20in%20stock,million%20in%20cash%20and%20stock
Fire was worth north of $400 mil in January. Today it is worth less than $80 mil. Coincidence?
https://twitter.com/YounggJustin/status/1316728338409545736 Justin
Supreme hired a former CEO that has previously worked with Aphria CEO. Coincidence?
Fire terminated manufacturing and processing facility lease agreement in Kitchener (sept 2020). Currently utilizing grow space in Kincardine as well as Blissco facility. What is the plan for permanent space? Aphria's?
How synergistic is Fire's business plan to Aphria needs today?
Could MMCAP sell Supreme to Aphria at a loss and still make a fortune on the Aphria side of the deal?
Even if MMCAP sells at a premium - say .50, most of us still lose big time.
To make matters worse, I think it would be a cash transaction if it were to happen.
I'm in Maritime's boat.