RE:RE:RE:Vote This Fiasco ........ DOWN!Like I said this deal really stinks... bad. I believe Simon breached fidicuary duty here. This deal helps Tilray big time, but does nothing for Aphria. The more I think about it the more I can't believe how bad we get shafted here. Sounds like Privateer is going to unload their holdings, and bc of this merger they get to do it at a higher price. Aphria shraeholders lose. Vote NO.
BudFoxx2020 wrote: “Privateer is giving Tilray a lot of operational flexibility and obviously believes in long-term value of this business and is not pushing to sell its shares as soon as possible, so it’s kind of mutually beneficial, this transaction, for both parties,” Tilray Chief Financial Officer Mark Castaneda said in an interview
So Tilray was pretty much given free reign to turn the company around and pump up the share price. Instead from $38.80 before their deal, Tilray share price went down to a low of $2.43 this year.
Castaneda said. He said he does not expect all 75 million shares to be sold.
And here comes APHA to the rescue, no idea why. Considering the situation, the ball was in APHA court and should have negotiated a deal in favor of APHA shareholders. Tilray shares were about to flood the markets with cheap Tilray shares. Does no one do any DD, or they are just a lot smarter than us, the average Joe..
https://www.cnbc.com/2019/06/09/tilray-privateer-strike-deal-to-release-75-million-shares-over-next-two-years.html