RE:RE:RE:RE:Vote This Fiasco ........ DOWN!Yes it does Kingbear. Once again I point out Simon has done a terrible job, but some of these longs still drink the Simon's golden spray. Little do they realize he makes a large salary regardless and really does not care if there is any value for shareholders. Sure the company will be big, but just as Kingbear points out little gain, if any, for Aphria, yet, Tilray gains a positive ebita company which has branded themselves will in an emerging Canadian cannabis market, and enterance into Germany. A match up with Cron would have been better. Whatever happened to the match up with Canopy, or Aurora? Well, one can pretty much get the picture that Simon was offered very little for himself, so naturally he would partner with a company that screws shareholders and gives him the salarybhe does not deserve. Also, he is only a part time ceo as he has his other company. Any logical deal would be for him be solely responsible for this merged company and other interests would be conflicting. Anyone think he is going to make a merger for his act II company, with a sweet reward for himself? I do....
kingbear wrote: 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