OTCPK:CNPOF - Post by User
Post by
TheNextBullRunon Dec 24, 2020 1:08pm
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Post# 32180982
Riv doing very well
Riv doing very welljust looked up the shares outstanding of canopy rivers prior to deal....from sept 30th...they had 36.468 million mvs(multi voting rights shares) and 154.836 million svs(single voting shares) per the deal announced canopy rivers will have only one type of share the svs shares they will be eliminating all the 36,468,318 mvs shares and 15,223,938 of the svs shares...THIS WILL MEAN THEY WILL HAVE ONLY 139,612,119 SVS SHARES AFTER DEAL CLOSES... (unfortunitely they wont have only 100 million shares like some on board were thinking ohh well still great though!) but 139.6 million shares of svs...it also simplifies their whole share structure which is still awesome...soooo current market cap at 1.26 CAD SHARE PRICE EQUALS 175,911,269.90 CAD or about 175.9 million CAD; NOW THEY STILL OWN 3.75 million cgc shares which are currently worth 131.63 CAD (CGC went up recently to 27 USD) AND THEY STILL HAVE AFTER CLOSING DEAL AN EXTRA 115 MILLION CAD PLUS THE 31 MILLION CASH THEY HAD ALREADY...WHICH IS 277.63 MILLION CAD!!! WHICH IS OVER 1.60 CAD...LIQUID CASH and they still own over another 200 million cad worth of investments in their other 15 investments!!! which just at stated book value is ...add that in with liquid value u have 477.63 million cad which is over 2.72 CAD...now on an old earnings call they said they expect their non publicly traded companies positions their share of the ebidta is 100-120 million CAD which would be an implied value of 1 billion to 1.2 billion cad which would translate into 5.69 CAD INTRINSIC VALUE OF CANOPY RIVERS CURRENTLY