RE:Potential AcquisitionsJaInvest - (1/8/2021 4:21:53 PM)
Potential Acquisitions As Wakeupp put out there, echoing the news of two days ago, Sundial failed in an attempt to foreclose on Zenabis. Currenlty they are claimig default even after receiving their full payment and the courts will clear that up for sure. This does not change that Zenabis is looking to be merged or acquired by another company. Unlike Wakeupp's dooms day insinuations, being acquired by anyone, includine Sundial would not be a bad thing as the shares would be transfered at a negotiated price, usually around the average of what the market was at. i don't mind my share load reducing significantly if the new shares are in a stronger company with more upside. As long as the foreclosure attempt is thwarted, everything else is gravy. Just my opinion!
I'm not trying to defend Sundial - but I don't know why some posters think that Sundial filing for default is the same as them foreclosing on Zena.
In simple terms - If you own a car, a house and a boat - and you have an outstanding $10,000 loan on the boat that you miss a payment on, the bank doesn't get to foreclose on all your assets because, they just get to make a legal claim on the $10,000.
Is that reasonable enough for everyone to accept?
So, none of us are sure (because management on both sides are sleaze) what exactly this 'forebearance' document said - but it looks like the interpretation will be made in court.
There's so much mis-information and uninformed opinions here, I'd suggest you all wait and see because there's more to be played out.