Sundial and Zena Sharecounts -> RS RequiredSundial has over 1.5 Billion shares outstanding while ZENA has 800 Million plus more being added with the ATM they just issued. How exactly will Sundial deal with 2 Billion ??? shares outstanding if they do manage to get a Zena merger??
Aurora did a 12 to 1 R/S when they hit a billion shares, will SunDial resort to a 24 to 1 reverse split too come down from 2 Billion Shares ??
Sorry, I do not see SunDial being able to pull off a better offer to Zena without increasing the ratio offered by HEXO and taking in wwwaayyyy more shares than it can handle. I am actually shocked that the company hasn't already done a reverse split considering they have the higest sharecount I have ever seen in the industry.
Good Luck with it all but as far as this ticker is concerned... Hard pass for me.
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