ZenaTech Inc T.ZENA

RE:The Future Now — Sundial makes superior offer for Zena

[Jimmy713]

Murham, I like your theory of bidding war, I too hope this would happen too. However, I don't see your figures realistic!

Sundial, has been printing out stocks like craze in the last few months. I believe they have issued almost 1.3 billion shares since Q3/2020. So what makes you believe that their offer will be in cash? Why not stocks in higher evaluation value say 1:5?

The bottom line, at Hexo/Zena undervalued evaluation, there is a big window for higher bidding, and luckily, Hexo could always have the chance to match it.

The coming 2 week will be very interesting ... Patience is a statue

MurHam wrote: Bottom line is Sundial needs Zenabis .... my guess is deal making happening this weekend and announcement by Tues - time of essence- so Sundial will make a 0.30 per share cash offer -- the board will declare it a superior offer and then a bidding war will ensue with final offer of 0.35 per share Sundial cash offer with no conditions and it will be accepted by the board .... Shai will be the CEO of new Sundial .... in parallel Sundial will raise and consolidate ..... new Sundial will be in a good position with big revs, no debt, cash, and strong leadership....for us Zenabis shareholders this is much better and only possible because Sundial had cash..... and Hexo for their troubles will receive $58 M .... yep that is $6m termination fee plus $45.5M(which is $19.5M/0.15 per share  = 130 million shares x 0.35 per share)......not a bad consolation prize of an extra $32M... and by Q4 the new Sundial led by Shai will announce merger to create a certain top 5 company to battle it out in 2022 .... oh and the new co will announce a major $ investment from Mondelez before end of 2021.....