GREY:JWCAF - Post by User
Comment by
Gavinnickon Feb 24, 2021 11:10am
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Post# 32646813
RE:RE:RE:RE:Shares and The future
RE:RE:RE:RE:Shares and The future Yes, you are mistaken.
this is Trichome operating as "James Wagner Cultivation". The stalking horse bid saved the exsistense of the company as everyone knows is "JWC" This is a debt relief act under the Canadian law. Brutal on investors great for the corporation. Trichome, was a majority of the debt holders anyways. They basically bought their debt back with all the assets / lights / grow rooms / AC equipment. This is a major discount and know the profits will roll in.
You can look at this as utilizing a way to erase a majority of the debt. Investors / stock holders will be sour for a awhile here. the way it unfolded it looked like a typical BK situation Chapter 7 etc. however this is not the case here.
prepare for violent moves after earnings report. 2millon shares several weeks ago was for a reason