RE:RE:RE:The Little Fish Got ScrewedYou are echoing whay many have here prior to MYM purchasing Highland from Biome back in July 2020. You also have simply not owned up to the fact you may have made a poor decision on judging the state and potential of the company since the promises made in 2017. I've stayed transparent and admitted to my bad call when purchasing Biome in 2019 however I am not as underwater on my position and some $4 MYM holders and also recognize the opportunity to average down given where I view the state of the deal and my hope to come out even or just slightly ahead. I have given up my dream of a ten bagger with MYM even though my 0.06 average and price target of 0.50, a reasonable total market cap of about $150 million would be a much better deal. As I've said this is in no way a $350 million dollar company. Anyone voting no is simply living in the crab bucket and there will likely be no other offers without much more dire consequences.
Its no secret MYM has had a bad reputation for a long time. Lots of people have moved on and will not go anywhere near this. The appearance of new management has been a move made to save face of previous investors and like almost always, the small retail shareholder is simply on board for the ride.
You don't have to take my word for it and the pieces have always been there to put it together. Maybe its now time to share this opinion piece that puts it into a more stark perspective. It is very possible the upcoming quarter will put into better light where the financail situation is with respect to total cash on hand versus what was able to be secured from profitable operations. MYM did right the ship with Highland when it comes to using their larger facility to help with growth of the company but it was simply a matter of too little too late. I've got a plan to exit this fiasco and better my chances at a healthy profit but the risk and consequences are mine to bear.
Reddit user opinion on MYM/BIO potenial CCAA bankruptcy A vote of NO is a vote for YES, please destroy any chance I have of recovering some capital. Only way this gets better is if someonelse makes an offer. But that won't be happening now that Howard is leading the crowd at Trichome to hone in on any companies under their thumb that have exploitable assets which are valuable, but are run by companies pushed to the brink by a series of delayed HC license decisions and a completely deflated finance market for canabis companies now seeking new capital.