RE:RE:Hope this does not happen to AgraSharkcards wrote: WHY NOT?
FIRE share price spiked because of the deal! After the merger then they will become WEED shareholders. WEED is out to kick some Azz and will do much better as a company than Supreme will ever do.
If it takes a move like this to get the SP up then I'm all for it.
I just bought 10K FIRE shares for 40 cents and I am already up a few hundred bucks even after WEED shares fell.
If a more established company takes over then at least they will have the know how to turn this company into something than empty promises.
If shareholders don't like the merger then they can sell once the SP spikes like FIRE did and get out. I bought FIRE for cheaper WEED shares.
I'm down $40,000 !!!! on this right now after 5 years and if WEED or OGI bought this out I will be celebrating.
If AGRA was bought out now at a 66% " premium " like Supreme was then the stocks would be worth $.0581 per share. This would hardly satisy shareholders that bought in the high teens and over $.20. AGRA needs to start generating some revenue and bring the stock price up to a reasonble level FIRST. A hostile takeover now would be death by a million needles. Equally a reverse split would be devastating!
Let's pray Elise has a heart for us long shareholders and keeps excuting her plan to bring this stock price up. She has a monumental task in front of her thanks to Boddy and crew. I truly hope that if any wrongdoings are uncovered that these guys end up behind bars.
Good luck longs!
Mayham