RE:66% premium In my opinion, almost 14 BILLION DOLLAR VALUATION not even at break even LOL, but ya, its worth more, go figure.
SamRothstein wrote: I know for some of the longs that are still underwater this 66% premium might not seem great, but reality is when a company is bought the acquirer pays for current numbers not potential numbers, or what previous share price was. Based on current share prices this deal is a 66% premium. If this is too low of a premium then another player will probably step in and make higher offer now that FIRE is in play. My guess is there won't be another higher offer. But WEED is undervalued at current price and probably has better chance of climbing higher, and with a much higher margin of safety. So your return going forward, especially adjusted for risk, is probably going to be better with WEED.