RE:RE:RE:Price "the idiots out there that do not that the company has been sold for .40 cents a share what a joke you losers."
Supreme was not sold for .40 cents a share. The agreement was $435M in which Canopy will acquire all of Supreme’s issued and outstanding common shares. With 735.69M shares outstanding that works out to be approximately .59 cents per share. So that is solely based on April 7th the day the deal was signed.
So the deal provided Fire shareholders with a premium of approximately 66% based on the closing prices of the FIRE shares and WEED common shares. This share price will not matter until the day the deal closes.
If people are buying Fire at the moment they are getting it more than likely at a discount.
Plus as Aurora pointed out, Supreme Cannabis shareholders will receive 0.01165872 of a WEED common share and $0.0001 in cash in exchange for each FIRE share held.
The only way investment bankers are making money on this stock now is the trading fee. The FIRE share price is now tied to the WEED shareprice until this deal closes or a counter offer comes along.
Mac you are coming across now as a BB troll, You stated you sold all your shares so why are you still here?
For all the real FIRE shareholders go on SEDAR. The whole offer is posted there with all of the small print. Loads of documents. Also on April 19th they filed notice of a special meeting. I believe it stated for June 10, 2021. we will probably getting a notice on voting fairly shortly for that special meeting.
Cheers all.