RE:RE:RE:RE:RE:PriceAlleycat
You touched upon an interesting point and scenario that I have been researching in the agreement documents on SEDAR. Wondering if it affects the deal or not.
On April 7th the WEED price closed at $37.74. In the announcement they state that it is a 66% increase for Fire shareholders .27 to .44 ($37.74 x.01165872 = 0.44000)
Now lets say on vote day the shareprice of WEED is at $30.00. That means that we will be voting on a deal that only gets us to a shareprice of .34 which is a only a 25.9% increase. (plus the miniscule cash per share).
Will this negate the deal under the agreement or will we have to still vote...... which will more than likely be a "no" ?
I realize a lot can happen in 45 days (June 10th I expect is vote day) . I expect that it will be back to the 66% range on that day but who knows with these markets and the US legislation.
Thoughts everybody?
Cheers