RE:RE:RE:RE:RE:RE:PriceThe only variable here AOG is the WEED price at time of finalizing the agreement, of which we will get 0.01165872 of a WEED share. The premium % will fluctuate but the value of concern is the SP and potential of gain going forward...let's say WEED is at $.70, $.27 to ~$.81 is 200%.
The only issue is where is the WEED price going to be going forward and we will be getting in at what appears to be the low for FIRE, more importantly if we were dumb enough to vote no the odds are better than not we get a lot less going forward, if we can get the market share we need/ want and cut pricing on the shelf to compete and survive?
WEED is on it's way north huge and will remain at or near the top of pot cos globally and we are stuggling to get the shelf space necessary to achieve full production now and with lower prodct prices, across the board, going forward...can we afford to try to go it on our own? I think the writing is on the wall and Beena and BoD see this as the best deal for the SHs.
This is not complicated, sink No or swim Yes. Everyone needs to do their own DD and vote accordingly. JMHO...Opt
AOGEE wrote: Alleycat
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