RE:RE:There is hope...Agreed AOG, they have the votes to proceed with the deal and a WEED SP in the $20s at conversion would be great...a no vote will cost us large, as you say "this management team is not set on growing this company organically." and who would pay more? With our 763mil SO and no management team or at the very least lacking any enthusiasm in the future of this situation today...we would get slaughtered.
Several things like the SO, the months of someone making a lot of coin to get us to this point, etc...while I will try to glean what I can, does it really make any difference at this stage of the game, it just makes the mess larger and no buyer that would pay anywhere near what is available in this deal...fight is suiside and to think we could sell off in the market here, the $.30s would disappear quick and losses huge.
Our ship for any other option we can control has sailed long ago...the main issue is we are sitting with a handful of shares from 100's of 1000's. We retain our $ value just in fewer shares at ~10x the price, not a loss, and probably the healthiest chance of survival and realizing a ROI going forward.
Everyone has to do their DD and choose the best for them but emotion is the enemy here, this is business and whatever way we choose to vote the Supreme menu will survive and thrive with CGC...not too mention the price per gram will be much lower on economies of scale alone as CGC et al get larger and more efficient.
Just watched major drug cartel grow ops being dozed and destroyed in California today...as legal rec goes mainstream stateside the black market will be trimmed back more all the time. JMHO..Opt
AOGEE wrote: Lily
Nice to see you are still hanging out and watching the BB. The last post I read from you I thought it was clear you were done. Welcome back for the next 30 days or so...at that time this BB will go the way of FIRE. IMHO
"What I found even more perturbed was the exhortation by some of our members. This euphoria, I thought, must be ascribed to the men being high on weed, or, perhaps, a damaged amygdala (I’m only complimenting you on your fearlessness). :-)"
You call it "euphoria" by some of the posters which is a pretty appropriate term as I believe you used it in the context of them posting about being excited or happy about the deal. This feeling I believe is the complete opposite effect of being high on weed. Typically they are mellow and sedate. Now having a damaged amygdala maybe appropriate however I hope not as then the amygdalawould be unable to pass the signals on to the hypothalamus, hence would activate the body’s “flight or fight” response. we would have a pile of shareholders here not knowing what to do.......hmmmm maybe you are correct. LOL
I believe alot of FIRE shareholders are "euphoric" about the deal but more from the meaning from its original Greek derivative definition as "well ....to bear".
In this case we do have a say in the sale (with our vote) however based on the numbers and the institutional holders already putting out releases stating they are supporting the deal.....well it is inevitable and I will bear the reprecusions (good or bad) of my investment either way.
Coming close to special meeting day. We live in interesting times.
If the vote is a "no" I will make out well with my CGC shares ($31 average) as they will go up. I may or may not add to my 650000 Fire shares (.31 cent average) as it will retreat to the mid to high 20s (IMHO) because I believe this managemnet team is not set on growing this company organically. They will be looking for another suitor and based on the market conditions I am not sure they will get a similiar offer. Just my opinions here as I have been involved in M&A have experienced it.
Cheers