RE:RE:RE:RE:RE:Tilray Stockholders Approve Proposal to Increase Authorized The reality is they are not "adding shares". Roughly 9 million shares will be ISSUED to Gotham for the deal we already made in regards to MMEN. Other than that no additional shares are being issued. None.
The rest go into the VAULT until a time is required to issue more shares. IE Buying another asset. The comments on this board are making my eyes bleed. Not a whole lot of awareness of what this vote really meant.
Short Sellers are currently holding it at $12.55 USD where it is at a potential triple bottom. So far Shorty is successful at holding it here while they shed out the Nellies. There could be a little more on Monday, like I said 2 weeks ago I felt $12.33 USD would be tested. Will see how they Close today.
Honestly I am not so concerned about todays activity. The whole sector has been hammered this week. A lot of it has to do with AMERICAN BANKS. MSO's getting wacked the worst this week. GTII has taken a hard 5 day beating.
The best thing about TODAY. Tilray now has a robust future with the ability to build the beast. That WIN is all I care about today. I will sleep like a baby tonight. Straight up. eom
momo
ediabid wrote:
Relaxrelax wrote: Okay, you agree with them adding more shares obviously. I'm looking at the release, do you know how many shares they are adding? Wondering why they wouldn't release that information, pretty important to know.
On the voting instruction form under proposal #1, which is the only proposal that shareholders approved, it reads:
"Approve the amendment to Tilray's Amended and Restated Certificate of Incorporation (the "Certificate of Incorporation") to increase the authorized capital stock of Tilray from 743,333,333 shares to 990,000,000 shares of capital stock."