RE:RE:RE:Auxly SOM UP Another 35% Q4-2021 Massive poison pill !!, is the deterent, I believe.
Bullrun wrote: What I dont understand is why one of them has not taken us over yet? our Market cap is a joke
The MC isn't the only number potential suitors need take into consideration. There's the payouts if $10mil for each of the top three; Hugo, Mike, and Brian. Then there's the $70mil and veto clause available to IB on any M&A proposal. That on top of the $100mil left to cover on the debentures. As well the institutes would most likely drive the price up before any deal closed.
These safeguards were put in place to protect Auxly from predators, in case the SP was pushed to extremely low levels such as they are now.
Auxly is a heavily fortified stronghold intent on building on their strengths. Weaker hands will crumble and fall as Auxly rises into a 'Diamond City' !!
https://mobile.twitter.com/kolabproject/status/1478094017564979204?s=21 Bloody beautiful thing, that !!!!
Gotta love a good teaser! lol
Just waiting to move on Quebec. Looking forward to commissioning new packaging equipment at Kolab Project facility.
Of course, if Canadian Cannabis Retail grows beyond $4Billion in 2022 and Auxly can pull say, 8% market share then they could see Net Revs of around $150mil in 2022. That could turn Auxly, Cash Flow Positive and make it an attractive M&A target regardless of safeguards.
Am I being too modest??
Hang in there mates!
cheers