GREY:BHNGF - Post by User
Post by
geodcanon May 08, 2022 7:08pm
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Post# 34665708
BHNG and PBIC aka CGC
BHNG and PBIC aka CGCLatest nr says that BHNG is selling some of its shares of PBIC. I thought PBIC was a major shareholder of BHNG.
Also mentions: The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”).
It looks to me like there is some money shuffling between both companies done with share purchases of each other's stock.
PBIC certainly got dragged down with BHNG and their spend rate looks rich to me for what I think they have in their folder.
A lot of money and value is being milked out of these companies for renumeration to management for jobs not well done!
The mention I made above is just the generic caveat warning to describe what I think doesn't make sense to buy each others shares. Hopefully there is a takeout in their somewhere that brings in more culpable management before we lose any benefit of awards won to competition.
We are going to see big fish eating little fish until such time as potpreneurs get some equilibrium where the winners can show profits and be viable. My gut tells me that a lot of little fish are going to be eaten and turned to fertilizer.
PBIC has shown no interest in running a pot company and BHNG management can't even get a monthly report or financial report out to save their listing.
This lack of reporting and confusing reports when they do report are warning bells for me and it pizzes me off even more when they don't reply to inquiries e-mailed to them.
glta and dyodd