RE:RE:RE:RE:RE:RE:Exercise of Series B Warrants1sergedompierre wrote: wrong again . ACT can become the majority holder between October of this year and June 2023 . The price has to be a minimum of $ 4,77 .They don't gain anything by lowering the price and again it is the overall stock market that is down and that include ALL the cannabis stocks ....
You look like a basher from High Tide ...
The price will not be reached, new warrants will be issued at a lower price. FAF will need money and is far from being able to generate good growing profit to expand the business. I am sure CT would like the $4.77 price, it would mean FAF is doing better. If they can't exercised at $4.77, where will FAF take the money? From CT but at a lower price, then the investors lose more % shares of the company.
I understand the moves of CT. They probed the cannabis market and they have the financials and experience to operate stores. When CT will get 100%, you will get nothing left of FAF.
I am not invest in any cannabis company. I will play the news if the banking act passes the Senate before the April recess, as said by Schumer. I am currently shorting ACB. I will have to cover before the announcement that the Senate will vote. I will not wait for the result to cover, too risky.
I hope the banking act will pass that could boost the price of FAF to be in the money but CT will have 50%+ parts diluting shareholders.