GREY:FFLWF - Post by User
Comment by
whoknowson Jul 11, 2022 7:14pm
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Post# 34816608
RE:A De Facto FAF Bankruptcy?
RE:A De Facto FAF Bankruptcy?ThoughtsOnThis wrote: A de facto FAF bankruptcy is now possible. ACT will act in it's own best interest and tender an offer for all shares once the price is driven down to (?) pick a number, say $1.00. ACT will come in claiming "clean hands" and will offer a premium of 25% (sooner than Spring 2023) and will own whatever mess FAF actually is.
It's either that or they actually let FAF go bankrupt because internally they've written off the whole cannabis play. In any case ACT will be directly responsible for the untold tens of millions of dollars in portfolio destruction that they have been a willing party to. So much for ACT being the adults in the room. I was blinded by that...
No need to panic all the markets and specifically cannabis producers are in free fall!
Today, July 11, 2022, it is not only FAF that sees its stock falling.
See the others:
Aurora - 0.19
High Tide -0.19
Tilray -0.34
Canopy -0.39
So according to your interpretation, everyone is heading for bankruptcy.
We are in uncertain times, an unstable world and all this can be difficult to accept! But, we have no choice. Let's try to stay Zen despite everything.