RE:Question about potential split…yp01048 wrote: Okay, so here are my thoughts
CGC will probably go to under a dollar unless we get some kind of federal news. I do believe that CGC will go under a dollar when the financials come out, and the last bit of debt is announced/settled.
However, this week we will get some kind of run up, if anything simply because of 4/20. BTIG has said that the senate banking committee will take up Safe + in early May, and before that it would logically have to be introduced in the senate. Just like last year when they introduced CAOA and then had the commitee hearing with Booker on July 26th.
So that alone might cause a little bit of a run.
But probably soon to fade.
If CGC has 30 days less than 1 dollar, it will get a notification. It will be interesting to see what happens with OGI because to date they have not announced any plans for a consolidation. They will have 180 days to comply, and for some companies, that can be extended to another 180 days depending on market cap etc. OGI needs to be compliant by July.
With the dilution etc, CGC might have around the same outstanding shares as Tilray etc.
As for a buyout offer from Stz, they might not be able to do that until Weed is legal in the US. So the blatant manipulation to bring CGC to these levels is either for the debt and shares, or STZ is orchestrating something else.
What are your thoughts on a split? Do we see that happening?
Reverse split.
Not a good thing.
Going to happen here.
Will be 1-for-25 or 1-for-50
Whatever your number of shares you own today, Divide that by 25, or Divide that by 50, that's how many you'll have left after the Reverse Split.
Best to just avoid this kind of garbage.