RE:ConsolidationIf they are seeking a yes vote for a consolidation, that would be a disaster.
To me, that is a last resort on the way to oblivion.
I guess if they are putting out a mailer they could check the pulse of the investors to see how stupid they are.
The closer they take the shareprice to zero, the better it is for the lenders and preferred shareholders to scoop the valuable parts of a company which raises the issue of insider manipulation and loyalty to shareholders.
Loyalty goes out the window for a lot of public companies to honour their shareholders and just take care of the chosen ones, chosen by themselves with big salaries, golden parachutes and all of the rest of it.
STZ is going to take care of STZ first and that $40 million renumeration that Klein got is what it would take to do all of the pryck things he needs to do to save or tank this company like shutting down operations and handing out pink slips.
STZ isn't backing down from being a potpreneur but are they trying to take this down to bankruptcy time so they can scoop the most valuable parts. They already have control, it is just their integrity to shareholders that is in question.
Even the new Canopy USA will be funded by STZ's Canopy shares as well as Jetty, Wana and Stors and Bickell which keeps STZ in control and fully charged up with all of the good things left of Canopy but still once removed to protect their shareholders.
Vote no on the consolidation, for what it is worth. If STZ votes their shares they have control and then we will know if they care about Canopy shareholders or themselves.
They do run a formidable company with STZ, as a good business, building marketcap and paying dividends to shareholders but historically, one's own renumeration, takes first priority where shareholders get thrown under the bus.
glta and dyodd