RE:RE:RE:Upticks on ReportsGood tutorial on the Nasdaq listing or failure to meet minimum price per share details.
I was involved in another one that lost its Nasdaq listing and the sp tanked on bad sentiment.
Personally, I don't think it is that big a deal but others clearly do. Those shares will just get bumped down to a lesser exchange but still be tradeable.
It is premature to think that this consolidation to jack up the shareprice will happen for the reasons you mentioned about extensions that could be and should be granted but what if protectionism rears it's ugly head and US players push for tanking the Canadian LPs or just Canopy?
Having this consolidation proposal all lined up is only good for STZ and their shareholders if it gets triggered but it takes the wind right out of the sails of Canopy and Acreage.
The decimation of the value of Acreage is criminal in my mind when they put fat cats on to the sloppin' at the trough list to the tune of $13 million for both Boehner and Mulroney for little more than an endorsement and I am sure Murphy and his cronies grabbed up even more.
That stole the potential right out of Canopy and Acreage shareholder's pockets and it looks like the same game plan for Canopy.
I honestly don't know what Klein's objectives are in regards to the future of Canopy and Acreage but for sure STZ has installed their people at the top of these companies and their actions are still pro-pot by their investments in pot brands at bargain basement prices.
Of course buying up assets at firesale prices is good business, especially if there is a serious new push to clean up the balance sheets and that is what we are told is happening and that Acreage was all set up for the merge to Canopy.
I don't understand the delay for this merger. We have been told all along that this can be done and also told that Canopy isn't waiting for legalization, rescheduling or whatever is construed by pot investors to get behind the new legal vice.
If this consolidation proposal gets inflicted on Canopy shareholders, I will head for the exit faster than a fat kid chasing down a smartie and so will the shareprice after the consolidation. My experience tells me that it will revert back to it's preconsolidation price so those that hang in there will have shares worth the same sp but only a fraction of them.
Consolidations imho are the knife getting strategically planted and the shareholder waiting for managment to twist the knife for the kill. It is also the easy way out for managment failure.
I hope team Klein announces who they are loyal to and I hope it is Canopy shareholders which it should be.
His reputation will be shyt if he inflicts this on shareholders but STZ will be allright when the smoke clears.
The wound licking for all of the hopefuls that invested in Canopy and Acreage will go on for ever.
Marketmakers and big money have stacked the deck enough in their favour, to the point that they are ruining companies of good potential, because they can, at least until investors push for legal change to fix a lot of things that are wrong with the new wave of brokers and the creative investment vehicles they have adopted with no weighting on right or wrong, only profits for themselves.
I am becoming more of a believer in sudden, final solutions for those that perpetrate the destruction of companies of potential for personal gain.
glta and dyodd