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American Clean Resources Group Inc C.ACRG.B.U


Primary Symbol: ACRG

American Clean Resources Group, Inc. is an exploration stage company. The Company, through its subsidiary, owns property in Tonopah, Nevada. It is an environmentally sustainable development platform, is at the forefront of renewable and environmental development. Its business plan is to purchase equipment and build a facility on its Tonopah property to serve as a permitted custom processing toll milling facility, which includes an analytical lab, pyrometallurgical plant and hydro metallurgical recovery plant. It plans to perform permitted custom processing toll milling, which is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as minerals in the gold, silver, and platinum metal groups. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies.


GREY:ACRG - Post by User

Comment by geodcanon Mar 28, 2024 5:01pm
129 Views
Post# 35959104

RE:RE:RE:RE:Acreage shares

RE:RE:RE:RE:Acreage sharesThe deal is so complicated and confusing that I lose track.

What I do know is that Murphy and his cronies fleeced the cash out of this and that Canopy seems to be ok with it, in fact, supporting it.

For a near profitable US MSO, this beatdown and sleight of hand with splitting these shares was double stacked against the investors who put their hard earned money in to it.  They left thos floating shares in no man's land where they could just not do the deal which pretty much meant that they would tank.  That seems to be "re-visited" at the same time they re-visited the value that was once $4 billion and reduced it to the firesale price of $38 million which explains a lot about marketmaking that should have come under scrutiny of SEC.

I even read that Canopy had put aside $50 million to grease the palms of Murphy's Finance Company to make sure the deal could happen by securing their votes.

Most of this is beyond my comprehension and it all seems changeable at any time if Constellation decides the deal was too expensive and needs to be re-evaluated.

What I do know is that I am stuck with a marketmakers delight of bullshyt moves that benefit the preferred shareholders, lenders and friends and family, it seems.
I paid huge for those shares for a company that emulated Canopy's establishment where it seems that they paid too much under Murphy's guidance for all of those assets he pulled together, seemingly at the behest of Canopy/Constellation for a US entry point for the Canadian brands that Canopy developed.

Canopy can still walk away from the deal and leave Acreage up to it's own devices of a company that only did well for some shareholders but not the common shareholders.  It will only cost them the $38 million already spent which is less than Kleins renumeration and they can write it off against expenses or add it to expenses to make the books continue to look bad.

Canopy's deal jolted the pot market to life where it ran to ridiculous values and under Constellation's guidance they bought it right back down again and then some for more control by Constellation by buying control at firesale prices which they contributed to.

Marketmakers and shortsellers need more SEC scrutiny and heavy penalties to level out the advantages they have built in to their businesses.

Unlimited and non-voting shares is another case of Constellation stacking the deck but they also covered their azzes by being able to walk away from the deal and bankrupt Canopy and Acreage for scooping up as a lender with first right to collaterol.  Win/Win for Constellation or they can honour the retail shareholders and take them along for the turnaround.













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