Post by
deepoil0808 on May 25, 2022 1:59pm
PODA does not have 66.66% of the votes / to sweeten the deal
Management pulled off whatever it could come up with and, they only have 41% of the votes from their shady crowd.
They need another 25% for the vote to pass and, they DO NOT HAVE THE VOTES.
The volume has been very low and no one is buying cause they need to sweeten the deal or, there is NO DEAL.
Most of the buyers of later were penny flippers, people whom sold are actually even lower.
Alltria is willing to pay $ 130 million Canadian for heat and not burn device. Amount offered by Ryan to Poda shareholders of $ 55 million USD or, 40 cents per share is TOO LOWER.
The patents belonged to PODA until management decided to take it away from them for nothing and, sell it to Altria for $ 45 million USD.
Management needs to give up another $ 20 million USD from their end and, give it to PODA shares, say $ 75 million USD to Poda.
If they do that they votes will pass, if not, votes will fail.
Current price is indicative of failure.
Ryan will try one last sales pitch with Ritchie on June 2nd and if it fails, he will have to sweeten the deal or lost his nest egg.
Hold strong and management will have no choice but to give a respectable offer to shareholders.
My personal opinion
Comment by
podatlis1 on May 25, 2022 4:52pm
Yeah maybe that's what Ryan is going to tell us on the 2nd LOL hope your right deepoil
Comment by
MinerCPA on May 25, 2022 5:20pm
Agree with most all you say. I believe we are not upset with the deal's overall sale price. It's just the allocation of it to the shareholders who bought into PODA knowing the patents were owned by PODA. The $45 million allocated to Ryan should be collapsed in full into the shareholders portion: less the $146,000 ryan paid for the patents in late 2021. My thoughts only.
Comment by
IIIIIIIIIIIIIIl on May 25, 2022 9:36pm
Your missing a BIG point..41% of votes could easily win because unless all the retail vote against it is a mute point..Most retail dont bother to vote yeah or nay...in that case the votes are redundant......I have over 300k shares and probably will not bother voting them.........I do agree if the TWO Ryans sweetened the deal to retail they might get a big win..............
Comment by
Frogzilla on May 25, 2022 10:22pm
This post has been removed in accordance with Community Policy
Comment by
okdoke on May 25, 2022 9:01pm
"The patents belonged to PODA until management decided to take it away from them for nothing and, sell it to Altria for $ 45 million USD." You've said this a number of times but where are you getting that information?