CannaRoyalty Corp C.CRZ

Anyone else wondering about the big CL bids at 16$?

[stockvet]

Are they there to hold the price up artificially until the 230M share unlock in 3 weeks? People keep saying OH should go up to CL, but what if CL is the one to go down to OH? I am usually not one to try to time the market much as an investor, but I am already heavily invested in this future behemoth, just wondering about the best time to buy more. I'm thinking probably July-August like last year.

[investalot23]

where does it talk about 230 M shares being released?

[stockvet]

The major MSO all have holding periods for many of the privately funded shares. j0dd recapped most of them here: https://www.statesidecannabisinvestors.com/post/share-lockups. As you can see in the listing document, the escrowed securities become free 180 days after December 3rd, which is June 1st. About 130M shares are from the major shareholders + insiders.

[RockMaschine]

The merger needs to be put to a vote per Canadian regulations which is supposed to happen soon.  You must have been an OH owner by end of April to qualify for the vote. Does anyone know what the shareholder date of record is for being eligible for the conversion shares?

[RockMaschine]

Also check SEDI filings on CEO.ca. Looks like a director Gerald Corcoran bought $100 000 worth of shares in the open market around $17.  Any share unlock with little price action could be telling. A similar thing was supposed to happen with CWEB but it didn't move much. Now look at the shares changing hands for $20, lower than previous SP, yes, bu all bought up willingly at that price.

[xXxFoBxXx]

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[investalot23]

i doubt something happened. such low volume today. its a buying day 

[stockvet]

Yeah I noticed that 100k$ buy as well, good vote of confidence no doubt! And I remember CWEB yeah, the magnitude wasn't as great as CL (230M unlock on 21M currently trading), but indeed anything could happen. What also tends to happen is people who get their shares converted 1st sell them to take the profit and often the buying company's shares fall on the short term after. Anyways, just

[stockvet]

Pretty sure it's just: whoever holds the shares at the time it gets delisted, gets 0.8428 CL. Or else there would be orphan shares lol

[stockvet]

Just going to leave this here. I am fully reloaded under 7$ after yesterday.

[retiredcf]

Even with yesterday's rise in SP, based on CL's close, the spread is back to $2.00. Lots of volatility. GLTA