Canntab Therapeutics Limited C.TFS

Letter of Intent Clarification

[makeshift]

Hi. Long time Stockhouse reader, only recently started an account to tune out some of the noise. I thought I would help clarify the LOI since the messages on this board are a bit all over the place.

Full disclosure, I own many shares in TFS.

I recently emailed TFS directly and received a very prompt response. I'm simply repeating what I've been told.

1. TFS shares will consolidate 200 to 1. So if the share price is 0.07 cents when it consolidates, you'll own 1 share worth $14.

2. Telferscot Resources will buy out Canntab shares at a rate of 4 TFS shares to 1 Canntab share. This has NOTHING to do with our TFS shares. It's how Telferscot is acquiring Canntab. Here, 1.6.1 is most likely correct about Canntab wanting to use TFS to go public. Read his/her post.

3. Canntab will raise $5 million by issuing 1,250,000 of their own shares much like a PP (possibly even a PP). The $4 price is set to attract investors and does not reflect the actual share price. It's usually set lower so investors will earn their money back. Again, this has nothing to do with our TFS shares but a condition of acquiring Canntab.

4. The 24.4 million shares resulting is a combination of the existing TFS shares (consolidated 200:1) and the acquired Canntab shares.

So at the current share price of 0.07 cents... is Canntab worth $14 a share and should their market cap be roughly $340 million? I look at other mj companies with a lot less going on... no license, facility under construction, etc. easily having market caps of $340 million+. Canntab has a definitive deal with Emblem (already licensed) and more.

GLTA

[Money403]

Is it worth holding through the consolidation? Or get out now?

[GreenBull]

My opinion, get out now. This stock hit .12 and been going down since. The consolidation is horrific (this will never hold at the anticipated price of $11/share). I see this highly overvalued for a pill.

[albertkaholeung]

At this price, I'd hold. In the foreseeable future the MJ sector is still hot.  You're in this to play the momentum anyway, so get some on the dip, unless your average is crazy high like when it hit .12 lol.  I think it'll hold high after the RS.  Even if this holds at 0.055 prior to the RS, and let's say you read 1.6.1's analysis and believe every single word

[GajjarDr]

Did you read the clarification from MakeShifts post or do you simply want an answer? OK, HOLD!

[letsgetready]

pretty much correct..i would add the PP in Canntab shares at $4 will get a Canntab shareholder 4 shares in TFS..so they are paying $1 for each TFS share, which is now trading at the equivalent of $11 (5.5 cents x 200)..a nice 11 bagger if it holds.

[GajjarDr]

[Blazing2u]

Kind of confused when you say this. So if I hold 50000 shares of the right now how much would that leave me of canntab?

[bpeters]

You will get 250 shs (50,000 / 200) of Cann Tab Blazing2u - (1/10/2018 12:13:14 PM)  RE:RE:RE:Letter of Intent Clarification Kind of confused when you say this. So if I hold 50000 shares of the right now how much would that leave me of canntab?

[GajjarDr]

Thank you, "Makeshift" for posting this clarification. All the bashers on this board probably lie in the 1000 lot bids at .05 cents which rarely has filled. This is the bottom how long it takes for the MJ investors to wake up is in times hands. GLTA

[GajjarDr]

TFS on an ongoing business MJ transformation. 05?!

[brad753]

Exactly, thank you for spelling it out for everyone so clearly. And there will only be 24 mil shares out. Which is a minuscule amount. EMH For example, has 100 mil shares out. Weed has 200 mil shares out, HIP has 300 mil out. 24 mil is nothing which means SP will be high if the market cap explodes like it has with every other weed stock. 

[LAMBO]

well said, bumping this back up