Tinley Beverage Company Inc C.TNY

BLH can buy majority stake in Tinley at discount!

[nervous64]

The BLH Note also provides BLH with the option, but not the obligation, exercisable in whole or in part for five years to purchase Common Shares in such amount as would result in BLH owning, or exercising control or direction over, directly or indirectly, that number of Common Shares as would be equal to at least 50.1% of the then issued and outstanding Common Shares calculated on a fully diluted basis (the "Majority Ownership Option"). The purchase price per Common Share under the Majority Ownership Option shall be set at a 20% discount to the closing price of the Common Shares on the facilities of the CSE on the date prior to the exercise of the Majority Ownership Option, or, if such 20% discount is not permitted by the CSE, then the maximum applicable discount permitted by the CSE. The BLH Note also contains certain pre-emptive rights in favour of BLH to purchase Common Shares during the term of the BLH Note. The BLH Note is subject to all necessary approvals, including final approval from the CSE.

[cosinus180]

Read between the lines. Blh will make sure share price is as close to 0 as possible!

[kirktop]

They only make 12% on their loan if they push the stock down but they make 200% if they push the stock to 21 cents, 300% at 31.5 cents and so on

[cosinus180]

Everything is garanteed by tny assets. If it goes belly up, they get 100% of 100% for pennies.

[kirktop]

They would still have to auction the company to the highest bidder. If Green Thumb wants to buy tny for $0.50 per share then they would pay Blaze $3.5 million for the loan and the rest to tny shareholders.

[Tinley20xx]

Don't forget the interest!  And don't forget Rick's 600k loan @ 12% annum 

[cosinus180]

As an idiot once said, time will tell. I'm sure there will be a huge line up of buyers for a bankrupt company with a track record like tny! Who would purchase at 0,50 per share when they can buy today for a dime.

[SteveIncoherent]

You can't buy the entire company for a dime without pushing the share price up substantially on the open market moron. And look no further than the interest in securing Hexo's debts, and they're nowhere near profitable, on the verge of a second reverse stock split and just shutdown another facility. Tinley has interest and todays PR confirms one of the bidders, there's no way to

[cosinus180]

Dime per share dipwad! Own 50% of tny today for 9M! Market cap is less than what they spent on the plant. What do you think it's worth today. I say 3M$...does that number ring a bell?!.

[SteveIncoherent]

In one sentence you suggest the market cap is less than what they spent and are still spending on the LBF. And then in another sentence you say the market cap should be 3M? Retard alert.

[cosinus180]

Market cap will head real quick to $3M. It's all part of the plan. Everything is secured with tnys assets, everything! Who invited Algonquin to the table?Talk about setting things up for the private rug pulling from under investor's feet circus!