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Bullboard - Stock Discussion Forum Ventura Cannabis and Wellness Corp CVHIF

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited... see more

GREY:CVHIF - Post Discussion

Ventura Cannabis and Wellness Corp > I think I will vote no
View:
Post by BubbaNeedsMoney on Sep 20, 2020 8:14pm

I think I will vote no

That price jump from 2 cents to 60 cents just as we were negotiating a sale seems a bit too dodgy for me.
 
Our buyin price at .48 cents also sits very poorly with me.
 
I think the negotiation of the sale price was poorly done. I feel we acted like we were in a weak position, almost begging to have someone take our assets away, at any cost.
 
Unless they renegotiate for a better price, then I'm going to have to vote no.

P.S. Where is that info pack we were supposed to get on the 18th?

Comment by Bananabrainz on Sep 21, 2020 12:16am
Agreed. This is ridiculous. Sure VIBE has potential but the valuation we're getting is sleazy. Not to mention the 6 month lock up if that still applies. I'll try to do another tally of ownership from this board, last I checked we were around 12%. I'm debating if I wanna pick up more shares just to veto stronger. A recent release with focus on the rehab properties and showcasing the ...more  
Comment by dileas48s on Sep 21, 2020 5:20am
A couple of quick comments: 1) September 18th was the record date. Expect to receive the voting package in about 8-10 days, around September 28th - 30th 2) any shares you buy today forward will not add to your voting position. That's the purpose of the record date   Lastly, I have lost a lot of money here and agree this deal is shameful. I still believe management thinks this is ...more  
Comment by BubbaNeedsMoney on Sep 21, 2020 8:15am
Say this deal gets voted down. Then what?   Then the management will have to try something else.   They are holding a vote so we can vote, not so that we just agree.   For some reason VCAN is dumping assets for anything someone is willing to give them. I mean, can't you just smell the panic and desperation in their actions? I was a huge fanboy until a couple days ago ...more  
Comment by dileas48s on Sep 21, 2020 9:57am
I respect your perspective, and your reasonable expectation that we should end up with better than this. The difference I guess is that I have zero confidence they can do any better - meanwhile the risks only increase - that's my opinion of course.  If I could have negative confidence I would.
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