Post by
geodcan on May 28, 2020 8:28pm
sounds like how it works
the share consolidation is a great tool for sending first investors down the road in disgust and broke. From my experience they don't work well for me. In fact most of the time the shareprice reverts back to the price prior to consolidation. There are only 126 million shares which is minimal for marijuana companies but this management is clueless about how to jolt this to life. They ipo'd to slop at the public trough and continued to run like a private company. Snubbing shareholders is never a good idea and got reflected in the sp. My take on this is that the company should be presenting all offers of interest of which I am sure there are more. I know Keber still holds a shytload of shares but this shouldn't automatically go back to his control without a fair assessment of its value! The current proposed deal sucks for existing shareholders and it looks like the current management trashed the company on purpose.