Post by
Matteo87 on Jan 15, 2018 5:42pm
There is a lot opinions on this...but one thing is true
38% percent of shareholders (4 Independant Investment Firms) were unhappy with the direction this company was taking and did not approve of the proposed acquistion of Newstrike. Institutional investors matter, they carry most of the weight and I suspect that they had reason to beleive this is/was a bad deal. That is what speaks volumes to me.
Full disclosure, I do own both Cannimed and Aurora, as well as a small position in Canopy and to be perfectly clear, I do like both companies; however, I like Aurora's management style better and I firmly beleive that their agressive growth strategy will pay off in the long run. There is rumoured to be only a handlful of big names left in the market when the recreatrional market matures and I think Aurora, Canopy, Aprhia will be in that group. I think a merger of this size would would be beneficial for both companies as I fully suspect the long term share price growth to far exceed what Cannimed could acheive with its own operations.
If I haven't made my position clear already, I will be voting "No" on the proposed Newstrike deal.
GLTA
Comment by
Bigballs1974 on Jan 15, 2018 7:18pm
I really do like this opinion and the fact is is that used to own shares in this company and I have traded them in to Aurora shares , and the one thing that really push me to do that was the Fact that 38% of the management team was not happy and wanted better growth and these are not just morons these are large investment partners ......That spoke volumes to me as well. BB