Harborside Inc. HBORF

Advice

[Darholio]

Never sell a prospective stock like this on a Friday. Did that once and the stock opened 78% higher on Monday due to a takeover offer. Never again!!

[stealthct]

people are selling today lol.

[RiskyBiz928]

Hey Darholio, look at the news today - nice call. GLTA

[Darholio]

This is great news and like I said, never sell on a Friday!

[dlornemoney1111]

No it is not great news ! It means that Liniage just used our money to advance a personal adgenda. This stock is likely to fall to 5 Cents with the share dilution its clearly a vote NO!

[RiskyBiz928]

You don't think dispensary and cultivation acquisiton in Cali is a good thing dlorne? Of course they are using "our" money - what the hell do you think it's for? BTW, it's LINEAGE. 

[stealthct]

Hi Riskybiz, hope you're doing well! I'm trying to wrap my mind about this whole suprise of a new release. Realistically we might be halted 3-5 months correct? What are the chances of a roll back or we'll be severally diluted? Once we resume trading, will you see the price declining on opening bell?

[RiskyBiz928]

Hey Stealth, all good questions. Only one I can speculate on is the halt - yes, could be months indeed. I'll take this off my watchlist and revisit in a few months hopefully to a nice surprise! GL all.

[dlornemoney1111]

RiskyGiz928 : you should sharpen your pencil. If we are worth .165 with app 50 million shares out what will we be worth at a share dilution of 1.21 billion + our already 50 million . My gues is in the 1 to 5 cent range . Vote NO!!!!!!!!!!!

[stealthct]

what happens to the lineage price if the vote is no?

[dlornemoney1111]

Then there is no reverse takeover . We carry on with the intitial plans and for the time being stay at our share count of app 50 million.

[stealthct]

to me that sounds much better than rolling back and opening at a high price and tank down. We lose all our existing shares. Honestly I feel awful knowing how this playing out. I think all exsisting shareholders of lineage just lost big time. If someone else can prove me wrong, please illustrate it to me.

[diamondyessnono]

This post has been removed in accordance with Community Policy

[diamondyessnono]

This post has been removed in accordance with Community Policy

[upinzmoke]

(the “Agreement”) pursuant to which Harborside will effect a reverse takeover transaction that will result in, among other things, Lineage acquiring all of the issued and outstanding securities of Harborside on a debt free basis in exchange for newly issued common shares of Lineage (“Lineage Shares”) valued at approximately $200 million (the “Transaction”) Transaction Overview Under the terms

[ClubSodaKing]

dlornemoney1111: Maybe YOU should sharpen your pencil. We were worth $0.165 in the market with $0 TTM revenue and a bunch of non-binding LOI's. Basically, we had nothing. Now we have a binding agreement with a company that did over $50 mm last year, and likely a lot more on a TTM basis. We will be diltuted, a lot. So be it. With a large raise and the existing revenue, plus whatever else closes

[dlornemoney1111]

ClubSodaKing you are one lost soul. Find one other firm trading with a share dilution of 1.25 billion that is worth more then 5 cents ? Face it you just lost all your money and your defending the thiefs that took it braineack !!!!!!!!!!! 

[stockvet]

Aurora is at 1b shares and trading above 5$...

[dlornemoney1111]

And they have 6 million sqft of grow space and present in over 6 other foreign countries wake TFU. 

[upinzmoke]

Your just pisssd you don’t have shares wa wa wa. 

[Chrysanthalas]

You are way off.  The transaction is 52 million total.  200 million shares at .165 plus 11 million cash.  My god, read the damn report.  33 million worth of shares.

[Chrysanthalas]

My apologies, it is 200 million worth of lineage.  Which while its a lot of paper means they finally did something and landed a company.  Now depending on revenues we see what we are worth.  Very high chnace they will do a reverse split with that many shares outstanding.

[stealthct]

so when the company starts trading again, are people just going to sell?  will people recognize the deal and buy more?  thoughts anyone?

[DRH1988]

My prediction is fairly rapid sp appreciation. The valuation of this deal is amazing when you look at comparables, Medman did 7.2m in revenue and has a 120m mkt cap, Harborside did 50m last year and is listing at a 200m valuation. No brainer if you ask me.  

[dlornemoney1111]

mmed.cnx has 6.5 million shares out........ not 1.25 billion. thier share price is just over 4 bucks do the math.  4.00 dollars divided by app 200 times the same share dilution that would make medd men worth about 2 cents at the same dilution. So then multiply out your revenue about 7 times if its apples to apples that would make med men worth  about .14 cents a share.

[stealthct]

so your conclusion is that we'll tank to bottom hard after we re-open with diluated shares?

[upinzmoke]

Hard to say , too many variables not enough info to predict  but we just became a company with 50 mill annual sales with  expansion plans and in one of the best markets 

[dlornemoney1111]

My conclusion is your dollars you have invested will be worth likely 50 % of todays value considering they are likely to do a share roll back so when it all shakes out you lost at least 50 % of your money this morning.

[stealthct]

good thing I don't own too much.  50% loss opening bell is crazy.  anyone agree with the 50%?

[Chrysanthalas]

Nope.  Its another American company that just a rto and now people can buy it.  Its an american company in California with dispensaries and cultivation in a large market.  It has reputation and money and now more capital to grow.  So... its going to go up because it was private and when the shares start trading again they will be buying.  I would hold what you got cause we

[dlornemoney1111]

People will sell period and in a rollback situation shares see a slight bump then drift back to close to original price we got screwed dont let the denires convince you of anything else...........D

[DRH1988]

That does happen when companies with no operations do one, junior ming comes to mind, not when a profitable cannabis company does it.