MYM Nutraceuticals Inc MYMMF

The Little Fish Got Screwed

[TheBridge]

So just as a note, the IM Cannabis share price in the last month has moved from just above $10 a share to $7.28 at close today. During the same time period MYM share price has moved from 11 cents to 23 cents and had finally posted a profit then closed at 16.5 cents today which is a very clear indicator of the value that MYM shareholders place on being part of IM Cannabis, if they hold the shares they get 19.5 cents but they're dumping at 16.5 cents now. Why? They're obviously not tuned into the channel the Rock is on.

[TheBridge]

Forgot to end with, there's no way to stop this happening the managements are all in bed with this deal, likely they all picked the bedsheets together over the last few months.

[biketrader98]

You are correct, it's going to happen and the SP increase in MYM was a direct result of this management's ability to forge a business out of nothing.  I actually believe the long term outcome of this will be very positive.  If you are still holding above this SP then you're probably not happy, but there's more to come.  Jump over to V.IMCC everyone.

[NLMoose]

In light of MYM Nutraceuticals shares plummeting to 16.5 cents a share, which is 3 cents a share below average, and many institutional and private investors are not happy with this move, the planned takeover from IM Cannabis will likely be rejected. Keep in mind that the deal needs at least 2/3's majority in order to go ahead. For example, if 60% of the MYM Nutraceuticals and Biome Groe

[biketrader98]

I'd love to see a second bidder come to tthe table.  That would heat things up and get us true market value.  The SP dropping is a buying opportunity IMO.   You're getting a discount on IM shares increasing the overall value the deal represents.  Am I wrong?

[TraderTrevor]

Isn't this a done deal? Second bidder?

[biketrader98]

It's not done until the shareholders approve it.  If there was another bid such as all cash at .30 I think that would be more palatable.  

[NLMoose]

Financially speaking, a minimum of $1.00 a share or .10 shares per MYM share is better based on the true value of the Highland Grow brand.

[RockMaschine]

prove it without pie in the sky metrics that no longer apply in 2021. 359 million fully diluted for only 29-35 million in revenue for the next two years? Some stunned you are Moose.

[NLMoose]

Very easy to prove. Highland Grow is gaining popularity as this popular cannabis brand is now being sold to other provinces and territories in Canada. MYM Nutraceuticals even introduced new cannabis brands. These brands along with extra profit justifies a price of $1.00 a share, which is why MYM Nutraceuticals made a big mistake to sell the company short, and investors are saying just that

[RockMaschine]

Not at all. 359 million out would mean a 10x price to sales in 2022, no longer valid. MYM cash was dwindling and would have needed another raise in addition to the $5 million at 15+% they already maxxed out. No possible expansion without much more money and know how that the IMC team brings.

[Neoprim]

I have been trying very hard to find the reason why this deal couldn't have waited for the Q3 financials to be released. I'm not an expert at most of the numbers but I've always been blessed with common sense. If MYM truly cared about the average retail shareholders, they would have waited before inking this deal. I'm voting no and no one on this board can convince me otherwise

[RockMaschine]

You are echoing whay many have here prior to MYM purchasing Highland from Biome back in July 2020. You also have simply not owned up to the fact you may have made a poor decision on judging the state and potential of the company since the promises made in 2017. I've stayed transparent and admitted to my bad call when purchasing Biome in 2019 however I am not as underwater on my position and

[Neoprim]

I have read most of your posts and you have my respect for being one of the few posters here who brings an agent of substance onto this almost dead board. I can honestly say that your posts are both informational and substantive to many who frequent the board here. Kudos to you! I wrote IR and asked the same question: with Q3 coming up in less than a month, why not wait? No one seems to be able

[Jaymac5534]

Exactly! There's no other explanation especially when our best financials are do at end of month. Always an inside game!