MYM Nutraceuticals Inc MYMMF

MYM Executives Not Using Their Heads Again

[NLMoose]

While MYM are in a process of IM Cannabis taking over the company, it seems that MYM are doing more private placements, including ussing 113,893,254 shares.

What's a point of issuing shares if IM Cannabis is going to take them over?

Something doesn't look right.

[RockMaschine]

It looks absolutely right. Back when MYM bought Highland from Biome they issued about 36 million shares intended to be sold into market to pay part of a loan. There was also special issue convertible shares which were intended to be granted later. Ideally much later at a higher price as everyone wants. However when IMCC came in and made the 0.022 share offer now all MYM shares must be considered

[biketrader98]

You can't deny that this IM merger has tanked MYM.  There was a lot of momentum going into the acquisition that has all dried up and now the SP is tied to the success or lack thereof of IM.  I for one feel that MYM would be better off in the long run continuing on their own and growing the brand.   If this was a good deal for both companies, the SP would be moving the other

[RockMaschine]

You have no idea where that momentum came from. Who do you think is actually buying this and bidding it up back in Feb-Mar? Can the amount of talk on a board give an idea of retail sentiment and investment? If that was the case this would have gone nowhere. I know of few newcomers to this and ample bag holders. Honestly, where will the money come from. Ive spoke to this before and it is only the

[biketrader98]

The big boys arer back in acquisiton mode....check out the HEXO deal announced today.  I wouldn't be so quick to say that IM is the only suitor...

[NLMoose]

Technically speaking, its not a merger as MYM will be a subsidiary of IM Cannabis if the deal goes ahead, which is less likely now that their share prices has dropped more than 60% of its one year high price in two months. Keep in mind that there's a big difference between a merger and an acquisition. A "Merger" is when two or more companies mutally agree to join forces to form