Thoughtful Brands Inc PEMTF

When will this trade again?

[Snowhouse]

I thought it will resume trading again today. It's not going to do RS immediately. Maybe the company is afraid that the sp will come to zero before the RS, lol. They have wiped out the current SH. The management is POS.

[GustheGreek]

Trading won't resume until the deal is complete. And for those of us who got in under 10 cents, this may turn out well in the long run.

[STOPpumpn]

i hope this is true, but what is that based on?

[GustheGreek]

Upon completion, existing TBI shareholders would own 10% of FCC which is valued at $196 million (that was a month ago). That would value TBI shares at around 5 cents. BUT, since the announcement, other "peer" stocks have gone up, and most likely will keep going up in value. Existing TBI shareholders may be smiling down the road...

[Bdlight]

Does anyone has any idea when this could trade again? long time no update!

[KeesWas]

There is a new monthly report!

[jvegas101]

Sounds like wishful thinking but in the off chance you're right how bout a link?? 

[ChefBHT]

https://webfiles.thecse.com/CSE_Form_7_-_Monthly_Progress_Report_-_January_2021_1.pdf?B718fEPlaIodVXvHZSWPtA3Cp1Z9VsbO

[ChefBHT]

Discouraging... The Issuer entered into a binding letter of intent, on January 6, 2021, with FCC to consummate the Transaction. The Transaction will involve the acquisition of all of the outstanding share capital of FCC by the Issuer, with the resulting Canadian reporting company being listed on the Canadian Securities Exchange (the “CSE”) under the name “Franchise Cannabis Corp.” (the “Resulting

[Peterpan1967]

Does this mean the shares will not be traded or honoured? Or is there still hope for resuming trading? I appoligize for my ignorance.

[ChefBHT]

I'm just as ignorant Pete so all IMO... The monthly report states; "As a result of the work on the Transaction, the Issuer has put its joint venture with Franchise in Europe on hold." It's not entirely clear to me whether this means a) the entire deal (LOI) is on hold or  b) just their intentions in Europe are on hold (but the US is still active) ie: maybe the deal

[Peterpan1967]

Thank you so much for the reply Chef. (I'm a Chef by profession :-) ) I guess we will wait and see with fingers crossed. 

[jvegas101]

While I am ultra frustrated with this halt I don't necessarily see the " hold" on the JV as being good or bad news. IMO it would just be a normal move while they complete the reverse takeover. I'm also sure that there are many hoops to jump thru before this deal can be finalized which is causing this long pause, however it doesn't make it any easier to have $$ tied up while

[ChefBHT]

How you then interpret: " As a result of the work on the Transaction, the Issuer has put its joint venture with Franchise in Europe on hold."?

[ChefBHT]

**how DO you...**

[jvegas101]

The JV( as far as I know) was already going on and was put on hold when this RT was announced. The companies are becoming one( subject to the conditions laid out) so obviously a JV can no longer exist if this happens. In other words that announcement in the monthly update wasn't anything new. 

[GustheGreek]

Let's get this done already. MJ stocks are on fire right now. WE NEED TO START TRADING THIS THING IMMEDIATELY!!!