Post by
old_dog on Apr 08, 2021 10:24am
Well Well
Canopy Growth to buy Supreme....hum......interesting...Nice little jump in the share price too.
435 million dollar deal......Now I have to ask myself Supreme has 734.6 million shares....so it's just about a 38-45 cent deal...So if the majors are starting to buy the middle fish and consolidate the industry how much longer before they start scooping up other pieces to make a bigger pie.
Could be worth much more on a offer????????.....just thinking here but at 2 cents...it would be a theft to offer anything near 2 cents....now that's if there was any sort of talk........
old_dog
Comment by
HandyAfterall on Apr 08, 2021 10:45am
Offering 3 cents would be a 50% premium. In the nr for the canopy/supreme deal, its stated that supreme shareholders are getting a 66% premium to current share price. 3.5 cents would be a 75% premium here.
Comment by
HandyAfterall on Apr 08, 2021 10:47am
And supreme is an established business with great products (their jack haze is one of my favorites), whereas EAT is....ummm...what is EAT, again?
Comment by
old_dog on Apr 08, 2021 5:01pm
#1, Supreme use to trade for over $2.00 a share once. #2, If you have to ask what EAT is then you shouldn't be here!!!! People buying at 2 cents aren't looking to sell at 1.5 cents.....Not to say it might not tough 1.5 cents but the reality is Millions upon millions have traded at 2-.25 over the last 6 weeks. old_dog
Comment by
old_dog on Apr 09, 2021 12:34am
Well first off your first post didn't bother me...it was your second post...and it appears I do respond to people that post. As far as being obtuse or disingenuous...far from it. I do believe that the new management can and is turning this company around. old_dog