Post by
AOGEE on Apr 08, 2021 9:45am
Not a great deal
If you were planning to be in Supreme for the long haul and believed in Beena and the business plan going forward....this deal sucks. I am a bit disappointed in the rhetoric she has been spewing on the pod casts and interviews. I will admit I believed in her spew and bought this company thinking she was going t grew it from the ashes.
125K at .31 cents will not get me my renovation/addition and new boat at the cottage (sorry House I was really going to talk to you about it LOL).
Oh well. Oh well my bad.
I am in a dilemma. I want to hold my shares until a good exit price but I dont want to get caught holding them at the close of the deal because I am not a Canopy fan.
It went to .405 cents on 22M shares in 5 minutes. I think it will hover aroung this mark. The market will dictate if it was a good deal. I am wondering if there is any investors out there that would buy into this company between now and the close of deal in June?
Comment by
George141 on Apr 08, 2021 10:26am
Only a short can be angry at this deal...because Supreme has a good chance for new heights...
Comment by
ridingrockets on Apr 08, 2021 10:36am
It appears Supreme has the ability to search for a better deal, Canopy retains the right to match it. Whether someone else comes to the dance floor??? IDK. I am mad too. I do not care that my avgs are .275 and .305 or so.... This sucks. This company was in a slow organic growth moving forward with an A+ product. Just patience and ride out the next year or two of market saturation....
Comment by
Aurum1983 on Apr 08, 2021 11:23am
I am here. And I am f*ing disappointed to say the least. We made some money but it's BS money. Nothing close to what I am expecting. Have to say though the writing was on the wall. We knew this would happen. MMCAP's recent holding suggested this. It am not selling yet...
Comment by
Phonse47 on Apr 08, 2021 1:31pm
Good to hear you 2 bits Aurum. Disappointed I am too. But like you holding. Canopy is well below its fair value. The aquisition of fire is a big plus for them/us. Next leg up around the corner. Wondering what will become of Beena and team
Comment by
VK400S on Apr 08, 2021 10:41am
Why would anyone except shorts buy Supreme today opposed to CGC? They are locked in and tha's the end of the story. The only hope is that this deal doesn't go through and there appears a better deal. In this case some may be hopeful and buy FIRE over WEED.
Comment by
CitizenBrock on Apr 08, 2021 10:51am
I am in the same situation. I wish I had a crystal bell, but I think this will be a shot in the dark at this point. If anyone has advice lets hear from you. Good luck to us all.
Comment by
ridingrockets on Apr 08, 2021 11:42am
The shares are going for less than the closing price of the agreement right now. Buy and hold for two months and you will possibly get a 40% or so return. That is a solid risk. Me I just bouoght another 140k yesterday so I'm selling some now and taking money before my mtg anniversary date thus I get another prepayment in before I sell my condo and face an IRD penalty. Ouch.