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Bullboard - Stock Discussion Forum MEDRELEAF CORP T.LEAF

Healthcare Drug Manufacturers - Specialty & Generic
"MedReleaf Corp is engaged in the production and sale of cannabis for medical purposes as regulated by the ACMPR, pursuant to its Licences and, in particular, its Markham Commercial Licence."

TSX:LEAF - Post Discussion

MEDRELEAF CORP > Clearly manipulation
View:
Post by WillyDog on Jul 26, 2018 8:24pm

Clearly manipulation

When I first purchased leaf, I stood to gain approx $7 per share after the 1 share of lead was converted to 3.57 acb shares. Seems odd that the day it becomes final, I break exactly even after the conversion. Just saying. Seems to be the trend in the MJ plays. Manipulation.
Comment by GarlicToast on Jul 27, 2018 11:20am
This post has been removed in accordance with Community Policy
Comment by Analystguy on Jul 27, 2018 7:34pm
You are right there is manipulation and collusion. On May 11th LEAF closed at 24.90 and ACB closed at 8.07. The closing ratio (24.90/8.07) = 3.086. This closing ratio is 15% less than the deal ratio of 3..575. What happened was that ACB lowered its share price by 15% such that it offset the15% shortfall from the May 11th price ratio. Mathematically: Let x = the required ACB price such that the ...more  
MEDRELEAF CORP