Post by
DustPuddle on Apr 12, 2022 10:07am
Numi to aquire novamind news
https://stockhouse.com/news/press-releases/2022/04/12/numinus-to-acquire-novamind-creating-the-north-american-industry-leader-in
Comment by
yvrean on May 11, 2022 2:05pm
There goes the value of this deal
Comment by
JocetooBad on May 11, 2022 2:36pm
Yeah. Unfortunate. I'm not sure why investors are punishing NUMI so hard. Synergies and increased revenue seemed like a good idea to me. Both NM and NUMI needed each other I find, and both are dropping now.
Comment by
yvrean on May 11, 2022 5:00pm
It's all for the $$$$$. The lesser each is valued, the lesser the merger price will be
Comment by
JocetooBad on May 12, 2022 11:45am
Negative reaction is exaggerated now. If you combine Cash from NUMI and NM, it's $53M. Current market cap of the 2 companies is around $85M! I'll buy more at this price.
Comment by
yvrean on May 12, 2022 1:47pm
Which one are you gonna buy?
Comment by
JocetooBad on May 12, 2022 2:17pm
I'll buy NM, that was my original position. Just averaging down. I liked the expansion and good revenue generation from NM, though I was a bit worried about cost control. So the merger is positive from my standpoint.
Comment by
yvrean on May 12, 2022 5:55pm
Good luck, I'm waiting to get in, I thought is would be at .42 but I was so wrong.