Post by
hevin on Jul 17, 2021 9:25pm
Just voted in favour of proposed changes, BUT
unless I did the math wrong, I thought we already had an authorized extra 300 million shares or so that could be issued for acquisitions, etc....and that translates into a LOT of $$. So why the 200 million more? Of course I may have misread something due to large regular intakes of CBD and THC, so could be completely wrong. Regardless, the whole thing worries me in terms of possible share dilution (potentially nearly a billion shares) and the subsequent negative effect on SP. So I will blindly trust Simon and Carl on this one. Hope you are all well (longs only)
Comment by
tysonlewis on Jul 18, 2021 11:15pm
446M to 980M shares allows for someone to come in and take exactly a 55% stake. The same size position STZ took in CGC. And then with that big cash infusion they can buy 1 or 2 mso's or Euro assets. My bet is ABI. If it is not this, why wouldn't the current 300 M shares not be enough?
Comment by
portonot on Jul 19, 2021 12:59am
This post has been removed in accordance with Community Policy
Comment by
hevin on Jul 20, 2021 12:11pm
This is the best answer I've read yet so I'm bumping it; it's also devoid of personal insults againtst long-term investors so should be commended. Best, sir glta longs, may shorty rot in a hole dug by their own stupidity.