Post by
Chris2982 on Jul 30, 2018 12:07pm
Post transaction valuation
We should be considering the value of the shares after this new company starts trading. After the resverse stock split there would be 3.5 million shares outstanding plus the 25 million to purchase Terranueva plus the 2.5-4 million dollar private placement means there should be somewhere around 35 million shares outstanding when it’s all done.
If you look at every other weed company on the tsx they have market caps of at least 100 million which would give this new company a share price of roughly $3/share once it starts trading or 3x higher than the current close of 96 cents post split price.
I havent done much looking into this Terranueva company but based on every other weed company 100 mil doesn’t seem like an unrealistic market cap to expect. This also assumes there should no minority interests which I’m not sure about
Comment by
divot111 on Jul 30, 2018 11:55pm
Correction: should read...shares pre split worth .003 not post split
Comment by
Investor4real on Jul 31, 2018 4:11am
You and others had a chance at last AGM to vote these guys out?!! What happened? The benefit of a doubt is a killer! I know!! Nevertheless, once this deal falls through; we will always have next years AGM! You are now on the clock, to find replacements! 6 months and counting!
Comment by
Desperado89 on Jul 31, 2018 4:51pm
Divot, your math has some serious flaws. I get what you were trying to do, but it doesn't work that way. Post split at the price of the upcoming PP our current shares are worth about 3 cents.
Comment by
Happy2K18 on Aug 01, 2018 5:28pm
I meant that relatives and friends sold at 12 and 16 cents and dropped to 3 cents. They make a 16 for 1 and leave the new company and vote for cheap options. we call it thugs so as not to insult the bandits.
Comment by
Happy2K18 on Aug 01, 2018 7:14pm
J'ai investi 25 K dans cette merde et je suis sur le point de le perdre parce que je ne veux pas que ces voyous enrichissent une autre compagnie qui nous ruine. Je vais voter contre et plaider auprs de l'AMF et demander une enqute et faire la mme chose.
Comment by
divot111 on Aug 02, 2018 3:35pm
I would like to know how or if they are related or connected to the company they are buying. Nobody gives a deal like that unless it is to family friends or themselves imho.
Comment by
Happy2K18 on Aug 02, 2018 6:48pm
You touch a good point is a gamic transaction I hope all shareholders will vote against and these thugs will lose like the little ones, finish the shenanigans