Post by
RayDonovan78 on Nov 15, 2021 9:55am
Consolidation 10:1 today
Big mistake in my opinion. They just killed the trading volume and have opened the door for future dilution. Seen this many times before, rarely it works in the shareholders favor.
Comment by
dogatcat on Nov 15, 2021 10:18am
Rumour has it that Takascy pushed DWS in this direction.
Comment by
RayDonovan78 on Nov 15, 2021 1:22pm
Quite possible because he holds a lot of shares (10% i think) but it was not a high volume trader to begin with, now it will much less. Maybe he is betting on a buy out ???
Comment by
ashcake on Nov 15, 2021 2:57pm
Agree, a far better/simpler share structure to move forward toward a future buyout. Also, shares for debt deal a strong indication debtors believe there will be a bid / ultimate buyout ahead.
Comment by
dogatcat on Nov 16, 2021 3:21pm
Yes he owns something 9.8% of the company, His average cost is around 10 cents a share. He is banking on Lassonde buying them out. The only reason they haven't done it yet, is that they think the governments are more apt to crack down on them, given their large ssize and scale, then smaller players in terms of wine selling in the grocery storess.
Comment by
RayDonovan78 on Nov 24, 2021 12:37pm
Sadly it looks like with most consolidations the volume has dried up, not sure what they were thinking. I have lowered my bid, it will be interesting to see what Takacsy says next time he is on.