Tuesday, September 19, 2017 11:34:55 AM
If Satic deal is dead, Pope is likely still the acting CEO for PMPG. We know he is the CEO of IJJP. IJJP was supposed to have a resale agreement with Satic post closing of PMPG deal rumor has it. Likely part of the closing to wet Pope's whistle related to commons he owns over at IJJP. Again IF Satic deal is dead, IJJP likely now has no relationship with Satic. Pope could be left where he was months ago when PMPG was looking for a home along with IJJP looking for a MJ partnership with the likes of PURA and USMJ.
I suggested months ago that Pope follow the PURA/USMJ playbook where all IJJP shareholders would get a PMPG share or two for every .... shares they own of IJJP. PMPG could use more shares in the market and IJJP just needs volume. Both PURA and USMJ traded on ridiculous volume for months and PURA is still a beast in the making. USMJ is bloated but trades above IJJP even current day.
Pope could fund anything he wants with volume to fund with. He is sitting on close to 300 million shares of IJJP and likely some equity position in PMPG and even better if he finds PMPG a home.
Pope wins, we all win.
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