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Appriciate the info, thanks.
more news on merger gtec
https://www.newswire.ca/news-releases/gtec-holdings-announces-strategic-merger-with-invictus-forming-western-canadas-largest-indoor-vertically-integrated-cannabis-company-700682711.html
Edit: also this.
https://www.benzinga.com/markets/cannabis/18/11/12717599/canadian-cannabis-m-a-invictus-to-acquire-gtec-holdings
Have a call into invester relations hopefully they can explain why we have had to sit 3 days with untradeable shares with no prior warning that the shares would have been untradable. I have been through other stocks which changed ticker symbols due to assorted factors and never had them unable to trade, usually things done overnight so as not to disrupt the flow of stocks, first time I have run into this. Still pissed but wtf. Waiting for investor relations.
To those in TDwaterhouse, I tried to sell my gene shares at 1.50 when the trading halt ended but was told by software I held no gene shares, tried to sell ivitf and was told the same. Contacted the brokerage and they stated we are holding the old shares and can't do anything with them until Monday when new shares will appear in accounts. So right now we cannot do anything with them. Would have been nice to have sold at 1.50 and rebought lower. Pissed now.
Any trading halt on ivitf? we have one on gene.
anyone with more info on this speak out.
BRIEF-Invictus Announces Strategic Merger With GTEC Holdings
5 minutes ago by Thomson Reuters
Companies Mentioned: GENE
Nov 16 (Reuters) - Invictus MD Strategies Corp:
* INVICTUS ANNOUNCES STRATEGIC MERGER WITH GTEC HOLDINGS FORMING WESTERN CANADA'S LARGEST INDOOR VERTICALLY INTEGRATED CANNABIS COMPANY
* INVICTUS MD STRATEGIES CORP - DEAL FOR TRANSACTION VALUED AT APPROXIMATELY $100 MILLION
* INVICTUS MD STRATEGIES - HOLDERS OF GTEC COMMON SHARES WILL RECEIVE APPROXIMATELY 40% OF ISSUED AND OUTSTANDING SHARES OF INVICTUS POST-CLOSING
* INVICTUS MD STRATEGIES CORP - TRANSACTION WILL BE EFFECTED BY WAY OF A PLAN OF ARRANGEMENT COMPLETED UNDER BUSINESS CORPORATIONS ACT
* INVICTUS MD STRATEGIES CORP - ANTICIPATED THAT DIRECTORS, OFFICERS, INSIDERS OF GTEC, CO WILL ENTER SUPPORT AGREEMENTS TO VOTE IN FAVOUR OF DEAL
* INVICTUS MD STRATEGIES CORP - ANTICIPATED THAT INVICTUS AND/OR GTEC WILL HIRE FINANCIAL ADVISORS IN CONNECTION WITH DEAL Source text for Eikon: Further company coverage:
That would explain why my account now shows ivitf instead of gene. TDwaterhouse.
EDIT:
Didn't say anything about PODA though.
Looks like we are headed for the low's .80/1.05 ivitf/gene.
Looks like the overall MJ industery is down a bit this morning, hopefully it turns around latter.
This is from Sept 05 but is the firt time I've seen this particular report.
https://www.theglobeandmail.com/investing/markets/stocks/WEED-T/pressreleases/70874/
Just thought others may wish to see it in case it was missed.
Have a good weekend all, see you Monday.
Come on now just like the Doors song "Break on thru to the other side" (of the 1.00 ivitf and 1.30 Gene.)
say Danni, RP and all else, what is the cost of the flower in your area, ours is kinda high priced for what you get, can't see anyone staying with this legal stuff if they have a dealer already, I have a medical card for cannabis, so not worried about talking, first my dealer charges 50.00 per quarter, 7.5 grams. Here legal stuff, it is 12.00 per gram 10.00 if you can find it. Manitoba is my prov. I have heard 11.00 as average and any 7, to 9.00 is shake which our dealer refuses to sell. Haven't seen that stuff though.
Either way the baddies (underground) would be able to raise their prices now that the Legal stuff is threatning to kill their profits right, LOL.
Looking at PM most of the industery is down some by a lot, Gene flat 1.22 hopefully this is bottom.
EDIT:
disregaurd msg. now dropping a bit, but 52 wk low was 1.16 so lets hope.
Don't know about you, but I always said none.
volume is picking up nicely, in the short time to come, things will get better, to what level? Hard to say but what we have now will be worth more in a few months, the day to day is frustrating, espicially when it is dropping. This is why some includeing me don't watch it all day, daily. Keeps us more focused on the end prize, and less likely to do something, like sell and miss the up move if and when it comes.
Now that the legalization hype is gone the true valuation of the stocks will start to show, it will take a quarter or two for that to show, so long term this is. 0.90 ivitf and around 1.20 gene seems to be bottom I hope.
True but it is the true nature of the beast. If it don't make you rip your hair out, it's not worth beeing in. lol
The overall industery is taking a kicking today, TLRY down 10.84.
got running to do so see you all on Monday, hopefully a better week coming.
gl all
wonder if it stops at the dollar
sorry Danni, but I wasn't posting about the PODA, only the news about the 23 mil bought deal financing. I have heard nothing about Poda or the votes. Would imagine news will come out soon.
look under "recent posts" Oct 19th and click. http://invictus-md.com/news/index.php?content_id=215
That it is, lol but I got to read the whole story then posted it and now can't read any of it. WSJ I should have remembered no signup no story, sorry guys. I won't post from thoes sources anymore.
filled at 1.73 gene. now lets get this party started.
looks like the general mj market will opoen a little lower this morning as pm prices indicate, I have an order in for 2820 more at 1.77 Gene, Was thinking of 1.75 but might be lucky to get it at 1.77.
Well whole sector down today some by quite a bit. Only question now is will we bounce at 1.30 or slide to 1.25 MACD is at 0.035 or so, hopefully it will bounce, either way will check back in tomorrow and yes this is still a diamond in the rough. Just too many other things to do today than watch.
Say Danni, just for info if you type into address bar "Invictus announces OptionCo has received its license to cultivate" most cases it will take you to the reference, just cut, copy paste into here and instant link.
Thanks for the info Danni it is appriciated until you posted I hadn't seen it yet.
Info from gene investor relations on voting. Hope this helps, I called they had wrong address, now have my control # and brockerage now has updated the add. to.
EDIT: my vote is done.
Hi XXXX,
If the shareholder is a registered shareholder or a NOBO holder, he may vote via tel or internet following the voting guide as attached. He will have to first obtain his control number by calling Computershare at Tel. 1-800-564-6253 or 1-514-982-7555. Other than these type of holders, they would have to contact their brokers.
Thanks
--
photo
Mauricio Inzunza
Lead Manager
Investor Relations
Flinnwest Solutions Inc.
A 15047 Marine Drive, White Rock, B.C., V4B1C5
P 604.670.7060 M 778-994-3486
E minzunza@flinnwestsolutions.com
W www.flinnwestsolutions.com
lol, I am sure it will get better as time goes on. Think this will be fun to watch as it grows.
On a positive side for me now I am up 6.02 on my gene investments. lol
Mauricio Inzunza investor service rep for Invictus phoned to state they have sent a request for information to the lawyers asking for what requirements ect. will be required and when, along whith other info, they are sounding very concerned at this point in time and are working to get factual answers to our concerns. Tomorrow or possible a couple of days. I will post all when I get it but I would also look on their websight as you may see it there as well that wasn't stated but seems a most likely scenario.
Contacted invictus investor relastions, they stated they know nothing about the voting requirements for poda as they are not looking after poda they are interested in more info I am sending them the post you sent me as they requested it. I stated investors are getting concerned no info and voting date getting close, he stated he will get basck to me today as the only info at present they have is it would be a even number of invictus / gene and 1 poda share as we already know but knew nothing of the vote. will post his responce after his reply today, would ask that anyone having questions to wait one more day before contacting them in concern about shares and voting. They seem to be very active in preventing bad or undeserved publicity, especially this close to the 17th. So lets wait to end of day when I am to receive as reply. Tomorrow is still another day, and they may provide the ans, we need today, give them a chance.
Thanks man I am a Canuk too and in Gene, so I will be on the phone soon. Will let you know what I get.
Where did you go to vote as I have received nothing yet, not sure if they have my address as I moved 4 years ago. I have contacted the investor relation when you first posted about it and have not received any responce yet, which I found odd as I received a responce on my first contact with them within 1 day. Anyone else have more info in this regaurd.