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Is CDS equivalent to the DTCC in the US?
Nice pop on extraction news, the X in MPX is extracts.
I’m in the same boat, Fidelity MPX holder here.
Wasn’t going to sell iAnthus anyway, but apparently MPXI is awaiting DTCC approval, which in turn, is holding up the distribution of iAnthus shares.
I’ve also heard people stating brokers are still awaiting shares, the government shutdown caused a backlog, or any of a number of things.
I’m confident that we will eventually get the shares.
Days or weeks, I’d guess.
It’s at a 3 month low.
It would be great to see it hold the .03-.032 level, but the chart is looking shaky.
Could turn around quickly though with some positive revenue numbers or 7-11 news.
Could also see this outperform if there is a broader non sector related stock market sell off.
I’ve got an order in right now to add a few shares at 2.78, let’s turn the previous resistance around the 2.76 level, into support.
I also see a longer term uptrend line on the 3 month chart that looks super bullish if we hold that level.
Though, I’d be more than content to buy more if we retest lower supports in the 2.40-2.70 range, or I’ll just sit back if we continue on up.
Looking like this needs to consolidate a little from this past week’s run and make a higher low
There is a large seller also
On watch for tomorrow...
Anyone know where support is at right now
Should I take a starter here?
Haven’t played this one yet, but have made money on the other two salamis.
This could do a moonshot or absolutely nothing.
Not yet from Fidelity
The answers will come.
First with maybe a clue to what the warrant acceleration was all about. They expire tomorrow.
Then audited fiscal year financials from PWC, due on or before the end of March.
To form a higher low on a Friday, in prep for the next leg up of follow through continuation.
That would then confirm a reversal trend to the upside on the daily chart
Red circle buy area for dedicated longs.
If we get there, I’ll be a buyer, otherwise up we go.
Nice chart.
We owe that to our CTO, Chad.
He convinced Dollinger to buy Findify.
Massive buy order just was executed by someone
TGOD breaking out up on heavy volume
Fidelity said a couple more days
Regarding Spin warrants/cash dividends
I heard that eTrade was requiring US investors to formally elect over receiving the cash or nothing, lol.
I contacted my broker Fidelity today, and after some checking, said that they auto defaulted their clients for the cash election, but would follow up tomorrow.
So, everyone might just want to touch base with their broker, instead of assuming nothing needs to be done, even for US investors, regarding cash from spinco.
Yep, iAnthus is the meat, a great consideration, and MPXI is a dessert bonus.
I spoke with Fidelity tonight. They said that the iAnthus shares should likely show up tomorrow.
Will take a bit longer for the MPXI.
#1 and #2 are the same company/stock, iAnthus.
#1 is the ticker for US investors.
#2 is the ticker for Canadian investors.
You get either #1 or #2, but not both.
The ratio is approx 16.7%.
Meaning, for each 1,000 shares of MPXEF (US), you will receive approx 167 shares of iAnthus, which is ticker #1
You also get #3, MPXI at a ratio of 10%
Meaning, for each 1,000 shares of MPXEF (US), you will receive 100 shares of #3, which is MPXI on the Canadian CSE.
In the end, you will lose your MPX shares, and get 2 new sets of shares.
They had 11% equity in the company remaining as of a few weeks ago.
It states that the board ousted Dollinger, not the special committee.
It also says they are preparing to sue Dollinger, not that they have already filed suit.
The company hasn’t retracted anything.
Here is the original PR issued by Namaste
https://finance.yahoo.com/news/namaste-board-launches-strategic-review-102600116.html
I’m in the US and with Fidelity. Do I need to do anything?
March 5th
Thank you, 7-11 has the very best nationwide distribution in the US. It would be transformational for the company if more 7-11 stores starting carrying our hemp beers, tons of free publicity.
MPX (MPXEF) will soon disappear, and you will receive shares of ITHUF, as well as shares of MPXI on the CSE.
Is 7-11 really involved here?
Bipolar much, you with the investment banksters?
I’m fairly certain that it was well prior to the spin out.
I remember reading about it weeks ago, back in Dec or early Jan.
For anyone who isn’t following that front closely, the Hamilton mayor has divested his TGOD shares.
This is so that he can openly support TGOD at the hearing, no more conflict of interest.
This is hemp beer, not a medical CBD drink?
And New York is legalizing recreational MJ soon.
I just bought back in, SIPC was good to me last year.
This is the one that sets a new high yearly right?
I took down his posts and the admin restored them.
That was a conservative low end worst case scenario in USD
Could be multiple parties interested, unique disruptive tech business model, could be a lot higher $$$
I’m hoping it does dual list on the otc for the international, my broker charges extra fees for cse or non dtc.
How are we still trading as mpx though
Elon Musk for CEO?
He likes weed.
His right hand man is on Namaste’s board.
Actually is the guy who did the independent counsel to prompt the ousting of Sean.
He knows the company will be sold. He’s not an idiot or a villain.
1.50 low end
3 high end
Usd
We aren’t worth a third of medreleaf?
the assets ip revs lic distribution supply tech etc are all there, Im thinking than one party is interested, we are the hottest sector in a bull market. market. Likely a big co from outside the space.
It is cool to think where Meni May take the company too
I see this company getting bought out within days or weeks.
Like 1.50 to 2 USD, minimum.
You liked it better with SD?
MPX International (MPXI) to debut on the CSE this week, unsure of exact day but possibly tomorrow.
This is the spin out of the MPX and iAnthus merger, for non-US assets.
They released CEO Sean Dollinger.
New Interim CEO Meni Morim