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The deal is amazing CEO personally getting rid of 10,000,000 shares, DRNK shareholders getting SNNC dividend (Free Money) and DRNK acquires a company.
No resverse split no horrible share conversion just about the best thing that could of happened besides him getting rid of 1,000,000,000 shares.
That will take some time. The CEO is getting rid of 10,000,000 shares and DRNK holders are getting a SNNC dividend so that will bring buyers.
Pennnyyyy baby
I like how there is no share conversion we would of been screwed so I think this is just about the best thing that could of happened
This is great news. DRNK shareholders get SNNC dividend and 10,000,000 shares are erased from the float per the CEO to acquire the Arizona company...I see this hitting 50 cents in the month of March.
The people in charge set the conversion rate the share price doesn't from what I understand. They can set whatever rate they negotiate. That is my experience.
lol
They are merging Drink mergiing with SNNC its fact
for every 10 shares of DRINK you get 1 share of SNNC...Dont over think it if you had 1,000,000 shares of drink you would be left with 100,000 shares of SNNC at the SNNC share price.
Thats why I am saying anything over 25:1 share conversion is not that good we have to wait and see.
Do we hit .006 before close?
Hoping the DRNK share to SNNC share conversion ratio is favorable will probably find out tomorrow.
sorry .005
Drink just hit .005!!!! .... We need this share conversion to be 10:1 or lesssssss please I need a new hat.
No Clay Trader Please!!!!!!!
Yes but have this affects us is our shares of DRINK will be converted to SNNC that math is TBD
DRINK share holders shares will be converted to SNNC shares. The conversion ratio is yet to be announced....Hence people buying DRINK of speculation of this IMO if its 50:1 or higher not so good if its 25:1 or lower...Good
The big news is the NOHO to SNNC share conversion ratio...If its 50:1 or higher this isnt so great if its 25:1 or lower this is great. We still need NOHO share price to rise more and or afavorable conversion rate.
You may not have to care about NOHO stock after the PR you may only focus on SNNC stock if NOHO is converted to SNNC
Yes check NOHO Twitter PR tomorrow confirmed
RUNNN forest RUNNNNN .003 babyyyyyy 2 million shares here long and strong im out at .1-.3
We don’t know that yet drnk May do share buy back too
SNNC could be diluting their shares depending on how much the put in the SPAC looks like we will get shares in their company. They are at .18 but that price can drop if they find the SPAC with more shares than they have now...Also a drink share buy back might not be that profitable if it’s for the current drnk share price upon acquisition the best thing here is if we get SNNC shares and they don’t overruns the SPAC with too many shares
It already hit that earlier this month
A share conversion ratio is not a RS
Hopefully Clay Trader doesnt show his face here.
Almost hit .03 testerday...Not bad
Currently negotiation on structure of deal no ones knows yet
Ive got a million shares im out and happy at .3 Long term gain tax rate 15%
DRNK merging with SNNC company at .1+ no dilution upon merger confirmed by CEO on twitter
A factual burn
I’ve been holding since 2016 with a few million shares I think without a RS this can get to .05-.1 on legalization but they need to reduce shares for this to be something big BUT I think saying there will be a reverse split is pure speculation right now.
I’m all for it and I’m selling at .3-.5 if it ever gets there
Y do ppl think there will be a reverse split? That would be amazing but what indication is there that this will be true
I have a few million shares knowledge is important here. If it’s known we adopt SNNC share price then I won’t sell till merger...Don’t want to short change myself by 6 figures+
Questions are: what is the share conversion ratio from DRNK to SNNC shares and when merger is complete do we get SNNC share price
What is the share price of Drink when the merger happens?
They have to get rid of a lot of shares for $1 or gov legalizes MJ
Yea new low .0034 from .0001 a month go... Ur dumb
This will hit past .02 tmw with the OTC update news we see .10cent+
I thought we are being acquired by another company no?
Closing between .004-.005 is fine today its holding the line waiting for more green days this can hit .01 this month and when the Fed legalizes weed and the vote gets closer and closer to yes this grows too...
They also have good products check them out.
https://usmj.com/collections/cbd