is old creep
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All the stores are profitable today. The problem is frivolous debt was created by old management that profits haven't been able to cover. The sale of New York and Florida stores include an assumption of debt in excess of a quarter billion dollars combined.
There's a huge assumption of Medmen's outstanding debt in the sale of New York, and Florida stores so MedMen will come up faster than they sell cannabis with these deals. MedMen also has a lot of untapped licences so I'm imagining there's an aggressive expansion plan after cleaning up the books. Serruya's a billionaire that knows when to cut losses. The old management built the brand at great expense. The new management is managing the brand and cutting the expense with a machete. Tilray and Serruya are not counting on Federal Legalization to right the ship and make $$$ in this sector but they are here righting this ship because they believe Federal Legalization is coming to this sector one way or another.
With unlimited AS written in the bylaws there's no reason to RS other than waste more money. If after Federal Legalization the Company wants to up list in order to raise funds for rapid expansion and the SP won't hold the $3 or $4 required to up list for 6 months then there's motivation to RS and it would be worth it.
Tilray and Serruya have to much recently invested to entertain a BK. They're in it to win it.
We're getting Safe BANKING sooner than later which makes it 90% Federally legal then the Institutional Investors pile on. Schumer's bill won't pass by design just before the elections so they can rally support for more Dem seats. Not saying it will tip any scales but that's the political play IMO.
I like the idea of getting SAFE BANKING ACT passed with a delay in full legalization as a MEDMEN shareholder coz the Company and it's shareholders benefit bigly without lighting the fuse on Tilray's investment coming due 6 months after Federal Legalization.
It's weird that they're selling Florida stores and while planning to open more Florida stores but all profit is good profit. Mr. Market will wait to see the financials reflecting the sale of those stores before getting excited in my opinion. While it did seem outta the blue, selling licenses is part of the business plan so let's see new stores replace the sold stores and keep it rolling
Schumer announced delay of game presenting his bill to his Senate until August just before recess so unless a big surprise happens in the next couple weeks the $1 projection's delayed as well.
Janet Yellen officially supporting SAFE BANKING
Do your own DD. It's in there.
It ain't over till it's over. Government won't want to give $$$$ directly to shareholders while GSE's are undercapitalized so when push comes to shove they'll argue the $$$$ should go to the Companies and Government will appeal if Lamberth doesn't capitulate. All these cases are connected as the path they're on narrows and everything's on the table while court's in session. I've been saying it's a Taking since day one and not just the NWS, the whole conservatorship was a taking of shareholder's rights and that's where we're collectively going before this is over.
SCOTUS determined NWS was a pocket book injury/taking. SCOTUS did not determine what the amount of damage to shareholders was leaving that up to the lower Courts. I don't know which Court of Claims case your referencing.
That doesn't matter. What the Judge decides matters. Sweeny denied direct claims that were asked for proposing derivative claims because the Companies we're harmed by the NWS and a remedy returned to the Companies makes shareholders whole so we'll see.
Previously the suit lost coz lower Courts said it was not a taking. The SCOTUS said it is a Taking which is a win but MSM articles focused on the loss of APA claims instead of the win and sheople sold on that basis coz they don't know what they own.
Derivative claims/remedies go to the Companies
It comes down to whether claims awarded are direct or derivative. If direct then FNMA shareholders are not represented in this suit. If derivative claims are awarded then all benefit bigly upon release from conservatorship.
Yesterday my fortune cookie say, "An investment will become profitable sooner than expected"
This is one of the cases we're watching that's attained class action status. Since SCOTUS defines the net worth sweep as a Tacking this action will focus on what the Taking is worth. It's interesting to note that Freddie Mac common shareholders are suing themselves naming Freddie Mac as defendant along with FHFA for agreeing to the NWS. This drives home the premise that although they still own their shares, those shares amount to ownership of thin air because there was no shareholder vote/consent as owner's and FHFA appointed directors have been indemnified from liability for breaching their fiduciary duty to the owners of the company giving total control over operations and profits to the FHFA making the FHFA the owner of Freddie Mac and Fannie Mae. That is a 100% taking anyway you slice it.
Another issue to be decided is whether or not direct claims or derivative claims shall be awarded. I believe if the court is inclined to award derivative claims that Conservatorship MUST end as part of the judgement. Otherwise the 100% taking remains 100% without compensation.
As a class action suit the parties may settle for some form of direct claims leaving conservatorship in tact until Gooberment's ready to release them in whatever form they chose as regulators.
Just my opinions.
F O L L O W
D A
M O N E Y...
R O O O O B O T
https://investorshub.advfn.com/boards/profilea.aspx?user=817879
Git dat $$$$$$$$$$$$$$$$$$$$$$$$ Wise Man!
Who else has recently received a 7 page copy of the NOTICE OF CLASS ACTION?
It names all holders of Fannie Mae, Freddie Mac Preferred, and Freddie Mac Commons as of 12/7/21 as members of the Class.
Defendant's are Fannie Mae, Freddie Mac, and FHFA.
Trial Judge is Royce C. Lambert's of the US District Court for District of Columbia
For more information call 866-233-8485
or go to http://www.fannie-freddieclassaction.com/ for a copy of the notice
Who else has recently received a 7 page copy of the NOTICE OF CLASS ACTION?
It names all holders of Fannie Mae, Freddie Mac Preferred, and Freddie Mac Commons as of 12/7/21 as members of the Class.
Defendant's are Fannie Mae, Freddie Mac, and FHFA.
Trial Judge is Royce C. Lambert's of the US District Court for District of Columbia
For more information call 866-233-8485
or go to http://www.fannie-freddieclassaction.com/ for a copy of the notice
Congress has repeatedly done the right thing . We need the Senate and President to get on board or a Super Majority of Congress and Senate to bypass the President. Senate recently stepped up hearing and passing Cannabis research legislation while Senate Majority leader Chuck Schumer has promised to present his Cannabis legalization bill this month. Then we'll finally see all the other Congressional bills heard in the Senate because Schumer's been blocking them until he was ready with a comprehensive bill. Federal Cannabis Legalization has solid momo right now
$MMNFF~ ran from .17 to 1.49 last year on less not to mention the last pop was on relatively light volume holding most of it's gains which shows how tightly held most of the float is. Much of the OS is restricted. Safe Banking is is as good as Federally Legal for the majority of the states and 156mil was last year's #'s on the rise. This is a growth company in a growth sector so the exuberance is rational. In fact, a couple billionaires just recently invested two years worth of revenue in Medmen but what do billionaires know, right?
The answer to your timeline question is relative (Einstein, lol!) to the passage of Federal Cannabis legalization. I believe that issue will ultimately become an election talking point with $MMNFF~ in the healthcare sector right under economy... https://www.pewresearch.org/politics/2020/08/13/important-issues-in-the-2020-election/
Optimistically we'll see it passed before November. However, I do expect with the recent Senate passage of the Cannabis research bill we'll see $1+ by May after Schumer's Bill is presented as Mr. Market perceives progress and inevitable legalization. We could also see 3+ with the passage of Safe Banking which could happen in the interim opening the sector up to institutional Investors. I'd actually like to see Safe Banking pass and delay full legalization. Then Medmen doesn't have to make Tilray any payments until 2028 which is time enough to pay them off with one check IMO.
I'm holding $MMNFF~ for $3+
Right now the argument is not about if Cannabis should be legalized but how Cannabis should be legalized and I believe many peeps on both sides of the isle will find Chickie's 30% tax a bit over the top so I'm curious to see if he dials that down in his final draft. On thing I'm certain of is after Chuckie presents his Senate bill we'll get another nice sp bump north and expect we'll see many more legalization bills heard in the Senate afterwards allowing Chuckie to further amend his own bill. Remember they're working on a Super Majority to get it past Biden and Chuckie wants his name on it
I just found the release date ironic and this Bitcoin article interesting with regards to the GSE shareholder's jury trial... https://bitcoinmagazine.com/culture/future-jury-nullification-for-bitcoin-users
April Fool's!
Thompson says FHFA is preparing GSEs for end of conservatorship
That appears to be the case unless it flew under both Mr Market and MSM radar, or the latter is ignoring it for a reason. Hmmm.
I hope SAFE BANKING wasn't stripped. Another tweet suggests it was passed with the America Competes Act but I find no confirmation one way or the other. Fingers crossed ??
With Marijuana Legalization In Sight, Tilray Stock Could Be A Major Beneficiary
Thanks for that link to her lecture on the administrative state. Obviously she's not a fan and seems to believe it's the root of much evil in it's current form. She's even honest enough to point out the average Joe is not equipped to negotiate any form of justice on his own behalf. That the administrative state puts the cart before the horse so average Joe is presumably guilty and shackled with the burden of proving his own innocence. I really like that she use's the IRS agency as an example. FHFA certainly won't win any sympathy her.
The warrants expire in 28
One thing's for certain...
The price of preferred is overly optimistic.