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Acquirer’s designees shall own 80% of the then outstanding common shares of the Company and the Company’s current shareholders shall own 20% of such outstanding common shares.
By the way it reads it is 80% of the current O/S
But we will find out the fine details when they release them.
Forgot to add in alpha and brios shares Haha.
Wasnt part of the deal though for GBI to take 80% of the O/S for their "designees" and the remaining 20% O/S will be the IGNG shareholders?
So wouldn't that mean only 20% remains in the float for the IGNG shareholders.
Deal said 80% of the O/S will go to GBI "designees" the other 20% will be the IGNG shareholders.
So GBI will own 80% of the company.
Leaving us to play with the other 20% in float.
3-5$ is conservative yea.
I expect it will be stupidly overvalued like every other cannabis company lol.
The sky is the limit for low float stocks though.
When the deal is done I expect this to catch up to cannabis market par pretty quick. The FOMO from the cannabis crowd will set in quick when you see huge gains on emerging new cannabis company.
8-10$ a share is a flat out guess given the info available and rough estimates from other small cap cannabis stocks.
Unknown is there is 4.4M warrants out there which not sure what the plan is with those.
Either way. When GBI starts giving us news and current and future plans this will get big.
Theres 50M shares O/S roughly right now.
When RM is closed and GBI owns it only 20% of the shares will be available in the float to trade as per the deal.
So 10M in the float to trade.
I think they are worth a market cap of atleast 80-100M is a fair value in the current cannabis market.
I think they will be on track for 2M in revenues for 2019.
But we cant give them a true valuation until we start seeing GBI news on production capacity of CBD oil and flower and what there financials are like.
I believe they could be worth 8-10$ based on similar cannabis companies market cap with a 10M float.
Weed is hot in America right now.
Not 100% on that.
I'm sure we will find out soon
What information Haha? The settlement?
Yea, it would be like buying a car with a lien on it lol.
You make sure that shits wrapped up before you sign on the line.
.15s are still get scooped up pretty quick.
Feels bad for the people who dumped EOD yesterday.
Buddy who got the 160K block should feel good Haha.
This news is just priming the GBI rocket.
Do the warrant holders need to exercise their warrants though?
Yea, better not be anymore bullshit.
Last PR said a few days till closing.
Either want a solid date instead of getting dragged along.
Whys that?
Oh must of missed that.
Who looks at financials in the OTC lol.
All about the news Haha
What was up with the big dump at end?
People got scared of the10k lol?
Someone snapped up those cheapies awful quick though. 163K block buy at the end.
Looking at the 10k is pretty much useless though except the O/S is 40M as of April 15th. Strange because the last update on OTC said 46M.
So there was minimal dilution in April.
Got 40k at .189 and 20k and .19 to bust through.
Chunk waiting at .17 to buy more.
Might be a sideways day again
Yea since it hasnt been filed this morning, they should have it out post market.
The suspense God damn! Lol
Don't think we will see the 10k till after market today.
Hopefully it comes with a closed deal PR.
Most people arent very active middle of the night on a weekday Haha.
Scared money dont make money lol.
People that are less into gambling are on the sidelines. Waiting for the closing news.
Then from there the volume will draw in the crowds.
Anyone care to take a stab at what a market cap for GBI would be?
US weed companies seem to be getting alot of attention lately.
10K should come out tomorrow.
If the deals closed this ship is blasting off.
Future green space I'm assuming?
Well yea as soon as this merger shit is closed it will be epic to see what they have in store for future production.
US marijuana companies are a hot thing now so everyone should come running lol.
The ones in their instagram look like they're someone else's greenhouse that GBI distributes for.
GBI is already making 550K semi annually on distribution licenses. They arent even growing their own flower yet.
There is some impressive greenhouses in that coachillin park though so I'm wondering if those greenhouses built are on GBIs section.
Excited to see what sq footage the coachillin farm can do, as well as the volume the extraction plant will produce.
Better hear some damn news this week lol.
Best way to get rich stock trading right?
I worked with a guy took out a line of credit against his house to bet on a stock.
Made out with 20 mill.
This is educated gambling here folks lol
This stock will go to the bottom of the floor or the moon next week depending on the RM news.
I need a big win here after I missed 4500% gains on SHMP lol.
Yea small risk big reward. Alot of upside on a new emerging cannabis company.
Someone has been dumping some this morning. They got tired of waiting lol.
Heres hoping lol.
Price has been rock steady at this level at Hope's of closing soon.
Confidence may fade next week if more delays
Yea atleast QB stocks are less likely to be scams lol.
Stinky pinky dark stocks who reverse merge are high limits gambling essentially.
No one cares about IGNG its GBI that's driving the current share price.
IGNG is garbage without GBI potential RM.
That article is irrelevant to the current situation we are all waiting on.
Buddy didnt even look at the news behind the technicals lol.
Lol. I doubt posts from investorshub saying done deal is grounds to prosecute someone.
Cause no one lies on stock forums right?
28K at 16.2 and and 20k at 17.5
Looks like itll be flat again today lol
With the lack of volume since that PR blasting alpha and brios I would say they got them by the balls.
Now it's just people holding onto shares for the possible RM.
Short term traders are selling out because this is taking longer than assumed.
I would guess by friday they will put out a PR that they settle a deal and closing should be shortly after.
Well we're in the OTC we are all degenerate gamblers lol.
20k at .16