Mettrum Health Corp (MT)

[Dogger05]

Here's some interesting math that highlights how bad a deal this is for Mettrum shareholders;

For example, lets say I want 20k shares to one day be worth $1,000,000 and in order for that to happen Mettrum shares have to hit $50 bucks. Current fully diluted shares outstanding is aprox 50 million. At $50 dollars per share the market cap of MT would be $2.5 Billion.

If MT merges with CGC the 20,000 shares would be (after .7132 conversion) 14,264. I read on the CGC board that after acquisition of MT plus all the other recent deals and bought deal, there would be aprox 165 million shares (not even sure if that's fully diluted, I doubt it is). So for my new cgc position to hit $1,000,000 the share price would need to hit $70. The market cap would then be $11.5 Billion.

Mettrum is the second largest producer, well capitalized with $24 Million in the bank with $7 Million more coming with an unrivalled platform and marketing strategy, which I assume is why CGC wants them so badly.

Does anyone still think this deal is going to happen? If so please provide me with a reasonable argument against my position.