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Re: Ramp Worm post# 101

Thursday, 09/27/2018 5:43:59 PM

Thursday, September 27, 2018 5:43:59 PM

Post# of 147
Anytime. To be honest, though, I doubt they will be acquired anytime soon for a few reasons:

1) in the CEO's interview on Midas Letter last year, he was asked if they will be a takeover target or a consolidator, and he unequivocally said a consolidator,

2) they just acquired King Extracts and are selling more and more products in California, so it's hard to see them giving that up in order to be bought by a Canadian company, and

3) after all the time they've put into
building up the company, including a number of financing deals with warrants at a little over $2, I don't think their plan has ever been to just get to a $140 million market cap and then sell. They seem much more ambitious than that!
And that's to our benefit!

But maybe a joint venture is in the works. The announcement about DelMorgan is very interesting.
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