MPX Bioceutical Corp. (MPXEF)

[CornellEngineer]

Like most folks here I was mighty happy when I first heard the news this morning. But now I think that what at first was a good deal for MPX shareholders is not nearly so good after all. The main reason why I thought MPX was attractive when we went long in the first place was because it was a greatly undervalued company with the potential for some terrific share price appreciation. What just happened is that MPX shareholders are now being asked to trade in their stock in a greatly undervalued company and exchange them for a greatly overvalued one. Check out this table...

https://seekingalpha.com/article/4211913-medmen-pharmacann-acquisition-steal

MPX was the cheapest equity on that list while iAnthus is by far the most expensive...by 100 times. The market cap/revenue for iAnthus is outrageously high...I would never have bought that stock on my own so why should we trade in our MPX shares for it? So instead we just sold, because the reason why we bought MPX in the first place is now null and void, IMO.

https://ir.mpxbioceutical.com/press-releases/detail/65/ianthus-and-mpx-bioceutical-announce-transformational

MPX made $3 million Canadian on just 10 stores...iAnthus has 46 stores and couldn't even bring in $1 million. Really???

On to greener pastures and more undervalued stocks for us...if you stay long hope I'm wrong but IMO MPX management was sitting on a potential gold mine and turned it into fool's gold for their faithful shareholders. Don't be too sure that they will approve this deal in January if ITHUF shares should crash and burn before then. Just too risky for me at such stratospheric valuations...if you want to speculate on US-based players there are far better ones out there IMO. No flames, please...just posting my opinion is all. The market will eventually decide who is right and who is wrong. Good luck to all.