Home > Boards > US OTC > Cannabis > Choom Holdings Inc. (CHOOF)

It would depend on how the deal is

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
happyglass Member Profile
Member Level 
Followed By 12
Posts 2,718
Boards Moderated 0
Alias Born 12/21/16
160x600 placeholder
happyglass Member Level  Thursday, 08/20/20 12:18:05 AM
Re: quarinteen post# 1845
Post # of 1895 
It would depend on how the deal is written. If they are buying the business outright, you would be given the deemed price per share as a cash payment. If it is a share transaction you would get an equivalent value in shares in the new company that is equal to what you had with the old one. Right now, I own Dixi shares, they were halted because of a merger with br brands. The value that was given to each of my shares (is said to be) 40 cents. I will get the equivalent of 40 cents for each share I own of dixi in the new company. When my Dixi shares were halted their value was pegged at 14 cents. I have to wait until the deal closes to see what I really end up with I will let you know as soon as I do. Alternatively..... I bought FUNN because they owned radiant technology a paving company and coffee houses called snakes and lattes, the sold radiant off and I did not receive a penny. They are on a very stinky exchange so they can abuse their shareholders without any repercussions. The exchange the stock is traded on can be a factor in how fairly you are treated. I have owned shares in companies that Canopy bought and each time I received a share valued at about 10 or 20% higher than was showing on that original stock’s price.

Anything I post is my opinion only and subject to change on a whimsy
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences