Friday, May 28, 2021 10:39:54 AM
From my understanding, the shares will be immediately issued and immediately counted towards the GGII OS upon the deal closing or very soon afterwards based on how the PR was worded.
I'm confident that the shares will be restricted so they won't be hitting the market anytime soon, but because the shares will be issued, it kills any kind of fair to good valuation that would exist from them growing their operations because the OS would immediately grow to such a huge number to actually exist. The valuation of a stock is predicated upon its OS and not its Float.
I'm hoping these guys are smart enough to see this and go back and restructure the deal. I'm sure these guys got to be wondering why the price has dropped from their high of .16+ per share to where it's at now.
Heck, after going back just now to read the PR again, it stated that shareholders representing 97.9757% of Hempacco's outstanding shares have signed the share exchange agreement, and Hempacco expects that the remaining Hempacco shareholders will sign the share exchange agreement in the coming days. It sounds like it's a done deal.
Maybe they have some investors behind the scenes that don't understand these things that might be supporting them. Because of such, it still can move, but it will do so not based on fundamental merit.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
FEATURED Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • CBDL • Oct 8, 2024 8:00 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM