Replies to post #1141 on MPX Bioceutical Corp. (MPXEF)

[CornellEngineer]

That is most definitely huge news. When I was long MPX I was extremely concerned what would happen to the share price if the Arizona supreme court had upheld that ridiculous decision by the lower court, even though everything I read indicated that they were likely to overrule it.

I sold my MPX the day after the merger announcement...mainly because I thought MPX shareholders were not getting nearly enough since it was so undervalued to start with and the main reason why we went long in the first place. Plus when I looked at iAnthus they seemed terribly overvalued compared to many other US-based pot stocks. I have since reconsidered and am now contemplating buying a lot more MPX than we originally held...

https://seekingalpha.com/article/4213781-ianthus-became-top-u-s-cannabis-play-mpx-deal

This new legal development lifts a huge cloud that was hanging over MPX which derives a large portion of its revenue from here in AZ and was probably one of the main reasons why iAnthus decided to absorb them and in the process reduce their market cap-to-revenue ratio to make them more attractive to MJ investors and speculators.

I like watching interviews of the CEOs of the stocks I swing trade...it gives a face and a voice to the company. Here is ol' Hadley Ford from iAnthus back in early August in case some people haven't seen it...

https://midasletter.com/2018/08/video-ianthus-capital-holdings-inc-cnsxian-ceo-on-new-york-and-us-expansion/

If we do get back in then selling on the news 10 days ago may have been fortuitous as the price has since dropped significantly during this recent sector-wide plunge and can now be had at a significant discount from where we sold...kinda like getting some shares for free. Sometimes it's better to be lucky than good. I also like the fact that Scotty Boyes will be the CEO of the spinoff MPX International...he is not a flashy guy who hypes his stock but he seems to know what he is doing when it comes to running a company that produces real revenue. If he does with MPX International what he did with MPX then any shares that longs get in the deal will be icing on the cake.

Any info on when the lockout period would start assuming MPX shareholders approve the deal in January?