Member Info for PirateFlag

Sorry barwick I misunderstood what you were saying. Can't wait for Leap IPO, recent recruitment drive and wording of job adverts is clearly linked to IMG tie ups and suggests to me there will be a flurry of news to coincide :-)

Not quite what happened barwick. FFWD did consider selling its stake in Leap but had a change of heart when PASPA got revoked. They were actually very clever and managed to increase their stake by something like 13% I can't remember exactly, anyway it was a very shrewd move as 43% of Leap is now the backbone of the pf and we will do very well when it IPO's.

Whilst I agree with you entirely about the recent sell off of Portage it is good to remind ourselves of some of the more savvy decisions the BOD has made for some balance.

Yeah they may have been asking for too much, we will never know for sure, but the FCA announcement undoubtedly came at the perfect time for EMMAC to review their options and take a more favourable route which is why I'm not as frustrated as some there has been no update on going public. Take the time to get the best outcome is my motto although I hope they don't take too long as market conditions are very good and we don't want sentiment to change before they IPO.

P.s. In light of what has happened to cannabis stocks since the US election I would love to know the Andina's Chairmans thoughts, I'm guessing, regret :-)

Taken4aride,

Fwiw I intend to get back in when I feel the time is right but if I was holding right now I wouldn't be selling as there is limited downside from here imo and web consistently sees mini spikes which will get you 2.5+ on the slightest whiff that the CA legislature are looking at sports betting again. This is unlikely to happen until late 2023 but I wouldn't rule it out entirely as the hit to the State finances caused by Covid has to be addressed somehow, you never know, GL.

I don't think LTH's should be too worried about a few more months delay with EMMAC going public. My thoughts are that
looking back the timing of the Andina deal announcement being cancelled was odd as it was the day after US election which even at that stage looked like a Biden win which was a massive boost to cannabis stocks so I would have thought Andina iii would have been quite keen to seal the deal.
I believe the decision to end discussions was down to EMMAC as the FCA issued guidance on the listing cannabis companies bang in the middle of negotiations and EMMAC realised there was a better outcome for their business.

Good post Mat, nail on head with the added bonus of making me chuckle.

What rumour? They are just your thoughts aren't they?

I didn't even mention M&A's. I'm ruling nothing out, this is a defining period for the sector and I expect to see plenty of manoeuvering taking place.

https://www.valuethemarkets.com/2021/02/18/cannabis-capital-london-is-poised-for-cannabis-stock-explosion/

This is a great read, what stood out for me is that cannabis exchange listed funds will be queuing up for EMMAC and a piece of the European market, all with warchests brimming from Jazz takeover of GW Pharma. Pay particular attention to last paragraph in article :-)

Why did you change olda? I seem to remember it was not long ago you said you had reached 100k shares or was that someone else?

Mat,
Quick question, do you think our old friends at Socati are involved in this somehow?

Scrap that, check this out https://www.calmdrinks.co.uk/collections/shop

If this is going to be on the scale I hope then it will be ultra lucrative and competitive.

Meh, small beer when you are knocking it out at scale and £3? a can.

Agreed WEB is a traders dream. I stupidly got carried away and put 10 grand in at 4.5p when PASPA got revoked. Luckily I managed to trade my way out of trouble pretty much but WEB still owes me £800 which I haven't forgotten about!...I will be back for it and plenty on top when the time is right, GLA.

Thanks for checking in. Give me two rings to let me know you are home safe x

No one is buying on the possibility of WEB turning a small profit. It is all about CA legislating. Until there is news on this front this will drift although I must say I am surprised it has held up this well, I can only think that shares must be in very patient and sticky hands. I think they will be handsomely rewarded eventually but it is still a long way off. GL holders I will continue to watch on with interest.

I'm long, this is way undervalued at present imo. Going to add more when we finally see a bit of support but in no rush whatsoever.

Hope so barwick that would be a free investment in SWB and some.

Finally the games being played are fun to watch. Pleased for all LTH's but you especially, not long now :-)

I'm not knocking the KNB investment by the way after all a win is a win and they don't come any easier but after holding Intensity and then Portage for so long with so much promise why sell for a 100% return (probably not far off what they got over all sales) when the sky could literally be the limit, it's not like we needed the money yesterday.

Ed has made some very astute decisions. He has also made some pretty poor ones imo.