Member Info for waynesplash

Hi all, any thought's or news on this stock please ??? Imagine putting 2K in, and it going back up to its high ??? Yes I know I got more chance winning the Lotto, but you never know.

Aytu Biopharma Inc

https://finance.yahoo.com/quote/aytu/

Wayne

Hi all,

There have been a very big merger of firms in the last few day, now they are all called; RAYTHEON TECHNOLOGIES CORPORATION. I was thinking of putting 3k on this, all comments welcome.

If it was not for the virus, this would be a buy, buy, buy.

Wayne

A previously announced agreement between Tilray and Privateer required that each Privateer equity holder who received the shares of Tilray stock or options to purchase Tilray stock in the merger were subject to a lock-up allowing for the sale of such shares only under certain circumstances over a two-year period beginning December 12, 2020. During the first year following the closing of the merger, shares will be released only pursuant to certain offerings or sales arranged by and at the discretion of Tilray. The pro rata release will be treated as a “permitted sale” under the lock-up agreements, waiving the release requirements with respect to such shares included in the lock-up agreement.

“The shares to be released on April 3, 2020 are part of the previously announced release of Tilray stock over a two-year period,” said Michael Kruteck, Tilray’s Chief Financial Officer. “We believe the staggered release of locked-up shares, as well as strategic and marketed offerings, will manage our public float in an orderly fashion.”

The waiver and release announced today will apply on a pro rata basis to each former Privateer equity holder who received shares of or options to purchase Tilray Class 2 common stock in the merger, including certain Tilray officers and directors.

The waiver and release of the 11 million shares represents approximately 14.5% of the locked-up shares (including for purposes of this percentage calculation shares that remain subject to escrow and/or subject to outstanding assumed stock options).

Wayne

Hi all,

Would anyone know if this means their stocks will go down or up, as I am new to this and not understanding this. Thank you for your time and help.

Canadian cannabis company Tilray Inc. TLRY, +3.39% said Tuesday its board has agreed to release 11 million shares of class 2 common stock held by the former equity holders of Privateer Holdings Inc. The shares are being released from a lock-up agreement entered into in September of 2019 by and among Tilray, Privateer, Down River Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Tilray, and Michael Blue, as the Stockholder Representative. The waiver will take effect April 3. "The shares to be released on April 3, 2020 are part of the previously announced release of Tilray stock over a two-year period," Tilray's Chief Financial Officer Michael Kruteck said in a statement. "We believe the staggered release of locked-up shares, as well as strategic and marketed offerings, will manage our public float in an orderly fashion." Tilray's small public float has made the stock volatile in certain periods. Shares fell 12% premarket and are down 61% in the year to date, while the S&P 500 SPX, +2.28% has fallen 19%.

Wayne