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Trapdoor 45-70

Trapdoor 45-70
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  • Arcan Resources - A Company Transforming Transaction In The Near Future? [View article]
    Devon Shire,
    In your 8/28/13 article on TRIAF.PK you had LSTMF.PK taking out Trioil as your best guess (Lightstream owns 17.3% of this one as well). You were close but it looks like another take-under as there was news after the open yesterday and the Poles (PKN Orlen) stole the company for a dime under the bid (deal at $2.85/ sh with last trade at $2.95).

    NOVUF.PK was picked at or near the current market as detailed in your article dated 9/5/13. I wonder if we all need to adjust our thinking on these takeout values as it seems the premiums just are not there on these latest 2 deals.

    If I had to guess today about Arcan Resources, I would say the deal happened yesterday or over the last 3 sessions and what you see is possibly all you are going to get.

    Your thoughts?

    Sep 17 10:19 AM | Likes Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    Allen, Ashraf, and Panoplis, please check the 8k dated 11-16-2012 for CannaVEST Corp (symbol FCLS, formerly Foreclosures Solutions, Inc). Appears CannaVEST bought all the assets and debt of Phytospere from MJNA on 12-31-2012 for $35 mil. The best part is that they bot it for 5 easy payments in cash or stock. Naturally they used stock for the first payment. But a closer look shows that CannaVEST has only about $163 in cash on their balance sheet. It's a great read if you want to know more of the mystery.

    I do not see any press release from MJNA about the sale but they do continue to praise the results that Phytospere is having as if those results will enrich the holders of MJNA. Seems a little misleading to me. Just saying...

    For disclosure, I have no skin in this game but got taken' in my all the chats today and had to read more. I also have some experience advocating for shareholder rights in the small cap space. I fear this one will end badly.
    Feb 19 02:53 AM | 1 Like Like |Link to Comment
  • Assured Guaranty: An Undervalued Diamond In The Rough [View article]
    Question for the board... Does UBS owe AGO any putback, and if so, should this downgrade of theirs be seen as a conflict of interest? I find this quite funny if true. Long AGA.
    May 3 07:35 PM | Likes Like |Link to Comment
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