This voluntary suspension is taking longer than most would have envisioned.
My thoughts are, the longer it is taking, the bigger the deal they are doing. As I said previously, they didn't bother with a trading halt for the Fertigation acquisition, so get the impression this is bigger. The term sheet for the capital raising had the "potential strategic acquisition of a lawful Cannabis license" at the top of the list for use of funds. Nutrients was #3. The Hanson's acquisition was fully paid for by issuing 5m shares. A MJ acquisition would probably be a mixture of cash and shares. As we all know, our share price bounces around both ways on low volume due to the low liquidity. A voluntary suspension would take the share price variable out of their negotiations. Looking at volumes/prices leading up to the trading halt, I can't see that word was leaking out requiring a trading halt, though it wouldn't take much to push the price up if news did manage to get out.
just my 2 cents worth as to why it's taking a while.
RGI Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
