Nope, I reckon he's saying it's worth less, and I reckon the market is going to agree. I'll be surprised if the share price doesn't drop below 6c within the next month.
CPH was already in trouble and Mr. Corona has just thrown the market into a bear pit. Why would anyone be throwing a takeover offer at CPH in these conditions? It makes no sense.
CPH really isn't well positioned right now. In an already crowded industry, which will get hit hard by an economic downturn (weirdo alternative medicines are very much discretionary purchases, and while recreational drugs are somewhat recession proof, if someone has less money and wants to drown their sorrows they're going to be more likely to go the cheaper established market rather than the expensive new boutique version).
CPH Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held
