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As I stated earlier.
3 reasons CGC is tanking and in turn tanking the industry:
1) Many BD investors are shorting
2) Many CGC sh's are selling for arbitrage
3) Many CGC sh's sold on Task force news.
And so here we are.
You beat me man. I bought the MT close at 6.02.
Add me to twitter I'll show you my game
So much for CGC not falling into 8s. Pain train is just picking up steam. I'm staying away for now
Weird. I know that TD is banking for a few LP's.
This is true, depending on strictly techs on these pot stocks isn't recommended.
Gotta use logic too. Stock go up, stock come down.
I think people realize that most pot stock investors aren't well versed in finance and there's a very real possibility that MT or CGC sh's might vote this down. Not out of any quality DD, but out of poopy pants that their share prices have been destroyed.
We are in a whole new sector filled with burnouts and Buffett wannabe's who are taking it upon themselves to gamble their families financial well being in the markets.
Not seeing 8s tomorrow? Maybe not. But if not tomorrow than Wednesday, correct?
I'll re-enter when this finds support. Maybe I'll think it finds support at $8 and then it gives me a fakey fakey 180 and I turn into bag holder?
Who knows?
By the way ChacenAces. Nothing changes here, still love CGC. Has its issues but she's a beaut long term play. Doesn't change the technicals, does it?
BD at a higher denominator is welcome and celebrated... when it doesn't tank a share price after.
It's like working that employee 1 too many weekends in row, you got the most out of him sure, but you pushed him too far, now he's stressed and burnt out and he's out of commission for a month.
So back to my question, dont you think the investment banks have a duty to support this BD?
Right now this is a broken issue. It needs the support of the underwriter before much more damage is done not only to Dundee's reputation, but CGC and the rest of the industry. I mean what investor is going to want to take part in another pot stock BD after this.
http://financial-dictionary.thefreedictionary.com/Broken+IPO
There has been some grumbling in some circles that I've been chatting with about Bruce continuing to call the shots. The early promotional tactics have run their course and a more sound conservative strategy seems to be welcomed by these large share holders.
Large investors see lost profits just as distasteful as lost assets.
I tend to agree with them.
Small dips are acceptable. But 50%+??? That's full blown P&D status.
This is supposed to be a reputable company. Reputable companies don't create bag holders.
I wouldn't be surprised if Bruce was asked to step down and was replaced with a more conservative candidate with a firm grasp on in capital markets.
That might be the best thing for current share holders.
Just looking over some charts and it seems we might hit $6's if the emotional sellers continue.
I won't mind that and I know longs won't either as it gives them a chance to load up.
Is $6 cheap enough for your liking or waiting for lower?
Are you surprised by the lack of support Dundee is giving to this broken financing?
Talked to a Dundee rep and they aren't holding bags at all. He said they dumped full allotment morning of.
Which kind of makes me wonder, is this why there's been 1 short BNN segment from Dundee since the BD? They cut and ran?
As you know, underwriters have the responsibility to the company to "leave things as they found them"
With CGC most likely falling into the 8s tomorrow, it is trading nearly 20% lower than pre BD.
That's a big big problem.
Perhaps the blame should be put on Bruce Linton? Bit off more than he could chew on this one maybe.
Who knows.
Not saying home grow would destroy LPs. Go check out post on SH and please reply
Disagree. 4 plants per person home grow is not what anyone expected not wanted, Certainly LP investors. Branding regs will hurt CGC more than any other LP.
This TF report was just so-so for LP investors.
The TF left the door open to Rec commercial growers with much less restrictions than LPs.
Seems to be a line in the sand between LPs for Rec and LPs for Meds.
Gonna be a lot of unhappy investors if Rec regulation allows these "knock off" LPs to sprout up all over the place in a fraction of the time it takes for a med LP to be licensed.
Hopefully the liberals, being CGC and APH share holders, will nip this TF recommendation in the bud.
TF was more less useless. Glad they enjoyed a 4 month holiday travelling the world and called it work.
Got it. Thanks.
Ya that's just John talking about their business plan. Reach out to him and ask yourself if you'd like to confirm.
They've sold no dry Cannabis.
Sales should be here any week now.
They need time to stock pile inventory right now so the sales isn't important
They need solid inventory supply for retail partners.
There's no volume in that vid. You have a YouTube link? Id be curious to see this vid.
I know for a fact SL can't sell Cannabis without a sales license.
I wonder if beacon was part of the syndicate who bought 10.60 shares. Hope not, I like non biased analysis.
Yes life gets in the way sometimes. I'm thinking we are making $ tm. But in all honesty the biggest returns come out of nowhere.
Agree. Now to ponder how this might move. We'll see if it was baked in
Are you stoked about TF report?
I typically leave it in the hands of mgmt to do the right thing.
But this one I may have to vote. I could lose a lot of kittens if the vote goes a certain way
Sweet eh! Are you stoked? We gonna make money mmpr!
Wrong. People don't vote because they opt out of voting with brokers.
There is no conspiracy where brokers trick clients into thinking they voted.
Call your broker and tell them you wanna vote for or against the deal.
It's really not that hard.
Can't believe peopke aren't more excited about task force update tomorrow.
We gonna make big time cabbage on CGC tm
Great post buddy. I can tell you've done your DD on CGC. I follow your posts closely cause you know where the winners are. And you know. Cgc gonna pay us big time.
Keep up the good work!
Thank you. Nice to get good info
I'm not seeing the link on SEDAR. It must not be posted yet.
I talked to broker and they can't find it. Since I opted out of company business, they said once it's posted to SEDAR, call the broker and they can proxy my vote for me. Or mail me the voting papers.
I'm assuming it's not yet posted on SEDAR?
Has anyone talked to IR on when vote will be pushed out?
Also will TWMJF holders be allowed to vote being an ADR ?
At this rate MT share holders better hope to god the vote is for acquisition. MT on its way to no mans land.
YIKES
It was brilliant for MT, but I think stupid for CGC. I think CGC payed a premium on grow space they could've built for pennies on the dollar.
Oh well, time will tell if this was a good move or not.
I imagine the BNN host referred to his MT position and simply didn't do the math
Wrong! He will have 1,426,400 shares after the deal closes.
My earlier posts are being proven over and over again.
People clearly don't understand the deal.
Sad
Agree with you? That we should ask for a CEO's resignation for something we don't agree with? No I don't agree
Come on man! Daniel Day! I can see your avatar. On my cell I see a bar chart? Am I right?