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I'm not going to argue with a Long-Long. This is common sense. The Company is being sued by multiple law firms for misleading investors.
Do you really think Terry's and Cam's Attorneys did not tell them to shut the heck up?
Also, Cam is now working for MedRelief Australia.
Where exactly is MedRelief AUSTRALIA located?
I've been reading everyone's posts this morning and I am truly surprised at all of the Negative Posts.
I mean, the smart people figured all this out back in March and sold for $10/Share. LOL!!
But it's nice to see that people are starting to see that ACB is a Company and Financial Performance actually matters.
Personally, I've never seen a stock sell-off like ACB and then recover. ACB has one UGLY looking Chart. It looks like a classic Penny Stock Chart.
Aurora's Attorneys have Terry under a Gag-Order and they shipped Cam off to Australia (as far from Canada as you can get).
Right now, this is all a Legal Matter.
Terry and Cam got into hot water by talking the company up - but the Attorneys have told them that when you are in a hole - the first thing you do is stop digging.
Does ACB even have the #1 Growth Capacity anymore?
ACB used to tout a 625,000 Kilo Growing Capacity that was #1 in the Industry and they were going to sell into 25 Foreign Countries.
However, they have halted construction of 2 of their Sky Class Facilities and now they are selling the Facility they bought as part of the MedRelief Acquisition.
So does anyone know how much current Capacity ACB has?
I'm pretty sure it is way down from the 625,000 Kilos that Cam used to advertise.
Is ACB down to 200,000 Kilos? Or Less?
I don't know where they are storing all the cash.
But there have been lots of Chicago Police by the Dispensaries here in Chicago.
It is not just the cash in the Dispensaries they are concerned about.
There have been long lines of people waiting to buy Cannabis in Chicago and the cost know that this is a Cash Business.
So if there is a line of 200 people - they know that each person has at least $200-$1,000 of cash in their pockets to buy weed with. So the opportunity for muggings increases.
There is no doubt that the Banking Industry Laws have to change concerning Cannabis.
Yep!!
I completely agree with this article. Thanks for posting.
Per my previous posts, I've severely cut down on my Alcohol Consumption
since Cannabis became legal in Chicago.
Molson and Constellation were aware of this shift from Alcohol to Cannabis and they are hedging their business models my investing in Cannabis.
Great Post!!
Exactly! The Company will RESTRUCTURE and will be fine.
I posted about the RESTUCTURING a few months ago.
The Banks could end-up owning ACB.
The Good News is: ACB's Management will do a Bankruptcy Restructuring (not a Liquidation Bankruptcy) and the Debt will get RESTRUCTURED, the Goodwill will be written-off, and the Balance Sheet will look AMAZING after the restructuring.
The Bad News is: The Common Shareholders will get wiped-out. They won't get Jack.
Under the restructuring plan, ACB might even issue 100 million post-bankruptcy shares in order to raise capital now that the 1.09 Billion Shares were retired.
Then ACB will be the Company that all the Long-Longs dream it will be. A great Balance Sheet, low share count, and a great future.
When people say that ACB was built-on the backs of their Common Shareholders - they mean it.
Actually, A LOT of people have that skill also.
Do you ever read Trend's Posts? Or LikeMoney's Posts?
Or how about LISTENING to Merrill Lynch when they downgrade ACB?
Or how about LISTENING to the Jefferies Downgrade?
Or how about just looking at the Chart?
Or maybe try READING and STUDYING the FINANCIAL STATEMENTS? (Instead of reading the latest headline in Seeking Alpha).
Seeing a STEADY, DAY-AFTER-DAY, DECLINE since March 2019 does not take that much skill at all. But if you couldn't see it - you should read Trend's Posts. Trend follows the Trend.
It has all been right in front of the Long-Longs since March 2019.
However, the problem is not lack of information or skill.
The problem is: The Long-Longs think they are right and they are unwilling to LISTEN to common sense.
But I have a feeling that their bank accounts will EVENTUALLY make them see the light.
P.S. - We've heard that "Turn the Corner" BS at $9, $8, $7, $6, $5, $4, $3, and $2.
But keep saying it. Eventually, you might be right.
When ACB goes from 50 Cents to $1 - then the Long-Longs will finally be right!! Yippie!!
ACB has already seen $3.25.
ACB saw $3.25 not too long ago - when it was on it's way down from $10/Share.
So if the Long-Longs were hoping to sell at $3.25/Share - they already had their Target Price.
But it does make me wonder. I wonder when ACB will Up-Tick again?
The shorts have made so much CASH $$$ on ACB - their War Chests are overflowing. So any Up-Tick could be met with a response from some very well funded Short Sellers.
But other than that - see you at $3.25.
LikeMoney - I think we are going about this the wrong way.
Instead of TRYING to tell the ACB Long-Longs the truth. We should be cheering them on instead. It is more fun that way.
For example:
I think the Long-Longs should buy as much ACB Stock as they can!!
Averaging Down on a stock that went from $13 to $1.71 in a year is a great idea!!
What could go wrong with buying more?
LMAO!!
Yep!! You are 100% correct!!
Today people were scooping up $1.71 Shares.
And tomorrow they will be scooping-up $1.6X Shares.
And then when ACB Issues more shares - some one will scoop those up as well.
But it's not the "scooping" that is the issue.
Instead, it is the consistent decline in Share Price that is the problem for the Long-Longs.
If there is never an Up-Tick or Recovery - then Averaging Down doesn't work.
You just end-up throwing good money after bad.
Yep. And you have to ask yourselves what the "Other 90%" know that you don't.
Oh wait a minute, we already told you back in March 2019 what the "Other 90%" are thinking.
Sometimes being the 10% pays-off. But most of the time - the 90% are right.
I'm not picking numbers out of thin air. I was responding to Monster's Post.
But okay. ACB was trading at $1.71 today.
So you think that that HUGE MOVE down a WHOPPING 21 Cents to $1.50 wont happen?
Just save this post and we'll talk about it again when it does happen.
Somewhere around that $1.00 to $1.50 range is where things could get interesting.
I mean, Aurora does have great production facilities and they are capable of producing tons of great weed.
So that is worth something in the long run.
If ACB avoids BK and they get a partner to invest capital - then $1.00 - $1.50 could be a good value.
But it is still very risky. So keeping a short leash on a long position with stop losses is key.
All the Long-Longs on this board seem to know a lot about when people are buying.
But they don't talk to much about when people SELL.
For example: Did that "Legend" ride ACB all the way down to today's prices?
Or did the Legend sell a long-long time ago (an not lose $5,000,000)?
That said, I don't think anyone really knew that the Canadian Cannabis Companies would be selling-off this much.
BUT even though ACB is trading at these lows - does not mean it is a good value. Cheap Stocks are cheap for a reason.
Okay. You win.
Terry bought a million dollars $$$$ of ACB stock because he knows that ACB is going up.
Oh wait a minute, ACB is going down and Terry is losing money.
So logic will tell us that: Terry made a BAD DECISION (unless his goal was to lose money).
People don't want to invest in CEO's that make BAD DECISIONS.
That is why ACB is in the $1.70's today.
I totally agree.
I think people sometimes confuse "Long Position" with the time period the stock is held. But I can be "long" for 10 minutes. It just means I think the stock is moving UP.
I've been growing for a long time also. You are 100% correct. I actually give Cannabis away to all my friends because just 5 plants (the legal limit) produces way more than I could ever consume.
I am also a do-it-yourselfer when it comes to home repairs. But not everyone is a "do-it-yourselfer". And there are a lot of people living in High Rises in Chicago (where there is really no where to grow).
So there is going to be a market for "Store Bought Cannabis" - but the question is: What is that market going to look like.
I was just in Portland a couple of months ago and I really like the "Deli Style" Cannabis Shops. But most of the Cannabis was selling for $30-$35 an 1/8th.
Yep!
And I have a feeling the Mexicans can grow MARIJUANA in their sunny climate better than the Canadians can.
Plus, the Mexicans have CHEAP LABOR (so they don't have to SPEND $$$ on automation to keep costs down).
Yep. Gotta keep any Cannabis Long Positions on a tight leash.
If a stock is going up - buy more and let it run!!
If a stock is tanking - a small profit (10 cents a share) is better than a loss.
I have to admit - following the Cannabis Sector is a lot of fun. It is going to be interesting to see where things are at this summer and into late 2020.
I really think 2020 is going to separate the "winners" from the "losers" in the Cannabis space.
There is money to be made in Cannabis (there is no doubt about it).
From what I am seeing here in Chicago, there simply isn't enough Cannabis to meet demand.
3 of the 10 Dispensaries in Chicago have already sold-out completely and have closed their doors until they can re-stock.
So I can't wait to see how Cresco Labs and Green Thumb do in their Q1 2020 ER's.
IMO, Terry bought his shares at the advice of his Attorneys.
As you may recall, ACB's Management is currently being sued by a lot of Legal Firms for misleading investors.
One of Terry's Defenses could be that he lost his OWN MONEY in ACB stock also.
Juries are much less likely to convict someone of fraud when they lose their own money also.
IMO, Terry's Attorney's are basically trying to paint him as a "victim" to keep him out of jail.
Oh, I forgot about the "Insulters".
The Insulters can't explain WHY they are long on ACB - they just know that they are right (even as the stock is tanking everyday).
But it's a free world and free internet so anyone can post what they want. I just feel sorry for the people that believed their non-sense. (Hint: ACB DID NOT go to $20!!)
Anyway, APHRIA's earnings should be good. And I like their Balance Sheet.
So maybe APHRIA might lift the Cannabis Sector a bit after their ER.
It all depends. It all comes down to sales.
Are there still long lines at the Canadian Dispensaries?
If there are lines out the door to buy some of Aurora's Edibles 2.0 - then I would say that ACB has a chance.
I would add Porteno, Dilian, and AWM0912 to that list also.
I hope they are all enjoying today's $1.85 Selling Price.
Actually, I hope they are buying more shares at $1.85. Because Buying Opportunities like this don't come around everyday (Oh wait a minute!! They do!!) LMAO!
That is a great read. Thanks for sharing.
I like the "Reverse Pump & Dump" Scenario.
The Money Managers pump up the share price while the Company is issuing shares.
Then Retail Investors see high returns in short time periods - so they want to jump in. The better the story - the more Retail Investors think it is a "no-brainer" investment
The Short Sellers are more than willing to sell you shares at the pumped-up share prices while all along they know that the company is issuing billions of shares (which makes shorting it easy).
Then after the pump is over and the shares have been shorted - then the short sellers cover at a lower price (because the price should have never been high to begin with).
Sounds like the perfect recipe for lots of Bag Holders.
I completely understand that.
However, Hillary had Cannabis Legalization as a "Plank" in her Platform and all of the current Democratic Candidates also have it as a Plank.
Governor Pritzker took office in Illinois in January 2019 and Cannabis was legalized in May 2019.
So it took a whole 4 MONTHS for a Democratic Government to legalize Cannabis in Illinois.
So the Democrats are poised to move fast on Cannabis Legalization when the stars align.
Bernie even revealed his 3-Step Plan for Cannabis Legalization at exactly 4:20 PM.
So Federal Legalization is going to happen - it is just a question of when.
There are two sides to this.
You are thinking that ACB is really a $10 Stock that is trading for $1.90.
But the other side is: ACB is really a $1.90 Stock that was trading at $10 because of hype. And once the hype wore off - it went back to $1.90.
A "Game Changing Catalyst" could be a lot of things. It could be an awesome PR that announces a huge deal. Or it could be a fantastic Earnings Report that blows all Forecasts out of the water. Or it could be something we haven't though of yet.
I understand the 30 Day Rule for Tax Selling. However, I really don't think ACB is going to jump on February 1st because Tax Sellers are eager to get back in after losing their money and realizing losses. But I could be wrong. We'll see.
There is no doubt about it: What ACB and the rest of the Cannabis Companies are selling is: Recreational Drugs.
And there is no doubt about it: I am trading Recreational Alcohol for Recreational Cannabis.
Alcohol has absolutely no Medical Value. Beer, Wine, Liquor. There is no such thing as Medical Beer or Medical Tequila. All Alcohol is consumed for Recreational Use.
That said, we have learned the hard way that Governments cannot legislate morality.
The USA tried to legislate morals with Alcohol Prohibition in the 1920's and early 1930's and that was a disaster. People WANT Alcohol and the gangsters (Al Capone) were more than happy to supply it. Today, Alcohol is literally everywhere.
Likewise, the USA tried to stop Cannabis use with the War on Drugs. Nancy Reagan said "Just say no" - but the same thing happened. The gangsters took over and the War on Drugs was a disaster. People WANT Cannabis.
But my point is: Neither Alcohol or Cannabis are needs. They are wants.
And as long as people want something - there will be someone there to provide it (at a Profit $$$).
That is true. Health Insurance will not cover Medical Cannabis (yet).
Illinois passed the Medical Cannabis instead of Opiods Law. But Opiods are still covered under Health Insurance and Cannabis is not.
So the drugs that can kill you (Opiods) are covered, and the drugs that can't kill you (Cannabis) are not covered.
This is just another "goofy" Cannabis Scenario that does not make any sense.
It only makes sense when you look at the history of Cannabis in the USA.
Nixon passed the "Controlled Substances Act of 1970" not because he was concerned about anyone's health. He could care less.
Instead, Nixon was looking at the million Hippies and Black Panthers on the Washington Lawn protesting the Vietnam War - and he knew he couldn't arrest them for protesting because they were protected under the 1st Amendment.
BUT, Nixon watched what the Hippies and Black Panthers were doing. They were all smoking Cannabis.
So Nixon basically started the War on Drugs so he could arrest the Hippies and Black Panthers.
Cannabis has been used as medicine since about 500 BC. But Cannabis has been given a bad name due to politics.
But that sentiment is starting to slowly change (obviously, because Cannabis is legal in 11 states for adult use and 28 for Medical).
The Federal Government just needs to catch-up with the rest of the states on this issue and IMO it will happen the next time we have a Democratic POTUS.
I'm sure there will be spikes.
But my post says: "And stays there". Meaning - it holds its gains.
Currently, ACB didn't hold any of its gains at all. In fact, ACB is back to where it was at before Canadian Legalization.
Good Stocks hold their value and increase with value over time. "Spikes" are usually based on hype or the latest Seeking Alpha Article.
I am talking about a "game changing" catalyst that makes ACB go higher - AND KEEPS IT HIGHER.
Yep. There is no doubt that Doctors have over-prescribed pain killers in the past. Thus the "Opiod Epidemic" on the news every night.
But the truth is: Opiods don't really "cure" anything. They just numb the pain so you think you are cured.
When the Governor of Illinois signed the Law that allowed people with an Opiod Prescription to automatically qualify for Medical Cannabis - that was a smart move.
Usually Governments don't make smart moves - but that was a great move.
The less people on Opiods the better.
Nope. I sold my $1.90 Shares for $2.00. Got stopped-out.
IMO, the only way ACB goes higher (and stays there) is if there is a "game changing" catalyst.
I make Cannabis Peanut Butter.
It is the best PBJ you'll ever have.
(Especially on whole wheat bread).
The Cannabis Market Predictions look big when you read them by themselves.
But when you compare Cannabis to other industries - they don't seem as impressive.
For Example: The US Pet Food Market is expected to be $30 Billion in 2022 - in the USA alone.
Or if you look at American Airline's Revenues - they are $50 Billion.
I dunno. There seems to be a steady stream of "Orange Bags" in my neighborhood. I see them everywhere.
Cresco Labs rebranded themselves as "Sunnyside" and there are people walking around with the Orange Sunnyside Bags everywhere now.
We'll have to wait and see how this plays-out in Chicago - but with 3 million people - I can see where Legal Cannabis is here to stay in Chicago.
Yep. That is a very bullish move on Terry's part and it is good to see.
I stopped-out on my long position. You were right, a 10 cent gain is all I could muster at this point in time.
But I am still routing for the longs and the Cannabis Industry.
No one said that "Everyone was giving up drinking".
However, there could be a "shift" from drinking to Cannabis.
For Example: An Old Style Beer is $11 at Wrigley Field. Have two Old Styles at Wrigley Field and that will cost you $22 (without tip).
Or you can stop at MedMen on Clark and buy an Edible and eat 1/10 of it and save the other 9/10 for the rest of the week.
Also, no one is talking about 70 year-olds shifting from Alcohol to Cannabis.
The youngsters are the ones that will be shifting. Kids just aren't picking-up Dad's Old Style Habit like they used to.
There is a viable alternative to Alcohol now - and people will do what is best for themselves.
You are assuming I am smoking cannabis and my lungs are somehow effected.
Edibles don't effect your lungs.
Nothing like a good Gummy Bear or some Dark Chocolate Edibles.
Yep. "Beer Bellies" are caused by the root word: BEER.
Cannabis is good for after work-outs also. I mean, if you work-out and then have some beers - you kinda just un-did your work-out.
But Cannabis is zero calories - and Indica is great for sore muscles.
Yep. I know. You can drink alcohol until you pass-out, and people think it's fine. No problemo.
Chicago has a Beer Store or Bar on every corner. I don't think you can walk 100 yards in Chicago and not find Alcohol. Alcohol is everywhere.
But as soon as you tell people you are giving-up Alcohol, it is like you have the plague or something.
Alcohol is just so ingrained into our culture that we forgot to even ask WHY we are drinking it in the first place.
It may seem crazy to most people - but I really think Cannabis is a healthy alternative to Alcohol. Cannabis makes me feel 100% better than Alcohol and it has no calories, is non-toxic, and you can choose a strain based on how you want to feel.
I really think that once people realize that Cannabis is better than Alcohol - we'll see a real shift towards Cannabis.
I think Constellation and Molson already know this - that is whey they invested the way they did.