"Wise men learn more from fools than fools from the wise"
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BOOM FELLAS!!!! Hopefully this can separate us from the masses!!
This is not a penny stock where a few can control the price. THere needs to be a shift in sentiment either in the sector, or this company individually by the market.
Hope so. This sector is so oversold its not funny, yet the falling knife has continued. Hopefully, stable earnings gets this one back in favor. At some point, the survivors will move even if sector is not in favor.
Sector blood bath with no bounce....this is crazy.
I'd take $7.32 right now, for sure. Hell, let's start at 3.32!
What is going to be the catalyst to reverse the course of this stock/sector?
They should deliver a case of TUMS to your doorstep when you buy more shares here.............
Disappointing alot moving higher and not us today.
That is not true whatsoever. Issuing only debt vs equity has its problems as well. Debt isn't free and if you aren't generating huge amounts of free cash flow paying back becomes a MAJOR issue. Also, debtholders have priority over all equity holders.
THere are times to use both.
Agreed. This is not just a bit higher activity. Plus, as you said its completely opposite to stock action.
That is crazy high number of calls.
With those shares your balance sheet looks much better with more $$$$$$$$$ in hand. I don't like the timing of this however, I would have hoped to start issuing on an upswing, not at the bottom of the chart.
Slow drip downwards here..............grouped into the MJ shorting pit.
With this move, we will have to deal with daytraders for awhile here. Hopefully float gets absorbed by institutions and long term holders.
Kudos to those who held or added during the bloodshed.
If it passes the Senate, that will be a big catalyst. However, it will be much harder to get it passed through Senate, where Republicans have bigger stronghold.
Those that survive, I agree. There will be far less companies that make it. Have to hope there is US movement towards legalizing and Canada increases rollout.
No one talks about the CBD anymore, its like it vanished.
Awful numbers are already way baked into this stock price.
Anyone having fun yet here?
Wow. At what point is the industry oversold? And since OGI seems to have more stable financials than the rest, at what point do investors separate them from the pack??? Unreal.
These are the times that try men's souls....................
The numbers are horrific because of the absurd projections previously made. The rollout is slow, and demand is not as big as projected. It is a viable industry IMO.
Falling knife or buy the blood?!?!?!?!?!
From this, they are NOT drawing at this time...........
On November 4, 2019, the Company filed a preliminary base-shelf prospectus for an amount up to $175.0 million through the issuance of common shares, preferred shares, debt securities, subscription receipts, warrants or units. In order to take advantage of raising funds by way of the base-shelf prospectus, the Company would be required to file a final base-shelf prospectus and one or more prospectus supplements. The purpose of filing the base-shelf prospectus is to shorten the timeline to raise funds for growth opportunities and working capital.
Agreed, certainly not the ideal time to dilute. Let's hope they are responsible and wait until market cap appreciates before hitting the shelf.
Setting up the shelf does not mean they are offering at this point. We dont know that..............
Is this buying the blood or taking the falling knife here?!?!?!
Great timing on shelf......not. Finance while stock is near lows is a disaster in # of shares to be issued as well.
Ugh.
Tomorrow is Thursday, I think you've been using too much product.
Let's hope for GE's sake the Boeing issues are behind them by next Q and trade agreement in place so no more tariffs. That would really get this going.
Low volume retraction here. Looks like daytraders getting out, should consolidate around $!0ish before next wave up.
Agreed. My guess is they will wait until volume dies down a bit and start shorting again to defend position.
Will be interesting to how the bears will find negativity on this one. Do the shorts cover or double down here?
My guess is this could move the stock $1 one way or the other since the bulls and bears are both ready to strike.
Now this is a guy who gets it. Good post sir.
CFO resigned. 2nd one in a short time.
Nice day of consolidation in a red market..............
Ahhhhhhhhhhhh, the shorters are out in force today. Going to love the rubber band effect shortly.
Closed at LOD today, but good closed morning gap. Hoping for a strong day tomorrow and that the shorts dont regain upper hand here.