Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Do some more dd into the actual acquisitions use other sources than the short report. Email the investorrelations at aphria and see if you can get the pdf detailing what was acquired exactly. The short attack
Was full of misleading info
1vman i cannot figure out how to post the pdf from my phone. Im sorry. Will post whn i set up my pc after flight lands.
do some more dd that wasnt the actual main building. The pictures were misleading. It has now been confirmed that there was an address change being processed the main building was around the block.
You can post all you want about defrancesco and his shady financial tactics, but that does not change the fact that many of the allegations in the short attack are plain false. You can fund the rebuttals if you look a bit. These acquisitions were justifiable and deemed so by third parties. Defrancesco even recused himself from negotiations. Aphria will not go down. Defranceso might nut aphria will not. Cheers to those who had the clarity of mind and foresight to hold
Thank you for this !great post great dd
I received a detailed pdf outlining all of the value included in these acquisitions from investor relations last night. Looks comprehensive.
One reason management could be not refuting these claims immediately is that they want the sp to be lower for more favorable acquisition conditions.
So shorts are covering on the TSX?
Please provide a link.
But they did address his points they disclosed all of the licensing, production agreements etc that they acquired from making these acquisitions. It wasnt just about the land.
Defrancesco posted a video of one of the production fields in jamaica.
Ah, right. Well at least there is some post market buying going on
What about cronos who was also accused of securities fraud?
The market is closed tomorrow...
try to stay strong my friend. It really seems to me that these acquisitions were a little more complex in nature than we were lead to believe by the short report. That is what aphria is saying. Stay positive.
currently at work, but it was my understanding that the entity who sold the property to aphria already existed. they just didn't own the properties for very long at all.
They didnt create the entities that sold these buildings to aphria. they already existed and apparently the board members who had stake in said entities recused themselves from the negotiations.
But do you really think a few shady acquisitions which aphria is defending as justifiable can tank the company entirely even in the midst of all the other very promising operations that they have currently in the works as well as their impressive financials?
It is pretty crazy how criminal those that are "high finance" can be. Between Andy at aphria and the SEC not vetting this more thoroughly before up listing. Then again we just have to look back to 2008 to see much more egregious behavior by the SEC and rating institutions. Makes me think only those who don't get caught make it to the top.
Thanks. I am actually holding because i believe the financials and market share that aphria has will overshadow the scandal in the end. Dont think shares will go to 0. im long and have a day job haha
what do you think will bring this to 0 byt he end of the week with the markets closed tomorrow?
I called three of these law firms last night and have gotten no reply.
This is one of the lowest volume MJ stocks, so major movement is going to affect the sp a lot either way. This company is not worth .15 a share. There are too many solid fundamentals and ulterior sources of revenue. Also this report had some blatant lies, like their cannabis being low quality. You just have to look at customer reviews to see that. I think this is a short attack. Maybe Defrancesco pulled some illegal stuff, but that in no way makes this company an actual "black hole".
Did you read the citron report on cronos? They outright accused them of securities fraud. The were legal companies doing the same thing posting adds for class action suits. How is it not the same?
I see that you did, but hey yes you should give a reason if you want other people to listen to you. If not, then why post here?
Are you suggesting that you don’t need to include a reason for your targets? Haven’t you ever played pool. You have to call your shots for them to count mate. Did you even call this before the article came out?
https://citronresearch.com/wp-content/uploads/2018/09/Cronos-The-Dark-Side-of-The-Cannabis-Space.pdf
I know people here know about this already, but here is the short report on cronos that citron made. Here they clearly accuse cronos of securities fraud. So yea pretty damn similar to what was reported about aphria. Very interesting
Well maybe i will hold and see what happens tomorrow. I just cant really believe that aphria is a fraudulent company. Lets see if they give us a more extensive explanation tomorrow.
So you arent going to sell in anticipation of a huge drop tomorrow?
He didnt buy at .60
Somebody linked the charts tht show the insider buyers a few posts ago... i see what you are saying. I guess when the report states that they have a short position and that its an opinion piece they assuage any legal obligations. Is this correct? So if aphria is lying they are breaking the law but if the short report is lying then they aren’t breaking the law?
But were they faced with allegations of securities fraud? What was it that people shorted cronos on? I dont own the stock
I see that... i think its true. The only problem is it looks like opening bell tomorrow could bring a lot of red potentially, and i don’t want to watch any more money go up in smoke. Of this report was not entirely true, then what would the truth be. I know i am being speculative but it now seems that speculations is necessary. Either aphria lying and the company is committing fraud, or this report was sensationalized and hyperbolic.
Because if this report is indeed true then they are essentially saying the company, which has over 1 billion market cap, is nothing but a huge shell. I mean they call it a black hole. They say its a shell corp that grows cannabis on the side. How could that be true if it was listed on the NYSE. It seems like they may have just come up with a creative way to pay some of the execs. Any feedback will be most welcome fellas.
Can we talk this out a little? I am very confused by all of this currently. It seems to me that Aphria has no apparent reason for wagering its multi billion dollar market share potential for a pay off of a few hundred million among a few of the board members, especially if they are actually committing fraud to do so. Why would they risk jail time to milk a quick pay day out of a sector in which they are currently a strong leader who has some of the best financials and analyst ratings? Could they truly see their business model as a hopeless endeavor that is worth less than a few hundred millions in capital gains???
I put my faith in this company man. Been holding for years. This was supposed to be the safest canadian lp ratings agencies price targets in the 20’s... profitable with a good ebdta. turns out they are millionaires stealing from guys like me who have 20k in the bank. Gotta say this type of shit makes me lose faith in capitalism all together. Might just say fuck it and go picket with the triggered globalist sjws.
Cannot believe i am nearly closing my position for a meager profit of 100 bucks after holding this thing at 12 usd. I am beside myself with grief right now. Cant believe this
Yea this makes the most sense. Ive been in ACB since around 2.80 though. So my position has always been there. I just take profits when i need/want to. Ive held through this bear tear because I am less of an active trader. I am a teacher 9-5, and single with no kids. Different needs and lifestyles make for different strategies. Cheers!
This seems to be good reasoning. I agree with most of what you say here, another thing that could end this bear run is a share buy back. Honestly aurora has one of the craziest valuation multiples in the sector because of its insane outstanding share count. So this rational doesn’t really explain the rest of the sector unless it is just sentiment taking hold and driving a bear market beyond the point I perceive to be reasonable. All this being said market are cyclical and i remember my MJ portfolio reaching a near all time low in December of 2016. I almost cut my losses and said forget the roller coaster ride, but I held and saw gains of 100% through the next year. Profits taken here and there... point being this could be a new base being set. We have see some solid buying on the last three red days. Lets see what happens
What do you think it is about the NYSE that is driving this down? More risk aversion? More technical trading? Both? Fire away
So why are we getting slammed so hard? Is there any more detailed explanation besides. “Market is in bear correction territory” or “MM manipulation”? I am looking but cant find anything except maybe if people think the valuation is too high, but i think this pps should br priced at a multiple for growth. The current pps seems unreasonably low.