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OK, I read your comments.Time will tell if you're correct
I think an argument could make for both situation. Note holders could pump and sell immediately after, or wait that the company grows furthers.The latter seems to make more sense to me.
So if your statement is to be true, what is the point of looking forward revenues?
Once again, surprising. The market did not respond to the favorable earnings posted a few hours ago.
I see that maturity still escapes you. Tx for the wishes.
See how you quickly it gives up some of the ground it gained The shorts will not stop on this one.
Some members were starting to say this is becoming a POS stock,many others kept defending it week after week,keeping the faith in this stock by praising the management team, the futures potential revenues and so on.... I wanted to believe that too but maybe it's time to acknowledge some reality. The stock has loss too much value,and continues to lose daily. Even with decent revenues, at that PPS price point , the shorts are going to have a field day.They won't stop.And Creditors are at the doorstep to collect repayments on their loan, And the company needs to borrow even more money than they already have to continue their day to day operations; it's only going to continue on taking a toll on the stock.It's going to be very difficult to overcome this situation. The only slim chance is for this company to post amazing revenues quarters after quarters after quarters.
OK,understood
It's a blood bath. it's the more disconcerting that this company posted great revenues on his last 2 financial reviews. There is a severe disconnect between what's on paper and how the market is treating some of the cannabis companies.Shorts are also to be seriously blamed.What does it take for this sector to change trend?!Even with solid revenues, some of these stocks are falling.It is discouraging as a novice investor.
You are seeing wrong doing where there is none. The explanation for the nose dive is this stock is much simpler. It's a combination of dilution,( and maybe more on the way) shorts and the whole sector being beat up. I don't think there was a scam from the beginning. These last 8 month history does not support that.
The thing is there is a sense of disappointment with this stock. Many bought it in December,January of this year because that's when it was portrayed as the greatest of the great, a stock who's going to rise like a meteor. Jim Cramer praised it,Mr Horvath himself predicted it to rise to $7 in no time. Bold enough to make a bid for Aphria. Many members on different boards were just as optimistic, claiming it would reach $10 or $11 by June. And so to see where the stock is sitting right now is somewhat disappointing. There are a few culprits such the whole sector taking a beating, the shorts really doing a number on this stock and yes the company may have overextended itself and accrued a large amount of debt ( and yes I understand the concept of moving aggressively early enough to grab a nice piece of the pie). But this goes to the post mentioning that this pps would need to multiply 4 or 5 times before some could their money back. At the end of the day we need to hold on to this stock and see it through. The company has one big thing going for itself, its retail presence is becoming enormous.
it's a bird, it's a plane, it's a debt...no it's a bond. Trying to get make things a little lighter amid another beating on the whole sector
Then again, the whole sector is getting beat up. Aphria has very much retreated despite good show of earnings earlier on. And much of all the MJ stock for that matter, can't really singularise GGB.
at this rate, pretty soon you might not have anything to argue about
Not funny at all.The article lays out by the numbers the reality of where this company stands at this point .It doesn't glorify GGB nor does it trash it. Just a dose of reality by the numbers.It even outlines the lifeline that the company has with a 77 million loan available and a significant increase in revenues in the near future. That's positive news, probably why it's not doomsday yet as you sated in your post.
I hear you about the agenda angle. Good luck to you
$80,000 is a lot of money. I'm much less invested in it just below 18k. From one human being to another I hope you don't lose that money , I hope we both make it but I got to tell you when I read : "In whatever future the stock is going lower, GGB is in a downward spiral of debt and equity from which the stock is unlikely to recover. Cut your losses now, move on". Well Superbingo, it ain't good
Read this and tell me this time you, even you the most ardent defender of GGB, is not worried. https://grizzle.com/marijuana/marijuana-market-analysis/amp/
it's article like this that is going to hurt the stock value:
Green Growth reported $15.7 million in revenue for its fiscal year, which ended June 30.
The company’s debt was almost $89 million at year-end.
Independent auditors said in the company’s filing that Green Growth does not “currently have sufficient working capital, and available liquidity to meet its commitments and fully execute its business plan over the next 12 months and is dependent on the Company’s ability to raise additional finances to fund its operations.”
Ok. Now let's hope that the model they chose pays off
It's so simple to explain what happened. The company expanded rapidly with money it didn't have. It used its stock as the currency instead. Said stock got diluted to extreme. Shorts also hammered this stock relentlessly. It's not a Pos,but I understand the anger. Many of us lost a lot of money these last 8 months
Ok. Child.
you're right child
I understand that. And I respect your opinion, unlike other posters who behave like children .Just wanted to simply say how this stock was portrayed to be a fast rising star at the very beginning to eventually becoming along the way a long hold instead.
Time frame was short at the beginning but not now, not any more.Not now.
It was only short because the company was saying back in December that this is going to reach $7.00 in no time . And so many analysts and posters were also jumping on that wagon,that it 's going to climb so so fast, some were boasting that it was going to reach $10.00 by June, on this forum no less.
We know now that it took a complete different turn. And slowly, the stock became referred as a long hold .But that was not the case in the beginning. not at all.I guess that's why we are frustrated , we bought it believing everyone about this is going to the moon in record time.
So now our time frame has of course radically change .
nonsense, no way is it wise to sell now. I have to see this through and hope it turns around.And yes we still think it might do that, we just never expected that much dilution.That's all. It really is it
Don't patronize my friend. One should be able to post comments without suffering sarcasm from other members. If You can't respect that , don't talk. And yes it is a substantial amount for a novice investor, it is indeed worrisome not just for me, but we are a group of 8 who took part in this venture.We keep looking for an improvement but it is not happening.We don't see an up change in volume or pps even days ahead of earnings, which is again strange and somewhat worrisome.
I 'm not alone in venting frustration about this stock, so have some respect.
With all due respect , this stock manipulation is a theory of yours. You may or may not be right, but many analyst firms such a the motley fool and the deep dive and many others advanced the fact there is the debt convertible and the toxic dilution that caused this stock to plummet.
From $6.14 Canadian in January 14 to $ 1.57 just 8 months later is Debacle. Period. Whatever the reasons are
We re not hearing a thing from Horvath and management about this constant debacle. Something, anything that says he's aware of the situation and this is the plan to address it.
Open your eyes and see the numbers. They dont lie
It's going to take 3 or 4 years before I can chase my money back, never mind a profit. And I'm not the only one
Down and down and always down and this despite upcoming announcement of revenues which everyone on this forum and other forums say it's going to be great. But it's down nonetheless. There is no more excuses to make, no more explanation as to why it's down, no more rationalisation about the direction of this stock. It just stinks.
Clearly the market doesn't believe this company is going to post high revenues soon.If it did , why is the stock not jumping upon upcoming revenues?
Am I not thinking this right? If investors believe that this company is going to post amazing revenues in the next few months, why isn't everyone rushing to buy this stock now ,today ... No one 's buying on upcoming expectations, what do you think that means.
I know it's a very simplistic way of looking at things , but ...
Or it could just mean that the revenues are going to be decent, but all these warrants that are going to be executed, all this dilution , all theses debts...that the company is a long way of being profitable even with decent revenues.
At the end of the day, one is to view this stock/company as a long ,long hold.
You could make funny jokes all day long but many of us have lost serious money over the last few months.
I say it again, many of us would never have bought into this stock if the company management would have been up front with their extreme dilution plan. They were not. Who wants to buy a stock at its infancy that is going to be diluted to extreme and is only going to down? We all would have been waiting until the company settles down a bit more with its ventures and see the first batches of revenues and then invest accordingly.
At this point the only thing I have to remain hopeful about is that the upcoming revenues are what many think they'll be.
King of the one lines
How can so many choose to be blind to what's happening in front of their eyes? on a daily basis no less.
I said earlier that the back stop commitment may be seen as good news, but this company is asking for a awful lot of funding.It wasn't too long ago they did a bought deal for $50 million or so for reasons that later were disputed by some firm [I think the deep dive}, like those reasons should have already been taking of. And now more cash raising!And of course it 's another stock massacre today.
I know the next reply to my post: Look at the big picture, look for long term,they need to be aggressive before the market saturated, management is masterful in retail..... but seeing this stock being massacred on a daily basis is much more affecting than just a bunch of words.
Revenues better be coming big time for the next 1000 quarters
Let's hope that is not put to the test
Let's hope that is not put to the test