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But common stock holders only get there piece of the company after the bond/debt holders get 100 cents on the dollar.
So if all senior assets. (Bonds, Sr bonds , prefered shares ect.) Do not get 100 cents on the dollar , the common gets wiped out
If the value of the debt is greater than the market cap of the company common equity holders who are last in line will get wiped out by default.
Maybe prefered shares would be able to get a few cents on the dollar
All the common equity in the company is worth depending on the day 350m -1b
The value of the net debt is 17b. Common equity is likely going to come out of this.
Who knows tho.
The problem is everyone should have known the truth.
These days everyone wants to believe there own narrative that suits them. Confirmation bias seems to be getting worse with traders who haven't seen more than one meltdown or recession.
They will learn , hopefully get smarter and continue to trade and succeed
Based on some of the stuff I've read on here many don't do proper homework and just blindly buy anything they think is hot.
Not many people seem to understand history or how to use past events to interpret specific situations like these.
This was a very optimal short in March and after the BK pump
It has to do with a large amount of shares lent out for shorting.
Then a bankruptcy triggers massive selling across large funds and investors who have lent out those shares.
That then forces a call on the borrowed shares by default causing a massive short covering buying spree with less shares left to buy.
Then you add in a whole bunch of pump groups , momentum traders and finally people who really just follow a crowd while trading blindly.
It's par for the course. It happens almost all the time for usually this reason
They will come out of bankruptcy. Likely tho the commons will be wiped out. Remember GM was bailed out but the common stock was completely wipe out and went to 0.
The GM trading now is technically the new GM which is a totally different common stock than the one prior the bankruptcy.
The GM you see today went public in 2010 after the original stock went to 0. https://www.reuters.com/article/us-gm-ipo-idUSTRE6AB43H20101117
The bull case for gold isn't based on the country being closed. The bull case is the country opening up and money velocity increasing. The increased money velocity + the heavy heavy stimulus + likely more future stimulus moving into the system is the bull case for gold
Open it up , hopefully it pulls back short term. But let's be clear opening up the economy and letting the new trillions to move in the system is the best thing that has happened to gold since the late 70s
Carnival would be the last to go under. They are the best positioned financially of all of them.
Elon Musk tweeted. "Tesla stock is too high". Literally crashed his own stock lol
RQHTF$. Another tela health play
Similar things happend a few years back with a few inverse VIX ETFs.
https://www.cnbc.com/2018/02/06/the-obscure-volatility-security-thats-become-the-focus-of-this-sell-off-is-halted-after-an-80-percent-plunge.html
They will get a cash payment based on the value of the ETN net asset value , usually based on the last day of trading or whatever date is listed in the prospectus.
Looks like it may be hitting it's liquidation levels. So this ETN may be toast.
It is still canada's wild west of companies,. For FNHI the TSX venture would give it way more credibility over the CSE.
With all due respect , the CSE is just the Canadian version of the OTC BB. Why does everyone make it out to be an uplisting. Very weak reporting standards on CSE.
The volume is correct. Ihub shows the volume of shares on the US dollar OTC trading of Trulieve , and also the Canadian volume of TRUl on the CNE. Two different volume numbers. Happens all the time with dual listed stocks. Both numbers are correct since they each represent different exchanges.
2 potential buyers approached by banks in Canada .... Market expects a buyout offer any day according to Bloomberg
A few major pharma companies have large stakes in this company.
If this is going to be good news , my guess is that it has something to do with the large block of insiders selling as per the offering prospectus.
The good news would be if a large player or partner is scooping up the large block of the insider offering.
It would be a great day if a big company or fund took offset the dilution coming
Due for a very healthy pullback before next leg
As per the form 13gs issued in Feb , they have an o/s in the 6m range. So 3-5m float is not unrealistic.
It's officially listed on the Canadian national stock exchange.
Bizarre. Notes are priced much higher than current price
Definitely alot of potential. I don't think an NYSE listing is possible as long as there main business is federally illegal.
Green growth and tilray sign a CBD supply deal. https://www.bnnbloomberg.ca/green-growth-strikes-cbd-deal-with-tilray-u-s-brand-firm-1.1210610
We need to know the dates GGP contacted aprhria 's board. Was it before or after the insiders bought shares?
Financed with shares of ggb with assumed value of 7 dollars a share. https://globenewswire.com/news-release/2018/12/27/1678670/0/en/Green-Growth-Brands-Announces-Intention-to-Launch-Takeover-Bid-for-Aphria-Inc.html
The only info that has been leaked is by the globe and mail stating that they are cutting ties with current law firm ( red flag) https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.theglobeandmail.com/cannabis/article-aphria-set-to-end-long-time-ties-with-law-firm-over-asset-purchase/&ved=2ahUKEwjeuJDdmZ3fAhUFPq0KHY-dBWcQqOcBMAB6BAgIEAQ&usg=AOvVaw0udyJMj2xvjAKNyulXYsZR
Just a thought. The response in a sense should already be done. If proper and thorough due diligence was done prior to this transaction , then that information alone should be enough to quash and claims made.
I'm not saying there is fraud. But I can say quite confidently that the due diligence was not very thorough here.
apha will be trading tommorow on the Canadian markets.
He also implies that the whole sector is wayy overvalued. He said he's not in the business of paying a dollar to get a dime(basically a shot a Aurora buying medreleaf )
Bruce Linton is the best ceo in the sector. He is about running his business not starting rumours about being in talks with certain companies.
Canopy is in great hands
Hopefully it plays out the way everyone wants.
A CEO naming names during negotiations is not something that sits well with me. He comes from Jamison vitamins. Built it up and was a great CEO there.
There is never a reason to name names of companies during talks unless you a literally pumping your stock.
Most times these deals happen when no one expects it.
Seems a little weird everyone seems to "know" that a Altria deal is coming.
If the reason people think they know is due to the ceo making statements then that's a massive problem and reminds me of the pink sheets.
I hope it does happen as it would be good for everyone , including my local area (Essex county ).
If this is down due to tarrifs , then it's a great buying opportunity.
Even with lower margins this stock is stupid cheap
Once the Molson Coors joint venture is created , hexo will financially fund there stake with restricted shares. Likely giving Molson Coors a substantial stake in the company which is good for everyone
Even if all it does it catch up to the rest of the sector valuation wise it will be a 10-11 dollar stock.
Plus the Molson-Coors deal isn't getting the attention it deserves. Once the deal is finalized Molson-Coors will have a large stake in the company based on the deal structure
Buffet added another 75m shares this quarter. Up to 245m now.
Michigan putting legalization to referendum vote. I bet it passes huge news
Apple to drop Intel for there own in house chips.
Big headline , but not overly significant for Intel
Funny that Canada almost imports as much steel from the USA as it exports to them. 6+mmt export to USA vs about 5mmt import from the USA. This deal benefits no one