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I totally agree!!
You mean Robin Leach Wealth for the SHORT SELLERS though.
$1.70 to ZERO - Still a lot of room left for the Short Sellers to make MORE money...
I also experienced the wrath of the ferocious long-longs first hand.
They didn't listen to me when ACB was trading at $10...
They didn't listen to me when ACB was trading at $9...
They didn't listen to me when ACB was trading at $8...
They didn't listen to me when ACB was trading at $7...
They didn't listen to me when ACB was trading at $6...
They didn't listen to me when ACB was trading at $5...
They didn't listen to me when ACB was trading at $4...
They didn't listen to me when ACB was trading at $3...
They didn't listen to me when ACB was trading at $2...
AND THEY AREN'T GOING TO LISTEN TO ME AT $1.70...
I really think they are paid pumpers. They are "Salesmen" for the Short Sellers. It is the only explanation.
I make Cookies all the time at home.
Just get some cheap weed and butter and put it in a crock pot for about 8 hours. Then strain the weed out with some cheese cloth.
Then you will have Canna Butter. There are 100's of YouTube Videos on this.
Then get some $1.99 Betty Crocker Cookie Mix at the Super Market.
Mix Canna Butter into Cookie Mix and bake.
It is soooo easy to make edibles - you might even say that Cannabis 2.0 is a bunch of BS.
ACB should have never left the OTC in the first place.
The good news is: Cam & Terry made lots of MONEY $$$$$
The bad news is: The Shareholders are screwed (whether they want to believe it or not).
Gee Chicago-Paul, you wrote that RUN, RUN, RUN, E-Mail yesterday morning before the Trading Halt.
That is the best advice I have ever gotten. Thanks!!
LOL!!
You'll have plenty of time to buy at $1.65 (if you really want to).
Declining Revenues.
Running out of cash.
$200 Million more shares ATM.
This is music to the ears of Wall Street Short Sellers...
LMAO!!
Is that a rhetorical question?
ACB is not in the business of buying their own stock.
Instead, they are in the business of SELLING their own stock.
And Cam & Terry sold all the long-long bag-holders a bill of goods.
This is a ponzi scheme.
The smart guys got out at $10.
Management is pulling the rip-cord on their GOLDEN PARACHUTES.
The New CEO is issuing $200 Million of shares ATM to pay his own SALARY.
Why, oh why, would the Alberta Government give $350 Million of TAXPAYER money to a failing Cannabis Company?
Seriously...
There are LAWS against Governments investing TAXPAYER MONEY into private companies.
ACB is trading today because some long-longs think $1.70 is a good deal.
However, what they are really doing is just buying someone else's short sale.
Yeah, ACB has a Billion Dollar Market Cap and about $240 Million in Annualized Revenues.
That is $60M a quarter times for quarters (for the long-longs that can't do simple math).
Do you see anything wrong with investing in a Company with a Billion Dollar Market Cap and DECLINING REVENUES of $240 Million annualized? Hmmm??
Oh yeah, I forgot to mention, they are running out of cash also. They should be out of cash around April or so.
Yep!! Cam & Terry are sitting on an Island right now sipping Margaritas and laughing their asses off!!
I think Terry has 15 Million shares and his salary and bonuses are guaranteed for the next 2 years - not bad!!
Meanwhile - I really hope people didn't listen to the long-long's BS and invest their retirement money is this.
ACB is designed to make the Management Rich and screw the shareholders.
Don't believe me?
They will be issuing $200 Million of new shares ATM soon. That money is going to pay the new CEO's Salary.
Then after they milk that - they will declare BK and Nelson and his buddies on the board will take over. They might even take this private for pennies on the shareholder's dollar.
OMG!!
They are writing-off Goodwill?
What a surprise!!
(See my posts from 6 months ago).
Yep!! Just look at the 1 year chart.
Do you see all of those "bounces" you are predicting???
If those "bounces" haven't happened in the past 11 months - I highly doubt they are gonna happen now.
Actually, it will be a NEW COMPANY.
ACB will be a NEW COMPANY just as soon as they declare BANKRUPTCY and restructure the Capital Structure.
The "New CEO" will make MILLIONS $$$$ in salary and bonuses trying to turn this thing around - and the numbers just aren't there.
Without a good CEO - Well funded Companies like Canopy are going to take ACB's Market Share in no time.
The downward spiral has been going on since March 2019 and it is going to continue into Bankruptcy.
This is not FEAR. This is what BANKRUPTCY looks like.
If you buy ACB - all you are doing is buying someone's short sale.
Bankruptcy or a Reverse Split is inevitable.
The Company is not done!!
BUT the Shareholders ARE!!!
Terry gets his Golden Parachute while the Shareholders get royally screwed.
What's next?
The new CEO will "do his best" to avoid Bankruptcy.
He will issue $200 Million more shares ATM (yes, this is DILUTION) in order to raise OPERATING CASH.
Then, when that runs-out, he will blame everything on Cam & Terry (who already made their Millions $$$) and they will file for a Bankruptcy Restructuring.
Then they will write-off the rest of the Goodwill and restructure the Balance Sheet.
The Common Shareholders will be whipped-out.
Then Nelson (and his buddies on the Board) will recapitalize the company with favorable terms for THEMSELVES.
ACB will live on - but the Shareholders are TOAST.
Welcome to Wall Street.
If anyone is thinking of buying this - think again.
OMG!!
I just heard the news that Terry is no longer CEO of ACB.
That is so sad. He invested $1.9 Million to start Aurora and only walked away with about $30 Million.
Does this mean he is no longer going to be on the Midas Letter this week?
I was really looking forward to that...
I'm just saying that is would be really strange to have an Official Trading Halt just for a 10% workforce reduction or a CEO leaving.
CEO's and Upper Management are leaving Cannabis Start-Ups everyday - and Terry is not the Bill Gates or Steve Jobs of Cannabis.
So I really think that Nelson got the deal done.
Or maybe when Nelson and Trump met last week - Nelson talked Trump into importing ACB Cannabis from Canada (wouldn't that be a dream?). LOL!!
But seriously, this must be some big news. I'm thinking the Big Deal is coming.
If it is - I am ready.
If I was short ACB right now...this Trading Halt would be making me very very nervous.
ACB has a whole ARMY of loyal investors.
If the news is TRULY GREAT - then those loyal investors could pile-in and really stick it to the shorts.
The shorts DESERVE a really great Short Squeeze.
Stay tuned...
ACB has had negative news for sooooo long - that any REAL POSITIVE NEWS can make this stock sky rocket.
Trading Halts are usually implemented when the news creates extreme movement in a stock's price.
With all of the Negative News from the past 10 months - if the news is TRULY GREAT - then the shorts will be caught with their pants down.
This could create one EPIC SHORT SQUEEZE.
A Short Squeeze could happen - if so - my powder is dry - and I'm ready to buy, buy, buy...
But if it is bad news - how much LOWER can ACB really go?
So right now - I'm thinking good news is coming.
But we'll see.
No one can make any moves now - we'll just have to wait until the news comes out and trading resumes.
I'm thinking this Trading Halt is good news!
If it is: This could create one heck of a SHORT SQUEEZE.
My "Buy Button" is ready if it is good news.
Nelson has been working on a Big Deal for almost one full year now - maybe he finally got the deal done?
A big CASH INFUSION at this point could be the HUGE Game Changing Catalyst I've been waiting for.
Let's wait and see...
Why would they halt trading for a news release that is coming-out after the market closes?
Something is really weird with this halt.
Tilray announced 10% Job Cuts and their shares were not halted.
MedMen's CEO resigned and their shares were not halted.
So this one is weird.
It could be really good news for once.
Maybe Canopy is buying 51% of ACB for CASH?
This Trading Halt could be for great news!!
This could be the catalysts that all of the Long-Longs have been waiting for!!
Germany is buying all of Aurora's oversupply from the Canadian Market?
Nelson finally closed the Big Deal?
Maybe ACB is issuing more shares? (More shares mean that you own a smaller part of a bigger company).
Terry is pulling his Golden Parachute - and making Millions $$$$ for being such a great value creator?
It could be anything...
The whole Cannabis Sector is already in the tank.
I'm not sure how ACB's news can take it any lower.
But if the whole sector does go lower - I might pick up some shares of OGI, APHA and Cresco.
Maybe they halted trading because they are going to announce the Cannabis Dividend?
The ACB Bag-Holders should really be left holding a Bag of Weed.
If the Oversupply Theory is true - then ACB is going to have tons of excess Cannabis Inventory - so why not distribute the excess inventory to the shareholders?
At least the Shareholders would get something out of this mess.
The halt in ACB Trading can only mean ONE THING: The Coke Deal is back on!!
I agree.
The Cannabis Stocks and Industry are fun to watch - but this is definitely a "buyer beware" market.
Averaging Down only works when a stock actually goes back-up.
But what usually happens is: You just end-up owning more of a losing stock when you average down.
If you are new to ACB, here are today's Articles from my news feed:
https://investorplace.com/2020/02/aurora-stock-losing-cash-liquidity-options/
https://www.fool.com/investing/2020/02/05/aurora-cannabis-to-cut-10-of-its-workforce-accordi.aspx
https://investorplace.com/2020/02/one-bull-case-left-aurora-stock/
At least the one article says "Aurora to CUT 10% of its workforce".
"Cut" sounds so much nicer than "Lay-Off".
I was just in Oregon a few months ago. Oregon has a more "mature" Cannabis Market.
I visited about 20 Dispensaries all over the state. Portland, Crater Lake, and by the Coast.
Almost all Cannabis was selling for about $30-$35 an 1/8th.
Can some Oregon Grower sell Cannabis cheaper than Market Value? Yes, but they would just be discounting their own product.
At $30-35 an 1/8th - Cannabis Customers are making BUYING DECISIONS more on what STRAIN they want and the QUALITY of the weed - than on price.
This is exactly like the wine business. Yeah, you can buy crap wine for $4 a bottle - or you can buy something actually worth drinking.
I really think that when the Cannabis Markets settle down - the buying decisions will be based on how good the weed is (just like buying anything else - people want GOOD STUFF).
The STRAINS a Cannabis Company chooses to grow can have a big impact on their bottom line also. If they are growing the "hot new strain" that everyone wants - that could be a winner.
Personally, I will go out of my way to buy "Tropicana Cookies" - its a mix between Tangie and Girl Scout Cookes - that strain is out of this world good.
There are lots of post about Media Propaganda and BS News Stories.
Just look at ACB's Chart over the last year - there is no Media Propaganda or BS News Stories there.
The Share Price and Financials do not lie.
If you are a new investor in ACB - here is my advice: RUN. RUN. RUN. RUN.
You are much better off investing in OGI or APHA or even Canopy.
Why? Because ACB has a super long history of dilution and bad decision making. Not even the Long-Longs can dispute it.
For example: ACB has diltuted its sharholder about 900% in the past few years. Google it.
And several analysts have a $1 Price Target on ACB.
Do your own DD and Google all of this to confirm what I am saying is true.
OGI and APHA are both turning a profit and Canopy has about $3 Billion in CASH to work with.
CASH is king right now in the Cannabis Business.
Yep. I completely agree.
There is nothing illegal about timing your Press Releases so they have the least negative impact on share price.
In fact, I think it's a great idea when Management does it.
IMO - They were probably going to release the news about the lay-offs on Friday evening after the markets are closed so that investors forget about it before Monday morning - but then Tilray released their news so ACB piggy-backed them.
Maybe the Media Propaganda should have said:
"Aurora TERMINATES 10% of it's workforce"?
Or "Aurora FIRES 10% of it's workforce"?
Or "Aurora is TRIMMING THE FAT on 10% of it's workforce"?
I mean, how else do you say it?
10% of Aurora's Employees are gonna be out of work soon.
And the remaining employees are going to have to work 10% harder and smarter to take-up the slack.
It looks like Aurora is cutting 10% of it's workforce.
This is not a bullish sign for a growing company.
But at least ACB is starting to wake-up to this thing called: "REALITY".
https://seekingalpha.com/news/3538904-aurora-cannabis-to-cut-headcount-10-bloomberg?dr=1&utm_medium=email&utm_source=seeking_alpha#email_link&mail_subject=acb-aurora-cannabis-to-cut-headcount-10-bloomberg&utm_campaign=rta-stock-news&utm_content=link-3
Decent access to the Legal Supply will be coming in 2020.
Nobody wants Big Cannabis to fail (or maybe only the short sellers do).
The Politicians want Cannabis to succeed because it creates more jobs and a larger tax base.
In fact, the Politicians should have "Tax Holidays" on Cannabis Sales in order to lower the Legal Cannabis pricing and push the illegal market out.
Once everything is up and running - then the Government needs to offer REWARDS $$$ for turning in Illegal Growers.
Just offer Cannabis Consumers a $1,000 REWARD for information leading to the arrest and conviction of an Illegal Grower.
I'm not talking about someone growing 3 plants in their closet - I'm talking about the BIG Black Market Growers that are competing with Aurora and Canopy. Those are the guys that Revenue Canada has to put out of business.
Once you start offering REWARDS - then the next step is to show the Illegal Growers being arrested on TV every night.
Someone, or something, needs to instill FEAR into the Black Market.
The Government is in partnership with the Legal Growers and Tax $$$$$ is at stake - so I hope the Government does their jobs (for once).
1,000 Customers through one Dispensary a day is great news!!
Niagra Falls is a great location for a Dispensary.
Lots of Tourists + Very Close to the US Border = More Sales.
There are a lot of Articles concerning the "Black Market" - but you would think that Revenue Canada, Health Canada, and the Canadian Police would start tracking the Black Market Dealers down and arresting them and taking their money $$$ for back taxes due.
Lets face it: Revenue Canada is missing-out on lots of Tax Revenue $$$ because of the Black Market and the best way to lock them up is for Tax Evasion.
Personally, I think they need to go after the BIG PLAYERS in the Black Market. Someone out there has to have a HUGE GROW ROOM that is supplying the Black Market. Those are the ones they need to shut-down ASAP.
This is nothing new. During Alcohol Prohibition, the "Revenuers" were after the Bootleggers for Taxes Due. And they got Al Copone on Tax Evasion.
Yep. You are correct.
My post was about DAILY PEOPLE TRAFFIC in Canadian Dispensaries.
The thought is: If there is lots of DAILY PEOPLE TRAFFIC in the Dispensaries - that is a sign of more SALES (aka: REVENUE) being made.
But you are correct: This is exactly like the Sun emitting an EMP Pulse.
There will reach a time when ACB and the rest of the Canadian Cannabis Companies will run-out of EXCUSES.
I mean, if ACB is still tanking when there are 400 Dispensaries open in Ontario - then what will ACB's excuse be then?
If Ontario really does have 15 open dispensaries - and demand for Cannabis in Ontario is really that great - then their would be lines of people outside of the open Dispensaries everyday.
Heck, I had to wait in line at Starbucks this morning for my Coffee and Starbucks are everywhere.
So if there aren't lines of people outside of the open dispensaries today - that is not a bullish sign.
I can't wait until they open the Dispensary by my house. I'm going to walk by it everyday and see how much people traffic they are getting.
I'm not buying the "Not Enough Outlets" argument.
If there are 15 open Dispensaries in Ontario - are there currently lines of customers outside of them all?
And did some of the 15 Dispensaries run-out of product to sell?
If there are not currently lines of people waiting outside the Dispensaries - I guess the argument is that people are just too lazy to drive to the Dispensary.
Maybe sales will pick-up when people can walk to their local dispensary in Ontario instead of driving?
ACB's Management needs to take lessons from Tesla's Playbook.
Last year, Analysts were saying that Tesla could go BK because of lack of Cash Flow and problems with delivering cars.
Then, Tesla "righted the ship" and generated about a Billion in Cash Flow and their shipments were up 50%.
Does this sound familiar?
All ACB Management needs to do is do what they promised:
1) Generate lots of cash.
2) Ship/sell tons of Cannabis.
That's it. That's all they need to do.
If ACB does these 2 things - then they will sky rocket like Tesla shares have been doing since last October.
Plus, the ACB Short Sellers will be screwed (like Tesla's Short Sellers are currently) and more importantly - people will THINK TWICE before shorting ACB ever again.
https://www.nytimes.com/2020/02/04/business/tesla-stock-price.html