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With the Stock Market way down, and liquidity drying-up FAST - if Nelson could not find a Big Investor when the Stock Market was ROARING - he probably isn't going to be able to find one when the Stock Market is TANKING.
I'm not going to even entertain this.
If you really think Cannabis is the cure for Corona - I'll short you some shares of ACB myself.
Also, there is a really good video on the Aurora Coke-Deal you should watch.
Well, here is what we learned today:
Cannabis cures the Corona Virus.
So if you contract the Corona Virus - just fire up the Bong and you'll be cured!!
Meanwhile - back in REALITY LAND - ACB is steadily declining at it's usual 5-7% daily decline today.
I guess the MM's didn't get the Memo on Cannabis curing Corona yet...
I'm so sorry.
I should have wrote some posts to tell you not to Average Down on ACB.
Oh wait a minute...I did write those posts...you must have not read them.
Instead, you probably have been listening to the Long-Longs on this Board - that is why you are out of money.
But hey, Keep listening to the Long-Longs because they are all MD's and they know Cannabis will cure the Corona Virus. LOL!!
You mean you had the same DAY DREAM.
Cannabis does not sure the Flu, a Cold, or Corona.
There is no Coke-Deal, Nelson isn't doing jack, and I hate to tell you - there is no Santa Claus.
But I will tell you what is real: ACB's Dilution, ACB's Cash Cruch, The Analyst's $1 Price Targets, etc.
Oh, and today's $1.33 Selling Price is real also.
After the suckers are done buying at $1.33 today...
The shorts will sell the suckers shares at $1.20 next week...
But keep believing that Cannabis cures Corona...
Seriously, do the Long-Longs have no shame with their end-less rumors and day dreams?
Cannabis cures Corona.
YOU WISH.
Okay. GLTY!!
What do you mean?
ACB is back to $1.50 already.
So buying at $1.37 was a good short term play.
IMO. $1.37 is actually not a bad short term play.
ACB want's to fight it's way back to $1.50.
But getting beyond the "$1.50 Barrier" is going to be the difficult part...
Take profits when profits are there for the taking.
The shorts that shorted at $1.50 yesterday are doing pretty well today.
When the suckers that are willing to pay $1.35 a Share dry-up...
Then the shorts will sell to the suckers willing to pay $1.20...
I bet the Options are really cheap though...
Down 10.60% in the USA.
Then just don't buy it. It is that simple.
If it ain't that hard for Aurora to get a Deep Pockets Partner - then what the heck is taking them so long.
I mean, Nelson has been involved with ACB for almost a year now and there has been no action at all from him.
Nelson has to realize that the $7 Strike Price on his Options are a pipe dream right now. So maybe he hasn't done anything because he knows he'll never get paid.
Cam said they would take-on a Partner from a position of "Strength" and negotiate on ACB's Terms...HA HA HA HA...seems pretty funny now doesn't it?
Cam & Terry mislead everyone about ACB and I feel sorry for those that couldn't see it sooner.
And a Giant Cash Deal will have a dilutive effect on existing shareholders.
I really don't think a Big Company is going to invest in ACB without gaining a Controlling Interest (51%).
Plus, Company Boards look at the $4 Billion that Constellation invested in Canopy and they are seeing that Constellation has had nothing but losses to show for it. So this is making Big Company Boards think twice before making a similar move.
Aurora just needs to SELL a boat load of Weed. It all comes down to Revenue and Cash Generation.
If $1.40 is your planned Entry Point - what is your planned Exit Point?
And what time period are you planning on holding?
The problem with a $1.40 Entry Point is: If it gets to $1.40, then that means it broke through the $1.50 resistance. If it breaks the $1.50 barrier - it could go even lower.
Also, if you do happen to buy at $1.40 - what will your stop loss be set at?
Personally, IMHO, there are a lot better "deals" on Canadian Cannabis Stocks right now. I mean, the whole sector sold off in 2019 and the Tide is Low. When the Tide is Low - then both the "good and bad" boats go lower.
So my point is: $1.40 might seem like a great deal on ACB. But what does your investment money buy with other Cannabis Companies like OCI, VFF, CRON, or APHA?
"Stock Shopping" is like regular shopping. You have to ask yourself what you are getting for your money. A $1,400 car might seem cheap - but if it breaks down all the time - it will cost you more money that it is worth. So shop wisely.
For Example:
OGI is TRULY Profitable (no BS Financial Statement games) and they didn't do any of these crazy dilutive acquisitions that ACB did. OGI just grows great weed (they won 3 awards last year) and they keep it real.
VFF has been in business 30 years and they also grow vegetables. The CEO is the founder and he runs a tight ship. Risk of Dilution is very low because the founder is not going to dilute himself and VFF is already profitable.
APHA and CRON both have large partners and they have CASH on hand for when the eventual BK's and consolidation happens in the Industry. The Cannabis Companies with lots of CASH will have the ability to buy-up the failing operators on the cheap. So that might be something to consider.
Just tossing-out some ideas for you...
ACB is holding that $1.50 Share Price.
Tomorrow will be interesting...
Will ACB bounce back?
Or will it break the $1.50 barrier on the down side?
Or maybe trade flat?
Stay tuned...
I'll say one thing for certain:
This 1,500 Point Drop in the DOW over the past couple of days is not helping the Cannabis Stocks at all.
There is nothing wrong with fighting for survival.
However, it would be shameful if all they are doing is issuing shares to pay their own salaries.
I am stating the obvious, but ACB got way ahead of themselves. I mean, I think I read that they provided their employees with over $100 Million in Stock Based Compensation.
Stock Based Compensation is great - but there is a time and place for everything and I don't agree with providing Stock Based Compensation when the company isn't even profitable yet.
I mean, what did that guy do to deserve those 7,300,000 shares that his "ex-wife" is now holding for safe keeping?
Like I said: I'm not endorsing any candidate.
I'm just saying that Bernie talking about taking Cannabis off of Schedule 1 is a good thing for the Sector.
Actually, I hope it Cannabis comes-up in the Major Debates also.
Logically, something has to be done because there is just way too much discord between the Federal & State Laws.
I mean, growing Cannabis can make you rich in one state - but in another state you get 10 years in jail. So something has to be done about this discord.
2020 is an Election Year and Politics are going to effect the Stock Market in general - ESPECIALLY the Cannabis Sector.
I am not endorsing any Candidates.
However, Bernie is doing well in the Primaries and he is DEFINITELY PRO-CANNABIS.
Even if Bernie doesn't win - he is still up there on stage with a National Audience saying that he is PRO-CANNABIS.
The Cannabis Sector needs all of the Positive Publicity it can get - so Bernie is a good thing.
IF Bernie is elected POTUS (it is possible) - then I can see where the overall Stock Market might tank - BUT Cannabis Stocks could SOAR like it was 2017/2018 again.
Investors looking for profits might actually flood into the Cannabis Sector if Bernie is Elected.
So Bernie might be a Catalyst.
ACB is DOWN 3.55% in America.
I understand the turn-around plan.
However, I hope they really don't issue all of those $200 Million AT-THE-MARKET SHARES (ATM) without having a clear plan to profitability.
If they issues the shares knowing their is no "view" to profitability - then that is just SHAMEFUL.
Lets face it: We're all here with ONE PURPOSE - that purpose is to MAKE $$$$.
As such, I like the positive posts. We need all kinds of views on here because none of us can see it all.
However, just be prepared to have your positive views challenged (in a nice way) because ACB isn't exactly turning-out to what everyone thought it would be (ie: 25 Countries, Positive Cash Flow/EBITDA, etc).
Exactly. To each his own.
My cousin would go to the Casino every weekend. We always heard about his wins - but he never mentioned his losses.
Well, we all know how that story ends.
Anything that is providing 100% ROI in a short period of time is a gamble.
But I was also speculating on ACB Shares in 2017/2018 and that was a gamble also - so I'm not knocking options.
I'm just saying they are a gamble (not a true investment).
Okay. We can both agree that these 7,300,000 Shares are now "Off The Radar". I mean, no one will know when they are sold now because they are no longer "Insider Shares".
A few years ago, one of my golfing buddies announced he was getting a divorce. We were all shocked because this guy had it all, great wife, great business, lots of $$$. When they got divorced - she took EVERYTHING. And for some reason - he was happy.
Then about 6 months later, he was sued. Poor guy. Went through a divorce and then he got sued all in the same year. Anyway, he lost the lawsuit and was forced into BK.
But the good news is: After the BK, his wife and him found love again!! They are now living in a really nice house in Florida.
Funny how that all works out in the end.
Most Shareholder Lawsuits have "Clawbacks". I mean, the Shareholders want to know why Terry is receiving 15 Million Shares for tanking the Company. Same is probably true with this guy with 7,300,000 Shares. If the courts rule in favor of the Shareholders - they may have to give them back.
I'm not saying that someone would get a divorce to shield only $12 Million Dollars. $12 Million Dollars is such a small sum - it hardly seems worth the paperwork. LOL!!
Okay. Let's analyze this "Transfer".
When his Ex-Wife sells the 7,300,000 Shares - does it show up as another INSIDER Sale?
If not, then this is one smart play.
Tranfer the shares to the Ex-Wife, have her sell them, and then it doesn't show-up as an Insider Sale.
Hey, I love working for ACB!! I am not selling my 7.3 Million Shares!! Instead, I am transferring them to my wife so she can sell them "OFF THE RADAR".
I like that play.
Just like Cam sold when his House burnt down. Gotta love it.
So you are saying that a $5 price target on ACB is probable.
That $5 price target means that ACB is currently worth approximately $3.8 Billion more that is is worth today.
$5.00 - $1.55 = $3.45 X 1.1 Billion Shares = $3.8 Billion.
Not bad for a highly leveraged company with $60 Million in Revenues last quarter.
If you are expecting great news from CRON - then it might be a good idea to invest in CRON Stock.
But investing in ACB because CRON is doing well - doesn't make sense.
OCI's and Canopy's ER lifted the Cannabis Sector because they reported strong financials.
ACB's ER tanked the Sector.
ACB had a nice run for 3 days last week because of Canopy's Earnings Report - but now that run is over and ACB is trading on it's own worth.
There is a reason why that INSIDER sold 7,300,000 Shares of ACB and I don't believe it was due to divorce.
If ACB was flying high - his EX-Wife would want the SHARES and not cash. But she wants CASH. Smart cookie.
Yep. I know that people will do whatever they want no matter what I say.
I have been saying the same things since last March. And the Long-Longs kept on Averaging Down. Too bad.
So I am not writing on here for the Long-Longs that like to lose their money.
And I am not writing on here for the Options GAMBLERS. Playing the options is not investing - it is GAMBLING. Might as well bet on the score of the Super Bowl next year.
However, I am writing for the new investors so that they do not listen to the Long-Longs BS "ACB is going to the Moon" - so they can know what they are getting into here.
No kidding.
He thinks he is stating a FACT that Options are Cheap right now.
Cheap compared to what exactly?
If you want to hear a FACT. Here it is: Those OPTIONS are ONLY CHEAP if they pay-off someday.
I repeat: Those OPTIONS are ONLY CHEAP if they pay-off someday.
If they do not pay off - then those OPTIONS are REALLY EXPENSIVE.
Like they cost you your ENTIRE INVESTMENT EXPENSIVE.
And I am starting a FACT Back at You.
People read your BS posts about Options or the Stock being CHEAP - then they buy it - and then you go away after you realize you were WRONG.
But the people that listen to you are stuck with losses.
I've seen this happen since last March.
Remember all those times "The Bottom was in"???
So my post was not really for you. It was for all those people that believe that options are cheap right now based on your post.
When you lose all your money playing the options - they are not CHEAP at all.
Options are only a "steal" if they are worth something before they expire.
When something appears to be a "steal" in the Stock Market - it usually ends-up costing a lot.
For example: If the options you are purchasing expire before they are worth something - then how much did they REALLY COST YOU?
There is a REASON why those options are cheap right now. They Pro's won't be finished with "the believers" in ACB until they have taken your last dime.
I don't know if you've ever heard this - but the stock market is rigged.
How much were Terry's 15M Shares worth when he pulled his Golden Parachute? $30 Million?
How much did that INSIDER just sell those 7,300,000 Share for?
The INSIDERS are making money off of ACB - at the expense of the Shareholders.
What do you mean it could get ugly?
IT HAS BEEN UGLY.
It has been UGLY since Nelson signed on last March. Just look at the graph. That graph is a LAND-SLIDE DOWN.
Smart investors get out before the Land-Slide even starts.
The dumb investors keep trying to average down instead of accepting their losses and moving on.
When INSIDERS are dumping 7,300,000 shares - that might be a sign...just saying...
And Cam sold because his House was on Fire.
Do you really believe any of that BS?
If ACB Shares were really going to appreciate - do you think his ex-wife would like shares instead of CASH?
Heck no, that INSIDER is just using his divorce as an EXCUSE to cash out while the Long-Longs are still willing to buy shares.
Yep. Ever since they announced Nelson was a consultant to ACB last March, Nelson has done amazing things with his super power to improve the lives of ACB Shareholders.
I mean just look at the graph since Nelson signed on.
Truly amazing.
That's the SPIN.
When INSIDERS sell, it is always because their Houses are burning down, or they are getting a divorce, or they need the money to pay taxes.
How about: The Company is TANKING and he is selling while the shares are still WORTH SOMETHING.
Or maybe he just knows at $200 Million AT-THE-MARKET (ATM) Sales are coming and he want's to get-out while ACB is still above $1.
Why...oh why...would an INSIDES SELL 7,300,000 Shares at this low price?
Doesn't this INSIDER know that the TURN-AROUND is right around the corner?
Or maybe, he is just dumping his 7,300,000 Shares while they are still WORTH SOMETHING.
So you are saying that ACB is going back to $2?
It was just at $2 less than 20 days ago.
Instead of New Highs - ACB Sharesholders are constantly caught in "I wish I would have sold. I wish the share price was where it was at 3 weeks ago (or better yet - 3 months ago).
Whether the relationship was formed to put the screws to the shareholders or not - it doesn't matter.
The screws have been put to the Shareholders. It already happened. ACB is trading at $1.60.