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Just read that will be impossible for AEZS to stay listed. Over valued @ .50. Get ready for Sub Penny land
Got a buy in @ 14.00 and 13.00. This sector getting smashed
It may, but stock won't ever be valued over a buck. Too many shares floating out there. Show me one analysis that says this is a buy? Most say sell with a small few saying hold. I don't buy that every analysis is all trying to get in at a better price. How cheap do they want it. SUB PENNY MAYBE
AEZS files chapter 15
Buying the dip, this is headed to dollar land any day now.
Looks like the great run is over. MF saying only way out is a reverse split. 1.66 billion shares now and with Sndl adding more no way they can ever make money
Sundial Growers
Considering how poorly run Canadian marijuana stock Sundial Growers (NASDAQ:SNDL) has been, it's mindboggling that it's the third most-held stock on Robinhood.
On one hand, the outlook for the North American cannabis market is exciting. New Frontier Data expects the U.S. weed market to grow by 21% annually through 2025, ultimately hitting $41.5 billion in sales by mid-decade. Then there's pot-focused analytics company BDSA, which expects Canadian weed sales to more than double to over $6 billion by 2026. There's certainly opportunity for some North American pot stocks to thrive. However, Sundial doesn't look to be one of them.
Sundial's management team eliminated the debt on the company's balance sheet and built up a mountain of cash ($719 million Canadian). However, it's done so by diluting the daylights out of those shareholders who stuck by the company. Between Sept. 30 and Feb. 28, Sundial issued more than 1.15 billion shares of stock. To boot, the company recently authorized an at-the-market offering that could result in the issuance of up to $800 million in additional shares. Based on its April 6 closing price of $1.02, we're could be talking about another 784 million shares.
With an absurd 1.66 billion shares outstanding and approximately $0.34 per share in cash, Sundial is going to have a difficult time keep its head above the $1 minimum listing requirement for the Nasdaq exchange. It'll also be practically impossible for the company to ever generate meaningful earnings per share with 1.66 billion shares outstanding now, and possibly even more in the near future.
Wall Street looks negatively on reverse splits as a sign of company weakness, Sundial may have little choice but to enact one to avoid eventual delisting.
As InvestorPlace’s Mark Hake wrote, Sundial’s getting ready to overdose on share dilution. Sundial is planning to raise another $800 million via a share offering, so expect further downside pressure on the stock in the meantime.
I don’t see shares falling back to their lows, but a move back to where shares traded before the February madness (around 60 cents per share) seems reasonable.
DOOMED....
Back in the toilet
Sorry. I meant 15.00. 14.00 is too low
Can we get under 15.00, put a limit for 200 shares @ 15.00, let's get there
Can we get under 14.00
Not lies, opinions....
Happy Friday Garbage day...
Another Garbage day to look forward too.
Management smoking all the product and not getting it done.
With that news should hit .50, we need to get gobbled up by a big pharma.
With that news should hit .50, we need to get gobbled up by a big pharma.
I hope so, I don't own any right now...
Won't move until they have a product. Which is next year. Great buy, just a long hold. As long as we don't lose money I don't mind waiting
LOAD UP, no particular reason, just like saying LOAD UP
The fluctuations are just day traders making a quick buck. Dropped a dime, people buying dip and selling for quick profit. But unfortunately they don't hold so slowly bleeding to death
LOAD UP
Maybe dumb, but this stock has been red everyday for 3 months, was almost in the 8's today, starting to drop .10 per day, won't take long before it's back at its 52 week low. Which may help them to sell 1.5 billion shares. Why issue so many shares?
They had 600 million in cash, sure that's been spent, that's why they added 1.5 billion shares, their out-of money.... .50 by June
Motley Fool says STAY AWAY at all cost. Can't be helping either
No way is this staying above 1.00 for 30 days. Sub penny by next quarter is what I've been reading. And no it wasn't MF.
Look at that ask, should hit .10 today
LOAD UP NOW...
LOAD UP LOAD UP. won't be this cheap again...
If this get delisted then this stock is done...
Motley Fool not helping, said don't touch this with a 50ft pole
I'd be expecting something from Clay Trader today...
Garbage
Garbage
LOAD UP, look at the price your getting in at, this is well worth over 10.00 per share, at least that's what I've been hearing for a while now...
I think mid summer next year when car is coming off production line stock will soar. But until then I think it will float between 16.00 to 20.00 PPS
Another 1.6 million shares, more dilution. Hoping this POS can move out of its own shadow...I'm not buying any more, tempted to just take my 1200.00 loss and call it a day...
I guess it's time to load up, buy the dip again. How many dips can we have in the next year?
NO more MF post for me, I'm out. GLTA
It's a robinhood favorite "yes", but Motley still bashed the hell of of it. Said it's the worst pot stock out there. 1.5 billion. Thats with a B shares of stock out there! How in the hell are we supposed to get ahead with that many shares out there. Help me to understand.