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S&P 500
5,222.93
(
0.00%
)
US TECH 100
17,711.60
(
0.17%
)
Dow Jones
39,470.33
(
-0.11%
)
Brent Oil
83.29
(
1.09%
)
Bitcoin
63,061.63
(
2.63%
)
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IanWhitfield

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IanWhitfield

Re: IanWhitfield post# 1705

Thursday, 09/14/2017 2:57:15 PM

Thursday, September 14, 2017 2:57:15 PM

Post# of 70331
I suspect the price drop has something to do with the 17% of the 4,895,026 shares awarded to Class A share holders in the Pedanios acquisition that become free trading on Monday, the 18th at $2.14 a share.

http://www.newswire.ca/news-releases/aurora-acquires-german-medical-cannabis-market-leader-pedanios-gmbh-624649463.html

It comes to roughly 832,155 shares that have been restricted since the acquisition on May 18th. The upside is that the Class A commons shares are held by the two founders/Managing Directors of Pedanios. Unless they want a new boat or a Ferrari or something, my guess is that they will not dump a bunch of shares when they become unrestricted with all the positive growth opportunities for those shares to become worth a lot more in the short term.
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