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Re: None

Monday, 09/10/2018 11:43:53 AM

Monday, September 10, 2018 11:43:53 AM

Post# of 373
Aurora has problems 1,000,000,000 shares outtanding

By the end of fiscal 2014, Aurora's share count has ballooned from just over 16 million to around 950 million. With a number of existing convertible notes, stock options, and warrants still outstanding, it's almost assured that Aurora's share count will surpass 1 billion. Aside from weighing down existing shareholders for a long period of time, it also means that Aurora needs to generate CA$100 million just to produce CA$0.10 in earnings per share, which would still represent a nosebleed price-to-earnings ratio of 81.

In other words, Aurora may have clear-cut advantages and things to like, but it's sort of a nightmare from a fundamental and investing perspective.