Aurora Cannabis Inc (ACB): No surprise. The amount of cash they...

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player1234

Re: cardvic post# 69464

Saturday, 05/28/2022 11:34:05 AM

Saturday, May 28, 2022 11:34:05 AM

No surprise.

The amount of cash they appear to need on hand to guarantee their bonuses looks to be about $450M USD. That is the money they claim is "strategic." The strategy is to make sure they get the bonuses.

They are in the 4th fiscal quarter now and probably must have the $450M at the end of the quarter for their bonuses. The amount they diluted the shareholders for was about the amount of cash they burned last quarter and are projecting to need this quarter. That's why the claimed it was for "corporate purposes."

So they get their bonuses. The naive bagholders get the shaft.

The song remains the same.

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry