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Re: borysek post# 127655

Monday, 06/12/2023 5:24:40 PM

Monday, June 12, 2023 5:24:40 PM

Post# of 128598
the only risk to cgc now is potential bankruptcy... there is about 12 % of the O/S short from a high of about 40 dollars, so those guys made a killing and need to cover and go long again into any Federal Legislation to legalize MJ... there is a huge amount of law companies filing class action claims, and also a price downgrade today to 0.50 cents per share by some brokerage company...it is amazing that they made the call at the bottom of 0.67 cents when they could have done it when CGC was north of 2.50 or so... IMO, all these actions are meant to scare retail long holders to sell at the bottom price...like I said, a contrarian investor sizing up the risk of a long position at this price is looking at potential BK, and if they are willing to hold long term, it could pan out as a profitable investment... MJ is not going away, it has been around for thousands of years, and some company will find a way to make money off MJ.. will it be CGC, or Tilray?, or maybe a corporate marriage of both companies if things becomes necessary to survive.. your money, your call...if one does not like the prospects for CGC to become profitable, there is no need for them to post further negative viewpoints on the message board.. just take your money and look for further venues for profitability... AIMO... Lodas
Bullish
Bullish