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MMPRuser

02/21/18 10:29 AM

#70284 RE: 33Sailor #70280

i got a question for anybody - i think that if someone is to outperform CGC than by necessity someone else must under perform, if I can sell at a higher price and then buy it back at a lower price, does that mean somewhere, someone has done the opposite, either individually or by combination.

is that true, how would we write a proof to that hypothesis?

I would start by eliminating anyone with a true buy and hold strategy - they must have the same performance as CGC - the return on capital employed for any buy and holder must be equal to the overall performance of Canopy Growth. The capital they employ must equal the performance of CGC for the time they employ that capital.

That leaves traders - it is obvious to me that there are a lot of traders, if everyone was a buy and holder than the total historic volume of trading activity would match the total outstanding shares of CGC. CGC would issue shares, someone would buy and hold them - that is obviously not the case.

I need weed, should make myself a Canadian coffee