Replies to post #62457 on Aurora Cannabis Inc (ACB)

[tooltimetim]

Imo you are mistaken. The game plan for booth is as clear as mud. He is a reputable scammer, and if you follow the logic, his plan was always to bleed as many millions out, not create anything.

If you truly have been here 5 years then you were well aware of the concern of Booth and cronies from the beginning. It is the only reason they have always been behind aph in pps.
No one with deep pockets has trusted this ticker since inception

[Chicago-Paul]

Vinny - What "Panic" are you talking about?

ACB's shares have been sliding steadily down for the past year.

If this is a panic - then it has been a very, very, very sloooooowwww panic.

In fact, the sell-off you are seeing now is just the CONTINUATION of what has been going on for almost a year.

Please read my posts concerning Short Selling from this weekend.

Once the Short Sellers are done selling to the suckers at $5...

Then they Short Sell to the suckers at $4...

Then $3...

Then $2...

Then $1.70...

Then $1.50...

So this "Panic Sell-Off" is nothing new...

[Chicago-Paul]

Not sure what happened...sent the same post 4 times? Weird...Sorry for this mishap...

[player1234]

"I don't know what is the BIG deal about write off... In fact that is the great thing for ACB right now"

That's great! You should call the company and the holder of the loan and tell them. They seem to think it is a HUGE problem.
1) The write-offs affect ratios on the financial statements.
2) ACB had loan covenants to stay above minimums on those ratios.
3) Because they wouldn't be above the minimums, they had to renegotiate the loan.
4) One of the provisions of the new loan is the lender WILL NOT LOAN ACB ANY MORE MONEY.
5) The only option ACB has left to raise money is to dilute shareholders.
6) I can't wait to see the new interest rate on the loan.

"It's will have about C$55 mil to C$65 mil for this Q. It's came with no surprised with the ER report."

Really?? Show me where anyone said the quarter would have a 25% drop in revenue from the previous quarter before the unscheduled concall.

You're right. Things are great.