Alan has a disdain for the major Canadian LPs, but when it comes to the US industry he has been pushing the same Q4 theme. That the quarter was an industry-wide step back...and not exactly related to specific companies. I am not exactly sure why, but I would go with the fact that he also provides a paid subscriber service, so highlighting every company's QoQ revenue decline is probably some type of damage control to protect the 'favorites' that he pushes to his insiders.
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