RE:RE:RE:RE:RE:RE:RE:Tick Tock, 37 days left on 90 day clock40Baggs wrote: If APHA could sell 25-30M shares at $10-13 to a big name and they bring in a CEO, we would test ATH's by October. Irwin seems more aware of the market forces then past mgmt ever was.
bionicjoe wrote: I've given up for the most part reading and posting positve links. The market simply doesn't care. I've come to accept that what will draw the attention of the market is a JV with a major multinational which can happen at any time or failing that, the traditional route of growing your revenue through increased sales to the point where the company is profitable. If you want a quick boost to the sp that will stand up to the emotions that prevail in this sector, the JV choice is the better option since it will stabilize the sp at a much higher level. What has Cronus done to impress yet its sp is $21.
The thing is we don't know what Aphria's strategy is going forward. Simon has yet to show us his cards. Will he go the Aurora route and look for JV deals with multiple partners or is he interested in courting 1 large investor to take a substantial piece of the company? Or is he open to all options? In my mind if he chooses to go with multiple partners they have to be well known heavyweights in their particular sectors or else the good effects from the news will quickly evaporate. It can't be deals signed with fringe players that just want to put their toe in the water but they must commit to spend large sums of money if we are to see any benefit to the sp. IMO, Simon has done an admiral job of regaining respect for Aphria at the corporate level but his work is far from over. He and the BOD still have to show that they are capable of guiding Aphria to higher valuations. A sp in the mid 9's doesn't excite me given what it used to be not too long ago. Shareholders will be looking to him this summer to bring a more positive outlook to our financial positions. It's all about the money as they say. Hope he doesn't disappoint.