RE:RE:RE:RE:RE:Im voting for the Booth group Oilcan thanks for your insightful contributions. Nice to see you back here posting and adding value to these boards. Agreed with all your points. I would like to add that the IPO day of Ausa really still needs to be audited and find out which of the concerned shareholders contributed to the sequence of events that day. that day resulted in creation of thousands of innocent bag holders, most of which being retail investors whom were negatively impacted greatly and to me looks like corrupt manipulation....clear as day and sad that the regulators aren't looking much closer at this.
oilcan2012 wrote: You fail to recognize three key factors in your satire;
TIME, LUCK & CREDIBITLITY.
Lets set the stage:
- ~$3.3 billion dollars in impairment write downs and CLIMBING, this evidenced by a recent write down of ~$37 million arising from the loss in the Cann Group. ( https://mjbizdaily.com/aurora-cannabis-exits-australias-cann-group-after-28m-impairment-charge/ ) No mention YET of all of the RE and operational assets.
- Cannabis was the 'oil boom' of the era.(TIME) The perfect wave ((LUCK)) that grew exponentially until it crashed which Aurora has epitomized into what could only be described as one of the bloodiest massacres of shareholder value since the depression.
- Aurora was never truly a business. It was a printing press for shareholder certificates (dilution), the strategy for growth was M/A. The architect, Terry Booth. Well done on MedReleaf, ~60 times P/E, wherever the 'E' came from.
Your right on taking profits. This is different. The times are different. AUSA is a US business that requires US business acumen. Who are the concerned shareholders offering up, albeit it a changing landscape of individuals but make no mistake, the cast of characters are led by Terry Booth, Adam Szweras, and Jason Dyck, the architect(s) of Aurora's systemic meltdown.
(CREDIBILITY) The Concerned Shareholders circular is a worthy read in order to contrast it against AUSA's. Review the press releases from both side and ask, who is best poised to bring value to AUSA shareholders? (I will be posting my views on this in the next several days.)
The one thing I do know is that this Duke Fu should be summarily tossed from any consideration. Litigating to unwind a transaction he signed off on, (refer AUSA circular), and participating in the Concerned Shareholders group? How would he advocate for the interests of shareholders?
Johnny91 wrote: OMG how stupid are you people? Booth grew the company to 16B and if you didnt sell, quit crying like a baby. I bought early in the 0.50's held to past 12 CAD and sold all my shares. ITS CALLED TAKING A PROFIT. Everyone with any brains said these Cannabis companies valuations were out of whack and warned people to sell. Now all of you idiots do is blame Booth.
anyways, the current shareholder group have done ZERO in TWO YEARS and only and i repeat, ONLY when the concerned shareholder group led by Booth, did they respond. Let the Booth group run this share price up and sell. ITS CALLED THE STOCKMARKET YOU MORONS!