Post by
ELVIS68 on Jan 29, 2019 6:53pm
GGB is simply illiquid
Frankly I have had a very large position in GGB but recently sold most as the action on the stock is terrible. It trades like an orphan stock most of the time. Very small audience. That is why there are so few people on this board even talking about it. The bid has been ridiculed by so many commentators and the stock has broken down below its support level of $5.50. It is barely clinging to the $5 support level. It has had a spectacular run and I have made money The Aphria bid is simply laughable. I will repurchase GGB when it is more reasonably priced. For now, 'THE AUDIENCE HAS PASSED OUT"
Comment by
ELVIS68 on Jan 30, 2019 12:35am
I will buy back in when the correction in the stock is over. However, the Aphria Bid is still a joke. No chance whatsoever
Comment by
Styles76 on Jan 30, 2019 8:21am
GGB isn't trying to make APHA stockholders happy, their responsibility is to us first. Low bid is less dilution, and more importantly (to me at least), reduces the chance that APHA conversions are going to sell off all their freshly minted GGB shares to take huge profits, and tank my shares in the process. This is how a company that puts their shareholders and customers first works.