Aurora Cannabis Inc T.ACB

So this syndicat bought 51 million units

[soundandfury]

@2.45 us and now the stock is trading at 1.98 cad............so the syndicate has lost already 51 million dollars?

[Hcgfllkp]

70.4 million @ US 2.45, now trading US 1.58 = US $61,248,000 loss. But hey, they got that warrant    :) 

[ANALOG GUY]

They haven't lost a penny because they haven't sold bot in at $1.96 for a flip ------ hopefully 

[charliebitmyfin]

the bagholder strategy - 'the whole sector's down anyway and you don't lose if you don't sell and damn those shorters - so funny

[ANALOG GUY]

They can't sell.....4 month hold

[Maxmoe]

Not true. Was not sold by private placement. Was sold by shelf prospectus. Stock is tradeable and warrants will list soon.

[Maxmoe]

Of course not. Banks rarely ever lose. They passed those losses on to their clients. If not 100%, then close to it. Biggest losers are ETF and other weed funds that "have to" buy. So actually, the poor retail schmucks that own those funds.

[Maxmoe]

It's actually even better than that. If you're canacorn or bmo. They didn't just flip the $50 million to clients, they took the entire over allotment. So $70 million was flipped. If they hadn't sold the entire issue they would not have taken the entire $70 million. Just $50 million. But wait, there's more. Tell them what they won Johnny! The bankers scored 4.25% commission on

[Maxmoe]

Oops. Even better,better. That 70 million units, not $70 million. So total deal was 70x2.45= $170 million US dollars. That's $7.3 mill in cool USD commish. That's how you buy the $8 million dollar house in oakville.