RE:WHAT IS WROUNG
Allforoilandgas wrote:
This is about to make a profit and is going down and the big companys are loosing money every where they turn and shares are going up like they are running out.Come on this is a good company and every one will make money just stick with it. GL
The company has granted themselves a ton of market value options and warrants. The range bound of 55-70 mixed with converitble paper slams down the price everytime.Cannaccord has this one by the balls and knows they can keep it down to force conversion of the debentures at a lower cost. Atleast this is how I see is playing out.
Why? We just went through one of the biggest cannabis booms ever with small caps rapidly appreciating and this remained within it's typical 55-70 range. There's a good chance they can break the cycle with US Banking Opening up. I do think they got themselves into a bit of a debt trap here and it's really dampering any movement. Maybe I'm wrong and Tilray goes to $300+ the tide lifts all boats.
Main question - if you're running an investment firm why wouldn't Cannaccord want to retain more shares of this company? They're out performing many. I do think once Canaccord gets there 20-25 million shares on a lowered conversion they will be incentivized to run the price.
The other options is D9 is acquired at a premium by a firm who then pays off debentures. It could happen, but debentures typically dampen sale cost.
Just my take as a shareholder who has a good view on the situation. Now on the sidelines.