RE:SO TELL ME HOW THIS WORKSWant to know who this starsearcher character is. Read the following and see if he checks all the boxes.
https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/
Starsearcher80 wrote: So let's see.
1) We've got the CFO saying that profitability in Canada may not happen. This, in and of itself, is the most damning thing I've heard from Canopy. Now I've been saying this for several months now, but here is the EXACT same thing from the CFO??
2) So last quarter the burn rate was well over $500million. So that puts Canopy bankrupt in a little over 2 more quarters.
Question: HOW DOES CANOPY SURVIVE??
1) Could it be via the States?? Nope. That won't happen now probably for years, and certainly not on Biden's watch. And with midterms coming up and Dems losing control of the House, that seals the deal that it will not happen.
2) Could it be via a share offering? Hmmm, they could delay the inevitable. But at what cost? First of all the dillution would be massive. Secondly, who wants to buy a company that could be facing bankruptcy? So to make the offering even remotely attractive, they'll have to massively drop the price of the offering. Well guess what happens then? The share price drops to that same valuation too. Not to mention the easiest short game in town. Short the Hell out of the stock, and have a guaranteed cover with your bought shares from the offering, i.e., you don't have to go to market to cover.
So all in, while this does stall things for a quarter...maybe 2 quarters, you're right back buring cash and chasing rainbows that just aren't there. Canopy's latest is "we're going after the Craft market". Sure you are. Just like every other market you went after, and failed. Niche markets are for small companies that are agile and can make a craft product. Canopy is a big company trying to now play the niche game? That is a doomed strategy.
In conclusion:
So the only question really is, does Canopy fail quickly...or less quickly? This stock remains a short's dream. There's plenty of blood in the water, and the sharks are circling. Just a matter of time now.
And finally, to the Clowns. How come not even one of you has offered any rebuttal to what the CFO said? I know... I know. She knows nothing too. You're all wayyyy smarter than her and have far greater insight...right? ;)