RE:RE:RE:RE:Klein, Canopy to Realize ProfitThat's funny. You said they were going to gave a cash burn of 750 million in the last quarter and it was only a hundred million. According to your own projections, they have done a stellar job of reducing cash burn. You sound confused. If they burn through 100 million per quarter they have enough cash for 3.5 years. There will be no dilution or cash raise unless they choose to make a large aquisition.
Starsearcher80 wrote: Why? Bleeding quickly through their cash, and inevitable dillution at a horrible price. They can slow it down, but they can't stop it. In fact, they've already done an excellent job in proving they can't stop it.
TheProphetElijah wrote: paulmorel wrote: The only clear path he sees is out with his 85k sell couple days ago, more than 1/3 of his holdings
Klein didn't sound bad in the interview at all, and most importantly he's right that Canopy's balance sheet doesn't reflect their US assets, question is why isn't the market pricing that in. Maybe not yet.