RE:RE:Absolutely ridiculous this trades at $0.02 with Book V $0.25
settoretire wrote: Agree, Auxly is worth way more than presently priced, but we all know that coming back from 2 cents is virtually impossible.
This is more relevant than SH might think, especially with the amount of shares outstanding. Wish it weren't so, but one has to be realistic once in awhile.
Regardless, I hope everyone has a Happy New Year. Be safe.
One word explains the ridiculous SP of Auxly shares right now; 'MANIPULATION'.
https://www.sec.gov/files/Market%20Manipulations%20and%20Case%20Studies.pdf Not sure how TD comes up with a 'Book Value' of C$0.25 but I'm pretty sure Auxly is severely undervalued at C$0.02 just the same.
That said, almost every Mj LP is trading below book value at this juncture. Even OGI, VFF and TLRY which are posting Mj profits are trading well below Book Valuations.
The entire industry has been hammered before ever finding its legs. Bloody ruthless!!!
Perhaps, now that the hedgehogs are done dumping and tax loss selling is behind us, trading stability may follow.
Canadian Mj needs tax reform before it implodes.
US Mj needs federal support and open trade. Refusal to pass federal legalization in the states reeks of protectionism at the highest level. IMHO
It may make it difficult for MSOs but it keeps prices high by making it impossible for foreign producers to participate in the massive US market. Typical American politics. Better to risk peoples health than risk losing money to competition.
They know, no shame.
Germany goes full legal 2024. Without federal legalization, US players are locked out of that one.
At this rate the rest of the EU and probably the UK will beat the US to the punch.
Time will tell.
If the UK, even so much as decriminalize Mj then UK based big tobacco will run rampant with Mj and US based money will be stuck clawing at the wall their politicians have built.
That would be hilarious !!!
cheers