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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Zenabis’ debt
View:
Post by OneWhoBlazes on Oct 26, 2019 12:18pm

Zenabis’ debt

Even with this weird offer, if everything was fine, the SP should never have fallen to these levels. At 25 cents a share fully subscribed the market cap will still only be around 90 million.

Can anyone explain how Zenabis is not going bankrupt? This deal is completely stupid. Wiped out my life savings.

I want to get back in, but not so I can lose the rest of my money.

People here have said its an opportunity, but if it was the share price would not have gone down to under .5 PB ratio..
Comment by stakeholder97 on Oct 26, 2019 1:31pm
I understand your situation.  I am not going to encourage anyone to purchase any stock.  There is always a level of risk.  Case in point is BB.   poor market sentiment has it where it is.  The deal with PAX is about vape products and that may have caused the initial engine pause.  It was discovered that Vitamin E oils were added by some uninformed money grabber ...more  
Comment by sotypical on Oct 26, 2019 9:38pm
This post has been removed in accordance with Community Policy
Comment by AL8888 on Oct 27, 2019 2:08am
It looks like you've flip-flopped back to bashing again. You have accused them of lying many times, please provide a specific example of where they have lied. You are claiming they said  "We don't need the money" The press relaeas actually says " Although Zenabis does not currently need the proceeds from the Rights Offering to deliver on its revised business plan ...more  
Comment by kejriwal123 on Oct 27, 2019 5:59pm
Sotypical: you are a liar too : is it you were the one promoting this Fraud company from day one : you were the biggest  fan of this company and you were the one making fun of me when I said wait till it goes at .50 : you were calling others fools and now you become one of those but after loosing money: and now 10:1 consolidation is coming  at.05: wait 
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