A competent, intelligent, professional CEO would be looking to get his costs under control, driving organic growth and not making idiotic acquisitions like Hexo and failed craft brewers - and he would not have thrown $225 million CASH out the window buying the DEBT of Medmen - a company everyone knew, or should have known was going g bankrupt.
But you are correct on one thing - a CEO shows confidence in the company - and risks his own cash to invest in it - just like he wants other investors to do.
Simple has made ONE purchase of a lousy 50,000 shares just this last January because the pressure was on to do so. He was able to afford the $100,000 because his annual compensation is $30 million a year.
How much will Tilray fall back this week - as day traders sell off, smart money gets out of dead Canadian cannabis LPs like Tilray - and the shorters play their game?
Tilray sucks - you better figure it out.
Post by
quinlashon May 01, 2024 8:28am 
23 Views
Post# 36016806
RE:quinlash - YOU could have been CEO
Awwwww thanks K, that's the nicest thing you said in a long time :) appreciate the feedback.
If I were CEO I would have already identified the Hedge Fund Manager who has been shorting the stock and had a plan worked out to address the situation. It's likely as easy as noting which of them talks the most in meetings and/or the most eager to provide funding in exchange for shares (at least to ID the potential group).
Oh ya, one more thing... I would make a large insider buy off the open market.