RE:For those worrying about the PP lowering the SPLol. Hopefully some of you listened when I said short this at 2.90. Now who's smart?!
Tweedlede wrote:
Lets put things into perspective. CGC just offered 950,000 stock options to its board members on Feb 29th 2016 at a price of 2.95. https://m.canadianinsider.com/company?menu_tickersearch=CGC%20%7C%20Canopy%20Growth This means the top CGC brass will need to PAY 2.95 per share for these options! Obviously they are not concerned about the SP staying low in the short term. You might even say they are putting their money on the line! Now some may worry about Dundee getting a 20% discount on the market price. But lets think back to the 2.05 PP Dundee bought. That was also at a 20% discount. The SP visited that price, but Dundee threw up a wall of support at 2.05 so it would not capitulate. They also avoided putting in a huge wall of asks, and allowed the SP to climb without unloading constantly. They are all thinking LONG TERM here. Finally, lets speculate on the April 15 closing date. Does that date look suspicious? I certainly think it would be right up the CGC playbook to announce a big acquisition right before 4/20 to capitalize on the MJ media frenzy that will come along with that time. This is speculation of course, but CGC is notorious for timing announcements. Take this momentary downward pressure to analyze if you are in this stock for the short term, medium, or long term. If it is a long term hold. Take advantage of this.