TimMcCracken wrote: Grnhousegarbage wrote:
Vic is a horrible leader. He should be more focused on the quality of his product then subliminal insults at his competitors. Low cog's low cog's low cog's.... low quality. Higher quality bud can demand a higher price and potentially deliver higher margins. He him self said he can not grow the same quality as indoor.... does that mean there is no place for greenhouse? Not there is but don't get all butt hurt because investors value multiple growing platforms. F Vic he's a cry baby. I'd like aph much better if he was replaced with someone focused more on aph instead of it's competitors
Vic has still not formally announced or addressed the options he issued himself and staff the day before they released earnings.
He is stealing from longs future pockets without being transparent about it.
Dilution hurts longs and it is the company's duty to be transparent about it not matter how big or little it may be.
To touch on my example yesterday over the past 30 months CGC has diluted their stock by 250% to fuel growth prospects.
Their market cap has increased by 1199% over these 30 months, however the share price has only increased by 339%, due to the dilution.
This is a net difference of 860% ... to date we can say that for every 1% of dilution has cost longs 3.44% return based on today's price, and this will only compound as the price grinds higher in the future.
You guys may think I am nuts going on about small amounts of dilution all the time but see how it compounds and decreases long term value.
I am sure the battle tested longs that hung in here are happy about 339% over 30 months ... not many investment options out there would yield this kind of return over such a small time frame.
Over this period of time CGC's management has always disclosed any newly added shares via bought deals, acquisitions or issued options by way of public news release ... me as an investor had the information and could make my investment decisions based on it.
So Vic's options that he didn't disclose and the greasy timing is a big problem for me, as it makes me wonder what else he has not disclosed to the public, or what may he do in the future. This is poor management, a leader should be open and transparent.
Call it what you want but I'm glad Bruce released the article he did today. His job is to drive value and protect the long interest of CGC. He is being transparent and as we've come to learn some other managers can't say the same.
Regards,
Tim