RE:RE:RE:RE:QCtrader is bang on! very valid point Brent.
However, i remember very well being in EMH and that was the dog of all dogs. even after the Village Farm JV announcement, stock was trading at 100m$ with 40m$ in the bank.
now look at EMH today.
It wont take much to turn this sinking ship around, just simple management execution, that i would assume is being worked on with recent management change.
if id be a PP investors. id be pissed off, however their lack of execution and lack of investors awareness is creating this outstanding gap in valuation.
ive been adding daily on EMC, EMC.WT, EMC.WT.A
Is my portfolio bleeding? yes it is, but thats usually the only way i end up adding more.
Believe it or not, im willing to keep buying this EMC, anywhere it goes.
90M$
30M$ tangible assets (land, building)
10m$ licenses, certain agreements.
________
130m$ should be its flat book value.
under that im throwing my house in it.
brentkosta wrote:
QcTrader wrote: Guys, calm down.
Brent, you have a valid point, however if the warrants would be executed, how much more money would be added to the bank?
They already have 90m$
brentkosta wrote:
NanoNinja wrote: Your right I have different accounts and didn’t care enough to pull out my calculator to add it up.. i regret saying that actually maybe got a bit too excited after a trade. Didnt mean to make anyone feel small that wasn’t my intention. So if it makes people feel big lets just say i own a share or 2 and move on. Thanks guys maybe worry about your own share count
Nano, sorry to hear you own warrants. I have a few left too. Although they were given to me from my IPO purchase. I wouldnt buy those EVER. Illiquid trash. Most warrants from later financings will never be exercised. No LP will buy out EMC with these outstanding warrants. If they were exerszed the market cap would be about $400 mil. Nobody is buying this turd for $400k. Nobody
I feel ya QC. Its so glaringly obvious (to me) that EMC was/is a buy.
$90 mil in cash and $140mm market cap is just crazy. Actually laughable. This is why the blame should fall on the shoulders of Emblem mgmt. How can an LP in the Canadian cannabis industry be so poory valuated when nealry 60% of there market cap is CASH lol. This is a story issue. EMC can not attract retail investors with their story.