RE:RE:RE:RE:.96cents...and check XLY short position...ZEROpredawn wrote: The loaning of shares to MMCAP By Chuck for them to short is the most egriegrous act there is in the stock world what a c--t this man is[[[[[[
I would definitely agree with you here as I thought one of the primary job of a CEO or Chairman was to increase shareholder value, as opposed to taking steps to decrease shareholder value.
Has anybody on these Auxly Facebook groups where both Chuck and Hugo apparently hangs out sometimes, bothered to ask why this action was taken in the first place? With these kinds of share value destroying missteps, I can definitely see why he was booted out from Canopy, even though he had started the company.
Especially when it seem that he takes the complete opposite approach from Bruce when it comes to securing funds for his company. Canopy seems to always issue additional shares at substantial premiums to what the company is currently trading at, while Chuckes seems to do the exact opposite and issues additional share at huge discounts to what the share price of the company is trading at.
It doesn't take a brain surgeon to figure out which approach works out better for the shareholders. Hmmmm...................