RE:RE:Anonymous Biggest Buyer-(Short Covers)Congratulations LongsYou do realize that the "attractiveness" of a publily traded company is based not on the number odf shares which they have outstanding. It is actuallly based much more upon their financials and underlying assets.
And as such, it seems that you are must not be aware of how veritcally and horizontally integrated Aurora has becomes with all of the assets (i.e. takeovers) and strategic partnerships they have done over the past several months. In addition, sales are now running at over 200% on a YOY basis, with profits coming in at something like 43 cents per share, while Canopy is still reporting huge losses. Yes, the quality of their earnings is no doubt highly skews by their reporting of unrealized gains from their investments, but a sign that they have been very astute and lucky in their partnerships.
I wonder how many shares Canopy will have outstanding once they issue thoses additional 100M plus shares to Constellation. And on top of that, it sounds as though they are also comtemplating either a 2 for 1 or possible even a 3 for 1 stock split after that, which they already have shareholder approval for.
Sounds as though Canopy might possibly be the first MJ company to blow through the 1 billion shares threshold before Aurora does. Hmmmm.............
Inside06 wrote: Trend shows that weed companies that went to USA went down short term so I doubt it’s short covering. Maybe some investment firm or bank trying to munulpalte. Can I add that we have a billion shares in the market becareful because aurora is actually the least attractive stock with so much dilution