GREY:INSHF - Post by User
Comment by
IndieInvesteron Nov 09, 2018 12:42pm
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Post# 28951221
RE:RE:RE:Short Data
RE:RE:RE:Short DataI have heard rumour, or perhaps conspiracy theory that the stock is being directly shorted by Aurora and or Canopy Growth. Apparently both companies wanted to buy out or own Spiritleaf, but because Spiritleaf has a plan, backbone and soul they didn’t sell out. Instead of being humble and going for a trade partnership like many other producers did, these two are bitter, have more money than brains and are using extra cash positions to short the stock.
It wont hurt Spiritleaf in the long run as they are off to a good start. But it does hurt their stock price. Basically who ever is shorting is focused on keeping the price capped below 0.50.
I cant give any serious fact to this. I heard it as a conspiracy. But the narrative does fit somewhat well. Maybe not so much for Aurora, but I have heard of Canopy being lean and shady in finance dealings. I don’t think there is any action to take from this info other than enjoy enjoy the low prices. And hold long for the big win.
Next week there will most likely be a store opening. That will probably bump the price up a little.