RE:Vic Neufeld skyplt wrote: My spouse is out at a work related Christmas party.
I am home alone. Tried reading a book, couldn’t concentrate. Tried watching a movie on Netflix, just not interested. My thoughts are on someone I do not know and never met.
I think the Scotiabank report has put the LATAM value to bed. I truly do not think APHA is in any different financial shape than it was in Oct 17. Perhaps much better given rec sales.
I am contemplating whether the CEO has been double dealing. It’s possible; I vividly recall John Roth (former CEO of Nortel) publicly stating everything was fine. It came out later he was selling his shares discretely while the company’s CFO was cooking the books to prolong their corporate life. Roth was on the cover of Canadian Business as CEO of the year just before Nortel fell. The list is long of CEOs whose greed compelled them to double deal. Look at the CEO of Fiat...
Andy is a classless used car salesman. I expect him to be sleezy. He does not matter.
It boils down to Vic. If he is able to exonerate himself tomorrow then really, nothing materially changes. Aphria will have been the victim of a short attack likely orchestrated by Altria in some form or another. If tomorrow is a non event then the company should be back on track to getting HC approvals and reporting a mostly post rec quarter on Jan 11. There is also no reason for them not to be looked at by an alcohol or pharma whale. I am not expecting any moon launches. But maybe the optimistic idea of a new ATH is not so far fetched.
I truly don’t know if he is clean or a sleaze ball. I was wrong with John Roth. I hope I am right with Vic Neufeld. I hope we discover tomorrow that he is an honest man.
Quiet night.
I have met Vic many times and he is a good guy. He talks openly about the business and is always looking ahead at the big picture. This gives me confidence - however - all these other weed stocks have created a total BS atmosphere that doesn't make traditional investing sense. More than any other industry, true value does not equal shareholder value.
I've averaged down as much as I could sititng w/ a paltry 13.50/share as I was blind-sided by the short attack.
Vic is already a very rich man, he makes a great salary as well and has a ton of shares. I don't see any possiblity of short-term greediness influencing his decisions. Some of the transaction stuff seems a bit shady to joe blow - but honestly it's par for the course in capital markets. I have long-term confidence in Vic and believe Aphria will be a leader in 5 years when it's all said and done and be one of the last standing. I actually didn't plan on honlding that long though, so I'm disappointed by this short attack cloud and also the bubble gum nature of modern retail investing (and how the canadian exchanges seem ultra-rigged imo but that's another story).
My goal was to sell at 29 before new years - but that aint happening. Will it get there long-term? I certainly see no reason why not - but I don't want to hang on that long, so I'm hopping 2019 will have mutliple exit opportunities to profit while more insitutions come in for the long haul.
just my 2 cents.