RE:RE:No Doubt Aphria is in negotiationsI am holding shares as I believe APHA is a prime target for another LP to boost its production without having to build. It is why Tilray seems to be logical...but who knows.
I suspect many understand the concept of “corporation” which means Aphria Incorporated is its own entity and it can die. I am reminded of when Air Canada swallowed Canadian Airlines. They picked the company up one week before they were about to declare bankruptcy; all of a sudden every aircraft and every employee was Air Canada. In situations like this, shareholders lose.
I truly hope an offer is in the works for 18 to 20; this would kill any chance of a lawsuit as Aphria would no longer exist and the buyer cannot be accused of eroding shareholder value. The buyer also gets an incredible bunch of assets that would take years to build out. It is simply not possible for Aphria to continue as an entity if they don’t publish a rebuttal and clear up any uncertainties about their business practices. I know some here are eager to forgive and forget...but the motivation is recovery of their (our) investment. There is no motivation for institutions to invest until, as was so rightly said, the manure is swept out of the barn...or another farmer buys the barn and gets rid of the sh!t.
rocketjsquirrel wrote:
Sky, my thinking the past couple weeks is similar to yours. I would lay a bet that the company has been negotiating and fully disclosing everything that happened with the LatAm purchases, because the suitor has to know. On the other hand, publishing a rebuttal during any negotiations would risk driving the share price down further, which Aprhia management knows they have to protect right now, or they become more vulnerable to a hostile takeover, lower bid from an active suitor, etc. I also suspect that right after the Hindenburg report, the board didn't know what the hell to do.
A background worry I have is that there are at least six well-funded, quality law firms pursuing a class action suit. Several have spoken to me and yesterday, I was asked to be a lead plaintiff by one of them yesterday. I doubt I will agree in the end, but in the meantime, I will agree to listen, find out what I can about why they think they can win, how much, etc. So, the lawsuits are NOT just a mirage. These firms think they know enough to pump a great deal of their own money into a class action lawsuit effort----none of the lead paintiffs are paying once cent up front to pursue this. Here is the key point: great assets not withstanding, Aprhia must execute flawlessly going forward to improve value for shareholders and compete in this space, because there will likely be a significant drag caused by a successful suit against management. On the other hand, I'm not hearing of anyone going after Grego, however, though his report clearly included some false statements that contributed to the dive in the stock price.