RE:RE:Cannabis stocks tanked in last quarter... HOWEVER...Well considering that this company is an investment company, their share value is directly connected with their investment holdings value. But at least you are right that their share price doesn’t affect the share price of the companies they own shares of, but that’s common sense.
DecoyDuck wrote: The share price has nothing to do with the asset value. Nor is revenue relevant since LGC doesn't have any, barring peanuts and presumably interest payments which don't change whatever happens in the market.
What the auditors are struggling with is the actual value of LGC assets versus the value claimed by LGC management. LGC's falling share price doesn't impact the value of its assets.