OTCQX:ACRGF - Post by User
Comment by
Countrygenton Apr 18, 2019 4:03pm
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Post# 29646656
RE:BIGGEST SCAM....
RE:BIGGEST SCAM....It is disappointing trading action but the discount against the now pegged value of Canopy plus the cash upfront is about 24% right now.
No idea how one relates that discount vs betting odds of Federal legalization, but you can bet that if and when it occurs, the bump for Canopy will be significant. Has the wager really changed that much or have we just hopped from a small horse to a bigger horse?
As for the IPO buyers, they knew (or should have known) there was an overhang of PP and founders/insiders shares. It was a richly priced offering with hopes of market excitement, which may still well occur downstream when Federal legalization or deferral to the States occurs.
The fat lady hasn’t even started warming up her tonsils. La la la la ...
Wait.
cg