RE:RE:What NextHjold up there CalmD11.,
The previous Aphria CEO, board did a horrific job with the LATAM deal. Reliance on the Valuators final appraisal was fraught with error. Intentional, or maybe not, but a bonus for some of the LATAM bought companies shareholders who walked away smiling (as did Vic N)
Green G bid was a waste of effort and money. Working on market sentiment, fear... dumb.
The short attack was planned and executed by investor's who do this for a living and succed as well as fail. Part of any industry and may reoccur.
Many mj growers could dbl, trip, quad there sales in due time provided they have quality mj, experienced staff and inventory. All eggs in one basket ??!!
Per previous posters Prof Corn On Cob and Athens. Vic Neufeld was a God. They idolized, immortalized his every word, speech, tv spot, news releases. Vic was the sole reason Aphria was to succed in profitability, market and world dominance. Vic had the business and related industry conections, smarts, experience. Diageo person's put into office were Vic's cue of who was to be Aprhria's future take over artist. Please be carefull when you have new leadership and/or board members by virtue sugnaling that they are the best., right people.
There is always someone somewhere who IS better.
Pierre Trudeau 'Sunny Ways' theme in 2015 has in 2019 been shown to be anything but.
In mj grow the unchecked growth of rot, mold, fungus, lack of staff can wipe out a large part of Aphria's growing plants, (or others) there goes Sunny Ways.
Considering Aphria may not have as much debt, share dilution, a cleaner balance sheet and more cash then competitor's makes it a prime candidate for a take-over by one of them even a smaller competitor. There goes the hopes of a Mega food, bev, pharma,cigs partner.
Look at how, why Loblaws(GW) took over Shoppers Drug. Mart. Used Shoppers clean balance sheet and cash to take out investors.
note: I, do own APHA and others, but have a dislike for claim all is well and management, board are untouchable. Don't know what under that tarp till its pulled. Resumes highlight successes.
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CalmDown11 - (4/28/2019 10:15:40 AM) RE:What Next
I agree with what you say. Just keep in mind this process was necessary to clean up the mess from the previous leadership. They sold 300 million with an option of another fifty million to private firms who purchased them at a premium of over 9 dollars. This does not dilute the stock in the same way ACB have diluted their stock. They also raised another 89 million from squashing the GreenGrowth takeover bid. The company is positioning itself for success. Remember it’s only been a few months since the devestating short and even less time has passed since Vic stepped down. This company’s future hinges on its ability to triple its sales and believe me the chances are good it will. Things like this take time and six months is not enough time for the new leadership not to mention amazing new board members from other companies have been recently hired, to make the difference. They have put all the necessary pieces in place. They raised a massive amount of money to move forward without a buy in from a larger company (which very well can happen especially now given the discount on stock price). We have all been disappointed with the disgusting thief Vic Neufeld and crew Cole Cassiviloni and that that other scam artist involved you all know his name. Regardless the company cleansed itself, raised the money. Wrote off what it needed too and put the right people in place. Things look sunny from here on out. We may see another quarter without the write down like this one but further down the line this company has huge potential and carried way way less debt then ACB, Canopy and a few others. Not to mention are market cap is ripe for huge growth. What’s more likely? Acb gots to 20 billion market cap or Aphria hits 8 or 9 billion? We are in good shape keep the faith