RE:RE:RE:RE:RE:The $1.69 conversion price is concerning I hear your points - maybe you are a novice cannabis investor and not much experience like some of us here with 2-3 years of trading experience in cannabis, if that's the case, then I apologize, but if that's not the case and you're simply here to spread fear, then I'll continue to say f*** you for sh**ting on a stock that's already went from $7 to $1.60 and many many many families torn apart from bagholding.
I get your point on shares being released at 15 cents or something, but if you're going to talk about shares or capital structure, I think you are in for a losing fight/battle if you're targeting ZENABIS with this one.
More than 75% of the shares are all locked up based on a voluntary agreement. The CEO doesn't get compensated until the share price is above $4.00 for four consecutive quarters or if EBITDA is $98m and along with other metrics.
While I get your concern, once again just like your financing concern, these are all concerns appliable across ALL names. Every single one of these cannabis names were 0.10 private placements a year or few months ago and then listed for +6,000%. Canopy, ACB, Aphria, HEXO, + 99.99% of the remaining publicly traded cannabis companeis all have paper in the penny range. This is a wide-open textbook scenario open and known to all investors, if you don't like it, then carry on don't buy, no one asked you to, but I bet that's the exact same reason that drove and started the cannabis hype in the first place.
Everyone was picky, screaming this that scam while stocks were soaring +50% daily. You don't like it? Move ahead, someone else will like it and valuations will go North.
Prime example, GGB Green Growth Brands had 0.50 papers in privates, they RTO'ed at $2.50 or something? Now stock is $4.80 less than half a year into trading. You going to argue the cheap papers on that one too? If so I truly think you need to tag 600,000,000 other LPs.
Oh and you want to compare management share unlock schedule? Already told you it's +75% locked up VOLUNTARILY. Not only is this a Company that's literally similar to ALL the names and you can apply your argument to ALL the rest, but it's actually one of the very few that's trying their hardest to NOT have retail investors fall victim to C suite dumping cheap paper notes.
Like I said - there is no reason for you to be Zenabis-specific picky about all these things and calling for a short move after it's been beaten up this bad. Maybe your "thesis" was already applied and the reason for this down move, but at this point, it's so obvious the gap will fill.
Regardless - the LAST stock you should be applying your rhetoric to is Zenabis.