I was all set up last night to dump my T.WEED at the open but the gremlins beat me to it. Busy this am droppin' my pants to dump several thousand shares, contributing to the downtick and had deja vu of when the shares were worth $75 and beating myself up a little for not getting out then.
Good news for anybody still holding though. Now that I'm out mostly, we should see it pop back up on some news but if it keeps dropping dollars a day, then I can congratulate myself on preserving my capital.
Jmho, but I think Constellation knows exactly what they are doing and despite having control want the bulk of the shares. In hindsight, they were pretty ballsy coughing up $4 billion US and calculated perfectly just what it would take to take this over. Shareholders won't be seeing the daily nrs and soft touch that Linton bought to the table. Hopefully the new guard can balance vision and fundamentals to make this thrive after they drive the SP down and pick up all the shares they want.
Constellation has enough business sense but not with the panache that the King of Pot bought to the table. Constellation needs to lobby the US Feds as to what the industry needs to get the US greenrush moving in the right direction for a flourishing new/old industry and it would probably help if they mention the tax revenue potential.
I feel a little guilty about selling into the slaughterhouse, but the whole industry was ahead of itself and due for a reality check. It is a new day tomorrow! glta and dyodd