RE:RE:RE:RE:RE:RE:INSIDER SELLING!Ledzep4u, Always nice to have decent dialogue on the bullboard. Weed has a huge problem with those options, at least for shareholders, and they are going to need to produce some spectacular sales to overcome the cheap options. The only way I see the share dramatically increasing in the short timeline is if Constellations further increases there position - maybe that is why Bruce has been so vocal about buying and holding a position, not saying he has insider knowledge, but he should know a bit more than us. Even when the sector starts to get some attention Canopy will not outperform just based upon the previous quarter.
ledzep4u wrote: This is something I've been posting for a while now. Bruce was giving away options like a drunken sailor and I disagreed with it because he was giving away the company at our expense as shareholders.
He always justified it buy saying that everyone, from the janitor to senior manangement, deserved them becauase it made the employees take pride in their work because they owned a piece of the company. Meanwhile, the rest of us buy them on the open market at the full trading value at that moment. I find what Bruce did with awarding so many options, a disrespect to us retail investors and one of the reasons why it was time for Bruce to go.
If you look at the Q1 financials, Note 16, page 18 (link below) you will see there is still almost 31 millions in options left. There is still 6.2 million options left at $1.32 to $11.76/share as of June 30 and there was almost 3 million options exercised during Q1 by insiders. Sweet deal if you can get it, but not for us retail investors.
https://www.canopygrowth.com/wp-content/uploads/2019/08/Q1-FY2020-Financial-Statements-Final.pdf