Aphria Inc. APHA

RE:RE:RE:RE:Insider buying yet equity raise = news?

[Viking49]

jayjay2020 wrote:

gottahunch wrote: The signs seemed so obvious to me. I almost sold all the rest of my holdings to go all in. Hope we get news soon. GLTA

Oldmansmith wrote:
That's why I bought at the close. I have no information, but have seen plenty of other stocks strangely green on big red days or red on big green days, and a few days later big news comes out. Insider trading is illegal, but it happens all the time, often blatantly, and the supposed regulators do Jack shyte about it.

 

There is couple of things to note. One the prospectus filed is not an equity raise until it is exercised. APHA has upto 25 months to exercise the raise. The prospectus is merely notifying the SEC that it may excercise a raise. Having said this on the positive side is insiders are buying. As an insider one would not buy if a raise would be at a lower SP then it is today.

The prospectus makes Aphria better prepared to move quickly should the US federally legalizes.  Irwin Simon stated in the last conference call that should the States federally legalize, Aphria would acquire an existing US based CPG company and expand cannabis products into that operation.  

With a a decent amount of cash already, the prospectus gives Aphria expanded capability to acquire such CPG company.
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Just cocking the trigger.  Once the States go federally legal, there will be a feeding frenzy.   Best be ready!