RE:New to the Message Board Proactive approachAgreed
When Booth was embarrassing himself in the media I made my opinion known to Investor Relations. I am very confident that I was not the only one. Pretty sure they were flooded with the same take on the situation. Booth doesn't get put infront of the camera anymore.
The miss was embarrassing and total garbage. Their attitude towards getting in trouble is what really stings. They do not believe the market should be upset. They don't think they did anything wrong. Their CFO tried to claim costs spent by Aurora through their sub companies counted as revenue. What accountant thinks that? It is a wash at best. Internally circulated revenue AND costs. That was the entire idea of buyin Larrsons and the other bolt ons. To keep the funds inhouse but costs are still costs no matter which business name they are under. They claimed they needed to keep propriatary tech in their hands. The excuse for the is worse than that miss. "Glen gives me confidence" said no one.
PR and their communication is awful. Cam is nolonger trusted. He had been claiming EBITDA positive since last Jan. He made a nice sell in Feb. He knew the impact of Ontario then. He still went on to elude to positve EBITDA up until his last Midas Letter interview in August. 5 weeks prior to the actual release of the numbers. He needs to go. It won't matter anymore what he says. His only job was to communicate to the market. Thats his fluff role. Accuracy translates to trust. People still don't trust mj. So any sort of reason presented is amplified. Red faced? Thats what we got from him. That was it. He takes zero responsibility for his very intentional actions. Anyone remember his "Rockstar" interview?
IMO the second Canntrust was busted they should have released a list of all their sites and their credentials. GMP certified, government approved and compliant. This should have been overt.
They claim to be experts at intigration. They should have released a very clear explanation of their vertically intigrated machine by now. Shareholders have tolerated a ton of dilution for these purchases. We deserve to see the value applied.
We need updates on progress of all projects in contruction. We need reliable milestones stated.
MedReleaf and Cannimed assests need to have their value explained. Over 4 billion was spent on these two. What did we get? Were their efficencies acquired? How have they been used on all other sites? What does SKY produce?
With only 5 million in EU sales, why are we building Nordic? Our EU assets need to be justified.
Australia???
AUSA ??? How are they gonna come into play? What are they doing?
ROAR and the UFC. Great we have a partnership. What does this mean? What are we getting?
Mexico??
S. American assets???
Radient???
Patient count since the Canntrust bs? Are we picking any of these up?
What is the edible plan. 2.0 is pretty much laid out already. Nothing new on the 17th.
All their activety and we get minimal inforamtion. But hey Cam had a great scuba vaca and likes dogs.
herewegotoday wrote: Just curious, seems to be a lot of complaining. I think all of us that are invested, such as myself, need to band together and put some Investor quantity pressure on Investor Relations. Requesting ACB hit hard with an 'ongoing' positive PR strategy. The fall is here, now is the time to shine. We need to capitalize on OCT/NOV with upward stock price.
ACB should be releasing good news every 2 weeks at least, especially now when under such heavy attack from analysts and other bashers.
Anyway I emailed Rob Kelly yesterday. If everyone took this proactive approach instead of complaining, we may get somewhere. Copy and forward ACBs cotact info to everyone you know who is invested in ACB. All of us should be relentlessly emailing Investor Relations to get the PR going now. Thanks for listening.
Investor Relations:
Ananth Krishnan, VP, Capital Markets & Investor Relations
Rob Kelly, Director, Investor Relations
ir@auroramj.com
1-855-279-4652