RE:RE:RE:RE:RE:Let's hope that Canopy and Aurora financials are decentCAInvestor wrote:
I'm heavily invested also, but just sent unpleasant email to OGI IR! Some of us reached out to IR in late august, September, October and asked if there were any major concerns, at which time they indicated no, price reduction was due to market sentiment and specific MJ news..... Now they already knew the first week of September that they only shipped $20m in product during 4th quarter, which was significanty less than the "flat sales" they indicated in July...
So, we investors purchased more shares based on there being no major issues, and when they knew they had sales issues.......to me that's a breach of their responsibilities to their shareholders.
I'll remain long and heavily invested, but now we have to wait 4-6 months or longer before execution and sales data on chocolates, powder & liquids, and HYASYNTH before any
And your point is well taken...they knew, of course they knew..if you can't put your faith in IR than that's pretty sad..I understand that they would not want to always tell the whole story, but there are ways that they could choose the right words to at least artticulate in some fashion that things weren't going to be as rosey as some might think, although that is not something any company is going to do for fear of causing some sort of backlash from shareholders..my perspective is why not let shareholders know..apart from the now from the big institutional money that has now jumped into the fray, a lot of the ones who have put our hard earned money and trust into a company we believed in and have supported, and in my opinion we deserve better.The price is no doubt eventually going to rebound, but that is not the point..things could have been handled a whole lot better...convince me if I'm wrong