RE:RE:Chew on this for a moment!scruffman wrote: This has gotten way the f$ck out of hand. OGI is trading like it lost its licence. Complete over reaction. Just did a quick scan of current market caps:
OGI: $520M
Hexo: $675M
TRST: $180M
TGOD: $253M
Yup, Hexo has a higher market cap than ogi. Does that make any sense from a valuation perspective? WTF Trst doesant even have a license and is not growing weed WTF! Tgod another scam company with next to nothing in revenue.
OGI actual had $20m in revenue in its 4th quarter. Is the lowest cost producer out of the bunch and is have positive adjusted ebitda for the year. Yeah.....just a litle bit of over reaction....f$ckers
itsnevertoolate wrote: Friday Nov 8...Open 4.67.....High 4.99 Low 4.41 Close 4.87
Mon Nov 11 " 4.86 " 4.90 " 4.41 " 4.46 (then the afterhours release)
Tues Nov 12 " 3.72 " 4.08 " 3.57 " 3.57
And today we have been down as far as 3.24..this is a complete and utter shi*show. All because the only lp that has had positive quarters consistently up until now fell short this quarter we have been beaten down unmerfcifully and it's not about just bleeding..this is hemorraging..it's disusting that big money can have such power and control that they can do what they have done and not be investigated..what we are witnessning in this on going shitshow is manipulative money at work..you are seeing it firsthand folks and what is being done about it? Absolutely nothing! And what can investors do about it...same answer..And why are the big guns doing what they are doing?...Because they can!...And who is going to stop them..They'll keep on doing what they are doing until they maybe even push this thing down to under 3..and again...who is going to stop them..I have been investing a long time and have never ever seen the manipulation that runs rampant in this sector. It's pretty sad when you have nowhere to run or nowhere to hide and have to witness the sh*tshow that has been playing out the last couple of days..I am long on OGI and always have been, but I can tell you this..I am not a happy camper and I know I am not alone.This is like the wild west where the crooks did what they wanted to back then and no one ever really stepped up to the plate to challenge them, or no one tried to soften the blow.....grrrrrr!
I know eh! Hexo with a higher market cap than OGI borders on lunacy scruff..it is insane...what a facking mess this is right now and we are likely in for another beating tomorrow when Canopy reports..as the supposed industry leader they are always looked to as the one who is going to carry the sector on their back, but mark my words, if they don't come anywhere near expectations the thieves and bandits are going to come running down out of the hills and do more of what they have been doing the last couple of days..rapeing and pillaging stocks and OGI in particular. I mean I could see us maybe taking a 10% haircut, on financials given sector sentiment lately, but down 30% since the untimely news broke is crazy..emphasis on crazy..and it may not end anytime soon either..who or what is going to stop the manipulators from driving the share price right into the ground..they seem to have a free reign and as I see it, and I honestly have no idea when this insanity is going to stop..even a fat pig on a farm will go lay down after they have eaten and their belly is full..but it seems the scum sucking greedy manipulators may be in the back pocket of all the instituional money that is buying into the sector and they are drriving the price down for the benefit of their big wealthy clients so they can take a position, and when the bleeding stops, all the big players are going to be making a fortune. I am sure the ones doing the price maniplation are being handsomely rewarded for their efforts by the wealthy elite, while joe investor is left pissing into the wind. To say that many are disappointed with what we have witnessed the last few days would be an understatement..I think the word anger is more fitting. I still maintain that that the way the financial release was handled was a disaster from the get go. In past posts I have been critical of IR for not being a little more on the ball and keeping us updated on happenings on a more regular basis, and the one time that I didn't suspect to hear from them ( financials dropped 2 weeks early)..and voila...been a shitshow ever since.We haven't even gotten a status report on the expanded grow rooms. I know OGI is working in the background getting things done and forging ahead for 2.0 and understand that, but in my opinion they missed the boat if they thought early financials was going to make things better..if anything it has made things worse..much worse..the carnage will eventually end, we know that, and when it does, the fat bloated pigs will be counting their millions/billions while the good intentioned investor is left sifting though the ashes trying to plot their next move and salvage something before the bas*tards regroup and start circling the wagons again...my rant for the day...it won't change anything but it makes me feel better to vent...glta