Silly arguments all over this forum The comments by retail amateurs following very bad rated analysts
theories as to why they are discrediting acb on here is unreal. This is a brand NEW industry. Acting like this company is over and done for in the 2nd inning is the mistake here. I'm not disagreeing that acb has some major problems in the balance sheet but so does every producer. They also have some very good things...like top margins and lowest cost producer.
All these so called wanabee accountants make me laugh. You can't evaluate ACBs balance sheet because they are in a new growing industry. If they continue to earn 50-100% growth year over year than the price makes sense, as well as having a price 7-8x earnings. Give it a rest bashers, this will play out in years to come, and my crystal ball thinks we ain't going to be sitting at $2,1, or $0 for long. More like 10$+ once the band wagon starts again.
One major positive development, one major deal, or bail out and you'll all be silent, you'll see a slew of positive articles....with industry breaking out. No one knows what's to come, but this attack is a joke. Tired of it, my bet is next week shorts start to cover and you'll see the reverse scenarios being presented in the media. Go Acb, I believe, bought a nice batch of pink kush to go along with my recent purchase of shares.