MY 2 CENTS - For Whatever It's WorthFELLOW LONGS
First off let me say I have no hidden agenda, not a shorter, have no insider information, no boots on the ground intel etc, so take from this what you will.
It matters not what we on this board or the discord AIG group think.
We can jump up and down, yell & scream all we want, moan & complain until the cows come home or pump & look at things through rose coloured glasses and it matters not.
Don't get me wrong as I'm not thrilled where our current share price is either but lets take a step back, a deep breath and have a look around.
What has changed with regards to APHRIA since the purchase of $100 Million shares by a secret investor/group & the after hours cross trade between banks on the dark pook last Friday of 10,278,000 shares @ $6.19 for a total value of $63,620,820 other than the share price?
APHRIA is a better company than it was 2 weeks ago with stronger balance sheet.
Interest in APHRIA is gaining traction as these 2 recent transaction will attest to.
The secret identity chose APHRIA to invest their $100 Million into, NOT Aurora, Canopy, Cronos, OGI or any of the other LP's... Why was that??
IMO, I think Irwin accepted the deal to ensure APHRIA will still be around come the fall.
That may not be the case for some of the other LP's. He knows what struggles are ahead in short term for this sector and I don't think it will be very pretty for some. Have we seen the bottom for the MJ sector, probably not. In fact in February we will probably see APHRIA dip below $6cdn. Not on anything they did but rather caught up in the carnage of the bad Earning Reports from Aurora & Canopy in the 2nd week.
There is a lot of water to flow under the bridge before we get to our Q1 2021 earnings report in October, however there is a Tsunami headed towards the MJ sector in the next couple of months. Have a look around the sector and other LP's. How many CEO has been dismissed or stepped down and how many changes have been made to the BOD of other LP's in the past 6 - 9 months? Look at the burn rate of these companies every quarter. It's not peanuts, APHRIA included. Funding for MJ companies is non-existent or if fortunate to secure it's at such a high premium.
So I asked you this:
Isn't it always better to deal/work and/or make decisions from a position of STRENGTH not Weakness.
Is the grass really always greener on the other side?
It's like playing in a high stakes poker game, having patience, waiting and getting your money in the best you can.
As Warrem Buffett once said "There is nothing wrong with getting rich slowly, If you want to build wealth, plan for the long-term and be Patient".
For those looking to double their money quickly, then I suggest they just fold it and put it in their back pocket.
Either you believe in Irwin and APHRIA or you don't.
As you can tell, I'm willing to Believe for now
If you don't then maybe it's time to move on
Let's review after October's ER and than you can call me out.
One thing that is pretty much a guarantee is the share price will not be in the $5 - $6 cdn range.
We will be in business BIG TIME or in a World of Hurt
Not telling you what to do nor giving Investing Advice
As always, please do what is in the BEST INTEREST for you and your FAMILY
Enjoy your Sunday and the Superbowl
All The Best,
CentreIce