RE:RE:Time to Reflect: Trust in management would keep any reputable instituion from investing at this point. Makes me wonder about the following:
Famously, in early 2016, the International Consortium of Investigative Journalists made public what it called the "Panama Papers." These documents, taken from the archives of the law firm Mossack Fonseca & Co., show in detail the beneficial ownership of several thousands of offshore corporations. While many were used legally,
it appears some beneficial ownership was hidden for nefarious or illegal motives.
MammothPump wrote: Great post Vinny ..like yourself I have also been around for a while ..what I once looked at as a good investment feels like nothing more than a gamble to me at this point ..management has burned us too many times for me to think otherwise ..truth is if I was a new investor I wouldn't go anywhere near this company right now ..beyond disappointed frustrated and disgusted at this point
Vinny57 wrote: Like these facts or not, they are the facts. They have a lot to do with the reason behind the lackluster performance of what SHOULD be the #1 LP on the planet.
-Last years fiasco with the short report----Semi guilty
-Huge dilution with overpayment for Nuuvera, Broken Coast, Latam.
-Aphria CEO Vic Neufeld "has" to quit.
-Founders Cole Cacciavillan and John Cervini "step down".
-New CEO Irwin Simon - Jan. 22 - Over 1.2 million restricted shares granted.(new trough pig)
-Amber Mcrae - Public Market Sale of 25,000 shares in January.
-$100,000,000 dilution (AGAIN) By UNDISCLOSED investor for UNDISCLOSED reason.
- Mid term Share Price------ STAGNANT.
-Short term Share Price - $7.58 to $6.15 in 9 trading days. That's a 19% drop in 9 days.
-Simon DOES NOT put share holders first. (We heard the same B.S. from Vic). Remember?
-There is becoming a "lack of trust" in management. (AGAIN)!
-New investors still nervous when considering investing in APHA.
I have weighed these facts these last few days and have reached a conclusion.
There have been few as supportive and patient as I have been for these last 3 + years, but I am starting to see the same disregard for you and I (the little guys) once again by management.
I will give it till October. That will be 4 years and 2/3 of a million invested. It's the saturation of the market that has me concerned being this far in the cycle. There are 3 QR's to report until the end of October and they SHOULD get progressively more impressive. If they do not ..... then something went terribly wrong (AGAIN).
They've got till October.