RE:CRUCIAL THIRD QTR CC POST MARKET MAY 14To all you Deluded Millenials who still think Nelsen Peltz is EVER going to do ANYTHING for Aurora Cannabis, WAKE UP! I understand how painful it is to admit to yourself you were taken...suckered, by a couple of Big Mouth Charlatans is expensive suits who made MILLIONS of dollars by EXAGGERATING and LYING to invetors. They have no doubt invested their millions off shores in tax havens and are un likey to be prosecuted or do jail time like they should. YOU MONEY IS GONE. This company is DONE. The idiots left holding the bag are the "fall guys". In sure that was the agreement. They have no idea what they are doing as THERE IS NO WAY out of the cash burn. ACB is a smouldering pile of charred remains of a straw house. I dont believe the Principles ever had any intention of growing a real company- they were just opportunists and in the case of Battley, a very good Front Man. A good Actor. It is sickening that they are getting away with this enormous white collar "heist" in broad daylight. Dont kid yourself. ACB was/is probably the biggest legal Ponzi Scheme in Canadian history. Make peace with your losses, learn something about yourself, human nature, and greed, and move on Folks. There's nothing left to see here.
CGCFAN wrote: Here we are folks
Looking back at the MJ Industry from its infancy , through the legalization boom and all time highs I don't think anyone in their right mind would have imagined that fast forward Q3 2020 here we sit at the lowest price points in years.
Pretty much everyone in the space thought that come October 2018 the market and sales would be blasted into outer space and all these market caps would soon be justified.
well, pretty much since the post legalization sell off the space has been in a downward tailspin BATTERED by CONSTANT negative press on the mutha effin daily.
Throw in a worldwide pandemic forcing economies into recession type disasters leaving investors both big and small running to the hills trying to salvage anything they can to keep the lights on. For those whose careers and pay checks went unaffected by COVID, be thankful bc I am counting my lucky stars each night.
Quick recap in no particular order of ACBs downfall: (most likely missing a bunch)
Cam & Terry on an absolute massive pre legalization spending spree acquiring and tossing cash at everything as if money grows on trees
Cam and Terry justifying their moves to their shareholders constantly stating that with their growing capacity and reach sales will reach the hundreds of millions each quarter and positive EBIDTA will be achieved in the short term.
Terry acknowledging the Coke discussions fueling excitement amongst shareholders, another failed promise.
The subsequent removal of cam and Terry
massive insider selling with no explanation to share holders
price target $0 causing yet another massive sell off
Haunting construction of facilities and having massive layoffs
billion dollar write downs acknowledged
reverse split
ACB Q3 2020
as an investor quite heavily invested its
in my opinion this may be the most important
Conference calll in the history of ACB.
ACB has their backs to the rope and is treading in shark infested waters.
with all the points noted above its safe to say that ACB shareholders have lost complete faith and confidence.
i can only hope that ACB lays their cards out on the table. We need details , we need a god damn plan of action and a partner would be the cherry on top.
if the call is meh leading into the split, that will make the road to recovery that much longer
i do believe that in the long run we will be ok, they have acknowledged mistakes and began a aggressive cost reduction plan which was refreshing to see. regardless I will hold my shares tight and truthfully don't really care if it takes 5 years to get back to where we were.
i have faith in Nelson and I have faith that he will lead us in the right direction
GLTA