RE:RE:Irwinhevin wrote: Could other longs weigh in on this? Normally reverse splits are horrible, however, it did increase ACB's shareholder value...Ziggy, been thinking the same, and I don't see how they can avoid this as the float is so high... thoughts?
Ziggy1950 wrote: What ever we are paying this Irwin guy he is not worth it . You do realize he just kicked us to the curb again. His performance as CEO is dismal we are always a day late and a dollar short with this guy. Nothing is rolled out in a timely manner. I hate to say this but I smell a reverse split coming up. Thanks Ziggy
Sure, I"ll weigh in on this hevin. Ziggy, we tend to agree on nearly ALL of the issues concerning Aphria but I do not see a reverse split coming. ACB had to reverse split as it was facing delisting with a shareprice in the 80 - 90 cent range. It did help their share price at the time but with it's dismal financials , closures, layoffs, and news, the price is dropping again.
Aphria, on the other hand, is trading in a flat range around $6 as we wait for financials due to be reported in 4 - 5 weeks. Unless our fearless fiddler REALLY messes that up again with another backhanded bit of negative news, I am looking for a 20 - 30% increase from where we are now.
This, of course, all depends on Simple Simon's intentions. We are ALL still under the 'cone of silence'.
V.