N00bInvesT0R wrote: BEST GOD DAMM post I have see in quite awhile...all these armchair CEO's can't think past the nose on their face...Thorbr55 I have followed you for a few years now your post' have less substance and more fustration coming thru..dunno how to respond?....Raptor Thorbr55 wrote: Walk is all he does. No hits, no home runs, yet he gets paid $10 million. Yes I know, broken record, but the same can be said, for all those praising his piss poor record and please do not compare him to the others in this sector. The bar is set so low that even an earth slug could not pass under it
There's nothing else I can compare to, gotta compare apples with apples, not gonna compare to US MJ when they have a bigger population and different legal environment.
I explained and gave the links many time for his 10 M$ salary, it's over three years and the majority is share based, comes in the form of restricted units. He's been here since the end of 2018 so the majority expires on 2022. It's in his best interest to have the company perform.
Nderror clearly didn't read my post also, I explained why impairments happen on Q4.
That's why I don't enjoy posting here anymore, people repeat the same thing without arguments or links like I take the time to provide.
It's called investing and sadly the Canadian MJ Space was in a bubble, if you bought in 2018 and never sold since then for sure your average share price will not be pretty and you will find all the opportunities or excuses to complain.
My average is not fantastic to be honest also but it's not catastrophic and I have been working on it to lower it.
The sector was in a bubble, prices at all time high were something like :
- WEED 77$
- ACB 16$
- Aphria 25$
- HEXO 11$
- CRON 33$
- OGI 11$
- TGOD 10$
Today
- WEED 21.57 $
- ACB did a reverse split 1/12 so when you divide 8.62 by 12 = 0.72$
- Aphria 6.14$
- HEXO 1.02$
- CRON 6.96$
- OGI 1.51$
- TGOD 0.34$
So yes it sucks if you bought before 2020 (my case) but you can't let your emotions cloud your judgment, all the competitors suffered also.
For all the people saying Irwin should go besides repeating the 10M , can you at least name or say things he could of done to do things better?
There most be a lot of things he could of done better when you look at the history of CEOS in the cannabis industry.
I'm done wasting my time, it's your money at the end of the day not mine. Yes I'm not happy right now but if you want to blame someone, blame Health Canada being slow at the most important things that made all the cannabis companies fail :
- Giving out licenses
- Opening stores
- Packaging rules
- Can also be included with 3 but the fact no marketing or commercials are allowed like it is for alcohol
All I know is that you don't become rich overnight and can't time the market. Yes I totally sound like a bag holder but that's just life and complexity of the stock market.
What I know at least is I'm a shareholder of a company that has been improving and is #1 right now, don't care about market cap and cash on hands (like WEED and CRON), recreational sales are what matters and Aphria is #1.
Unless you have cash on hands like WEED and CRON, you're going bankrupt, I'm not sure other competitors can afford 5 more quarters of just being EBIDTA positive like Aphria is affording right now. If you didn't know, Aphria only burned 18M$ in cash last quarter. That will allow Aphria to have bigger market.
Can't wait to hear the new excuses people will have when Aphria will trade at double digits per share in 1-2 years or say stuff like ohhh look what of would been my return on investment if I would bought TSLA instead. No one has a crystal ball, investing doesn't guarantee a victory overtime and having a high average certaintly doesn't help but that's part of the game. If you can't handle the loss or the patience, buy bonds so you can barely have enough money to live on at your retirement but at least it's guaranteed.
Allright I'm done, complainers and bashers can take over the board now and wave their Irwin 10M$ signs.