RE:RE:RE:RE:RE:There is a pattern hereIn the famous words of one of the most hated people......."WRONG"
Banks will bend over backwards for well run companies with good balance sheets and proven management.
No way in hell banks lend to a company 10 months away from bankruptcy. You see unlike you, banks are good with numbers and can see the writing on the wall.
So let's say democrats win the election and take over in January. Let's even assume the dems win the senate. With no obstacle in their way it would still take at least 6 months to legalize/decriminalize Cannabis. That brings us to July, one month away from bankruptcy.........You better hope Joe gets his sh!t together because half the time he can't even remember what state he is in. You also better hope Joe doesn't spend too much time sniffing womens hair.
Unfortunately, Aurora is out of time. The only and I mean the only way Aurora survives is with a Constellation type investor.
Not a gamble I would take!
Rainbowflier wrote: The stock bumps are not a dead cat bounce (the entire sector is bouncing), they are a reaction to the possiblity of legalization in the US. Which is also the reason that Aug 2021 is not the doom and gloom that homestretch predicts. If the US gets legalization, that changes everything; the banks will bend over backwards to accommodate a company like ACB that already has entry to the US market.