RE:RE:RE:RE:On a quiet night in Ford Country if you listen carefullyI went back listened to the same video again and you are correct, he did say $16 next week. For some reason I had heard $60, my apologies. Guess I better get out the Q-tips. The other thing he had said in that interview is that all their SPAC investors are holding for long term and not interested in flipping for pennies. That leaves the question where is all the selling pressure coming from? MSO's loaded millions and this continues to nose dive..
I will just leave it on my watch for now.
Benedictus wrote: I actually remember Michael suggesting the stock should be rerated toward 16 - 17 post despac, not 60. But agreed..he never should have made any stock price predictions as chairman of the board. It tarnished the reputation of not just him but TPCO and Subversive Capital.
I still look at TPCO with interest mainly due to the sum could prove greater than the parts theory IF the team can gain major operational efficiencies throughout 2021 and build their gross margin profile as they projected in the presentation.
The theory that more and more M&A is needed to boost the stock price seems very silly to me. Indus just announced a fantastic highly accretive acquisition of Lowell and the shares are trading sideways post announcement- the market will rerate the stock if and when top and bottom line numbers prove out the purchase. TPCO needs to be humming along the whole supply chain before effectively plugging in new brands to the pipeline imo. But I am aware they need to lock down a big cultivation footprint due to contract expiry within one year so I'd expect that organic or inorganic deal to be announced very soon.