GREY:ALEAF - Post by User
Post by
sthineion Mar 27, 2021 8:12am
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Post# 32892344
Best thing for shareholders
Best thing for shareholders Would be for aleafia to be sold. This story not developing as most had hoped and many now feel stuck in the stock. That conference call was sad with Raymond James the only attendee. After a number of positive announcements in q4 including Unifor, EA GACP, new partners,new agreements, paying down debt they came out with nothing. Benic taking cover with comment about red tape. I don't hereven the other pot companies coming out with those comments and it makes the sound inexperienced and surprised by what is required. In q1 there is a real possibility they see no yoy or q over q increase in revs. Imo julian fantino and Raf Soccar should see the writing on the wall and push for a sale in this overvalued overpriced sector. Too many players, too much product, too competitive. 4x sales is only a deal relative to other companies which trade at 10 to 20 sales. Either that or Benic has to go. He has not grown shareholder value and the company needs to consider strategic alternatives intended tonly increase shareholder value. 15 months out from now they need to pay off $45 million in debt and the current market cap only 200 million. Saying and believing anything otherwise is foolishness. The US MSOS continue to get bigger and stronger and legalization expands from state to state. Does not benefit canadian companies because our participation very limited until it is federally legalized and by then these names will beventually even bigger. Not as if the Canadian companies will be able to by US counterparts again that time. They will bd too big. CC was a disappointment and Benic has been a disappointment while also misrepresenting some developments and the release of information. Ig now appears to have been more focused on getting some positive news out there in order to drive the stock higher short term in order to get that offering done at higher prices.