RE:RE:RE:RE:RE:QUARTERLY CONSIDERATIONSThe only flaws here are you and the rest of the clowns S80...now let's see if we can find any fact here, i mean sometime, somewhere you would think you would come up with something remotely close to intelligent but this is the impossible drean because it is beyond your capacity. So you are reduced to childlike bullshite and falsehoods.
There is no big surprise in this report that I can see and they explain the current status of the company along with the latest since last report and the estimated vision of the progress of the company for the near term, including profit realized 12-18mos out...and you start pizzn and moaning nonsense, at least wait until one can confirm there is a flaw over the coming months.
Like I said, this quarter is a snap shot in time but it was not expected to show profit realized, nor will the next few for that matter...so no need to spew your failure bullshite through each one.
You are here because this company has huge upside so try adding some positive and might even start to win...or stay a loser with the rest of the clowns, makes no difference to me. JMHO...Opt
Starsearcher80 wrote: Your logic, for what it's worth (not much), is completely flawed. You said "nothing unexpected in this report". Ok bright light, so you now say you fully expected it was going to be this bad, but thought you would just hold anyway to enjoy the 60% drop over the past couple of months??? No matter how you look at it, freakin' brilliant! Thanks so much for jumping in your own (butter) knife. ;) quote=OptGreen]Like I say S80, nothing unexpected in this report....the burn rate comes with the growth and expansion, of which will continue but lessen as build out continues along with substantially increasing revenues clean up the imbalance and profits are realized over the next 12 to 18mos, as per report. The only thing between a rock and a hard place is you and the rest of the clowns.
Of course it is Yes, CGC wins...and you will continue to be a loser. As always thanks for all the support from you and the rest of the weak and feckless clowns. JMHO...Opt
Starsearcher80 wrote: Umm, pretty sure the stock closed down over 3%....on top of the 4% the stock shed yesterday. "Just another good day in the neighbourhood" you say? Yes, I can see that. ;)
You're really not worth responding to Opt, as you just don't have the mental capacity to be worth engaging. (Don't worry, you have lots of company here). "Don't go to a gun fight with a butter knife" as the saying goes. Best wishes in your next life.
OptGreen wrote: No real surprise in this report S80 and no crash of SP, your prattle missed on all counts as usual. CGC is a multi billion $ company....they have a loss on the quarter as they restructure and pick up close to a billion in extra funding in the same period...hardly having problems, whether you and the rest of the basement denizens try to create that reality or not.
Profit to be realized 12-18mos out and those numbers will be in the millions/billions as well as CGC continues to build out to capture market share state side in the near term and beyond as opportunities are made available.
Just another good day in the neighbourhood with CGC growth and increasing market share, while you and the rest of the barking mad feebly try to sell your bullshite and get trampled with reality every time. Those that own do appreciate your support. JMHO...Opt
Starsearcher80 wrote: I read over the news release, and by all accounts, the numbers are not good. It looks like for the most part the market anticipated this, (certainly more than the Clowns on the board), as the net effect was essentially nothing to the share price.
Within the quarterly report, what is truly eye-popping is the cash burn. Put bluntly, that kind of burn can NOT continue. Canopy continues to try and "right the ship" from the Bruce days, and I think they are making progress here overall, but the risk here to shareholders is dillution via a share offering to raise much-needed cash. While the shorts certainly anticipated (correctly) the lousy numbers, it is this cash-burn/dillution issue that I think keeps them circling smelling blood, and continuing to add to the short position. It's a reasonable bet I would say, as the offering will certainly be at a significant discount to the current price level in order to have it subscribed.
Additionally, Canopy is caught between a rock and a hard place here. They need to spend the money to make the necessary progress, but the cash-burn required to do that is going to be costly to shareholder value. I really don't think they have any option here other than to trudge forward, and I do think shareholders will ultimately win. But shareholders would be naive to think the road between here and the win is going to be smooth. To the contrary, it's going to be bumpy, filled with some definite potholes, and a longer ride than anyone would have ever anticipated.
It's pretty clear that Canopy was betting on quicker U.S. legalization, and that bet has not paid off. There, obviously, is the missing cash flow. Hindsight is always 20/20. I think it was a reasonable bet at the time. Now, there is definite risk with their strategy. If it happens, Canopy will be in a strong position. If it doesn't, then they are in real trouble, essentially "all dressed up with no place to go."
And it's not even just a yes/no question. It's a "yes/no/how long will it take" question. "Yes", and Canopy wins. "No", its a Canopy disaster. "Yes, but much longer" puts the cash-burn issue front and centre, so at that point it becomes a race against the clock. To use an analogy, it's like breathing with a scuba tank. You've got half an hour left in the tank. Well all is good if you surface before you run out, but if you run out, it's not going to be a good story. And bringing you a new tank an hour after you've run out really doesn't matter.
While I have no position short or long, and don't want any postion at present, overall I still think the shorts have the upper hand. We'll see if that dillution happens, and personally, at this point with their cash-burn, I don't know how it can't happen. If/when it does, the shorts will win again. At this point, I see no reason or rush for them to cover.
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