It's no secret that Newstrike was a bad decision. We all know that, should everyone including mgmt dwell on it and stop making more bold moves or should the cave and act like a beat up puppy dog? You learn from it and move on.
That's the point - they didn't learn from it, they just repeated the bad decision.
Here is how people should view this. They are sitting at a $2B market cap with sales almost at par with Canopy sitting at 11.5B. Canopy deserve a larger market cap because of their cash. But if you look at how both are progressing in the last 3 quarters does Canopy deserve an almost 6x valuation? I don't think so. Financial markets is full of inequalities and over time those inequalitiy gaps gets corrected. Either Canopy comes does by half or Hexo doubles medium term.
Why do you pumptards keep comparing to canopy? Regardless, Canopy reported a loss $200 million and their stock dropped $1.50?
This Hexo's goal, to be a Canopy?
I'd rather have sales of $100 million and a profit of $10 million - than $500 million and a loss of $200 million
so if the auditor reports scares you and you want a perfect reports where there are no improvements to the business recommended by the auditors then sit on the sidelines and wait until they are all corrected.
Doesn't scare me - it's an extraordinary move for the Auditor to have to make these comments - it's pretty extreme and some of them werre also reported the year before with no action take by the company.
What other company have you seen that has these kind of serious issues reported in their year end financials.
If your NOT concerned - you're a poor investor and simply a pumptard.
It will never happen, stock will be at 20B market cap and there will still be improvement recommendations. This is a simple risk reward scenario, the large returns are when things are small, not perfect but in the works, if you believe they can't execute stay away because the risks are super high. But if you want the majority of the risk removed and have all the perfect systems in place then by that time the stock will be at $80 and the bulk of if gains will have been had already. I'm in it to go from 2B to 20B, sounds like you're the type of investor that should wait for it to be at a 15B market
cap to sell at 20B market cap so there is lesser risk. There is nothing wrong with that approach, just a different level of risk tolerance.
These weren't simple 'improvement suggestions' - they were here serious fianncial control concerns. If Hexo couldn't manage their own company after 8 years - how are they going to manage adding three more - 2 of which were poorly run to begin with.
The rest of your statement sounds pretty, says nothing - I'm not sure it's even English