RE:RE:RE:RE:RE:RE:Choice of right targetCommonCentsforDollars wrote: I understand the cash raise aspect you mention. Not sure what decision Irwin could have done better. If he had the ability to raise when this was trading at higher levels I have no doubt he would have. But when you can't issue shares nothing can be done. His hands are tied till shareholders push a YES vote through.
If we can get the dam vote to go through this MedMen deal is a matter of issueing roughly 9 Million shares to Gotham Green Partners in exchange for the Secured Convertable Notes.
If we don't get this VOTE pushed through
by Dec 1st then it may mean we pay in cash. That I have a problem with. Investors vote yes this company thrives, if not we have an uphill climb. This is the reality.
Tilray Nasdaq chart which is the only chart that matters has a
support level at $12.33. I expect next week that will get tested. Might see a bounce there that will mainly be a short covering rally.
The anomoly today. Majority of LP's are trading in the green while the majority of MSO's are trading in the red. That is a new trend change. With GTII, the one MSO that was holding up the best through this pullback is performing the worst today.
The ENTIRE sector needs a catalyst to put pressure on Shorty.
Oldweed wrote: CommonCentsforDollars wrote: A Partner in my mind is someone that injects money into the company.
Unless there is a PR I have missed Molson's has injected $0 into Hexo. Also if they were a great partner and had belief in HEXO's "turn around" then why wouldn't they inject the money instead of having to go to market for a raise? Might as well have no partner. HEXO is tied to an anchor. Every other LP CEO turned Molson's down when Molson's wasn't willing to inject $$$'s.
The biggest problem here are the shareholders. What type of shareholder doesn't vote?
Simon has 60 M&A's under his belt. You think he lacks experience? Most experienced CEO in the entire sector by miles.
eom
momo
Oldweed wrote: I am concerned that if TLRY raises money with more shares at these suppressed levels the market will have the same knee jerk reaction that they have with HEXO. Sure they have a less experienced CEO but they do have a partnership with Molson. TLRY has Simon and no partner! The question for me is why would I expect a different reaction from the market when shorts appear to be in control. I don't think there is a worse time to dilute the stock, but at the same time its an all in play for Simon as he doesn't really have a choice unless he wants to get in the US in time to compete! The position TLRY is in is in part due to the decisions Simon has made so possibly he may also lack the experience required for MJ sector?
I agree the Molson deal is a shared investment in Truss I think, not a dime in Hexo but it does give them a supply deal for the venture for x amount of time I guess. Yes Irwin has experience but that doesnt mean he always makes the right decision or is in control of what decisions he can make. TLRY is in a do or die get into the US now or be left behind (thats the way I see it). Why? Money is drying up in Canada, investment money is now south of the border and is hard to raise in Canada. TLRY is in a difficult position they must dilute and that will cost current investors untill sales x shows the growth potential, it is what it is and that s the cost of gettting in early. Unfortunately retail investors do not likely have the long term horizon to hold nor do they have the interest to vote, that is part of my concern of a knee jerk reaction, Again it is what it is, heh yo never know we might get an irrational bounce! You just never know in this sector.
I can't comment on what Irwin might have done bettere or not we are where we are I am not on the inside to make a good call on that. I agree there is no better option than a "yes" vote and I agree the SP may test in the 12s. GTII is a well run MSO that I believe is still above the 200 daily so they have held up well even with todays correction....I'm not pulling the buy trigger on them yet as I have been wondering why they did not drift lower with the rest of the mso. My guess is the large private investor last month that propped it up. TRUL could be a risky bet with Kims husbands conviction wit the FBI, the rest are drifting like you say for the next catalyst but the money and finacing are available for them if they want it at around 8-10% average from what I have seen. My opinion is I don't think the MSO's or even CGC at this point will be held back much longer in the US. Its show time!