RE:THE PATH FROM HERE FOR THE BAGHOLDERSI just brought you off the mountain for a quick min. Great points as always, lol.
1- Canopy has 2B in the bank
2- The word is legislation
3- When Canopy dilutes next, and I hope its soon, its to issue shares for acreage
4- The only fear I sense today, is you and others trying to convice not buy into the short
5- Here's the most important one, no one cares what you yap.
6- Where'd Lou go? Did he get let go?
7- Why's AC not at $ 30?.
8- Thanks for the shares today. I'll revisit you in the new year.
Starsearcher80 wrote: For those Clowns still clinging to "the dream", let me explain to you where things go from here. It ain't pretty.
1) Canopy has a major cash burn problem. Essentially, they're like the baseball player who swings for the fence, but ends up striking out. I'll e charitable and call it admirable, but this was only a winning proposition IF the U.S. legalized. THAT, and ONLY that was the Holy Grail that Canopy was betting on. Unfortunately, they have lost that bet.
2) So smark money sees that this U.S. legalization is NOT going to happen any time soon (as in years), and they take their exit. This has been happening the past few months. This of course drives the price down, and it now puts Canopy in a very precarious position.
3). Canopy is going to have to do a raise. But they now face pretty awful dillution doing it now with the price so dismal. Whatevwr they set the price at will be lower still, and with U.S. legalization just a far-off pipe dream, the price setting will be even lower and the dillution even bigger.
4). This is the dream sceanrio for shorts. No doubt they smell blood, and will drive the short position even higher, and thus, the price even lower. It's like a bad snowball that only gets bigger in the worst ways, essentially eroding the share price even further, if not even more dramatically.
5). Other smart money, seeing this scenario is now being tee'd up, will also take their exit, rather than be smacked by an oncoming freight train. This of course adds to the selling pressure.
Imho, this share price will be going SIGINFICANTLY lower still. Add in that the whole market is showing clear signs of getting wobbly, and the potential for a breath-taking drop is all but locked in.
Now, if you're good loosing another 10%/20%/30% carry on. Some of you here are clearly in to losing money. ;)