RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Budd and CaneThank you for this as well. Things are so convoluted that it is nice to be reminded of the differences in SAFE and MORE. Sadly, the USA infrastructure bill is a demoralizing reminder of how fragmented politics can be. It was a mistake to think the political process would be anything other than a bureacratic journey though administrative obstructionism.
hevin wrote: The safe banking act only lets US cannabis companies get decent loans from Banks and use credit cards in their facilities because currently they can only deal in cash apparently which makes them ripe for being robbed. This really won't have any effect on the Canadian companies as marijuana would still be illegal in the US At the federal level. I think what you're thinking about is the more act which will decriminalize marijuana but it likely won't be passed because of b**** mcconnell.
skyplt wrote: My understanding was SAFE would allow LPs the opportunity to buy into MSOs as they would be federally legal. BTW, your insights are appreciated. We are all in this for the same reason and any shared info is worthwhile. Kindest Regards
hevin wrote: Skpilot: I'm sure I'm not the guy you want to answer the question but I do have a strong opinion about this. First I don't think the more act has any chance of passing the US till *itch McConnell dies. However I think the safe act will easily pass because of a number of reasons that you can Google. That being said when the safe act passes that'll uplift the whole cannabis sector until anyone intelligent realizes that it only will help the US msos and the US cannabis sector. But there should be a brief jump in the Canadian cannabis companies although the safe act really has no bearing upon them at all in the short run. Hopefully that helps until momo joda gets back to you...
skyplt wrote: It's raining outside so I am lingering. I have respect for your insights, so will ask for you to dream in technicolour (Canadian spelling of colour) for a moment. If not for anything else, but just to make me feel good going into the weekend.
Let's say for some unexplained reason SAFE actually slips through on the defense spending bill. That would be a black swan event I think.
Would this incite a short covering event in the USA, and if so, what impact would it have on the share price rise? 10, 20, 30...percent?
Just spitballing.
skyplt wrote: Thank you for this insight momo. Indeed, I was focused on TSX but as you rightly suggest, USA numbers are more relevant.
I do not believe this is Tilray specific. My suspician (and please correct me if I am mistaken) is this is sector wide and based upon an underlying bet that USA will not get SAFE or MORE through in a timely manner.
Cheers.
CommonCentsforDollars wrote: Nope
. It is a full on short attack dude. You think like a Canadian and I don't mean that disrespectfully as I am Canadian. The reality is on the TSX side you are correct and the majority of the short position has been covered.
Thank you to the Shorty Canadians that have covered.
The American blood hound Shorts haven't covered !!! 38.89 Million shares need to get covered. That is a TONNE of shares that they
need to change hands on. Shake someone out and cover. A huge amount of Covering /= Buying that needs to come into the fold to close off that giant short position.
TLRY Nasdaq ( 38.96M shares short last month - basically unchanged )
| Shares Short (Oct 15, 2021) 4 | 38.89M |
TLRY TSX ( down significantly from the 7.38Million shares last month )
| Shares Short (Oct 15, 2021) 4 | 765.07k |
eom
momo
skyplt wrote: I am in alignment with all your points, except the 'short attack' one.
I do not believe shorts are behind this stagant price. We are still trading above the 12.35CDN low for some time now. I would tend to think any short who had negotiated a price of 13.50CDN or higher would have taken their profit rather than pay interest on borrowed shares while we linger in the 12.70 to 13CDN range.
In my view, the entire sector has fallen out of favour with retail investors and now these LPs are going to have to show they are a viable entity while we wait for the USA to sort themselves. I remain invested in Tilray as their numbers are okay. Not stellar, but okay. I sure would like to see their market share in Canada rise. I am also in alignment with the various inititiaves the CEO has taken, but like most, think his compensation was unreasonable and somewhat tone deaf to the share price of late.
Bottom line...we all have to make our own decisions on whether to buy, hold, or sell. My sell orders are in the low 20s. I am hopeful these will fill within the next 6 to 12 months. Those sell orders used to be set in the low 30s, but these last six months have taken the wind out of my sails on that hope.
CaneIsAbel wrote: What's hurting us today is not the fundamentals of the company. Remember we just inked another deal in Europe. Sure it's only a population of one million but never the less the implications are Tilray is a trusted brand in the European Union a potential billion dollar market short term. Chuck shumer saying he will turn down the safe banking act unless it's included in a more comprehensive legalization package really gave the shirts the ammunition that congress was never going to act on anything. The stalling of federal legalization has played itself out very extensively especially on Tilray where as a global company and growth prospects shouldn't be as effected. Never the less we are lumped in with all of cannabis. Irwin Simons bonus packages were to retain his services until the end of 2022. They won't be recurring! We have far more synergies that will be realized and we're gaining market share in Canada. We are hitting all the right notes the bearish trend is from an orchestrated short attack that won't last much longer on my opinion