FSD Requiem
For every buyer there is a seller
Fair enough, normally.
Unless it isn’t fair.
And it wasn’t
The seller made out like a bandit-as the price near the peak was around 240 today.
BUT
In this case it has been alleged there was misrepresentation and FSD went on to settle a class action lawsuit for 5.5 million in which misrepresentation regarding the buildout and Auxuly partnership was alleged
https://www.mondaq.com/canada/securities/986656/context-is-everything-miller-v-fsd-pharma-incb
This was imo dishonest and people lost believing in something that wasn’t real: about this being “the world's largest cannabis indoor hydroponic grow operation”
, growing the highest quality cannabis, of distribution centres, stores, side ventures…
Of quiet periods, sales that were stated publically to be next quarter...
But the buildout was misrepresented, they didn’t sell an ounce, and a supposed billion dollar company became worth pennies on the dollar.
Failure to execute with subsequent initiatives and transition to “pharma” with PEA in clinical trials of GI or COVID.
Ongoing Poor capital allocation with Losses in partnerships such as Clover Cannastrip Thin Film Technologies Corp. (“Clover”), growing algae from weed...
Yet…. Rewards continued to Certain FSD directors:
“For the three and six months ended June 30, 2021, share-based payments expense was $3,020,647 and $6,853,171, respectively, compared to $364,080 and $2,668,332 for the comparative periods in the prior year. This represents an increase of $2,656,567 or 730% for the three months ended June 30, 2021, and an increase of $4,184,849 or 157% for the six months ended June 30, 2021, compared to the equivalent periods in the prior year.”source MD&A Sedar.com)
EVEN WHILE THIS WAS COLLAPSING! And shareholder were being stripped of hard earned money
If you read back you willl see that I called it out because I saw it,
I saw it with the numbers, and seeing through the smoke.
I was criticized, called many names.
I never shorted a single share.
I can take the abuse.
What I cant do is watch innocent people be misled by promoters on a board like this
With stories, fabrications and in some cases lies.
Where is mouse, Nietspiel, let’s talk stocks, wild one,Moneytalk7, and even the “folksy” old dog now?
I wont be here much but I will be here when I can, when it counts to remind new investors I am here to remind you why like Alannis says, Of the …
So they don’t do it again.
Telll more stories, pivot to a new narrative, from growing weed, to medical, to selling PEA, to psychedelics, to whatever new story is spun...
I will shine a light on the facts, not make things up, just to remind, and examine the story and data.
As always
Those who continue this charade are in my view trying to convince people, take hard earned money, with a fantasy.
This is wrong and you should be ashamed
And remember I am not certified financial planner, nor is this advice to buy or sell.
Just ny opinion.
It is recommended you consult a qualified financial professional before making decisions to buy or sell.
Do your own due diligence
and as always, Caveat Emptor
There are "folks" out there who deceive
G