One last call before the guillotine...........Comes crashing down and chops the head off completely. Now.....i don't KNOW 100% wth will happen on June 23, 2023. But just the fact it's a Friday and both the day and year have the EXACT same numbers, should be enough to scare the bejesus out of even the most optimistic cheerleaders/shareholders of the company. BUT i will try to help those suffering here once more......
I DO NOT know exactly what surprises the company holds/hides for s/h on that day, but i can speculate (as i have been doing for the last 4 years and doing so with almost 100% accuracy!) somewhat within reason, and what i do know is the following. IT CANT BE GOOD. Or the odds are very high it will be disappointing news for holders of the company's equity. So once again, i will offer Canopy shareholders a way out, an exit, an alternative option to save whatever little money you have left here.....like i did so when Canopy was over $3cdn back in January-Feb.
Back then, i said sell WEED/CGC, for the upteenth time, and either go into cash or take my alternative rec'd. At the very least, back then, if you weren't interested in my option, you should have sold out completely and gone 100% cash. But if took my advice to sell Canopy & BUY Pipestone.......you would be in a far better posittion if you didnt. Both companies were aproximately $3 cdn, with Canopy being even a little more than Pipe. Fast forward about 5 months, and now Canopy is bruised & battered to a mere 0.80 cdn and Pipestone, though not doing much either, still holding strong at those same levels when rec'd. And you'd be collecting a small divvy to boot!
Now THAT opportunity has come......& gone. BUT fear not my Canopy brethern, i have ONE LAST solution for beore the end comes! But since Canopy is now simply a penny play, the risks for you to recover your money has incereased AND the options you have .....have decreased. But fear not! Mrmomo is here to help you.......My rec'd now is that you'll have to delve into the micro plays to help you recover the losses suffered with Canopy, because you've lost ALL leverage you had while Canopy stock was still worth something. So in order for you to maintain that leverage, you need to switch to something which gives you the SAME or greater amount of shares. And with this comes greater risk than what you had with Pipestone..
So My rec'd is this..... sell CGC/WEED .....before it goes into a consolidation phase or RS for the common layperson or worse .....it declares Chapter 11 or CCAA BK protection. Both these options should Canopy decide to choose one or the other......will TOTALLY wipe you out! My alternative? Sell Canopy and buy Standard Uranium (STND/STTDF) at 0.03! Now before you say i've lost my mind for you to switch from such a "aluded" Canopy to a totally speculative microcap like Standard U, think about the following before you judge or decide.......Was i wrong when i did so with Pipestone in Jan-Feb? And let's be honest here, Canopy is now a highly penny stock itself and carries the same risks as STND. Imho, you probably have a lot MORE risk with Canopy at 0.60 us than STND at 3 pennies! Because STND doesn't have over $1B of debt on the verge of BK!
If you are thinking about it, and cosindering it, don't take too much time to decide, because time is running out on both ends. You have until June 22 to sell Canopy AND i don't know how much longer you have to pick up STND this low at 3 pennies......As i'm sure i'm NOT the only savvy investors who knows about this undervalued gem. And think about this, you'll have at least 15X the amount of shares with STND than you have now with the floundering Canopy. Isn't that worth something?.......AND.....you'll at least have a much better chance double your money from here in a short period than with Canopy......which in my mind in on its way to some form of BK
GLTA