RE:RE:Recent Voting ResultsThat's a pretty verbose post, I hear your frustration. In terms of what Canopy is doing and in relation to how well the CEO is conveying it then I would agree, he's not doing the job well. Klien is aiming for a lean operation and to drive out cost as well as risk, he is doing that and the reports show it. Is he getting the message across to the Market? I wouldn't say so if I were to judge it by the shareprice.
I commented on this before and I don't mind repeating it as it is simply my opinion (and to each their own). I think Shareholders would benefit from a new CEO being put in place. One can be an excellent manager of a business but if you don't understand what the market / shareholders want to see then the markets are going to beat your shares down. The CEO should (IMHO) being doing more to get Canopy Growth into the news in a big positive way to attract new buyers for the shares. Another CEO could literally come in and just start issuing press releases on the companies progress and pop the price of shares up, Kermit the Frog could pull that off. If Constellation Brands does indeed take over Canopy Growth (another possibility) then again, Klien is essentially replaced regardless.
If we get the Safe Banking ACT passed tomorrow then it's all likely a mute point. Those holding shares will "all of a sudden" be less inclined to sell those shares and those under contract to buy, and those looking to start Long positions are going to be seeking shares.
I trust everyone understands what happens when there are more buyers than sellers for anything and everything, right? ( Supply vs Demand... Economics 101 ).
Regardless of all this I am opting to stick around on this one. I think Cannabis is going to make some sort of positive moves going into the US Election (at the latest) and I don't mind waiting it out.
Best Regards
Q