RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canopy to Report Debt Free ???caretired1 wrote: My point is they issued at 42 cents when only a few months prior they issued at 1.09 - this is a bad trend and sign in my mind - but not in yours. To me this tips risk reward to risk.
I am sorry but your view in incorrect. Pull up the News Release and point out where they state 42 cents, they don't do they. It's around $4.29 USD, right. The News Release doesn't make any mention of the pre-consolidation number nor will any news outlet make any mention of a pre-consolidation number. Take a look over the historical price charts, they are all higher now than before, correct.
Once a consolidation occurs
EVERYTHING post-consolidation is done on the post-consolidation basis.
There is no one walking around WallStreet quoting the price of shares in Pre-Consolidation Numbers. None of the charting tools you use have any way of showing pre-consolidation number do they. This is all because it doesn't matter. The price of shares today is the price displayed on the screen at any given moment.