TSXV:NDVA.H - Post by User
Post by
geodcanon Jun 12, 2024 4:30pm
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Post# 36085680
I daresay that this has
I daresay that this hasSTZ/Canopy written all over it.
As a long term shareholder of Canopy, Acreage and catching a falling knife with NDVA with a decent outlay, I have seen this winner take all tactic for all 3 of them.
STZ/Constellation took the wheel at Canopy after bolstering the value with a hugely generous outlay but quickly implemented a true bean counter attitude to explain why it was overvalued.
Their follow up purchases were done at bargain basement prices and because Canopy was an industry leader, I believe that their nrs contributed to it's downfall in value.
No more dreamworld pricing like in the Bruce Linton days.
The Canopy/Acreage deal that they have stated they are going to complete got gutted because of the declining estimated value as STZ's businesssense led to the assessed value dropping from $4 billion to $38 million.
STZ are hardcore and not opposed to marketmaking their interests in various companies down to critical levels while crying doom and gloom but also taking advantage of hugely discounted sharevalues.
Sadly, all of the stars and planets are currently aligned with their stories of no value here but they continue to invest in either cheap shares or as lenders.
One of the biggest business moves they use is consolidations that snowball the shareprice decline.
They popped that one on to Canopy at 1 for 10 which enabled them to re-visit the Acreage deal that already had a 2 and 3 for one consoldiation to a 20 to 30 consolidation, effectively screwing long term shareholders out of any upside they felt they had.
They continue to badmouth pot investments but also continue to take stakes in the newly leaned out companies at bargain basement prices or loans on the books that can't be satisfied.
I have been very vocal about my beliefs that shortselling should be outlawed because it is like giving a good stock the death penalty when it could have been viable and profitable without being ganged up on by big money.
Selling stock you don't own is wrong imho and sadly it is just one more investment vehicle introduced by brokers and bankers that only benefits them.
It does nothing for the small shareholder or the fledgling company that is trying to get traction to viability.
Write your parliamentarian, securities branch and anybody that will listen or it will never change.
It could destroy altogether this valuable resource of financing for companies that can't raise money in regular venues.