RE:RE:RE:MSOSSadly, for shareholders of Canopy and Acreage, this is the best example of why shortselling should be outlawed.
Shortselling is just another investment tactic that is very profitable or costly for those involved.
The investor who has no idea that his shares have been lent out to deep pocket individuals that are going to live and breathe that the company is a nightmare in the hopes to scare rightfull shareholders in to dumping their shares so shortsellers can reap the benefit.
The potential of Canopy far outweighs the shareprice but them that hold the controlling shares implemented the worst financial move that can happen to a companies shareprice which is the reverse split of one for ten shares.
I was raised with enough integrity and understanding to know that you don't sell shares that aren't yours because it is tantamount to stealing.
I see posts of people that authorize their broker to lend their shares for the purpose of shorts purchasing them for a fee and interest. I need to find a broker that does that for my shares if we are going to continue on with this business killing practice.
Short selling destroys businesses of potential and Team Klein piling on with negative stories and gutting the value to longterm shareholders with their consolidation of shares could kill Canopy too.
Canopy needs to deliver their grandiose plan of pulling this altogether by rto'ing Acreage with Canopy and their second plan to vend it all in to a holding company CUSA so they can get to doing business in the US with all of the brands and bricks and mortar tha we have retained.
Getting shortselling outlawed is going to be more difficult than getting full Federal pot legalization in the US because brokers and bankers and big money know how profitable it is and will go down fighting.
The fact that securities even managed to introduce this as a workable investment vehicle suggests that securities people may be benefitting too.
The pen is mightier than the sword so let the guy that wants your vote know that shortselling should be outlawed because it will take that to change the rules.
Interesting day politically at the Trump rally. Gonna dominate the news for quite awhile.