Good cop - bad copIf you have decent financials, what's the strategy or thinking in releasing after hours? If you feel the number will justify a share price increase - what wait overnight t let things cool off?
For one thing, the numbers aren't as good as the paid promoters think (of course) - and no quinlash, you can't do proper research based on a company's own biased press releases (and you don't know how to read actual financials).
There was some improvment - debt is down, but the then that $400 million war chest in cash on hand and debentures is also gone.
Last year there was $1 BILLION in imapirments, this year despite showing $2billion in good will and an increase cannabis inventory - there were ZERO write downs - and that's not a fair and reasonable accounting. I think the $200 million Net Loss for the year should have been higher - Simple Simon will start expensing it over a longer time period instead.
As I told you many times, so called 'longs' would be dispaointed in the reality of Germany - of note is that the international cannabis sales actually DROPPED from previous periods. You guys couldnt stop talking about Germany - why so quiet tonight?
And Book Value?
Of the $4 billion listed in assets, $900 million is 'Intangible Assets' and $ 2 billion is Goodwill. That's $3 billion of no cash value - to be written off/expensed over time. Guys like quinlash inflate book value - dont be fooled by someoen posting a number that they have no idea about.
Personally, I'll wait until I read the MD&A for analysis - Tilray's financial reporting is purposely difficult and isn't done on a 'departmental' basis. For example, you'll find alocohol revenue - but not a breakdown by division (craft beer, hard liquor etc) - and teh same for international cannabis - how much exactly DID they sell in Germany?
But to my subject line - share price DID jump a bit tonight (if .13 USD is a big deal to you), seems like a good time to let some shoes drop with the negative news over the course of the week.