Post by
Starsearcher80 on Feb 14, 2022 6:14pm
SO TELL ME HOW THIS WORKS
So let's see.
1) We've got the CFO saying that profitability in Canada may not happen. This, in and of itself, is the most damning thing I've heard from Canopy. Now I've been saying this for several months now, but here is the EXACT same thing from the CFO??
2) So last quarter the burn rate was well over $500million. So that puts Canopy bankrupt in a little over 2 more quarters.
Question: HOW DOES CANOPY SURVIVE??
1) Could it be via the States?? Nope. That won't happen now probably for years, and certainly not on Biden's watch. And with midterms coming up and Dems losing control of the House, that seals the deal that it will not happen.
2) Could it be via a share offering? Hmmm, they could delay the inevitable. But at what cost? First of all the dillution would be massive. Secondly, who wants to buy a company that could be facing bankruptcy? So to make the offering even remotely attractive, they'll have to massively drop the price of the offering. Well guess what happens then? The share price drops to that same valuation too. Not to mention the easiest short game in town. Short the Hell out of the stock, and have a guaranteed cover with your bought shares from the offering, i.e., you don't have to go to market to cover.
So all in, while this does stall things for a quarter...maybe 2 quarters, you're right back buring cash and chasing rainbows that just aren't there. Canopy's latest is "we're going after the Craft market". Sure you are. Just like every other market you went after, and failed. Niche markets are for small companies that are agile and can make a craft product. Canopy is a big company trying to now play the niche game? That is a doomed strategy.
In conclusion:
So the only question really is, does Canopy fail quickly...or less quickly? This stock remains a short's dream. There's plenty of blood in the water, and the sharks are circling. Just a matter of time now.
And finally, to the Clowns. How come not even one of you has offered any rebuttal to what the CFO said? I know... I know. She knows nothing too. You're all wayyyy smarter than her and have far greater insight...right? ;)
Comment by
dragshot on Feb 15, 2022 7:57am
And now we wait for Newbie420's deflection. lol
Comment by
Newbie420 on Feb 15, 2022 9:44am
This post has been removed in accordance with Community Policy
Comment by
Newbie420 on Feb 15, 2022 9:42am
Want to know who this starsearcher character is? Read the following and see if he checks all the boxes. https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/
Comment by
Doubleeagles on Feb 15, 2022 12:23pm
Can we all assume you are short Canopy Growth? Are you on record as being short the shares? Otherwise I just can't fathom your daily motivation of monitoring this board? There are some bright Clowns on this board that have very large positions including my self in the 100's of thousands.
Comment by
Newbie420 on Feb 15, 2022 9:24pm
Want to know who this starsearcher character is? Read the following and see if he checks all the boxes. . https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/ .
Comment by
Newbie420 on Feb 16, 2022 9:22am
Want to know who this starsearcher character is? Read the following and see if he checks all the boxes. . https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/ .
Comment by
Newbie420 on Feb 15, 2022 12:20am
Want to know who this starsearcher character is. Read the following and see if he checks all the boxes. https://www.reddit.com/r/Superstonk/comments/mkos3f/analysis_research_of_paid_stock_bashers_same/