Post by
mrmomo on May 25, 2023 8:39am
The dreaded Friday Night release?
Well folks..............NO NEWS, indication or inkling of Canopy releasing their Q4/annuals today. But it could very well be Friday AFTER market closing. Why do i say this? Because i'm assuming here that the financials & the news that comes along with it will be VERY bad AND bad tidings like that are usually mitigated by mgmt. Mitigated, misdirected & deflected in every way they possibly can. And one of those "very effective" ways is to release AFTER the market closes on a Friday before a VERY LONG weekened. So people either completely forget about it or have ample time to process the unexpected & horrible developments, if there are any in there tothink about & process.
So what is most likely here? A release today after market close? A dreaded Fiday morning or worse after market close release? Or is the company going to publish as last year nad push this to the last minute on the very last day of the month? Because Monday is a holiday so they'll have no choice but to release on prime time days of either Tuesday the 30th or Wed the 31st. So which will it be? Well, my guess would be that since i believe the news WILL BE awful, and i mean awfully bad, mgmt will want to hide it as much as possible. And that my dear friends, is NOT by releasing today during trading or when folks come back happy, recouperating from partying & drinking AFTER a long weekend in the prime time spotlight........which is Tuesday, Wed, & Thursday.
So therefore, i must conclude the probability is VERY high for a release Friday, most likely AFTER market closing. To give an idea how bad the news is, just think about this in terms of WHEN they release it .....just how bad it could be. The best case, would be the 30th or 31st next week, after that the 2nd best is today before or during trading hours. Worse than those two release dates is a Thursday after market release, which is just as bad as Friday release BUT not as bad as the most possible worse scenario which is Friday AFTER market LATE night release in the wee hours when everyone is either off partying or sleeping in their comfy beds dreaming of only good things....LMAO.
Which one do you think Canopy mgmt is most likely to do......?
GLTA
Comment by
HighTime20 on May 25, 2023 11:20am
They fired everyone. There is no one left to prepare the financial statements!