Post by
geodcan on Sep 22, 2023 4:45pm
Black Monday is coming!
At least for Canopy because I am convinced that this proposed consolidation of shares is coming.
I voted my shares against but Constellation being the major shareholder will cancel my votes pretty quick.
Other large players, especially US MSOs have held their upticks but we have Klein talking out of both sides of his mouth telling us about everything he is doing to cut losses and stop the financial drain on the bank account but in the same breath, pulling off this consolidation proposal.
I have never been caught up in a consolidation that benefited me in any way, so who is he doing this for???
Lenders get first shot at assets and preferred shareholders get the second shot and that pretty much cleans the slate.
There will be a pile of bankrupt shareholders of Canopy and Acreage wandering around in a daze but the STZ shareholders will give Klein golden boy status and bonus money, I am sure.
Sadly the stock market has deteriorated to being an acquisitors playground with deep pockets manipulating shareprice of companies to profit from them or destroy them.
The price of Canopy has been orchestrated down by marketmakers and imho, our own management has taken sides but not honouring and representing existing shareholders. They have their eyes on the bigger prize which will be a leaned out version of the powerhouse we once were but with all of the potential and profits being diverted to STZ shareholders with management saying that it is too bad we couldn't save Canopy but take a look at us now. We think we can run this back to it's former glory.
There oughta be laws to go after the marketmakers, an ombudsmen to protect shareholders investments when our management switches teams in the middle of the game and starts making bad calls for a major player with all of that potential.
Black Monday, bring your hotdogs for when they burn this down with the consolidation and get used to the hotdogs because you won't be able to buy steak for awhile.
The stock market shenanigans that have permeated one of the last sources of funding for a lot of companies is deserving of an uprising by fackedover shareholders to force changes for fairness and to prevent the shortsellers with deep pockets from destroying companies of potential with insider practices.
I trained a guy once that was convinced that somebody should shoot a politician and a lawyer and you can throw in a securites watchdog, just to keep them honest.
Where did the integrity go? The true blue companies are getting few and far between.
glta and dyodd
Comment by
Traderstock101 on Sep 25, 2023 8:48am
Yes it's going to be a real BLACK Monday for WEED and CGC and it's going to crash towards 0.50¢ CDN for WEED and towards 0.37¢ US for CGC