Post by
Jettthro on Dec 14, 2023 11:29am
Reverse Splir.
Reverse Split is obviously to continue having this stock shorted. A reverse split won't benefit shareholders. Only management and they're shorting team. Aurora did the same 3 years ago. From 50 cents, to (1-12 split) 6 dollars. Now shorted back to .60 cents. Or a nickle. Pre 1-12. Remember, Canopy Managemt can't make a cent if their stock goes up, (something to keep in mind) they can't sell they're shares. But yes, they can profit from having them shorted. For every 2 tenths of a cent they make shorting, share holders lose 1 dollar. Which is basically, 2 cents per 10 dollars, 20 cents per hundred, 2 dollars per thousand. 20 dollars per 10,000, 200 dollars per 100,000. Just think, for every 100,000 dollars shareholders lose, Canopy Growth and shorting teem, can take family of 4 out for a nice dinner!! etc.