Canopy Growth To Consolidate Its Shares 10-To-1 | the deep dive
Even fuglier because the shareprice didn't factor by the 10 multiple that shareholders expect.
It seems that it just tanked to the preconsolidation price immediately.
Combine that with my 20 and 30 gets you 1 share of Acreage A and B fockover (because it didn't hit the minimum $5 shareprice) and this has me itching to go and oil up my gun.
I can only describe this as grand theft for the fact that since Constellation got on board they have systematically walked the value of Canopy, Acreage A and B and some of the brands with stupid moves that I am not even sure are legal.
They have gone about these business dealings, quietly and sytematically buying losers and worse yet overpaying for them. The constant share rollback for long term investors has separated us in huge strides from our equity while the news sunk in.
No surprise that Klein has exited left with his $40 million deal to tank all but the major shareholder STZ's and isolated that with complex and futuristic deals that have led to the birthing of CUSA as a holding company to vend in STZ's shares and a couple of the other brands they control.
What are the chances of this reversing will take sharesplits to regain all that was lost in the consolidations and in my case, those magnificent sharevalues that once were real and tradeable to a bunch of defunct or soon to be defunct companies with disgruntled shareholders with such a bad taste in their mouths as the realization that we have been had by a bunch of sharks, short on honour and integrity.
STZ showed up and changed the rules of the games while moving the goal posts to achieve certain failure resulting in honest investors being removed from their investment dollars.
There ought to be laws and penalties commensurate with this type of dastardly dealing by wolves in sheep's clothing.
Eastern businesspeople embrace "saving face" sometimes with harsh detriment to self for violating trust and being wrong, up to and including suicide to make things right for their survivors.
These STZ guys can't even build a case for fairly representing the shareholders of good faith to build and grow a company but instead went straight for the conversion with deals that should never have been written.
This should be the primary case for changing Securities laws for North American Stock Markets. I used to think that shortselling was the biggest problem that has become business as normal but now I know that reverse splits are more deceitful to remove investors from their investments.
Forget the Cartels Trump. They are rank amateurs to banksters and marketmakers.
What penalty for this type of behavior is satisfactory for the damage they do to millions of shareholders?
I'm listening!