Auxly Cannabis Group Inc T.XLY

From the latest balance sheet on Sept 30th 22

[stockshack]

Shareholders equity - 101m
Shares out standing - 901m
101/901=.11/share

[UniqueKitty]

It's worse than that.  Shareholder equity has dropped by at least another C$20 million over the last 6 months due to depreciation of all holdings bearing only on shareholders equity. Debentures don't suffer from the ravages of time. They just get better looking as they mature.  lol In Auxly's case 60% of the business is locked up in cal lateral against loans and

[stockshack]

Shareholder equity is nothing more than a arbitary number. In a sale the shareholders will get 0.

[settoretire]

Exactly what I'm saying.... blood from a stone....

[SCQuin]

Kitty, any idea what to expect from the next ER? There don't seem to be any way forward without material financial restructuring. 

[UniqueKitty]

Without so much as a peep from management in over 4 months other than to slap shareholder with crippling dilution, I don't anticipate anything positive. Crikey, the way they've botched the ramp up of pre-rolls I wouldn't be surprised to see them miss the filing date and issue an MCTO. To date I have come to expect one thing from Auxly's  ER's as an Auxly shareholder

[stockshack]

Bloody Hell

[SCQuin]

https://m.youtube.com/watch?v=UNb6PcAJxoM Listen to Trudeau talk about the government intent with legalization of cannabis. The nerve!! This is where the class-action should focus.

[UniqueKitty]

Cannabis referenced at 1:12:30 of the video posted by SCQuin. Trudeau seems no overly concerned about the imminent collapse of the industry. It's like..., -Oops. We kinda had tunnel vision on this one.  Oh well. Maybe? Hmmm... whatever. Good luck with that.- Cannabis, an industry orphaned by the very government that created it.  That is some seriously irresponsible shyte!