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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Ripped Off by Criminal Management here
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Post by 1Hornet on Apr 26, 2020 10:16am

Ripped Off by Criminal Management here

They set up a company and found it much more profitable to rip off investors with ATS manipulation and dilution of shares by granting options to themselves while skirting the law.
Comment by Barrhead on Apr 26, 2020 10:37am
IMO the writing is now on the wall a reverse split/consolidation on the way at about 50:1, and sold out before this last announcement. Management will survive as they have financing in place and have done their job as allowed by the regulatory authorities here in Canada. This should migrate the stock into the buck/two range where the ATS traders and shorters can make money again, and all the while ...more  
Comment by AUSTIN48 on Apr 26, 2020 11:33am
Hope you are wrong about a reverse split. The company has the same share float as HEXO and FIRE. Less float than Aurora and many others. The 71 mil shares at 7 cents is ludicrous,however,secured debt for 5 years gives them time to execute and get positive earnings. Still dead money until they can turn a profit. Totally disagree with the recent post about flower and veg business. It is going to ...more  
Comment by Barrhead on Apr 26, 2020 11:59am
Austin48:  From my perspective this company was on survival mode and doing not to bad with the upside in revenues, and they will need to try and keep their listing on the Toronto Exchange and usually means keeping the share price above $1.00 over the course of the business year or face delisting. From my read of the BOD and Directors on their webpage, they're all successful - albeit whose ...more  
Comment by ZFowler on Apr 26, 2020 12:43pm
That's a quick change of heart. What was it that made you change your mind. The issue of 70 million warrants? 
Comment by Barrhead on Apr 26, 2020 12:58pm
Time to move on after determining this company is on survival mode and will do what is necessary to see people employed to generate a profit, and look after the insiders/associates. Lack of shareholder respect by allowing the share price to lock in under 15 cents for undetermined length time, as you have indicated generous share/warrant giftings.  Good luck to all and all the best to ZENA and ...more  
Comment by ZFowler on Apr 26, 2020 1:14pm
Fair enough. I definitely see your side of things. I am hoping they have turned a new page with the board shake up, the reduction of costs and the debt being at least addressed. It is my belief that the market cap is far lower than it should be and with proper Q1 and Q2 execution, the price will be back above the 0.10 line during the summer. If Q1 and Q2 are more of the same from 2019, you' ...more  
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