Tilray Brands Inc TLRY

I know many will say it all works out the same

[CaneIsAbel]

However it did not. I'm looking and crunching my numbers and averages. The bank fumbled the transfer. They even took my adjusted average and gave it to me at a much higher average on my TSX holdings with less shares. When I do the Math, I need Tilray to be 23 plus to break even from my aphria purchases on the TsX not nasdaq. Some people will dispute me but I'm looking at my average and my numbers and it's a total mess on the TsX. I don't care what the banks say it was a scam to Canadians investors or some of us anyway they way it was handled and the way we were told. Being stuck a week only added to the abuse. None of this is the company's fault in anyway Tilray that is. It's just nothing adds up when I look and crunch my own numbers. Even on the phone the licensed traders have different excuses to why my average is a total mess. It's basically as if I bought Aphria at a higher price with far more dilution then the original 19.40 CaD I picked up most of these shares at prior to merger.

[Ronbromleygross]

That $23 price you mention there is exactly the figure I got when I did my own calculations on the breakeven price between my tsx cdn listed average cost if my states post conversion to Tilray.   Yeah something definitely got f'cked up here.  Makes no sense to me either.   I suppose I can call my broker on Monday to get their review and analysis of the conversion. Next

[CaneIsAbel]

Right?  This was a mess. Some people said it went smoothly others got the haircut by their broker. I took it to my accountant. My average on the shares are now 23 dollars CAD Tilray. I own less shares and less valuable shares at that by much larger margin then they should have been after a 15-20 percent pop.  Yes we took into account the depreciated value of the shares since merger

[Positivelive1]

Of course you own less shares- .83 - we all knew that!

[Shazam57]

I'll call TD as well. We will figure this out. I recommend trying to record the call.

[CaneIsAbel]

I would record but Cibc is an Indian call center. They don't speak English for the most part. I ain't being racist or anything it's not their fault it's Cibc fault. There's no clarity but definitely some banks did not handle the transfer properly. See what TD tells you and keep us informed. On the meantime have some money set aside maybe we daytrade the difference back but

[CaneIsAbel]

Clearly not everyone had the same issues on this board. My comments are for those of us who did with their broker like Ron and so on.  Either way Good long longs Tilray great new company and I have faith in Irwin Simon. I do caution though that Friday's intense rally most likely will cool down and volatility will return. When that happens maybe find a good price to take up another

[OhYaBaby]

My account was @@@t storm.  $3100 down from where I was even after Friday's recovery. My average is also 23-24 and I purchased the shares at 18-19 range Aphria. Ridiculous!   Something happened 

[Shazam57]

The conversion of american to canadin is 1.23. The conversion of canadian to american is .82. Try your calculations with .82 instead of the 1.23. I think that is where maybe their (the banks) mistake was.

[Ronbromleygross]

Hey CaneIsAbel  Was it you who mentioned you use CIBC investorsedge edge discount broker or was it someone else?   I use CIBC investors edge discount brokerage too which probably now explains how both you and I came to the same conclusion that $23 was the breakeven price on the new Tilray post adjusted merger price.  Oh well he sure to use the capital loss as a deduction on your

[CaneIsAbel]

Oh I agree. Nothing we really can do but stay long and get over it. I'm just addressing comments directed at me. Time to move forward. I asked my financial advisor at Cibc to conduct an investigation. I've decided to leave the firm and believe me they don't want that. Whatever response they give me I will let you know Ron. I agree however time to move on for now. Have a good weekend

[Shazam57]

Unless I'm missing something, I tend to agree with you there Cane. 

[Shazam57]

Time to look at the companies example of the equation.