Tilray Brands Inc TLRY

Another runup

[Ghostinthedark]

And selloff, after TLRY mgt wants to issue more shares and dilute the sp.

After hearing this bad news, I sold at $23,50, and holding only 50 shares.

TLRY's share price looks to have topped out at $23.80

so that is resistance.

and today's low will be the new support.

We are in another downtrend...

TLRY is a highly manipulated stock---as smart money runs up the sp and then shorts it---like today.

The question now: Where is the bottom?

If we look at the daily chart, the stock bottomed at $20.2 or so last week 

and the was runup to today's high--then dumped on bearish news.

So I would not even consider buying until that price----falls under $20.50.

But WTF do I know---I am just looking at a chart-----identifying high share price and low share price on the daily time frame...

TLRY is trading in a range.

Stock will close near the low of day, so expect a lower high share price and lower low share price tomorrow.

It's all a game, like playing the slots in a casino.

[CommonCentsforDollars]

I expect IS has his eye on some assets, but the dilution they are talking about seems rather excessive. Hopefully his eyes have not gotten too big. Took some Calls and some shares off the table before the market reaction came. Max Pain was displaying $17.50 USD yesterday but has now changed to $18 USD for Fridays expiry.Not sure what to think about that. I will look to re-enter what I sold

[CommonCentsforDollars]

The whine meter said yup. Time to re-load what I trimmed off a week or so ago. Just re-loaded $16.80 shares and a round of Calls. eom momo

[Relaxrelax]

Weird letter to shareholders, it doesn't even state the amount of new shares they want to issue.

[CommonCentsforDollars]

They buried it in the "Forward looking Statements" at the bottom. Take a look again. However the NR doesn't provide too much clairty when they also state: this proposal would authorize additional shares of our common stock so that we can move quickly to accelerate growth through potential acquisition and financing opportunities. Importantly, approval does not mean that the

[wideopenthrottl]

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[CommonCentsforDollars]

In the past, this company has not required shareholders approval to issue shares. We read about it when they issue new shares, or we read about when they get an ATM prepped. This time they are requesting to issue a greater amount of shares than 20% of currently issued and outstanding. Nasdaq regulations requires shareholder approval this time because of exceeding that threshold. Getting approval