Post by
PUNJABI on Mar 14, 2022 1:30pm
New low and more to come
The entire sector is not investable and is a falling knife. With interest increase, any sector that is burning cash will decline further.
Hard to make a case for this company anymore when they are going to massively dilute the stock at all-time lows. The company has no regard for long-term or existing shareholders. Now new investors will be reluctant to invest in this stock because of management credibly.
You cannot call the bottom on this stock till the company is done selling at ATM. As the share price drops they will be forced to issue more shares which will result in a bigger dilution. ATM will cause huge destruction of the share price. The management threw the exiting shareholders under the bus.
Why would anyone buy shares at these prices when you expect a better price down the road. After the Hexo deal and announcement of ATM dilution program, there is no difference between this company and other companies in the sector except that this is one of the few companies that will survive. There will be quite a few other companies that will be liquidated. Big glut in the market and competition where most are all selling products below cost @ huge discount which is not sustainable. . TLRY should have allowed Hexo to go bankrupt and then buy the assets for pennies on a $.
TLRY is destroying its shareholders and stock price and will not be in a position to take advantage of other opportunities that may arise in the future.
Comment by
bonhomme16 on Mar 14, 2022 6:54pm
The CEO seems to know how to fill is pocket. I'm I mistakem?
Comment by
crappot on Mar 16, 2022 4:46pm
YOU GOT THAT RIGHT DARLING, WOULD YOU LIKE A MASAGE? I WILL KICK YOUR A SS ALL NIGHT!