Post by
prested on Sep 21, 2020 4:52pm
This degree of pessimism is hard to understand
Considering that 3 days the quarterly figures will be known, I find it hard to understand why the current price reflects such pessimism. I am not aware of any reason to suppose that there will anything but good news. Maybe even great news. Much may depend on guideance and the projection of when the company will reach profitability. Am I missing something?
Comment by
PeterC90 on Sep 21, 2020 5:54pm
Only concern I can think of is if their cash position. Haven't announced a raise yet so not sure if that's a good sign or not
Comment by
Method on Sep 21, 2020 7:00pm
Maybe they will do a rights issue backed by LIUNA? It's one of the few Cannabis companies with a big shareholder with deep pockets who could backstop a rights issue. I own the WMD.DB which is trading at an elevated YTM to say the least. Any sort of raise would be great news.