Posted to the PYR board yesterday, in response to ThinkBig's rants here.
My basest premise.
The last sentence says it all: Let me tell you a story
In the summer of 2019, the publisher of a newsletter called me.
He asked me if I could write something for him.
Someone had given him my name.
He asked me to write about a company I wasn't familiar with, and I freely admitted to him that I wasn't, but I told him I'd look into it, and that if I fostered a strong opinion either way I'd write something for him for a small fee.
The company was called Canntrust.
At the time, it was the second biggest publicly traded cannabis marketer in the world by market cap.
The next day I went to the local library and researched it for 3 or 4 hours.
I didn't like it, and I felt strongly that way.
At the time, the company was only cap'd $2 billion.
I went on to write a piece that was published at 6:30 am on July 24th, 2019.
When the market opened 3 hours later that morning, the stock opened down $100 million in the company's market cap.
By noon the CEO was fired.
By 3:00 pm the Chairman resigned.
The stock went to zero.
The company no longer exists.
You're welcome to read the article I wrote.
Google "Whither Canntrust".
Be sure to spell "whither" correctly.
It was a play-on-words that connected the title to the last paragraph, but the editor messed it up with his intro.
I have no qualms about expressing my opinion about anything.