I remember at the very beginning of legalization after Trudeau got elected, I thought this company had potential. I examined them closely but decided to sell them at $0.42 because I did not like their management. Sure enough, shortly after the stock rose to 1.00 then 2.00 and so forth. I had already moved onto Canopy, Organigram, and Aphria. And I will say this, not a single day has gone by that I have ever felt the slightest amount of remorse for selling Aurora. Their management pump and dumped scheme inflated their stock on expansion plans that were way too big and unsustainable. The expansion came at extreme dilution to a company that had no proven record. The company should have gone bust as soon as they tried to do this but they opportunistically rode the hype wave of legalization, and worse yet, were able to reward themselves millions. As I realized years ago, their management was parasitic. If it was up to me, they should go to jail for profiteering, but anyone foolish enough to not practice due diligence also deserves to lose their money. I am sorry to say but this company will go bankrupt because it has no backbone. Their facilities will be bought by one of the few remaining players in the MJ space for pennies on the dollar, which brings me to the company's ultimate share price target - one cent. I am not trying to fear monger, I am not even shorting it, I am just cautioning NEW investors to stay away or else lose all your money.
You have been warned.
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Reverse Stock split messed up my projection. But like I expected there has been a massive short squeeze. Now the stock descends into oblivion.
I couldn't agree more. It took me a long time to realise that these people were liars, and I've lost a good deal of money on them. I was one to get caught up in the FOMO, without any prior investing experience. Fortunately, I like to do my homework, even though I did my research with my money riding a bear market. I managed to get out in time. I took a heavy hit, but with its peers also at intra year lows, I felt there wasn't much lost. I'm currently riding upward with assets with solid fundamentals, cash runways and results. I need my portfolio to double in value to break even. With the assets I have now, that shouldn't be a problem. Lesson learned!
It pains me to see that so many dreamers still think that ACB will be a big winner at some point. The momentum is fading, its peers have taken off, while ACB is left behind. Open your eyes. This asset is garbage.
backskreetbull
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Glad I got out in 2018.
CDNTrader88
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Too bad. You sold early.
OTM.Investments
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I put some in it. Not much. That's penny stocks for you. The fun of risk lol. Wish me luck. 😁 good analysis
whitter86
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@MajorLeagueTrader, just don't forget they are reverse splitting in may
OTM.Investments
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@whitter86, yeah I'm aware. I was going to buy USO before the split. I should of
FalconM89
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@MajorLeagueTrader, honestly its too risky to trade oil right now, and I'm saying that as a very risk friendly person. The oil ETFs have been messed up because of them re-balancing the distributions of the future contracts. HBU and HOU which are bull/bear oil ETFs in CAD were both in the red some days.... how can you win with ETFs behaving like that? Then you add in the random possibility of either oil spiraling down into the negative again and getting destroyed as a long, or Trump announcing tariffs and getting obliterated as a short. When neither the ETFs work, the political dimensions are impossible to time without insider info, and there's an on-going possibility of storage hitting over capacity, how can you expect to go into an oil trade and not expect to succeed strictly based on luck?
OTM.Investments
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@FalconM89, idk man if you scroll my feed their has been some really good plays on oil and my system shows them clear. I'm focused on the 20$ as we approach it as Resistance.
Is it volatile right now, yes.
Is it risky, yes.
Still their is opportunity. USO would of been some profits.
Not as risky as my penny stock portfolio lol
FalconM89
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@whitter86, reverse stock splits might attract more dumb money but its only a matter of time before any remaining smart money takes their profits and/or start shorting it. Such a move doesn't change company fundamentals. If the company was solid, they wouldn't be so deeply in the red and on the verge of getting de-listed.
backskreetbull
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@FalconM89, If the company was solid there would be no need for a share split if management knew how to manage, they will slowly sell there assets for pennies on the dollar.
It pains me to see that so many dreamers still think that ACB will be a big winner at some point. The momentum is fading, its peers have taken off, while ACB is left behind. Open your eyes. This asset is garbage.