Wonderful retest at panic selling yesterday. Found demand exactly at the diagonal.
That said, who remembers my bearish stance on $CGC, just 6 months ago, I predicted that we should wait for $CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise $2B.
How will investors react? Their market cap is ridiculous, don't think they are raising cash to buy assets. They need this money to survive.
That said, who remembers my bearish stance on $CGC, just 6 months ago, I predicted that we should wait for $CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise $2B.
How will investors react? Their market cap is ridiculous, don't think they are raising cash to buy assets. They need this money to survive.
Comment:
www.sec.gov/Archives...210132445_ex0501.htm
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