Kipper - do you not think that the guys who bought it when it hit the lowest price point in the 90c range are not going to sell out immediately now it has hit 1.04?
Would it not be likely that banking a quick profit would be their plan?
The risks with the (ultra) short cash runway and lack of planning permit and construction funding make the risk of near term death too high.
Cannacord jumped in on Friday to save the stock from totally
imploding on Friday.
However, until CAN management confirm that Aurora are not selling their 22.9% share on market which appears to be the most likely explanation for such a rapid decline, I think we have to assume the general trend will continue to be downwards.
The Arrogance of CAN Management, page-13
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