Another one to add to the list of holders who can not admit they are wrong. You have to admit when you are wrong sometimes and didnt get the best entry or choose the best company, this is the case, no need to start saying "manipulation" "big boys trying to get your shares" "tree shake" "weak hands" "big boys playing games" "
manipulation by bots" the anthem of every one who is wrong on hotcopper, now can add "the shorters have taken over hotcopper", its not the case, you can watch the sell orders go through and some people are selling out (probably the free shares management has given themselves and friends). Plain and simple.
Seeing all the support for CPH is not backed by any facts, yet to see any of these points raised by another poster rebuked ? No facts, holders are yet to reply and counter with facts to prove the following wrong?
- last year's loss of $33 million on revenue of less than $3 million
- they threw away more weed last year than they sold but never informed shareholders of it
- the dozens of prior initiatives that burned tonnes of cash and went nowhere
- the fact that the chairman has a vested interest in doing cap raises to directly benefit himself?
- the gross profit margin of only 6% last year
- Bruce Linton was supposed to light this thing on fire, but so far nothing.
- The fact that there are THOUSANDS of cannabis companies around the world all vying for the same markets, nearly all of which are well ahead of CPH.
Add onto this the AFR article yesterday that highlighted the payments CPH is paying the management and managements own companies, huge amounts that are seemingly a blatant conflict of interest.
CPH are losing more money every quarter, and not trending in the right direction (losses are getting bigger not smaller), the last quarter was the biggest loss of $6.3 million, of which $4.3 million went to staff and admin, so staff is paying themselves a majority of the cash, whilst they are not performing at all.
They are constantly diluting shareholders by issuing free shares & options, under the amount they need to get approval from shareholders for, and these free shares can then be dumped onto retail holders.
They have less than 3 quarters of cash left, so will need to do another capital raise soon, at a discounted price, again diluting holders and enriching themselves as lead managers.
Market cap is still way too high for what they have . Yet to see a holder with a bullish case legitmately address these issues.