CGB 0.00% 2.1¢ cann global limited

Court Update November 28th 2022 Medcan v CGB, page-236

  1. 3,013 Posts.
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    "Regarding optics, well that is a different story, and Retailers are often the noisiest about it if their money is tied up. CGB has failed miserably over the past few years, unfortunately. Pennies can be driven into the ground if Retailers hate a stock through the power of SM, just as some can be pumped if circumstances of business dealings do not match Ann's out the door. ASIC is often on to those guys, as we have seen in Reddit, and in some cases here on HotCopper."

    WD, I will add a further note to clarify this.

    Over the past few years, through observing commentary across SM, the contrarian viewpoint has had a stronger voice as stock prices have fallen, and if we take CGB, for example, then their comments, purely on results, and performance, have been correct; that cannot be argued; but I think when it comes to reality, as a poster pointed out about rose coloured glasses, is the difficulty posed, when a negative narrative takes on a life of its own, and from observation again, it appears, based on market results, that "blinders" are put on when commenting.

    Yes, posters accurately discuss, comment or question the failing share price or failure of deals but the difficulty here is, IMO, when many of these posts containing comments/criticism are not in proper context regarding the performance of the market itself, external events, failure of regulatory investigations to find improprieties or the performance of a whole sector going through the same operating pains. The minority voices appear to have the biggest say. That is where many of us (M&D investors) can lose money, big money when we don't do our own research but rely upon commentary from sometimes genuine people when making investment choices. "A general comment across the whole market."

    It is certainly something to chew on though.
 
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