Australia's largest stock trading and investment forum Australia's #1 stock forum

MMJ

Click for more information

4.76%

11.0¢ mmj group holdings limited

I'm concerned JC might start trying to swing trade Aphria with...

First 4 Last

Share
Profile

Follow
Squizzed

679 Posts.

60

23/01/19

19:37

Post #: 37203955
Share

Originally posted by Limpopo1: ↑

I understand your logic and what your saying but considering also that labs is set you turn over a billion dollars in its first year trading on the tsx and given that a lot of other companies will be in a similar circumstance, why sell now? I see a capital raise as a reasonable option compared to selling current assets. I want to see the current investments grow whilst still being able to add new investments to the portfolio. The real pop hasn’t even begun yet.. 2-3x is definitely a fair and conservative target but when you see potential 10 baggers everywhere why not CR now and lock in massive SP growth and investment return later...when the wave does come you will have a very big kitty to invest with and no more CR’s will be needed

Expand

I'm concerned JC might start trying to swing trade Aphria with the funds or maybe take a punt with a few puts on Tilray.

Any shortfall from us will be made up by issuing new shares and unfortunately we've witnessed how good JC is at selling low.

This just feels like a capital raise because the CEO has a case of FOMO when he should just take a holiday and stop refreshing the TSX site

MMJ Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 7 more messages in this thread...

First 4 Last

Add MMJ (ASX) to my watchlist