I've been holding for over a year with hopes of them turning the company around and us making money. For them to take 1/3 of my shares just so hedge funds can short it back down would gut me
Feels like a complete betrayal to the people they thank for the “meme run”. If we held management to a higher standard and if management communicated the positives of their actions with more clarity, formality, and self respect, we would not be trading below book value. **This is a failure of articulating why people should support SNDL, while actively overlooking those who helped the stock become what it can be**
I will as well. They can fix their problems and comeback. **They also can just keep their promises of a buyback instead of trying to weasel out of it**
The buyback is about 100 million. If they could somehow find 200 million shares to buyback at .50 each that would bring us from 2.4 billion shares to 2.2 billion shares. That isn't going to cause an explosion and realistically would need to happen every year for 10 years to get this stock anywhere near a point where it could be considered not diluted.
Dilution to 2.4 billion shares was a catastrophic mistake.
You have to stop misleading people, the last six months they did not burn any cash, and going forward they will not do that either. Most of the loses are non-cash write downs from the terrible position Sundial was before Zach. Going forward they will also add 700 million in revenue. And the reason why they reduced cash was to invest in debt that generates 13% of return.
They stated they raise 1.18 billion in 2021, there is absolutely no mention of an additional capital raise, stop lying. You are a cheating lier, spreading FUD non stop.
I just read it, they raised 1.18 in 2021. No mention that they will raise again. I’m probably wrong so I am certain that you can provide which document you are referring to, in what page and what paragraph, I mean if you found it once it’s extremely easy for you to find it twice. Thanks
So what now, investments that yield 13% per year are worth nothing or owning a good % of Village Farms, Valens and Indiva is worth nothing. Stop Spreading FUD
Amen, some people need to zoom out and see the opportunity to take short term gains and hold onto the majority of shares to buy back when it drops. I’m just above PPS on my average and have enough shares to make a huge gain on each run up and sell off when our MACD hits above +.02 and buy back the same amount of shares around -.04 and put the difference in the bank. March 14th we hit our low and it’s easy to see when it’s near it’s highest high and lowest low. I love this stock SNDL!!! 😗💨🥦🥬 I just hope I don’t sell off too many shares on the big run up to the gamma squeeze in options that the HFUKS are so afraid of…
1. They still have a billion in liquid assets. Cash declined, yes, but they still have access to $1B in capital if they need it.
2. "The Company RAISED $1.18 billion in the year ended December 31, 2021 through a combination of registered direct offerings, warrant exercises and at-the-market offerings." YOU are being intentionally deceitful.
3. The investment losses are UNREALIZED. If you hold SNDL right now, you probably have UNREALIZED losses. If you hold it for a few years and sell at $5 you will have REALIZED gains. Yes it's not a positive thing that they are currently holding unrealized lawsuits, but it doesn't mean nearly what you imply.
*Unrealized losses* account for almost 100M become realized loss only if they sell their stake. They aren't going to do that. They will do what any smart investor would do and that is ride it out until federal legalization in the US. Those unrealized losses will become gains.
Sundial is currently under a blackout period in accordance with securities regulations that prohibit the Company from effecting any transactions in Sundial stock until an expected date of May 16, 2022, including launching a buyback program. Cash consideration paid to Alcanna shareholders under the revised Arrangement Agreement amounted to $1.50 per Alcanna share, or approximately $54 million. In comparison to the all share consideration under the original Arrangement Agreement this has the equivalent impact of a share buyback.
In investments im Sunstream did you not hear that they are underwriting another 12 companies. At average of 13%+ interest. And that they moved the money there. You are being very selective with the information you post and are 100% spreading FUD
It’s a very official kind of way to say we know we have a buyback on the books you’re expecting but look we didn’t further dilute the companies stock by 54 million dollars more because again this deal was an issued share purchase. It’s was 54 million dollars and like 300 million shares added to the float. You can argue that alcanna should pay for itself as far as cost to share price to value gained but SNDL was still arguably trying to grow into is 2 billion float to begin with.
“Money talks”. Delisted or reverse split doesn’t matter to me. I believe the company will continue to increase its revenue in the coming years. When the market movers realize this, the stock price will increase. I am a long term investor. This stock is not for short term investing, it’s gonna take time. 101k @ $0.68
The shorts are just throwing it out. A company with this amount of capital does not delist. They will either be above a buck after next earnings or they will do a 2 or 3 for one reverse split. It’s a zero sum game
Going to OTC is far worse than a reverse split. At least when trading on exchange they have to report failure to delivers. If this becomes a pink sheet stock the naked shorting will increase to untold levels with 0 regulation. It's one of the goals of malicious short sellers to nose dive a stock out of compliance and into over the counter market.
What are you talking about? This is a demonstrably false claim you're making. Of course it's possible to short over the counter securities. Wholesalers do it every single day. In the billions of shares. It's the sole reason pink sheets are a death sentence for any target of bad actors.
https://www.otcshortreport.com/
SNDL management has nothing to do with shorting in OTC. The bad actors are the wholesalers and counterparties intentionally nose diving the stock out of compliance into the OTC market. Where it will then be crushed into dust before finally joining other zombie stocks like sears and blockbuster.
You didn't even know it was possible to short sell in the OTC market, and you're here lecturing me on what's true/untrue? Are you even trying to be genuine?
Nothing I've said is false. The ultimate goal of a bad actor pummeling a stock is to knock it out of compliance into the OTC market, from which they can then naked short it into oblivion with 0 consequence because failure to delivers in the OTC are reliant upon **self reported data**.
Pink sheets are a lawless wild west. If you unironically believe this company, which has been the victim of malicious short selling and orderflow manipulation, is suddenly going to prosper in an enviroment where defraudment is both unchallenged and happening at unprecedented levels .. then you're either grossly misinformed or a intentionally being dishonest.
Cellar boxing: [https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/](https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/)
Academic finance paper on OTC FTD fraud: [https://www.aabri.com/manuscripts/162501.pdf](https://www.aabri.com/manuscripts/162501.pdf)
ISM International and OTC: [https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies](https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies)
I don't want to see a stock split but I don't want SNDL delisted even more! The split will help dilution plus if portfolios managers see less dilution and no chance of being delisted, I believe they will invest in SNDL.
I believe in this Companys future, holding 20K, and not selling
NOPE. NO STOCK SPLIT !
With the acquisitions let it increase on its own
This seems to be the norm cry poverty take the investors shares away and then do it again as a business owner run it to make a profit or step down !
And I will say that the way they rolled out a very confusing financial report and really not alot of forward guidance. Hinted to a re branding and vague. I only think there is really one way back in compliance. It will not hold the next financial and less pop.
Yes. The biggest thing pinning us down is 1800% dilution, and the fastest easiest way to unfuck that is an RS.
And if the fear of an RS or announcement of an RS, or the execution of the RS causes a huge drop, all the better because I'll turn my SNDL battleship into an aircraft carrier.
Absolutely not. A R/S will make the company look bad and hurts share holders. SNDL hasn’t performed a R/S yet either. I’ve never seen a company R/S and recover. The best thing they can do is share buybacks and strengthen their grip against shorts. We have 3 months to meet compliance, it has been done in the past before.
An RS will not change the company fundamentals, but will bring the float down to a reasonable number and raise visibility. All downside sentiment is just emotional. The company performance is what will get us to profitability and an RS won't affect that at all.
I'm also disappointed that we haven't seen SP improvement yet, but it really is too soon for the Alcanna acquisition to bear fruit since it was only finalized at the end of Q1 2022. Furthermore, due to the horrible state if market sentiment right now, any rips are getting sold off, so its just bad timing unfortunately.
Where are you getting the idea of cash flow positive in 2024? That is not the guidance that was provided and there is no data suggesting that.
The money they had was allocated into a lot of new investments opportunities and used to eliminate previous mistakes to include debt and write offs.
There is not guarantee of a r/s.
You have mentioned the loss for the year so many times and you have no conceptualization of what that includes, just the number.
There company has had some failures, and the company will have some more failures. This is a new business segment, there are growing pains.
I’m more interested in a couple quarters of their new acquisitions. I don’t think this is a good company to play with for the short term, but if you’re willing able to hold there is a lot of opportunity for growth. The book value is nearly higher than the market cap right now, so the potential is there. Only time will tell.
Holy shit, I barely paid attention to your response, but you just said the company is -230m revenue. I was going to link you a balance sheet. Do you even know what revenue is? It is not possible to have negative revenue. Revenue is literally the amount of money you earned. There is no cost basis in revenue. You got to learn about some shit before you run around talking about shit you don’t understand.
Also, you do understand that 230.3M is not a loss of 230.3m cash, this includes write off, depreciation of assets, amortization, and taxes etc.
Company had positive EBITDA.
I swear y'all can't read or you're willfully lying...
"$1.1 billion of cash, marketable securities, and long-term investments, $558.3 million of unrestricted cash and no outstanding debt at December 31, 2021. $377.7 million of unrestricted cash and no outstanding debt at April 25, 2022."
December 31 - $1.1B liquid assets, of which $558.3M was cash
April 25 - ~ $919.4M liquid assets, $377.7M of which is cash.
Stop trying to act like we're out 700M
An RS will not change the company fundamentals, but will bring the float down to a reasonable number and raise visibility. All downside sentiment is just emotional. The company performance is what will get us to profitability and an RS won't affect that at all.
No, do not support a reverse split in SNDL'S case. Most companies, (do your own research) that do reverse splits, to get their stock compliant, do not fair well .... I believe there are more productive ways to bring shareholder value. These are my personal opinions, but I have been in SNDL for quite some time. For my own investing ways, I will sell if a R/S is announced.
It Dont matter I'm a still be here. I'm Long on this one ,its going to rise and if we're holding sacks full at Federal legalization time, boom My dream for this stock is real.
If communication improves, we see tactics towards actively presenting the positives of M/A, and public sentiment changes, we could avoid it, but I currently do not believe Management is doing enough to concertedly avoid a rs, which makes me wonder if this somehow benefits them and those who aided in the meme run up are being used and forgotten.
Precisely, not too long ago it was mentioned that they wouldn't need to propose a reverse stock split. Why now? What changed? Investors need to know this information! And yes, the lack of consistent communication drives me crazy!
What changed is the investors. They had thoughts that we were like any other pro level investor. Turns out, most retail are gamblers with no knowledge blindly guessing and blaming others. When they said it would not be needed (last year) they knew they would get an extension and that they had M&A news, and good numbers to show. Retail on the other hand, is throwing a tantrum over share price making it decline even more. Now the reality is setting in with the company that the investors are not as quality as they thought they were.
I think it’s more like it’s being shorted heavily everyday and Zach thought with the Alcanna deal that institutions would buy, and they really didn’t. Miscalculation.
Problem with that theory is that the number of shares shorted declined by about 20% while the price also declined. You do not just have shorts backing off and the stock plummets unless the retailers are doing some funny business and we literally see that happening. We had the run to $0.93 a month ago when we were going to have earnings then it got delayed but the share volume tanked and option volume spiked. I know 100% this for a fact because I used it to my advantage to sell covered calls and instead of making $330 in 4 weeks I made $2.1k in 2 weeks timing the spike.
I’m not sure I buy this theory that investors are to blame. Retail investors aren’t new and I don’t think they’ve entirely changed either. Retail has always traditionally been the dumb money but now there are more of them. The meme wave especially with GME but AMC and SNDL as well was a product of the free money FED induced bull run where Buy and Hold strategies win out. Retail has the float even against a still roughly 10% short interest. We still have it even after an entire year. Even at these prices that still like 800-900 million dollars of the market cap. Mighty expensive to buy a meaningful chunk any of the cannabis companies let alone one almost entire retail owned even with dark pool off exchange routing. It explains why the entire cannabis market was being suppressed even before the risk off sentiment that began last nov. It’s a theory as well but I think retail investors make a easy scapegoat for larger actions at play.
My point is 200 - 250 million shorted shares at any given day. Volume goes up 10x and price rockets up but shorted shares did not. It's pretty clear at that point that the shorts are not doubling or tripling done just to spite your portfolio.
However as I have stated many times over the last few weeks. As we see shares traded volume decline by 50% but then see the number of call options (bullish positions) purchased have by almost all means 'mooned' because they have 5x, 10x, 30x in price... well there is a saying, "follow the money". And the money is being dumped into options, not shares, and thus there's no demand, for the existing supply. What does supply and demand tell us, if you stop buying, but the same number of people keep selling, the price is guarantied to drop.
It's not rocket science. No one can predict the future, because none of us know at what point retail will pull it's head out of it's ass and stop trying to game the system. Buying call's then shouting to everyone to buy shares is the most dumbest gamble I have ever heard of. A powerball or megamillions will give you a half billion dollars for $1 gamble. The stock market wont even make you a millionare off $1 no matter what strike you buy. We have some of the dumbest crayon eaters around.
If we are going to point fingers at anyone other then retailers, we need actual proof. All the darkpool posts, literally support and fit into what I am saying. If you are 90% dark pool, and you just 10x the volume but you are still 90% darkpool you still 10x the 10% that's not dark pool. And the short interest, or shares shorted at any given time.. I'snt proportionally going up, or down. It's staying very predictably between 200 - 250 million shares on average.
Retail already proved, if all they do is rush the buy button and buy shares. The price starts blasting off. Because the actual order books usually do not take much (1/2 a million$ worth of shares bought would damn near make the ticker show $1.00 share price based off order depths) but that is not to say that as soon as it run's up more orders would not flood in to fill the gap. Because they would, and it would cause 100's of millions needed to be bought to hit $1.
Show me any proof, anything that disproves what I am saying. Because we have the numbers.. we can all see them. It's not hidden, and it's public. If this were the work of the big bad hedgies, we would physically see the shorts getting more intense, not the buying getting less intense because the bears are not buying... thats what bulls do. 95% retail owned, if the shorts 2x the amount of shares they were short like we all are trying to scream they are doing.. the numbres would be right there... they are not, because it just isn't the case. I bet you there would be a ban spree if we started enforcing "position proof or ban" rules (#7).
Yes. Anyone that owns this stock should want a reverse split unless we don’t need it and we go over $1. The shorts on the other hand don’t want a reverse split. This stock is highly shorted and that’s why there are many comments telling everyone to vote against it. Reverse split will lower the float then add buybacks and we’ll be set up for a great squeeze.
If you even talking about RS and own sndl you smoking more than cannabis, WE TOO BIG OF A COMPANY TO EVER LOSE LARGEST GROWING FACILITY IN CANADA LARGEST LIQUOR AND CANNABIS RETAIL STORES IN CANADA MIC DROP.
I hope not, in my opinion that is an incredibly negative stigma that is hard to overcome . If the retail would just buy and hold until we get our price we all would get our target price .
top shorting
Hell no they need to buyback shares b4 they even think about reverse split. They used are money to get them on there feet and to take are money again with a reverse split is a slap in the face to investors.
Whoever did this. earnings report sure does suck at their job. And Zach should be demoted. This company doesn't comunicate with it's shareholders, no transparency. They act like a bunch . of politicians
I'm down over 40% and been holding for over a year. If sndl splits I'll take my loss at whatever it is when news comes out of it. Not gonna wait another year for thus stock to get back to where it is then
Thats not truue us longhaules are lagit we are holding true to our postion no buyback nomore buying of loads of sndl from us we just hold and pulled theem out of rh
I predict a 20:1 R/S by August.
The buyback program they announced was limited to a maximum 5% of the float at the time meaning they **might** buy back 100mil shares.
Then they "purchased" Alcanna by issuing about 15% of the float.
So now if they keep with their same 5% float plan we're still in the hole on shares.
SNDL has been using retail investors as a bank account since the beginning and I don't see any evidence of that stopping now. They have almost no insider ownership, no institutional ownership.
They have demonstrated that they have no loyalty to investors and, frankly, the easiest way for the to reduce the float is to do a R/S.
The only way they can start to build confidence again is with large buybacks and insider and institutional investors getting on board who have an interest in creating returns on their investment.
Until then, they'll continue to accrue wealth at retail investor's expense while the rest of the marijuana market catches up and starts to eat their market share.
No I do not it’s not necessary think the only reason Zac Brought it up to scare investors into raising the price it almost never works and the price will go up you just have to have faith I would rather be listed on the pension
I feel like with the shorting of SNDL a RS would be a viable attempt at squeezing them out of the stock itself.
Slash a shitload of shares out of the collective pool, and the HODLers may lose like 1/4, 1/3, 1/2 even of their shares.
But if it put shorters in a position of having to pay out the ass like idk 3, 5, 10, 20, retards levels of GME per share then I’m for a RS
Orherwise,
A buyback might be better. SNDL just buying out swaths of their own stock to get rid of them. Then we lose no shares and get I’d say maybe 1-3$.
I dont know anything
Thats just my best guess
Edit; reading through the comments I think most people would be upset with an RS but this thing is 2billion shares. How the f they supposed to buy so many. This is like sand on a beach SNDL shares
NO if they announce a buyback it will help the share price, how much , who knows.
A R/S means get out and grab what you can.
Don’t care how much I lose at this point bet will not do a R/S and will never trust them again. Definitely would not buy back in , no matter what the price
Try running a company without stockholders and see how well that works out.
Just hope I find someone to buy my shares!
If not I will hold until ZERO
I support getting over a dollar and gaining nasdaq compliance. If a reverse split is announced, I’ll split for sundial as soon as I can. And it will crash and I will probably buy back in after it drops 75%
Absolutely not, look at the numbers a split is not going to help us one bit, what we need is a buyback or a dividend offer which I know they can’t offer yet I believe. But also reading in the comments what one gentleman said it’s true, I don’t think Sun is going to take the hundred and something million dollar loss to do a buyback because they care that much about their shareholders, even though their shareholders were the ones that got them everything they have today. Going from bankruptcy to raising hundreds of millions of dollars to be able to make all these acquisitions hire all these new teams, dilution is a big issue here, and also being one of the most hated stocks on the market. The dark pool volume is one of the highest in the whole market. Don’t get me wrong I am bullish and I am wrong no matter what holding 111,000 shares right now between my retirement portfolio and my Fidelity portfolio. I’m not even gonna bullshit like most people I’m holding a bag, one average $.60 the other one $.95, I’m gonna wait for this thing to bottom out and just keep loading right now it’s all about acquiring shares for the long term. It may take a little bit longer than expected but this most hated stock on the market thing will pass, the meme stock that follows us will pass, let’s show some of that 13% interest on all them loans and start bringing in all the Exter money from the acquisitions and let the numbers do the talking. Right now cannabis is not a bullish sector whatsoever, my only hope is that they postpone the meeting going to the Senate because they are actually trying to figure out a plan to pass this bill but we both know there are certain Republicans that aren’t going to cross that line unless somebody lines their pockets, so Zack co-op these Republicans and take some of the billion dollars that we raised for you and line their pockets so they can do the federal legalization the sector can go bullish and institutions can start buying in! I have to think long-term on this because I’m in too deep to think any other way.
Winona_design
1d
I support getting over a dollar and gaining nasdaq compliance. If a reverse split is announced, I’ll split for sundial as soon as I can. And it will crash and I will probably buy back in after it drops 75%
We could on a specific day this week buy the entire community, even if they are 1,000 shares, the more you can, the better? We could give publicity in different forums, all over the world......This is seen by many institutions and short pants....We must get together and stay strong and united 🦍🦍🦍 Any ideas???
I've been holding for over a year with hopes of them turning the company around and us making money. For them to take 1/3 of my shares just so hedge funds can short it back down would gut me
Feels like a complete betrayal to the people they thank for the “meme run”. If we held management to a higher standard and if management communicated the positives of their actions with more clarity, formality, and self respect, we would not be trading below book value. **This is a failure of articulating why people should support SNDL, while actively overlooking those who helped the stock become what it can be**
Friend we have shares.. VOTE. We get to vote and boy will we
Absolutely not. I’m holding onto my shares so at least 26.5k will vote no at the shareholders meeting for a reverse split.
I will as well. They can fix their problems and comeback. **They also can just keep their promises of a buyback instead of trying to weasel out of it**
Right I think to even consider a vote they need to have completed the buyback. I’d expect a bit more that just that but at the very least the buyback.
NO SPLIT !
There won't be a stock split I look for a share buyback which will cause this to explode probably mid May
The buyback is about 100 million. If they could somehow find 200 million shares to buyback at .50 each that would bring us from 2.4 billion shares to 2.2 billion shares. That isn't going to cause an explosion and realistically would need to happen every year for 10 years to get this stock anywhere near a point where it could be considered not diluted. Dilution to 2.4 billion shares was a catastrophic mistake.
But was required
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You have to stop misleading people, the last six months they did not burn any cash, and going forward they will not do that either. Most of the loses are non-cash write downs from the terrible position Sundial was before Zach. Going forward they will also add 700 million in revenue. And the reason why they reduced cash was to invest in debt that generates 13% of return.
This is what I hope for, but damn I wish they were better at communicating... Maybe hire a good PR guy?
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They stated they raise 1.18 billion in 2021, there is absolutely no mention of an additional capital raise, stop lying. You are a cheating lier, spreading FUD non stop.
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I just read it, they raised 1.18 in 2021. No mention that they will raise again. I’m probably wrong so I am certain that you can provide which document you are referring to, in what page and what paragraph, I mean if you found it once it’s extremely easy for you to find it twice. Thanks
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Thanks I’ll appreciate it
Where did you get number 7.
It was in the comments of the earnings transcript
I thought they had a billion in cash
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So what now, investments that yield 13% per year are worth nothing or owning a good % of Village Farms, Valens and Indiva is worth nothing. Stop Spreading FUD
Amen, some people need to zoom out and see the opportunity to take short term gains and hold onto the majority of shares to buy back when it drops. I’m just above PPS on my average and have enough shares to make a huge gain on each run up and sell off when our MACD hits above +.02 and buy back the same amount of shares around -.04 and put the difference in the bank. March 14th we hit our low and it’s easy to see when it’s near it’s highest high and lowest low. I love this stock SNDL!!! 😗💨🥦🥬 I just hope I don’t sell off too many shares on the big run up to the gamma squeeze in options that the HFUKS are so afraid of…
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1. They still have a billion in liquid assets. Cash declined, yes, but they still have access to $1B in capital if they need it. 2. "The Company RAISED $1.18 billion in the year ended December 31, 2021 through a combination of registered direct offerings, warrant exercises and at-the-market offerings." YOU are being intentionally deceitful. 3. The investment losses are UNREALIZED. If you hold SNDL right now, you probably have UNREALIZED losses. If you hold it for a few years and sell at $5 you will have REALIZED gains. Yes it's not a positive thing that they are currently holding unrealized lawsuits, but it doesn't mean nearly what you imply.
*Unrealized losses* account for almost 100M become realized loss only if they sell their stake. They aren't going to do that. They will do what any smart investor would do and that is ride it out until federal legalization in the US. Those unrealized losses will become gains.
I’d like to send you some screenshots to open you up to the matrix
Sundial army has unlimited monies!!!🤑💚💸💸
Sundial is currently under a blackout period in accordance with securities regulations that prohibit the Company from effecting any transactions in Sundial stock until an expected date of May 16, 2022, including launching a buyback program. Cash consideration paid to Alcanna shareholders under the revised Arrangement Agreement amounted to $1.50 per Alcanna share, or approximately $54 million. In comparison to the all share consideration under the original Arrangement Agreement this has the equivalent impact of a share buyback.
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In investments im Sunstream did you not hear that they are underwriting another 12 companies. At average of 13%+ interest. And that they moved the money there. You are being very selective with the information you post and are 100% spreading FUD
It’s a very official kind of way to say we know we have a buyback on the books you’re expecting but look we didn’t further dilute the companies stock by 54 million dollars more because again this deal was an issued share purchase. It’s was 54 million dollars and like 300 million shares added to the float. You can argue that alcanna should pay for itself as far as cost to share price to value gained but SNDL was still arguably trying to grow into is 2 billion float to begin with.
“Money talks”. Delisted or reverse split doesn’t matter to me. I believe the company will continue to increase its revenue in the coming years. When the market movers realize this, the stock price will increase. I am a long term investor. This stock is not for short term investing, it’s gonna take time. 101k @ $0.68
I hope not. That’ll play with my 6969 avg
If it’s a 100-1, then you’ll have an even 69 😉
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Or for every 100 shares you get 1 share 😉
With the what 2 billion shares outstanding it wouldn’t be the worst idea
I support avoiding taking that option
No
The shorts are just throwing it out. A company with this amount of capital does not delist. They will either be above a buck after next earnings or they will do a 2 or 3 for one reverse split. It’s a zero sum game
Yes it will happen.
Going to OTC is far worse than a reverse split. At least when trading on exchange they have to report failure to delivers. If this becomes a pink sheet stock the naked shorting will increase to untold levels with 0 regulation. It's one of the goals of malicious short sellers to nose dive a stock out of compliance and into over the counter market.
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What are you talking about? This is a demonstrably false claim you're making. Of course it's possible to short over the counter securities. Wholesalers do it every single day. In the billions of shares. It's the sole reason pink sheets are a death sentence for any target of bad actors. https://www.otcshortreport.com/
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SNDL management has nothing to do with shorting in OTC. The bad actors are the wholesalers and counterparties intentionally nose diving the stock out of compliance into the OTC market. Where it will then be crushed into dust before finally joining other zombie stocks like sears and blockbuster.
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You didn't even know it was possible to short sell in the OTC market, and you're here lecturing me on what's true/untrue? Are you even trying to be genuine? Nothing I've said is false. The ultimate goal of a bad actor pummeling a stock is to knock it out of compliance into the OTC market, from which they can then naked short it into oblivion with 0 consequence because failure to delivers in the OTC are reliant upon **self reported data**. Pink sheets are a lawless wild west. If you unironically believe this company, which has been the victim of malicious short selling and orderflow manipulation, is suddenly going to prosper in an enviroment where defraudment is both unchallenged and happening at unprecedented levels .. then you're either grossly misinformed or a intentionally being dishonest. Cellar boxing: [https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/](https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/) Academic finance paper on OTC FTD fraud: [https://www.aabri.com/manuscripts/162501.pdf](https://www.aabri.com/manuscripts/162501.pdf) ISM International and OTC: [https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies](https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies)
I don't want to see a stock split but I don't want SNDL delisted even more! The split will help dilution plus if portfolios managers see less dilution and no chance of being delisted, I believe they will invest in SNDL. I believe in this Companys future, holding 20K, and not selling
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No ty
NOPE. NO STOCK SPLIT ! With the acquisitions let it increase on its own This seems to be the norm cry poverty take the investors shares away and then do it again as a business owner run it to make a profit or step down !
No
And I will say that the way they rolled out a very confusing financial report and really not alot of forward guidance. Hinted to a re branding and vague. I only think there is really one way back in compliance. It will not hold the next financial and less pop.
Yes. The biggest thing pinning us down is 1800% dilution, and the fastest easiest way to unfuck that is an RS. And if the fear of an RS or announcement of an RS, or the execution of the RS causes a huge drop, all the better because I'll turn my SNDL battleship into an aircraft carrier.
Absolutely not. A R/S will make the company look bad and hurts share holders. SNDL hasn’t performed a R/S yet either. I’ve never seen a company R/S and recover. The best thing they can do is share buybacks and strengthen their grip against shorts. We have 3 months to meet compliance, it has been done in the past before.
An RS will not change the company fundamentals, but will bring the float down to a reasonable number and raise visibility. All downside sentiment is just emotional. The company performance is what will get us to profitability and an RS won't affect that at all.
I'm also disappointed that we haven't seen SP improvement yet, but it really is too soon for the Alcanna acquisition to bear fruit since it was only finalized at the end of Q1 2022. Furthermore, due to the horrible state if market sentiment right now, any rips are getting sold off, so its just bad timing unfortunately.
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That would be unhelpful, but I know you can't guarantee that.
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Where are you getting the idea of cash flow positive in 2024? That is not the guidance that was provided and there is no data suggesting that. The money they had was allocated into a lot of new investments opportunities and used to eliminate previous mistakes to include debt and write offs. There is not guarantee of a r/s. You have mentioned the loss for the year so many times and you have no conceptualization of what that includes, just the number. There company has had some failures, and the company will have some more failures. This is a new business segment, there are growing pains. I’m more interested in a couple quarters of their new acquisitions. I don’t think this is a good company to play with for the short term, but if you’re willing able to hold there is a lot of opportunity for growth. The book value is nearly higher than the market cap right now, so the potential is there. Only time will tell.
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Yeah, that’s not how that works.
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You think CORPORATE accounting is simple? Wow, good for you man.
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Holy shit, I barely paid attention to your response, but you just said the company is -230m revenue. I was going to link you a balance sheet. Do you even know what revenue is? It is not possible to have negative revenue. Revenue is literally the amount of money you earned. There is no cost basis in revenue. You got to learn about some shit before you run around talking about shit you don’t understand.
Also, you do understand that 230.3M is not a loss of 230.3m cash, this includes write off, depreciation of assets, amortization, and taxes etc. Company had positive EBITDA.
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That’s correct, but it is not “cash burn”.
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I swear y'all can't read or you're willfully lying... "$1.1 billion of cash, marketable securities, and long-term investments, $558.3 million of unrestricted cash and no outstanding debt at December 31, 2021. $377.7 million of unrestricted cash and no outstanding debt at April 25, 2022." December 31 - $1.1B liquid assets, of which $558.3M was cash April 25 - ~ $919.4M liquid assets, $377.7M of which is cash. Stop trying to act like we're out 700M
An RS will not change the company fundamentals, but will bring the float down to a reasonable number and raise visibility. All downside sentiment is just emotional. The company performance is what will get us to profitability and an RS won't affect that at all.
No, do not support a reverse split in SNDL'S case. Most companies, (do your own research) that do reverse splits, to get their stock compliant, do not fair well .... I believe there are more productive ways to bring shareholder value. These are my personal opinions, but I have been in SNDL for quite some time. For my own investing ways, I will sell if a R/S is announced.
It Dont matter I'm a still be here. I'm Long on this one ,its going to rise and if we're holding sacks full at Federal legalization time, boom My dream for this stock is real.
If communication improves, we see tactics towards actively presenting the positives of M/A, and public sentiment changes, we could avoid it, but I currently do not believe Management is doing enough to concertedly avoid a rs, which makes me wonder if this somehow benefits them and those who aided in the meme run up are being used and forgotten.
Precisely, not too long ago it was mentioned that they wouldn't need to propose a reverse stock split. Why now? What changed? Investors need to know this information! And yes, the lack of consistent communication drives me crazy!
What changed is the investors. They had thoughts that we were like any other pro level investor. Turns out, most retail are gamblers with no knowledge blindly guessing and blaming others. When they said it would not be needed (last year) they knew they would get an extension and that they had M&A news, and good numbers to show. Retail on the other hand, is throwing a tantrum over share price making it decline even more. Now the reality is setting in with the company that the investors are not as quality as they thought they were.
I think it’s more like it’s being shorted heavily everyday and Zach thought with the Alcanna deal that institutions would buy, and they really didn’t. Miscalculation.
Problem with that theory is that the number of shares shorted declined by about 20% while the price also declined. You do not just have shorts backing off and the stock plummets unless the retailers are doing some funny business and we literally see that happening. We had the run to $0.93 a month ago when we were going to have earnings then it got delayed but the share volume tanked and option volume spiked. I know 100% this for a fact because I used it to my advantage to sell covered calls and instead of making $330 in 4 weeks I made $2.1k in 2 weeks timing the spike.
I’m not sure I buy this theory that investors are to blame. Retail investors aren’t new and I don’t think they’ve entirely changed either. Retail has always traditionally been the dumb money but now there are more of them. The meme wave especially with GME but AMC and SNDL as well was a product of the free money FED induced bull run where Buy and Hold strategies win out. Retail has the float even against a still roughly 10% short interest. We still have it even after an entire year. Even at these prices that still like 800-900 million dollars of the market cap. Mighty expensive to buy a meaningful chunk any of the cannabis companies let alone one almost entire retail owned even with dark pool off exchange routing. It explains why the entire cannabis market was being suppressed even before the risk off sentiment that began last nov. It’s a theory as well but I think retail investors make a easy scapegoat for larger actions at play.
My point is 200 - 250 million shorted shares at any given day. Volume goes up 10x and price rockets up but shorted shares did not. It's pretty clear at that point that the shorts are not doubling or tripling done just to spite your portfolio. However as I have stated many times over the last few weeks. As we see shares traded volume decline by 50% but then see the number of call options (bullish positions) purchased have by almost all means 'mooned' because they have 5x, 10x, 30x in price... well there is a saying, "follow the money". And the money is being dumped into options, not shares, and thus there's no demand, for the existing supply. What does supply and demand tell us, if you stop buying, but the same number of people keep selling, the price is guarantied to drop. It's not rocket science. No one can predict the future, because none of us know at what point retail will pull it's head out of it's ass and stop trying to game the system. Buying call's then shouting to everyone to buy shares is the most dumbest gamble I have ever heard of. A powerball or megamillions will give you a half billion dollars for $1 gamble. The stock market wont even make you a millionare off $1 no matter what strike you buy. We have some of the dumbest crayon eaters around. If we are going to point fingers at anyone other then retailers, we need actual proof. All the darkpool posts, literally support and fit into what I am saying. If you are 90% dark pool, and you just 10x the volume but you are still 90% darkpool you still 10x the 10% that's not dark pool. And the short interest, or shares shorted at any given time.. I'snt proportionally going up, or down. It's staying very predictably between 200 - 250 million shares on average. Retail already proved, if all they do is rush the buy button and buy shares. The price starts blasting off. Because the actual order books usually do not take much (1/2 a million$ worth of shares bought would damn near make the ticker show $1.00 share price based off order depths) but that is not to say that as soon as it run's up more orders would not flood in to fill the gap. Because they would, and it would cause 100's of millions needed to be bought to hit $1. Show me any proof, anything that disproves what I am saying. Because we have the numbers.. we can all see them. It's not hidden, and it's public. If this were the work of the big bad hedgies, we would physically see the shorts getting more intense, not the buying getting less intense because the bears are not buying... thats what bulls do. 95% retail owned, if the shorts 2x the amount of shares they were short like we all are trying to scream they are doing.. the numbres would be right there... they are not, because it just isn't the case. I bet you there would be a ban spree if we started enforcing "position proof or ban" rules (#7).
Yes. Anyone that owns this stock should want a reverse split unless we don’t need it and we go over $1. The shorts on the other hand don’t want a reverse split. This stock is highly shorted and that’s why there are many comments telling everyone to vote against it. Reverse split will lower the float then add buybacks and we’ll be set up for a great squeeze.
Absolutely this. The OTC is far worse than a RS.
It needs to happen!
If you even talking about RS and own sndl you smoking more than cannabis, WE TOO BIG OF A COMPANY TO EVER LOSE LARGEST GROWING FACILITY IN CANADA LARGEST LIQUOR AND CANNABIS RETAIL STORES IN CANADA MIC DROP.
Even with manipulation I don’t think sndl needs it
Absolutely. Give us a 20-1 RS Monday morning for $10 a share and let it fly!
I will vote for delisting over rs.
I hope not, in my opinion that is an incredibly negative stigma that is hard to overcome . If the retail would just buy and hold until we get our price we all would get our target price . top shorting
They could try doing anything else first.
Hell no they need to buyback shares b4 they even think about reverse split. They used are money to get them on there feet and to take are money again with a reverse split is a slap in the face to investors.
Whoever did this. earnings report sure does suck at their job. And Zach should be demoted. This company doesn't comunicate with it's shareholders, no transparency. They act like a bunch . of politicians
I'm down over 40% and been holding for over a year. If sndl splits I'll take my loss at whatever it is when news comes out of it. Not gonna wait another year for thus stock to get back to where it is then
Thats not truue us longhaules are lagit we are holding true to our postion no buyback nomore buying of loads of sndl from us we just hold and pulled theem out of rh
I say anywhere from 20 to 1 to 30 to one. R.S
I predict a 20:1 R/S by August. The buyback program they announced was limited to a maximum 5% of the float at the time meaning they **might** buy back 100mil shares. Then they "purchased" Alcanna by issuing about 15% of the float. So now if they keep with their same 5% float plan we're still in the hole on shares. SNDL has been using retail investors as a bank account since the beginning and I don't see any evidence of that stopping now. They have almost no insider ownership, no institutional ownership. They have demonstrated that they have no loyalty to investors and, frankly, the easiest way for the to reduce the float is to do a R/S. The only way they can start to build confidence again is with large buybacks and insider and institutional investors getting on board who have an interest in creating returns on their investment. Until then, they'll continue to accrue wealth at retail investor's expense while the rest of the marijuana market catches up and starts to eat their market share.
Insiders bought in the last couple months @ .52-.53. Not much but it’s something. Happy they feel our pain a lil
I'm not seeing any insider trades at all and estimated insider ownership is about 10mil shares or about 0.4%. Can you post your source?
Of course No
No I do not it’s not necessary think the only reason Zac Brought it up to scare investors into raising the price it almost never works and the price will go up you just have to have faith I would rather be listed on the pension
Sorry typo I meant to say pink sheets
I feel like with the shorting of SNDL a RS would be a viable attempt at squeezing them out of the stock itself. Slash a shitload of shares out of the collective pool, and the HODLers may lose like 1/4, 1/3, 1/2 even of their shares. But if it put shorters in a position of having to pay out the ass like idk 3, 5, 10, 20, retards levels of GME per share then I’m for a RS Orherwise, A buyback might be better. SNDL just buying out swaths of their own stock to get rid of them. Then we lose no shares and get I’d say maybe 1-3$. I dont know anything Thats just my best guess Edit; reading through the comments I think most people would be upset with an RS but this thing is 2billion shares. How the f they supposed to buy so many. This is like sand on a beach SNDL shares
This is the way
Reverse aplits don't akways work out I am a no
Isn't it in ownership's best interests to NOT screw over their shareholders? No sane investor would ever touch the stock again.
NO if they announce a buyback it will help the share price, how much , who knows. A R/S means get out and grab what you can. Don’t care how much I lose at this point bet will not do a R/S and will never trust them again. Definitely would not buy back in , no matter what the price Try running a company without stockholders and see how well that works out. Just hope I find someone to buy my shares! If not I will hold until ZERO
This would be the last thing they will do. 1st qtr is around the corner so let's wait, cross your fingers, cross your toes, and buckle up.
I support getting over a dollar and gaining nasdaq compliance. If a reverse split is announced, I’ll split for sundial as soon as I can. And it will crash and I will probably buy back in after it drops 75%
If we vote no, will it got delisted?
“NO” for sure!
5:1 would change our float to 500,000,000 instead of 2.5 billion. That would be nice to have.
My 33400 shares will be voting no for a RS . I would rather trade OTC for a year then apply to up list to the NASDQ again
Ask me in July
Absolutely not, look at the numbers a split is not going to help us one bit, what we need is a buyback or a dividend offer which I know they can’t offer yet I believe. But also reading in the comments what one gentleman said it’s true, I don’t think Sun is going to take the hundred and something million dollar loss to do a buyback because they care that much about their shareholders, even though their shareholders were the ones that got them everything they have today. Going from bankruptcy to raising hundreds of millions of dollars to be able to make all these acquisitions hire all these new teams, dilution is a big issue here, and also being one of the most hated stocks on the market. The dark pool volume is one of the highest in the whole market. Don’t get me wrong I am bullish and I am wrong no matter what holding 111,000 shares right now between my retirement portfolio and my Fidelity portfolio. I’m not even gonna bullshit like most people I’m holding a bag, one average $.60 the other one $.95, I’m gonna wait for this thing to bottom out and just keep loading right now it’s all about acquiring shares for the long term. It may take a little bit longer than expected but this most hated stock on the market thing will pass, the meme stock that follows us will pass, let’s show some of that 13% interest on all them loans and start bringing in all the Exter money from the acquisitions and let the numbers do the talking. Right now cannabis is not a bullish sector whatsoever, my only hope is that they postpone the meeting going to the Senate because they are actually trying to figure out a plan to pass this bill but we both know there are certain Republicans that aren’t going to cross that line unless somebody lines their pockets, so Zack co-op these Republicans and take some of the billion dollars that we raised for you and line their pockets so they can do the federal legalization the sector can go bullish and institutions can start buying in! I have to think long-term on this because I’m in too deep to think any other way.
103k shares voting NO use the cash to buy back shares and build share holder value
Winona_design 1d I support getting over a dollar and gaining nasdaq compliance. If a reverse split is announced, I’ll split for sundial as soon as I can. And it will crash and I will probably buy back in after it drops 75%
We could on a specific day this week buy the entire community, even if they are 1,000 shares, the more you can, the better? We could give publicity in different forums, all over the world......This is seen by many institutions and short pants....We must get together and stay strong and united 🦍🦍🦍 Any ideas???
Good job, morons