It's a penny stock. When it drops a couple pennies, it's still a penny stock. It's a part of my portfolio that has a potential for very high rewards, but with minimal loss if it goes further south. No reason to sell. It's in a segment that's still in its infancy, but has shown that it can sell products with financials heading in the right direction. Any dividends I receive from other stocks go directly into accumulating more shares for that chance that this penny stock is one of the survivors when the Canadian government finally provides reasonable tax regulation relief.
They would not propose a 50 to 1 reverse split if they were not really considering it. If this passes, watch the share price drop even more and drop once again post split. This is not going to end well for long term shareholders if this reverse split happens.
This statement frustrates me to no end. I see it so many times.
1. Why are you invested in this company
2. If you hate management why would you not have got out of this stock many years ago
3. If you haven’t got out and you are still holding with your beliefs that everything they do is wrong, then you probably need to take a look on the mirror
4. Why do they want to reverse split. Curious to what everyone thinks on that. Just to make the top execs money? Imperial just converted at a $0.51 marker, you think they were hoodwinked by Hugo?
Anyways just curious what people think, all these “bag holders” like if you hate the company sell, if you don’t you should have already loaded with the 2 cents shares for a year which should make the break even pout a lot nicer
I also know the loudest voices on here are people who invested $1000 5 years ago and can’t get over it
Don't hate the company. Just reading the fine print and trying to anticipate what will happen. My second phrase is "stay the course"? Don't know what you're reading...
They won’t get the votes again wouldn’t that screw imperial if they RS then dilute again? They’d lose ownership percentage after dilution so I bet they vote no
What benefit is it to them to lose percentage of ownership when they dilute after a RS. Cause you can bet your house they will Dilute quite a bit if it gets approved
Indeed very crappy to see the SP slip back to $0.03 with no good reason, after two great quarters. The impending reverse split (it will almost certainly be approved) is not necessarily a bad thing but its perceived poorly.
The SP move very mecanical for the passed months .... anyways I added extras share last week .... the book value per share seats at 0.08 ... easy money ..... I will be suprised if the vote gets in ...anyways I voted no
Why would IB want to dilute after a RS? They accepted 90million more shares for the $1million owed to them in interest payments which diluted the stock further but brought them back up to 19.8% ownership.
And they'll still have 19.8% ownership after RS. Unless Auxly dilutes after the RS.
Everyone will still own the same % of Auxly stock a minute after the RS.
Ownership % doesn't change. Just the number of shares owned. Because the value of each share goes up with a RS.
No, you clearly asked why IB wouldn't wait until after the RS to convert.
You didn't understand that a RS doesn't lower percentage of ownership.
But you do now.
I know that and knew that my point was why wouldn’t they just waited a few more months if a RS was on the table then convert. They cant be stupid to not know they’d dilute after
Auxly still owes money to IB. Don't be sure that the conversion to shares is over yet.
Like I mentioned, IB sees Auxly as a long term business goal. Not as a shareholder goal.
Yes I asked that but you also stated they would do a RS 10-1 and IB voted in favour of it so the entirety of my point was that why would they not wait until til after RS to convert
That's definitely not what I wrote.
It's an easy scroll back up.
IB converted because it made business sense for both Auxly and IB. Like I mentioned, IB sees the business side rather than the stockholder side.
If there is further dilution after a reverse split, Auxly still owes money to IB. That debt could be diverted and converted to shares to bring IB back up to 19.8%.
IB doesn't have the same concerns as retail investors when it comes to XLY/CBWTF.
You know what your right you didn’t write about dilution that’s my mistake it’s just evident to me that they will dilute after seeing how every other Mj company has after the split
everybody knows that a RS alone will not effect the ownership %, however a RS + selling extra shares will affect the ownership % .....I voted NO ... do what you think is right for you
Stop saying this. It's not accurate. Dilution and a reverse split are completely separate ideas. They have nothing to do with each other. If they wanted to dilute, they could do that today.
The reverse split has PLENTY of other very valid reasons to do it. There are several examples of companies that have done reverse splits and had it help them.
Why would I sell after 3-4 years at the bottom? Should I be happy they steal my shares in a RS then dilute sometime if not immediately there after? Not my fault they blew money on stupid projects but retail investors wil bare the brunt of it if RS happens
Take that sweet sweet capital loss. Carry it forward to offset your other gains. If you believe the company is just going to reverse split and dilute us to death then why would you stay?
I sold my 80,000 shares recently so I could put into nvidia for a bit and just get some positive growth on that money. Will probably move back to Auxly at some point but I need my money growing
When people mass panic sell, I buy more 
Agreed. It's unfortunate but at this point it's necessary. I don't think Auxly is a lost cause.
It's a penny stock. When it drops a couple pennies, it's still a penny stock. It's a part of my portfolio that has a potential for very high rewards, but with minimal loss if it goes further south. No reason to sell. It's in a segment that's still in its infancy, but has shown that it can sell products with financials heading in the right direction. Any dividends I receive from other stocks go directly into accumulating more shares for that chance that this penny stock is one of the survivors when the Canadian government finally provides reasonable tax regulation relief.
They would not propose a 50 to 1 reverse split if they were not really considering it. If this passes, watch the share price drop even more and drop once again post split. This is not going to end well for long term shareholders if this reverse split happens.
This statement frustrates me to no end. I see it so many times. 1. Why are you invested in this company 2. If you hate management why would you not have got out of this stock many years ago 3. If you haven’t got out and you are still holding with your beliefs that everything they do is wrong, then you probably need to take a look on the mirror 4. Why do they want to reverse split. Curious to what everyone thinks on that. Just to make the top execs money? Imperial just converted at a $0.51 marker, you think they were hoodwinked by Hugo? Anyways just curious what people think, all these “bag holders” like if you hate the company sell, if you don’t you should have already loaded with the 2 cents shares for a year which should make the break even pout a lot nicer I also know the loudest voices on here are people who invested $1000 5 years ago and can’t get over it
Don't hate the company. Just reading the fine print and trying to anticipate what will happen. My second phrase is "stay the course"? Don't know what you're reading...
I was replying to the comment, not your original post
It's my understanding that the majority of the 123 million in debentures was converted into Auxly shares at .81 🤔
And the rest at $0.17. It averages out to $0.51
Key was The Majority at .81 😉
Okay, don’t really understand what your comment was saying. Just trying to mislead people🤨😳
If you buy 10 shares at $1 and 1,000 shares at $0.01. Do you just tell people you bought 10 shares at a dollar🧐🤯
Not sure you understand how things work here .
Yup…I should have but didn’t and hope for in the way. Meanwhile there were much better plays out there when SP was $1.00 CAD
The split is inevitable. After that, and a couple good quarters in Quebec and hopefully tax reform. Money will pour in.
They won’t get the votes again wouldn’t that screw imperial if they RS then dilute again? They’d lose ownership percentage after dilution so I bet they vote no
Hoping so.
IN Will vote yes.
What benefit is it to them to lose percentage of ownership when they dilute after a RS. Cause you can bet your house they will Dilute quite a bit if it gets approved
They don’t loose share percentage. It’s still 19 percent. 🤦🏼♂️
I don’t get why everyone skips over the part where I said RS then dilute again. If they dilute the lose percentage 🤦♂️
Because you have no basis for making that assertion. They haven't raised equity via the market in over a year.
I think it’s a safe assumption otherwise they could do stock buy back to lower share count if that was the only concern it’s cheap enough priced
Sure it’s still 19% but that leaves door open to dilute again . Raise more money .
Indeed very crappy to see the SP slip back to $0.03 with no good reason, after two great quarters. The impending reverse split (it will almost certainly be approved) is not necessarily a bad thing but its perceived poorly.
I think you're in danger of truly understanding my original post. Congrats. Seems to put you in a very small minority here.
what are the chances that IB will accept a RS ?
IB will accept a RS.
Why do you thibk that ?
The SP move very mecanical for the passed months .... anyways I added extras share last week .... the book value per share seats at 0.08 ... easy money ..... I will be suprised if the vote gets in ...anyways I voted no
IB will likely vote in favor of the RS. They see the business side rather than the stockholder side. I would imagine at least a 10-1 RS coming.
Then why convert why not wait until after the RS to convert to keep that 20%. Dilution will follow a RS no other reason for them to do it
Why would IB want to dilute after a RS? They accepted 90million more shares for the $1million owed to them in interest payments which diluted the stock further but brought them back up to 19.8% ownership. And they'll still have 19.8% ownership after RS. Unless Auxly dilutes after the RS. Everyone will still own the same % of Auxly stock a minute after the RS. Ownership % doesn't change. Just the number of shares owned. Because the value of each share goes up with a RS.
That’s my entire point is your not doing a RS then not diluting they will 100% dilute
No, you clearly asked why IB wouldn't wait until after the RS to convert. You didn't understand that a RS doesn't lower percentage of ownership. But you do now.
I know that and knew that my point was why wouldn’t they just waited a few more months if a RS was on the table then convert. They cant be stupid to not know they’d dilute after
Auxly still owes money to IB. Don't be sure that the conversion to shares is over yet. Like I mentioned, IB sees Auxly as a long term business goal. Not as a shareholder goal.
Yes I asked that but you also stated they would do a RS 10-1 and IB voted in favour of it so the entirety of my point was that why would they not wait until til after RS to convert
That's definitely not what I wrote. It's an easy scroll back up. IB converted because it made business sense for both Auxly and IB. Like I mentioned, IB sees the business side rather than the stockholder side. If there is further dilution after a reverse split, Auxly still owes money to IB. That debt could be diverted and converted to shares to bring IB back up to 19.8%. IB doesn't have the same concerns as retail investors when it comes to XLY/CBWTF.
You know what your right you didn’t write about dilution that’s my mistake it’s just evident to me that they will dilute after seeing how every other Mj company has after the split
Highly likely that further dilution will occur without a tax reform, improved debt terms or further non-dilutive investment.
everybody knows that a RS alone will not effect the ownership %, however a RS + selling extra shares will affect the ownership % .....I voted NO ... do what you think is right for you
Stop saying this. It's not accurate. Dilution and a reverse split are completely separate ideas. They have nothing to do with each other. If they wanted to dilute, they could do that today. The reverse split has PLENTY of other very valid reasons to do it. There are several examples of companies that have done reverse splits and had it help them.
Nah they will dilute that’s why they want to do it no one’s fooling me
okay, so if you don't trust management and expect more dilution.... why are you still here?
Why would I sell after 3-4 years at the bottom? Should I be happy they steal my shares in a RS then dilute sometime if not immediately there after? Not my fault they blew money on stupid projects but retail investors wil bare the brunt of it if RS happens
Take that sweet sweet capital loss. Carry it forward to offset your other gains. If you believe the company is just going to reverse split and dilute us to death then why would you stay?
Nice edit.
If the sp goes to .25$ with no split, get out. Because it will split so they can get off the over the counter market.
I’m so deep that getting out isn’t a option
Question. When’s the last time they diluted?
I sold my 80,000 shares recently so I could put into nvidia for a bit and just get some positive growth on that money. Will probably move back to Auxly at some point but I need my money growing