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3) Is it true that if you set up an open sell order with an outrageously high ask price, your broker cannot lend your shares to short sellers because you have an active trade order? NO – your broker may still lend your shares out.
And this is the source of the hucksters’ power – they commingle what may be true on a case by case basis with something that is not true. And then they are done. Others accept it as truth and repeat it. I refer to such well-meaning good Samaritans as “friendly fire”. As hard as this may be for most to believe, a well-known stock promoter stated on May 1st that investors were selling their shares in existing cannabis companies solely to buy shares of TGOD when it listed on May 2nd. Such a statement may of course be true for some who likely did just that, but I was left with the impression that the author was insinuating that the smart money was all moving to what the author may have been suggesting could be a top Licensed Producer. Others I consulted shared this impression. This story was shared several times by others (friendly fire). Much like the short seller stories referenced above, I immediately fast tracked to the end of the piece to find the truth:
FULL DISCLOSURE:
TGOD is a __________________ marketing client, and we got some of that early stock …
One just needs to understand the true motive behind pieces such as the one referenced above and the two aforementioned pieces written by short seller syndicates.
TGOD of course was our feature company and on our cover in February and with good reason and Aurora Cannabis is a significant shareholder of TGOD. TGOD was then the cover of our CannaInvestor Private Company edition in March. A leading source for valuable information (CannaInvestor Magazines) and the backing of Aurora is all that is needed to know the likely long-term outlook of TGOD. On May 11, TGOD appointed Aurora’s Cam Battley to its Board of Directors. My own gut on this is that TGOD will fit nicely into the Aurora family. CMED and LEAF for top quality Medical Grade Cannabis plus their international operations. Aurora itself perhaps primarily for recreational and backfilling any gaps and Aurora too has an impressive international presence. TGOD will be premium high ROI organic for that niche. In time, I would not be surprised to see ACB’s stake in TGOD will increase as well as its stake in Hempco Food and Fibre. Remember, HEMP is expected to potentially be a trillion-dollar global industry within a decade. But we know as company’s pay a premium in shares for acquisitions what happens to the supply of shares and the resulting downward pressure on share price. Therefore, I would not be surprised to see Aurora undergo a share consolidation once they take a breather from M&A activity.