BREAKING NEWS: Aphria a Scam?? скачать в хорошем качестве

BREAKING NEWS: Aphria a Scam??

Run by Vic Neufeld, Shares in Canadian cannabis company Aphria Inc. fell to their lowest level in more than a year on Tuesday after a short seller (QRM) published a report alleging the company has wasted hundreds of millions on foreign acquisitions that are essentially worthless. The spotlight is on Delavaco and his insiders potentially scamming shareholders out of money. At a short-selling conference in New York, Gabriel Grego of Quintessential Capital Management outlined his report on the Leamington, Ont.-based company, calling the company a "black hole for shareholders' money." Quintessential Capital Management and Hindenburg research alleged in a report published online Monday that the Leamington, Ont.-based pot grower had acquired foreign companies in countries including Jamaica, Argentina and Colombia at “vastly inflated” prices and in ways that it believes benefit a group of insiders. “Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets,” the report said. Aphria shares fell as much as 29 per cent to $7.38 in heavy trading on the Toronto Stock Exchange on Monday morning. The Leamington, Ont.-based cannabis producer’s shares recovered slightly by Monday afternoon but then slipped again to close at $7.60 or roughly 27.7 per cent lower than its closing price of $10.51 on Friday. After Monday’s price plunge, Aphria has a market value of $1.9 billion. On the New York Stock Exchange, where Aphria listed its shares in November, its stock was down as much as 30 per cent to US$5.60. The stock closed at US$6.05 or 23.4 per cent lower than its previous closing price of US$7.90. Quintessential and Hindenburg called the company a “black hole for shareholders’ money” and said they are short on Aphria. By selling shares short, investors makes money when the price of a company’s stock falls.