Winning sports teams rarely fire their managers. Losing ones always do.
In the days earlier this year, when it became clear from a short seller report that Aphria (APHA.T) had bought into foreign assets that were largely ‘early stage’ if you were being charitable, and ‘fake’ if you weren’t, the company went through four stages of denial.
Several months ago, Aphria (APHA.T) lost a good chunk of its worth when short sellers accused the company executive and board of (in a nutshell) feathering their own nests by agreeing to acquire properties from themselves, for much inflated prices.
This Aphria (APHA.T) story just keeps getting richer, and the unbelievable lack of respect this company is giving the market and regulators is a sight to behold.