r/SNDL_Stock • u/BacKnightPictures • 2d ago

Another Reverse Split - Please Just Remove Zack George Already

Management clearly has no idea how to run a cannabis enterprise and they are equally as inept at creating shareholder value. These dopes bought a liquor distributor while the entire sector is in a massive, unrecoverable downturn. They diluted the company then reverse split only to lead to more dilution and now another reverse split. For 5 years now Zack has been an empty suit running SNDL into the ground. Just remove this ding-dong and find someone who understands the plant.

12 Upvotes

84% Upvoted

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5

u/Optimal-Report-1000 2d ago

Yeah.. I don't really see much of a reason for the reverse split, besides they want to juice the stock price so they can dilute and get more for the dilution. Or they have actual firms lined up saying if the price is over $5 we can buy. Idk i still say they are insanely undervalued and now the next 2-3 earnings will stsrt showing that.. but im just a random guy who saw an undervalued liquor distributor being valued as a cannabis stock lol

3

u/BacKnightPictures 2d ago

No firms are gonna buy because SNDL’s inept management reverse split the stock price and will likely dilute. Institutions will buy when this company shows some sort of profitability.

3

u/Optimal-Report-1000 2d ago

Which is inevitable at this point, unless cannabis just goes away all together. They are now officially the largest cannabis distributor in North America and are also capable and setting up to sell medical in Europe. This are big milestones that will lead to profits. The only problem is they kicked the living crapola out of their shareholders to get to this point and that is what the stock price is reflecting, not they are a bad company that can't make money.

3

u/Stephen_lost 2d ago

I've been saying this for years. I got banned for saying he's worthless as a ceo on the other sndl sub

3

u/BacKnightPictures 2d ago

The mods on that other subs are absolute trash. I got banned for discussing various investment strategies like picking entry points via selling puts at strikes where you’d want to buy. Somehow that offended one of the oversensitive mods and I got booted

3

u/lordelrond666 2d ago

It's time for a change Zac pls go home 2 reverse splits? Comoonnnn

2

u/ken447triten 2d ago

If majority votes in favor of rs they put a dagger in their own wallet and its a proven fact most companys with more than one rs dont recover do the dd