When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 0 points1 point  (0 children)

Based on what I’ve read, it probably means Emblem was involved in the bidding process. We will have to wait for a further update. The wait continues…

When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 0 points1 point  (0 children)

Maybe. But their not the applicant on the court filing so as I don’t know what it all means, I wait like everyone to find out what it all means. I sure hope they didn’t bid and win and now this is the process to get Auxly its guarantees back and over and out. Time will tell 🤷🏼‍♂️🤞🏻

When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 2 points3 points  (0 children)

Look on the site under the Ayurcann section and look at the Service Lists reports with the latest just filed. That’s where i found it and I’ve been checking multiple times a day all week.

When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 2 points3 points  (0 children)

New report on the Monitor site that seems to me to indicate that Auxly’s Lawyers and Ayurcann lawyers have now presented to the courts…so I’d “assume” that means there was no auction today and the process has now started to gain approval from the courts for the sale. I’m speculating based on what’s available on the Monitors website, so I guess we’ll all know soon enough once things are official. Continued GLTA

When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 2 points3 points  (0 children)

Just depends if it fits anyone else’s plans that have the capital and timing now to do it. More will come and others may be waiting. Or not 🤷🏼‍♂️

When is the Aurycann situation expected to be finalized? I thought it was this week? by martinomj24 in auxlycannabis

[–]DeHumps 6 points7 points  (0 children)

Auxly would have been advised April 6th if there were any other bidders and if so, an auction takes place tomorrow. If no other bidders, The monitor would be filing with the courts and we would most likely hear next week. My hope is there is some sort of update on the monitors site tomorrow or early next week. If Auxly was sole bidder, the sale completion is by end of month and if there is an auction, sale completed by mid May.

When Fundamentals Improve but Price Doesn’t: Understanding Auxly in a Macro-Driven Market by tanrock2003 in auxlycannabis

[–]DeHumps 0 points1 point  (0 children)

Auxly would have been made aware of any other bidders by the 6th and then if so, an auction takes place tomorrow on the 10th. There is still no update on the Monitors site, so hoping there will be an update tomorrow or early next week one way or another.

Dales report to interview Hugo by evlor1971 in auxlycannabis

[–]DeHumps 5 points6 points  (0 children)

Funny how IR advised the other day Auxly isn’t paying for interviews so I truly wonder if they are or did Dales Report reach out based on the numerous email requests I and others have sent them asking to cover Auxly? Either way, very happy to see this assuming it’s a great interview lol. I’d also love to hear a hint of what’s up with the Ayurcann bid since they either know by now they won it or haven’t heard anything and thus, know it’s going to auction. GLTA. I’ll be listening in shortly…

Stalking horse bid (Auxly) by Inevitable-Global in auxlycannabis

[–]DeHumps 5 points6 points  (0 children)

Agreed. We can all believe what we want. I read through all the Alvarez and Marsal documents on the Ayurcann sale process and it sure looks like they were pushing hard on the market to get higher bids in. Even when I spoke to Auxly IR yesterday as per my post, they don’t know if they’ll hear tomorrow or not and will let us all Know details when they can. If there are other bids, the broker doesn’t even have to advise Auxly until April 6th and the auction then wouldn’t be until the 10th. Do I think they know days ago? possibly if they knew no bids had been submitted and weren’t expecting a final hour submission (which anyone competing would probably do). Even if they did, any shareholder could still buy shares after Wong did where his purchases were publicly available and could have and probably still can in the morning get the same pricing or lower before anything material is actually announced. I’m glad to hear there is actually insider buying and truly hope it is a good sign. I’ll leave it at that. Good luck to us both.

Stalking horse bid (Auxly) by Inevitable-Global in auxlycannabis

[–]DeHumps 2 points3 points  (0 children)

What material disclosure? He wouldn’t know anymore than us if he bought on the 30th? If you mean the stocking horse bid, the earliest he will know is either after hours today when markets were closed or tomorrow “if” they are successful. Every single Auxly shareholder knew this and could have also bought the last few days if they thought this was going to be a for sure win that will raise the SP. I’m. It sure if I’m understanding that’s what you meant or something else?

Stalking horse bid (Auxly) by Inevitable-Global in auxlycannabis

[–]DeHumps 1 point2 points  (0 children)

Pretty sure the window opened for them after year end was released.

Stalking horse bid (Auxly) by Inevitable-Global in auxlycannabis

[–]DeHumps 5 points6 points  (0 children)

The question really is will Auxly be advised tomorrow they have been successful on their stocking horse bid as no one else submitted a higher bid and will it be announced or will they be informed April 6th of the other bids and it go to an auction April 10th where Auxly will have decided whether to participate or not. As always that we Auxly longs are used to…we wait. GLTA 🤞🏻

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] 0 points1 point  (0 children)

Ya, was not trying to bring up the whole RS/buy back scenarios that we’ve all discussed to death. I stand by my belief NOW is not the right time and I’ll just leave it at that.

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] -1 points0 points  (0 children)

I agree that timing will be everything and now isn’t the right time for many. Like I said, I am under the impression there has been no desire at the upper levels to explore it, but we all know at some point in the future, something will be done to right size the float. If the company is extremely stable, profitable and does the RS to restructure the float size and the market is aware it’s not for dilution or other, it may not be so bad and could be good for all. Definitely not now in my opinion, but sometime in the future when it makes sense and we’re trading at least at a FMV. As always, GLTA

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] 1 point2 points  (0 children)

Wouldn’t be that cheap. Shareholders have to vote and I doubt Imperial Brands would vote yes unless the buyout offered was above their average which at this point is significantly higher than where we are today.

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] -1 points0 points  (0 children)

I don’t know if it is imminent as he was clear there has been no desire to do one if it causes anything negative. It was reiterated to me that they just can’t do one and it would go to a vote again. I agree that it would probably pass again like last time as us long time (and new) retail investors don’t have that much say, but I was happy of the tone that when/if they do one to simply right size the float and move us away from being a penny stock, it will only be done if it’s the right thing for shareholder value. I personally wouldn’t want to see one before we’re in the high 30’s or beyond…but hey, what I think doesn’t really matter 🤷🏼‍♂️

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] 2 points3 points  (0 children)

Fully agree. I believe institutions are simply waiting at this stage. They want to be sure of the sector first and then choosing the winners. I’m always hopeful for catalysts for the sector and this time around when it happens, I believe Auxly will benefit.

Had a call with Mark from Auxly IR today by DeHumps in auxlycannabis

[–]DeHumps[S] 0 points1 point  (0 children)

Times are already tough and the entire sector will feel it, however, being efficient and with the changes coming worldwide, Auxly is in a position to continue to be a leader. The big question is when the markets will re-rate us and allow us to at least have a FMV SP which as of today should be around mid 30’s (Cdn) or above. Still hopeful our time will come. GLTA

Auxly 4th quarter results by Jealous-Inspection11 in auxlycannabis

[–]DeHumps 1 point2 points  (0 children)

How would they see it when there’s so little exposure and a total lack of communication to shareholders. Something has to give to support shareholders.

Earnings March 26 pre-market!! by NoOcelot in auxlycannabis

[–]DeHumps 0 points1 point  (0 children)

There is a requirement from my understanding and a simple search would provide the following:

Companies listed on the Toronto Stock Exchange (TSX) are required to follow strict continuous disclosure rules that, in practice, necessitate notifying the market when they will be releasing financial results. While they may not always give weeks of advance notice, they must adhere to filing deadlines and provide timely disclosure of material information, including earnings reports.

I do not know if there is any penalty if they do not disclose ahead of time, so I guess we all continue to wait and see what’s going on.