Canadian cannabiz critic Rob McPherson isn’t happy with Terry Booth Over Share Sell Off

Thanks to Weed Week for highlighting this

As they used to say in the UK kids comics of the 1970’s. “snigger snigger”


Rob McPherson’s Post

Ex-P&G/Sandoz/Kraft Foods/Bacardi – *NOW POSTING EXCLUSIVELY ON SUBSTACK (all the best stuff)*

12,200,000 x $12.60 = $153 million

Could this be right? Because, if it is, it is oh so very wrong.

The Aurora share price on March 20, 2020, was $12.60. So if 12.2 million shares were sold at that price, it would generate $153 million. All for losing, what the Aurora Balance Sheet showed as of the year ending June 30, 2020 (he was fired in February, 2020), an accumulated deficit of $3.6 billion, and IFO loss of $3.4 billion and an operational cash burn of $338 million.

Well played…and so many got played *EDIT – I was advised that I was using the RSS price and the market price in March, 2020 was ~$1.25.

That means Terry would have only gotten about $15.3 million…I am now heading over to set up the Gofundme page for him, as it would be unfair to think he could live on that (of course, I also assume there were a couple other share sells, along with the cash comp). But still… “Gofundme – Please Help An Electrician Buy His Third Yacht”*


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