3 years ago Auxly was in financial trouble. They had to obtain an Inventory + Accounts Receive Loans to keep their lights on paying the lenders 19% interest. Now things changed Auxly lended $2m to Ayurcann receive 12% interest income. Auxly has 42m in the bank account they can do many things with that.
In 2019 Hugo made a bold prediction he said by 2025 Auxly will be # 1 Cannabis Licensed Producer in Canada. His prediction is off by one year. 2026 will be the year for Auxly sales in Quebec and British Columbia Provinces are increasing. It does not take much to catch up with the current #1 player Organigram their currently quarter sale is 53m in Canada. They gets all the attentions. Auxly is quietly climbing up the ranking current quarterly sale is 40m.
Tried Robinhood Prediction Markets for the first time during UFC 328 because Joshua Van was fighting. He’s one of my favorite fighters, so I decided to bet on him.
I made 3 separate buys:
So I already paid fees on the purchase side.
Then I got cold feet after watching some MMA YouTubers saying Joshua was going to lose, so I sold part of my position before the fight:
So those positions were already closed at a loss, and I already paid the sell-side fees on them.
After that, I had 10,000 contracts left. Joshua won, so those contracts paid out at $0.99 each = $9,900. Robinhood deducted another $200 fee, leaving me with $9,700 in credits.
Based on that, I expected about $5,700 profit from the remaining 10,000 contracts.
But Robinhood is only showing $4,942.08 in event contract profit, which is $757.92 short from what I expected.
I reached out to support, and the agent said there were no accounting errors on their end. He said the $757.92 difference was commission/fees, but that doesn’t make sense to me because I already paid fees when buying, when partially selling, and again on the final payout.
The partial sells were already closed and accounted for, so I don’t understand why they would reduce the profit from the winning 10,000 contracts again.
Support also kept saying I made around $12.4K total, but it sounded like they were looking at total credits/cash movement instead of actual profit. I asked for a call because chat wasn’t helping, but the call didn’t clarify anything either. It felt like the agent was just trying to justify the number instead of actually walking through the math with me. When I asked to escalate it to a supervisor, he even sighed.
Am I misunderstanding how Robinhood calculates event contract profit, or does this actually seem off? From what I can tell, I’m $757.92 short, and saying it’s “just fees” doesn’t add up when those fees were already deducted at entry and exit.