GREY:CHALF - Post by User
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Here4thekekson Oct 16, 2022 9:07pm
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Post# 35028148
DD Q: Why -99.6% in 8yrs and -89% in 16mnth after the split?
DD Q: Why -99.6% in 8yrs and -89% in 16mnth after the split?
WHY HAS CHALICE FAILED IT'S INVESTORS?
Companies like Chalice that fail very often have a culture that makes them more likely to fail.
Golden Leaf before the Reverse Split and now, CHALF price is worth ONLY 11% off its value ONLY 16 months ago while the Market Cap is down by -300% to US$9MM.
What were some of the warning signs?
Complacency:
The sin of complacency has DESTROYED many companies in the past, and has cost many others their market dominance and profits. Just because the first year was successful because of a new sector market, it doesn’t mean it will go on being successful in the future! CHALF today, 8 years later, is worth ONLY 0.4% off its value.
Errant executives
Another surprisingly frequent warning sign from Chalice is that a business is in danger is when executives make more headlines in the bathroom than in the boardroom. Simply, 6 managements failed and are failing to handle failure. Constant changes in management were a big failure. If it ain’t broke it’s because you haven’t looked hard enough. Fix it anyway.
Management in love with debt
Also Crazy about futile losing acquisitions when their core business is failing. Highly leveraged, DE ratio at 68 meaning for every $dollar Chaice owns it owes $68 in DEBT
Prioritizing numbers over people
There is a prevalent idea in this business that you can’t manage what you can’t measure. Instead someone hires a cheap ignorant manipulator from a Port Huron, Michigan, to do the typical pumping, fake news feeds, organized lying and An obsession with false advertising using a scheme of lies or a series of 30 fake aliases to spread fake news about “winning” while in reality (as numbers show) hope is being diminished. Companies that boast about their revenues, never mention profits and other signs of growth as though these were the only things that matter are setting themselves up to fail
Sinking in debt
Getting deeper every quarter in debt and even borrow to operate yet (AGAIN) the debt shows that for every dollar they own , they owe $68 in DEBT. November 22 is their deadline
NO FINANCIALS FOR A WHOLE YEAR & HALTED IN CANADA
Non-stop excuses all in an attempt to hide numbers from investors
CFO RESIGNS, AUDITORS QUIT (or fired or both)
WHAT A MESS AND THIS SEALS this presentation