Good Flour Corp C.GFCO

Alternate Symbol(s): GFCOF

Consumer Defensive Packaged Foods

The Good Flour Corp. is a Canada-based company that offers packed alt-wheat flours. The Company manufactures and processes a line of gluten-free and allergen free products for individual customers and larger, food service customers, which include restaurants. Both individual and food service customers are located across North America, Australia and the United Kingdom. The Company's flour products include artisan all-purpose baking flour, regular price, artisan all-purpose baking flour, artisan fish batter mix, regular price, artisan fried chicken mix, artisan pancake & waffle mix, artisan pizza & pasta flour, artisan tempura batter mix, artisan vanilla bean cake mix, bakers’ bundle, pizza crusts, chef’s bundle and batter bundle. The Company also offers Patty Cakes, a potato protein pancake mix for kids.

CSE:GFCO - Post by User

Good Flour Corp > Some mixed signals

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Comment by throwaway11on May 19, 2023 3:00pm

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Post# 35456990

RE:RE:RE:Some mixed signals

IMO my theory was probably accurate. Co. was asked by OTC markets to address promotional activity about itself.

I have noticed that without explicitly searching for it on google, that my post (which I quote here) is not actually findable by browsing the bullboard directly. Not sure if this is a mere glitch or if stockhouse deliberately hid my concerns and doubts.

throwaway11 wrote: Very interesting to see how this stock has behaved so far.

Seems to be almost no user activity on this forum and very few comments over 1 year period on Yahoo page. Not much retail fanfare.

Meanwhile, limited fanfare on Reddit with only one topic that is asking about the product itself and not just a post about the stock. Appears like nothing but stock bots mentioning it on Twitter.

So, this stock is extremely off people's radars.

So??? I am left to assume the volume spikes since Dec are either quiet or private/obscured retail groups. Or, they are even institutional and large private investors. Would that last group even buy the stock at this point because they were convinced it was a good investment?

That wouldn't make sense. The company has revenue growth but still made around half a million in their last fiscal year ending and is only making a few hundred thousand every quarter. With the recent NRs this stock has been priced to $68,000,000.

I assume any heavily moneyed retail investor or institution does not believe this stock is worth anywhere near what it has recently been bought up to close to NRs.

My personal view is that this is an attempt at coordinated manipulation - some kind of a Bull Trap set up by someone.

I would not touch this at this point.

throwaway11 wrote: So most of a year on, come back to this stock to see a fair sudden uptick. ~$150k of shares sold by institutions so far.

Not sure if I would invest in this based on what I am reading in the contents of share capital in their latest statements. The panago news is very good but I think the downside is big at $23m and all the paper described there.