RE:87% down on my investment... ship abandonedI agree. BUT - They have enough products - more than enough- product depth is NOT the issue. When they cannot make deals with the products they currently have - they wont be making any deals even with new products. This is a company that provides generic prescription products. As stated earlier- i did some digging. Posing as a small chain pharmacy group - i called and attempted to obtain - product and pricing. Ummmmm they dont have all of the product they list !!! i was asked if i wanted "short dated" product for now !! WTF is going on here? How can the captian of the ship let this happen ?
Then i posed as a doctor and called a bunch of pharmacies in the area that i thought would stock this brand. None !! ZERO !!! No one!! i called maa and pa shops to medium and large size chains.
If pharmacies in your back yard are not stocking and supporting a local company - then who would ?
I did even more digging and heard some not so pleasant things about board members, employees, x board members. Just a lot of bad all around.
farewell and good to all - get out fast or write it off
4th private placement - in how long ? they are taking money from hard working people and then hardly working themsleves-- yes more digging
The previous guy has lawsuits and other stuff going on - he leaves .. then .. a new guy ..what has he done since coming on board ? what is this guy about ?
i took a hit - not happy - especially knowing that this could have been had the CEO's been actual CEO's
https://www.vancpharm.com/wp-content/uploads/2017/03/Q2-2016-VANC-FS-FINAL.pdf
THE END