OTCQB:VVCIF - Post by User
Comment by
WinterBaronon May 15, 2020 11:20am
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Post# 31033501
RE:Maybe time for Vivo to sell
RE:Maybe time for Vivo to sellIt has almost been 3 years with Fishman and his management group during which we have seen a steady decrease in cash .
While company does still have a reasonable cash reserve there is no indication that the business plan can produce positive cash flow and profitiability in the forseeable future.
Yes, they have again stated the "Goal" is to achieve these but nothing suggests they are cabable of doing so.
It's too easy to look around the industry and find companies who have been able to generate positive cash flow (such as Aleafia) , so I agree...It may be time for VIVO to sell to a more strongly managed, lower cost producer while they still have value and potential.