Very Good Food Company Inc VGFCQ

Why no stop-trade?

[Allthewaydown]

The proper way to handle disinformation is to manage it by stopping market action. The company was notified by regulators on October 29 when the stock was at $3.30, and they let about 14 million shares trade over four days, running the price up 72% before notifying people - and even then without a stop trade? Don't even think about blaming a 3rd party after that amount of time.  One can hope that this was an amateur mistake on the part of the management team, but it is not likely to go away. The amount of money wiped off the market cap in the last two hours of trade this afternoon was over 100 million. Is it even remotely possible for this to be resolved without a class action? If the team has any sense whatsoever they will stop all trading until the situation has been properly assessed and investigated by regulators, the possibility of illegal manipulation can be eliminated, shareholders can assess where they stand, and a more carefully thought out press release can be issued. Stop the damage, get a good lawyer, and listen to him or her before you end up in your own meatless grinder. A few days of due diligence might make all the difference. Stranger things have happened, but I will be completely shocked if this just "goes away".