Very Good Food Company Inc VGFCQ

The CEO is bailing. Just sold $2.5 million worth

[Blgvisclosed]

Filed 2021-01-31 00:26   Tx date 2021-01-25	$VERY The Very Good Food Company Inc. (formerly The Very Good Butchers Inc.)	Scott, Mitchell Andrew 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-205,056 -28,800 vol $7.12 each	13,924,533
Filed 2021-01-31 00:25   Tx date 2021-01-25	$VERY The Very Good Food Company Inc. (formerly The Very Good Butchers Inc.)	Scott, Mitchell Andrew 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 11 - Acquisition or disposition carried out privately	$-2,310,000 -350,000 vol $6.60 each	13,953,333

[2Moneymaker2018]

where did you see this? Nothing on canadian insider

[gldesign1962]

Selling a very small amount of his shares!

[Blgvisclosed]

He sold roughly 15% of his holdings in one go,    thats not a small amount.

[veganvic]

I though he had about 14M shares. That's worth over $90M. In which case  he's sold much less than 15%.

[CanadianKia]

Key point here is, how much did he get those shares for?  selling and making 2-3M does not mean the company will collapose tomorrrow

[Blgvisclosed]

He had nearly 15 million shares, he now has just over 12 million shares.  Thats around 15% of his holdings

[veganvic]

He still has about 13.9M shares  see info today at the Facebook Very Good Food investors group. 

[Blgvisclosed]

Sedi insider report  Ceo.ca/very   

[freeradical1]

The bigger issue is that the CEO is selling privately at a big discount to the market. People buy for lots of reasons but only sell for one.

[2Moneymaker2018]

he still almost 14 million shares. If you worked for years making a company would you take a little for yourself. Glta

[freeradical1]

It is HIGHLY unusual that the CEO of a newly listed company starts dumping millions of dollars of stock within months of going public. Even more unusual that he/she is selling privately at a big discount to the market price.

[Blgvisclosed]

Well he is... see below Filed 2021-01-31 00:26   Tx date 2021-01-25 $VERY The Very Good Food Company Inc. (formerly The Very Good Butchers Inc.) Scott, Mitchell Andrew 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership Common Shares 10