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Bullboard - Stock Discussion Forum ORAGIN Foods Inc V.OG.H

Alternate Symbol(s):  OGGFF

Consumer Defensive Grocery Stores
Oragin Foods Inc. is a Canadian multi-pronged food company. The Company operates through a retail division, Organic Garage, and a Consumer-Packaged Goods (CPG) division. The Company also houses a Retail Division, which owns and operates natural and organic food retailers, Organic Garage.

Bullboard (TSXV:OG.H)

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Comment by financemajoron Oct 25, 2022 6:43pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

This is your biggest problem. You are treating this like it is a growth tech company. They are completely different models. Those companies have far superior financing access as VCs and lenders have ...more  
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Discussion
Comment by rwfreshon Oct 25, 2022 5:19pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

> Profit is always the goal of every company You would think that.. but you are wrong. It is the goal of private companies OR well long established businesses that pay dividends. Growth ...more  
108
Discussion
Comment by financemajoron Oct 25, 2022 4:03pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Off the top of my head, I think of Nature's Emporium, Goodness Me, Ambrosia, Whole Foods (which directly competes with them in multiple location areas), and then there's the chain stores which ...more  
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Discussion
Comment by rwfreshon Oct 25, 2022 2:47pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Well this is true, but means very little to your point. When they went public is when they started going wrong. They added two stores that have never been profitable and continue to drain the company ...more  
102
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Comment by rwfreshon Oct 25, 2022 2:42pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Sorry you are right, I don't have any official statements referencing closure time. In a recent PR: Sales decreased from $7.0 million to $5.7 million and was significantly impacted by Organic ...more  
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Discussion
Comment by financemajoron Oct 25, 2022 2:40pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Well this is true, but means very little to your point. When they went public is when they started going wrong. They added two stores that have never been profitable and continue to drain the company ...more  
124
Discussion
Comment by financemajoron Oct 25, 2022 2:35pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

"While the stores were being overhauled they were CLOSED."  The stores were not closed. This is false. Renovations does not equal store closure, which was the case here. Please find me ...more  
109
Discussion
Comment by rwfreshon Oct 25, 2022 2:32pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

I'm taking a bit of a gamble here but I've over doubled my investment since the stock started falling below .08 cents. The reason I've done this is because the reno'd stores are back ...more  
99
Discussion
Comment by rwfreshon Oct 25, 2022 2:29pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

> Expenses are way way down They just completed major overhaul renos on multiple existing locations. While the stores were being overhauled they were CLOSED. This is why revenue was down. All ...more  
93
Discussion
Comment by rwfreshon Oct 25, 2022 2:27pm

RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

> What money has been pumped back into growth the last five years exactly They've added stores (liberty village off the top of my head) and reno'd existing, they've added services ...more  
216
Discussion
Comment by financemajoron Oct 25, 2022 1:28pm

RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

They don't really seem to have significant cash-flow problems. They just completed major renos. They are done. Expenses are way way down this quarter compared to previous couple of quarters. If ...more  
95
Discussion
Comment by financemajoron Oct 25, 2022 1:01pm

RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Typically, I would tend to agree with this point. It is a reasonable option. However, why does any lender demand payment of principal? The lenders in this case may feel as if the stock options accrued ...more  
109
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Comment by rwfreshon Oct 25, 2022 12:27pm

RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

I don't think they will convert. They will just continue collecting 80k interest every quarter. > significant short-term cash flow problems that they cannot overcome through operations ...more  
97
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Comment by rwfreshon Oct 25, 2022 12:21pm

RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

> Can you provide any supporting evidence that they have any significant relationship with Loblaws?  No I can't, I thought there was something announced. Relevance would be avenue ...more  
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Comment by financemajoron Oct 25, 2022 11:34am

RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Maybe I am wrong about the holders' willingness to convert the outstanding principal into stock? I do not believe I am and think it is more likely than not that they choose not to convert, but let ...more  
84
Discussion
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