GREY:ARDWF - Post by User
Post by
Gogogreenon Apr 03, 2016 12:55pm
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Post# 24725374
my observation
my observationSP has 2nd drop recently with light volume and $ amount. It is different from previous major sell-off. I believe the major sell-offs were done but still some shares leaked from them and other panic shareholders. From timing-wise, like someone posted here those sell-offs were triggered from pissed staffs and board members who left company. Those two ex-board members stayed in VEG boards for only three months and may not care about what selling price. I guess they got lots of shares from private placement at 25 cents so we can see last sell-off stopped and bottomed at around 25 cents. In addition, someone posted here that a big shareholder worked in Canacord died end of last year and her sister sold all his shares. We all saw how Canacord dumped shares and gone. VEG is listed in TSE and was thinly trade last year. All of sell-offs suddenly happened between end of 4th quarter and before financial result announcement, so some of buyers and sellers are panic. It does not mean VEG has anything wrong in finance. Some of investors just follow trend without doing much homework. So it’s why VEG SP is near 52 weeks low. The press release on Jan 28 is most reliable source for investors to analyze. It was given after Q4 and during sell-offs. I don't expect too good result on Q4 since VEG needed to initially invest on land, equipment, vehicle, office...etc. And they sold the products on the spot market. I expect it is a reasonable financial result. I am confident on VEG. Jeff is the person who knows what is going on and is willing to personally guarantee a $5m debt (03-15 release). It explains Armordeck’s recent post for new land working on. We all know more lands in production means more $. Once uncertainty is cleared out with financial report, stock will rebound swiftly. VEG has 1500+ Acres in production, several customers plus USDA certificate. Like what Jeff Sigel said “It’s a money machine.”. The current SP, market cap is close to the money($10m+) they have raised. It’s unrealistically low and won’t last long. Institution buyers like agriculture stocks. Organic producers play big role now and future. Jeff can grows VEG big or sell it like WND(over $400m). VEG will attract more big buyers like an insider purchased 10mil shares at 40 cents end of Q4. For common sense they did a lot of homework before making their investment. I personally keep it as a long term investment. I look forward to seeing it shines in Nasdaq in a year or two. This is my own opinion based on my speculation, please do your own due diligence before selling or making any investment. Good luck to every one.