Avricore Health Inc V.AVCR

RE:RE:RE:RE:RE:RE:RE:WTF

[Sdmsdm]

Wolverine7294 wrote: Red Flags;

1.  Why did the company not put out news releases.  They had the opportunity to showcase what they have accomplished but chose not to.  This is a major blunder in my opinion.

2.  The stock has dropped from $0.58 to $0.33 in a matter of a couples of weeks.  A drop of $0.25 is huge in such a short period of time.

3. A sudden drop of auditors to an outfit that seems to only handle penny stocks.

Responses:

1. Yes probably a blunder but as you helpfully point out much has been accomplished in a couple of quarters of commercial activity including growing sales to almost $1m per quarter. I am not sure this qualifies as a red flag as all regulatory requirements have been met but obviously each investor needs to take their own view on the lack of news release. 

2. The company is not responsible for this. It is a big drop and I am not happy about it but within the context of newsletter pumper and his followers dumping c2m shares into the market its not that surprising. Additionally we have seen traders who bought in anticipation of a broader promotion of the story leave the stock. Also its May and resources is the hot sector for hot money.

3. I think use of the word sudden there is a little inflamatory. Anytime a company advises the market its changing auditor could be described as such. The key question for me is, is the company they are moving to accredited to conduct audits? I have looked and YES they are.