RE:Just had a talk with management at VGWYeah, as bad as the optics are, I sold about 20,000 shares at $4.40 and bought them back at 4.06 around 2pm. I think this will blow over fast, definitely as soon as Valens announce something juicy.
TheBananaMan wrote: Hi guys, I was just on the phone with management at VGW. Before sharing this I did ask if my phonecall was confidential or if I could share the info, and I am allowed to share...
I asked for clarity about this consulting firm we had to buy, here is the reply :
¨¨The deal to sell this liscence (Supra) was done a while back, before Tyler was CEO and under a different board. It was at a time where the company had almost 0 cash left, so they needed the money badly and they just wanted to sell this liscence... So the terms of the contract where Sh!t as we all saw... Now it only made sense for the company to terminate this contract and this was the best way to do it... And they disclosed everything in Q1...¨¨
So there is nothing shady on their part, they got a bad deal when they started that will cost us a few millions and some dillution, but in the future this represents almost nothing for this company !
I'm not selling !
GLTA
Hope I could help, if you guys want to talk in person with them I would advise you to sent them a email if you don't believe me !
Peace
TBM