VIVO Cannabis Inc. V.PDA

RE:Insider sales

[buddy13]

Alright, so let me get this straight. Danny "needs money" so he has to sell 20k shares/day - at any price, for the next year (though really, probably beyond). Is that right? So, the $21 million that he pocketted last year (Ray took home the same), plus a salary of about $230k/year, plus bonuses, and 'performance' shares makes him desperate for cash? Quite the lifestyle!

If you're saying that he's entitled to it, no argument here. These are his assets to do with as he pleases. The real question is whether it's responsible to do so when the share price is where it's at.

The enterprise value of VIVO is now lower than all other LPs, except Invictus! Do you honestly think daily insider selling doesn't affect where this is at? These may be small amounts, but volumes have been low. Also, the algorithms that drive short selling include insider selling as a variable and reinforce the trend. And in a month he, and the others, will be granted 'performance' options at a super low price, that he contributed to driving down. 

You might be sanguine about the prospects for the company. But it won't survive much longer if this keeps up. VIVO could probably be easily bought out for under $0.40/share right now, which would still be much lower than its EV on the day it went public. What a disgrace! He can and should do the responsible thing and wait until the price and market recover. This is also a paramount management issue, and Barry needs to address with urgency.

If you agree, tell him so directly: barry.fishman at vivocannabis.com