OTCQB:VVCIF - Post by User
Post by
skibummon Apr 10, 2020 5:23pm
361 Views
Post# 30897946
Still lots of headwinds for Vivo
Still lots of headwinds for VivoI have full position in Vivo and looking forward to 2020 for Vivo to grow the business & hopefully become profitable to distinguish itself as a mid-cap leader & legit company, in the Wild Wild West of Potland. After the chitshow of Clement,WIlson,etc of Abcann team....I think Fishman is the right choice to lead the company into the future and a turnaround. However, check the latest financials and will see 1)$15M dispute with Auxley (arbitration), 2) disastrous $5M investments in Meta (.10) and Decibel (.08), along with investments in Cxxi/c and Friendly Stranger. Also, mgmt loves handing out almost freebie shares to themselves (last .21)....so let's see if they can deliver. Lot of huffing and puffing going on, but Q4 results were lousy (but so was everybody elses), and stock price is lingering near the lows. I have been buying & adding to my position here so I am betting that Vivo is going to be one of the few winners once the bankruptcies/buyouts/mergers are finished, and Pot market stabalizes and flourishes into latter 2020