VIVO Cannabis Inc. V.PDA

RE:What do we know?

[rusty777]

Good Day Prizm

I think you have made a pretty accurate synopsis.

Since October 7th we have seen over 12 million shares sold - probably not a lot from retain investors as pretty much everyone is underwater at this point.  Probably some retail investors buying on the off-chance the average down they make may permit them to bial a little earlier.

They have all but said that there is little if any chance in having a positive EBITA this year as they are now looking at 2021 before that happens.  I think there is the potential  for VIVO to do well, there just does not seem to be the will to ake that happen.  It takes a certain skill to drive the share price down from over $2.00 to 13 cents - yes other companies have failed, but many have not suffered nearly to the extent that VIVO has.  Sadly we have a Management Team which appears much more focussed on their own pockets, than on making this company a success.  

I recall someone (I forget who) on this board suggest an entry will be in the 5 to 8 cent range, and he (she) may well be corrrect.  I doubt that anyone will try a takeover here - the cost of the Golden Parachutes will be simply too great to make that a worthwile endeavour if past severences are any indication.  That leaves us with these folks orchastrating a turn-around - possible yes.  The main challenge is the number of shares the insiders own (and this includes both Laflamme bros) make it almost impossible to out-vote them in any way unless there is overwhelming participation by all shareholders (which seldom happens) - they still own sufficient shares to carry the day with a 50% shareholder turn-out.

So, is there an incentive for Management to do what they should do to save the company?  Perhaps, especially if there is an investigation afoot that may be a motivator - certainly they have never shown any interest in working for the company or shareholders benefit but the threat of legal consequences may be sufficeint.  I am happy to see them do the right thing (finally) even if its for the wrong reasons.  I don't really believe there was anything nefarious with the 15 cent offering - these folks simply aren't that smart - was it dumb well yes - the market made that quite clear - but there is now law against "dumb".

GLTA

Rusty