RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What's Going On People???jomen1789, I honestly don't know what Casey Hoyt and his team need to do to erase the negative tone surrounding this company. I don't think they really believe there is one, or most likely they don't care. Their pockets continue to be filled, and like most companies they don't care about their shareholders. Management and insiders always come first, then the institutional money comes second, the retail guy always comes to the table last, just the way it is.
Management has made a few bone head moves in my view, that has negatively impacted the share price. Two that come to mind are the rediculous Phantom share plan, and the shelf life prospectus. Some of their press release's are lacking critical information, their lack of material news has always been a problem. All the shareholders have to look forward to are the quarterly financials, it isn't enough, especially if the numbers fail to get the markets attention.
Look we are all slowly coming out of this pandemic, the company hinted that business was showing strong signs of returning to normal. Hopefully that is in fact the case, however i believe the markets and analyst's will need to see at least a couple of quarters of solid proof before they are confident in VMD again. In my view share buy backs are hit and miss, sometimes they work, sometimes they don't, timing and the environment for the company is key for buybacks to work.
I would rather see inorganic growth through acquisitions, but management doesn't really seem to be looking very hard based on comments from the last CC. The VA initative has been talked about for at least 2 years, progress is very slow to materialize into a contract for the company. I think at this point in time if you own shares, I would personally rate the stock as a hold. Many here will disagree so be it, they need to prove the stock should be trading at $16 bucks Canadian based on fundamentals, not because the Russell Index ran the stock up. GLTA