GREY:VGFCQ - Post by User
Comment by
CanadianKiaon Nov 24, 2021 10:07am
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Post# 34161066
RE:Reduced revenue
RE:Reduced revenueNot sure why somonee would buy shares at 1, 2, 3 bucks for a company that make 2.5M a quarter, has almost 100M shares outstanding and its operating at a loss.
this will eitehr get delisted or they will do a stock split as it will naturally continue to fall. they need to be at $25-$50M a quarter in revenue to stay relevant.
divime1 wrote: is an indication they are losing repeat customers . You will get the curiosity buying to check out new products but you need those people to be steady customers . It doesn't look like that is happening when you compare this quarter to the last quarter . Comparisons to a year ago doesn't give you the real story for a new company .