TSX:BBTV.DB - Post by User
Post by
CanadianKiaon Jan 18, 2023 8:20am
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Post# 35230054
Great example to learn from
Great example to learn fromsince everyone wants to pretend like there is hope here, you should look at VERY's track record. Another canadian company that IPO'd and promised to compete with beyond meat. they actually had some sales and looked like they might have a chance. I bought shares in this eary on as it went up to insane evaluations and sold when i hit 10K as non of the fundementals started making sense. they were at over 80x PE value and they started bleeding. They had prodocts that sold, but couldnt keep up with competitors as welll as increasing their supply chain capacity fast enough. People were claiming it would do better than beyond meat. I questioned it on the forum and all the scammers/pumpers kept pumping their nonesnese and told me i could not be more wrong. This happpned when i questioned it at 8 bucks. it happend at 5. It happend at 3 and even when it dropped to 1. Now, here are the result. it went from 1-2 bucks up to 10 and plummet back down to $0.09. Now...this:
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2023) - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY) (FSE: OSI) ("VERY GOOD" or the "Company") announces that, on January 16, 2023, the Company was placed into receivership pursuant to an Order of the Supreme Court of British Columbia. BDO Canada Limited (the "Receiver") was appointed as the Receiver and will shortly be commencing a sales process to solicit bids for the assets or a restructuring of the Company. During the receivership, the Company will continue to operate and a buyer will be sought for the Company on a going concern basis.