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Bullboard - Stock Discussion Forum Affinor Growers Inc C.AFI

Alternate Symbol(s):  RSSFF

Affinor Growers Inc. is a Canada-based vertical farming technology and greenhouse operations company. The Company is a patented technology developer and supplier of turnkey vertical farming facilities, including proprietary greenhouse, growing towers, automation and cultivation processes. It is focused on developing vertical farming technologies and using those technologies to grow fruits and... see more

CSE:AFI - Post Discussion

Affinor Growers Inc > I wished I had done by Due Diligence
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Post by PappyGallo on Jun 27, 2021 8:23pm

I wished I had done by Due Diligence

I finally have done my Due Diligence.   Unfortunately, I bought AFI based on some momentum analysis of stocks that seemed to be moving up.   

However, had I done my DD - I would have seen that:
1.  The Management Team is weak.   Search the internet and you will see Nick has a terrible reputation.  
2.  The planned PP of 5 cents has failed so they have no extra money.
3.  Nick promises big things but in reality nothing has happened.   His greenhouses have nothing in them - and Vertical growing just seems like an expensive experiment.   Yes you can save on land costs but I would like to see the Cost Comparison between the extra cost of buying land and building bigger greenhouses versus using Vertical Growing technology.   

Bottom line is I am out - bad mistake and I see the Cockroach principle at play.   Where you find one you will eventually have many.

I wished I had done by Due Diligence.
Comment by Red_Deer on Jun 28, 2021 3:24am
LOOK OUT eh !!!!!!!!!!!! FOR SURE__You ARE GOING to GET 10 LASHES from MasterConnnCEPT !!!!!!!!! Maybe EVEN By BringerOfNOTHING ????
Comment by Bigtunes217 on Jun 28, 2021 5:24am
This post has been removed in accordance with Community Policy
Comment by PappyGallo on Jun 28, 2021 9:47am
I am out of AFI.   I wish everyone good luck.   If AFI does not raise any more money through a PP - I think the company will dissolve.
Comment by Bigtunes217 on Jun 28, 2021 3:15pm
This post has been removed in accordance with Community Policy
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