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
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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
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