GREY:CHALF - Post Discussion
Post by
Here4thekeks on Oct 06, 2022 1:56am
MJ Sector is NO EXCUSE: CHALF failure NOT related to sector
CHALF Stock failure NOT related to MJ sector - Shareholders have been substantially diluted in the past years
- Stock tanked at a record low $0.14 & stuck there
- Expanding Debt on annual and Quarterly basis Acquiring failed businesses when they can’t run their own!
- Disintegrating Operational cash-flow
- Has scarce cash flow for operations
- Failed its investors for 8 whole years (-99.6% loss in value)
- Stock is down by - 89% lower than 16 months ago
- Cosmetic management changes failed
- CFO Resigns
- Auditor Quits
- Current Management failed and the 78% drop in stock
- Competitors doing better financially
- Consolidation 23:1 reverse split turned out to be a disaster
- DE ratio is at 68 meaning every $1 Chalice owns, it owes $68 in debt
- No Net Profits (Profit margin -22% in Q3/2021)
- Not forecasted to become profitable over the next 3 years
- Market cap dropped by 300% only this year from $64MM to $9.1MM
- No financials for over a year and excuses are piling up and dates being pushed back! Promised by Sept 30th but NO
- Excuses mount to become comical now pushed to October!
- Trading Halted in Canada
- Forecasts by analysts discouraging
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