Nutritional High International Inc. Ordinary Shares SPLID

Panic selling

[AFGKhan]

Well looks like everyone is sh*t scared to hold on at this point. The news was not worth doing a Halt trade. It simply made matters worse and drawing attention to a shitty news. Then again, they are cutting cost as much as they can. People need to understand that even though Calyx is racking up revenues, their cost base is still too high to achieve profitability. We`re not selling any assets.. WE ARE CUTTING COST. As shitty as this news sound, its not as bad as it is. Keep in mind they signed up a bunch of new brands in september and are working to expand those portfolio. Besides, there is no mention of any shares being issued or any penalties.

[LiquidOctopusV2]

Plus Products is 70% of Calyx's revenue.  The risk calculation just went totally haywire. 

[AFGKhan]

I understand it was their lion share. But what's the point of selling a product where the cost is too high and cannot achieve profitability. For everyone who saw the Financials, we can see our margin at 23%. That's pretty shitty. If this step will make our revenue go lower for a while, but increase our margins with the lower costing products, and then expand on this. Then i find this

[smartinvestor9]

True plus now we can make our own products without worried about competing with plus

[Tundra14]

Haha! You're kidding, right?  As even Liquid isn't that naive, and as stated, Plus is 70% of revenues.  Plus also is the top selling gummies in California. good luck competeting against that.