Post by
Potguru on Aug 16, 2021 8:57pm
Lost Confidence
I exited OGI last week. Have held them since legalization. I always considered them a diamond in the rough. My cost was $3.61. I broke even, thank god ! When they hired Beena as CEO, I could no longer trust management. After what she did to FIRE, selling the company at rock bottom share prices was despicable. I had read that she wasn't very shareholder friendly. Todays blatant manipulation convinced me that I made the right choice. Someone big is after this company, and I suspect BAT. I'm expecting, perhaps a reverse split to further dilute shareholder value. She did it with FIRE. With OGI only 4million from profit, I suspect they will make their move in one or two quarters before they become too profitable. I loved this company, but the reality is, this sector is full of crooks! Good luck to all.
Comment by
jerrytuts on Aug 16, 2021 9:10pm
Wow you exited at 3.61 at the exact high of the day to the penny when you could have exited I believe (don't remember the date exactly) at around 4.15+ around earnings. I remember a run over 4 bucks not to long ago. But hey if you say so.....