OrganiGram Holdings Inc T.OGI

OGI---lower earnings than last quarter

[Ghostinthedark]

Companies are expected to increase sales and reduce costs every quarter, or the sp fall.

OGI tanked today after poor earnings of only $39 million CN, which was lower than $43 last million quarter.

Not a good indication, especially now that the "FOMO" and " "irrational exuberance." has vanished.

OGI hit a new all-time low of .79 cents today. Tomorrow, we should see a new lower low and lower high sp.

Where's the bottom? 

OGI can easliy dump to .70 cents or lower before next earnings, which is 3 months away.

There is also the question of Delisting on the NASDAQ, as OGI is trading at .60 cents----and the minimum to stay on the index is $1.00 US.

We have seen this scenario before with HEXO.

And so, be careful buying OGI at this moment. I'd wait until the stock bottoms and trades sideways.

Don't expect the stock to reverse and pop to .94 cents any time soon.

Down OGI goes, with Delisting a strong possibility, unless the Suit and ties boys, such as the CEO and Directors, execute a REVERSE SPLIT.

[David01montreal]

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[Spos01]

Dropping after a reverse split is exactly was has happened to all the other MJ companies (ex Hexo, ACB, etc), any reason to believe it will be different for OGI? Maybe BTI eventually steps in and buys the rest of the company. 

[marf49]

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[BiggyG]

Strange this SP is being held down. Something is afoot. 

[marf49]

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[BiggyG]

Marf we are just a hair under .75 @ 1 CAD = 0.749687 USD. Better get up way higher I need to convert some CDN in a few months for a purchase. Read article thx, If we lose more market share to lower priced retailers we may never get them back. Sounds like the other retailers are aquiring market share with low prices then they will raise their prices once they have clients locked and loaded

[BiggyG]

Marf time to call your gal pal Beanie. 

[marf49]

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[Clowninthedark]

Based on your trading and losing money 9 out of 10 times, you're the last gardner folks should listen to. Stick to growing turnips Chauncey.