GREY:VGFCQ - Post by User
Post by
CanadianKiaon Jan 18, 2023 8:31am
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Post# 35230078
Wow, what a Sh*t Show
Wow, what a Sh*t Showwell well well, i FULLY called this a while back when a bunch of insiders kept trying to pump this nonsense up.
Whenever people are hyping a company up at 80x PE you know its about to crash.
They had a good start and it looked like they might get the supply chain going, but then they appear to hit a big wall and everything crashed. Supply didnt keep up and therefore revenue didnt appear and it was downhill from there. great learning for all investors to do your due dilligence with ALL your investment ideas. i managed to make 10K from this stock, so i am happy to move on.
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2023) - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY) (FSE: OSI) ("VERY GOOD" or the "Company") announces that, on January 16, 2023, the Company was placed into receivership pursuant to an Order of the Supreme Court of British Columbia. BDO Canada Limited (the "Receiver") was appointed as the Receiver and will shortly be commencing a sales process to solicit bids for the assets or a restructuring of the Company. During the receivership, the Company will continue to operate and a buyer will be sought for the Company on a going concern basis.