Very Good Food Company Inc VGFCQ

Current valuation is crazy

[MarketMaster202]

They have 1 shop/ production facility currently up and running and that is Victoria. Until Vancouver and California complete and start production this stock should not have the valuation it has today. Simple. That's common sense. What has been driving this stock is 3rd party marketing and promotion. Nothing has changed in  the last month in terms of production increase hence why they are very backlogged on orders. They can only produce right now 11,000 lbs / week.

[2Moneymaker2018]

its quite simple actually, investors don't want to lose a position in this company while its affordable. Which inturn is raising the sp. Investors don't want to get left out as its too late to invest in beyond

[Bullchart1]

Agree.  You have heard the expression, "sometimes the law is an A$$". Well... sometimes "valuation is an A$$".  BYND's early valuation did not match either. There will be a time when valuation will catch up but remember there is a certain utube guy that thinks this is worth 10.00 as is. And he has 1/2 million followers.  So right now, consoladation

[MarketMaster202]

Because some "YouTube guy said it might see $10 one day", that means it will? Hahah there goes your credibility lol

[Skyzlimit496]

Yes if this is going to become the second Beyond meat upstart, then investors see the potential and run the mc up, justifyably. With the big plans in the works for Vancouver and California it looks like the demand is there. Young and motivated management.

[Heemball]

I'm assuming Market Master that you're young and haven't seen anything like this this before. You are correct that the valuation doesn't match the price but it's not trading on fundamentals, VERY is trading on future potential. Having been buying and selling stock for 35 years I have seen this before. DiaMet minerals was a great example. Trading at .75 cents they zoomed up to

[MarketMaster202]

Far from short, I have a large position here. Bounced in and out many time early on, been here since .90 cents. It's just a simple fair statement, twist it however you like Heemball.