Very Good Food Company Inc VGFCQ

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[CanadianKia]

so let me get this straight. they made 2.6M. 3x the net loss of Q4. EBITDA loss increased. loss per share more than double Q4 AND there are 8M more shares!??!?!?


and has a market cap of $450M!!!!!

like i have said in my previous posts, the most they can make this year is in the $10M range or maybe $15-20. how are they worth 450M on market cap!!!!!?!?!?

[doggy123]

Invest in GDNP.............can't go wrong..........nice Q1 tomorrow pre market................

[ImpIications]

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[CanadianKia]

Of course market caps can and are high normally, but the problem is that you're ignoring all the other numbers completely. you can't be selling 3M a quarter and be worth 4.5 a share. the math doesnt add up AT ALL. I understand future earnings and they will grow over time for sure, but no one should be paying these prices for the company, espcially when they just showed their capacity

[ImpIications]

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[ImpIications]

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[CanadianKia]

i undestand the company needs to spend money and i am aligned with reinvesting in yourself, but from a shareholder point of view, nobody should be buying at these crazy high prices assuming they will be able to make 100M a year soon. it just wont happen. its not possible unless they get a lot more money from teh market and expand their operations more, which is unlikely. therefore, buy in at $0.3

[freeradical1]

The selling costs alone are greater than the revenue and have been since the company went public. No evidence yet that this businesses is scalable or sustainable.

[ImpIications]

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[elvishasnotIeft]

LOL !!!  The only reality Implications aka Highrider2 aka B-A-Con-Tentures aka TheResurection aka knowledgewins aka BuyOrSell77 aka RagingBull255 fails to accept is the one when he bought VERY @ $8.56 and bragged about it while posting under his BuyOrSell77 alais ... lmao!! This clown can't even read charts or financials. Copy and paste this headcases specificalty. 

[ImpIications]

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[elvishasnotIeft]

[BC0NTVentures]

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[ImpIications]

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[GMon]

I wouldn't buy VERY at $4.50 as it is overpriced.  Another option is to look at Sol Cuisine, which started trading today. Revenues last year were $20M and the IPO funding will be used to grow the company in the USA.  The symbol is VEG. The sp is under the financing price of $2.15, and it closed around $1.60 today. An opportunity? DYODD