Very Good Food Company Inc VGFCQ

Familiar

[2Moneymaker2018]

this looks so familiar. Aurora cannabis spent million over million buying wasting, killed the value of the company. Is VERY on the same route? Time will tell

[CanadianKia]

so far, they have only got close to 10M of sales. Thats not enough to justify a $10 SP. its just the facts. they need to sell WAY more to be in those price ranges. teh fact that the number of shares keeps growing doesnt give me confidence in the SHORT term.  This has room to drop more as a result.

[AhSocks77]

This post has been removed in accordance with Community Policy

[2Moneymaker2018]

wandering if the sell off will continue until the 15 million shares are done? Anyone?

[CanadianKia]

Considering teh share count isnt super high to begin with, 15 millon shares is a lot consdering the current flow is just under 100 million. that's a big dilution.  also, the sales are still garbage. Look at their last financial statement.  i agree lots of progress is showiing on paper, but if you can't expand fast enough, whats the point?  this should be way below 2 bucks