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NASDAQ has a minimum requirement of $1 or above to be considered are they going to reverse split to get there? Not understanding the application with no explanation of how they plan to be at and stay above $1.00 U.S.
Fire Greg Engel he destroyed this stock by being ignorant and not able to identify customer wants. Then bled shareholders to build out a facility that was halted because once again he misread demand. He has no idea of what will sell well and what won’t sell well. Even when they do surveys they seem to get bad data, company is a mess overspending everywhere.
OGI Reverse split is very likely at this point.
Greg Engel has ruined this company and destroyed shareholder value. Yet he still gets paid hundreds of thousands a year and buys no OGI stock with it. Because he knows the stock is worthless due to his poor performance.
OGI the dilution pig is bleeding out!!
FIRE GREG ENGEL, HE HAS DESTROYED OGI!!
Deep losses continue, Greg Engel needs to be replaced, one of the worst most egotistical CEO in the space. Always two steps behind the competition growing weak strains that people just don’t buy.
NASDAQ delisting coming soon, fire Greg Engel!
Greg Engel needs to be replaced, one of the worst most egotistical CEO in the space. Always two steps behind the competition growing weak strains that people just don’t buy.
“In the last quarter, the company had more write-off charges than revenues. OrganiGram had C$22.0 million in write-offs of unsaleable inventories and write-downs of prices while net revenues were only C$18.0 million.
All the management teams seem to have done over the last few years is dilute shareholders.“
Lol you’ll never catch a big wave selling after a 5% gain. Those are puddles you are surfing in my friend.
OGRMF may be coming back real soon if they drop back under $1 U.S. they were better off as a pink sheet stock, OGI is company producing massive losses and write offs. Company has proven to shareholders the stock price is not important to them.
You bought in at around $2.25 u.s. per your posts and now are down 11%. If you only look to make 5% on the way up what is your your limit on the way down and how long will you hold on waiting. Just trying to understand your trading method.
Could be or the massive share dilution recently announced could drive it down to $1.00 u.s.
This company is no different than Aurora, idiots running it and don’t care about a profit because they can just use shareholders money with massive dilution. They will never reach $8 again with all the added diluted shares. Yes you can buy and sell down here at this price and make money but you can do that with any stock that is almost bottomed out. You have to risk a lot though to make any real money and if you don’t time it perfect you can get screwed like the recent 20% drop in one day. Eventually you’ll get caught and if it ever takes off and really runs you’ll never see the massive gains but to each their own I actually do both long term and in and out. All in all the company has major issues with high spending and declining revenue.
60 million more in Dilution just announced, sad part is the roughly $200 million that they’ve diluted so far was not used to acquire anything but just to keep the business afloat. They would be bankrupt if not for dilution, such a piece of junk company ran on shareholders money.
OGI continues with losses, CEO and board need to be replaced! They diluted and spent themselves into a hole they can not recover from.
Posting old news living in the past only will lose investors money. The present is that this company is in financial trouble losing 40+ million last quarter. If sales were so good and everything is so great with this company then why does the stock and revenues continue to plummet?
Yet the stock keeps falling, who cares about awards the sales are dropping every quarter.
That says it all.
Facts are facts anything I post is based on reality, this stock will never get back to it’s highs it has diluted way way too much adding massive amounts of shares and killing the pps. Business decisions made by board have caused massive debt and minimal return. Plus 3 class action law suits still pending against them and their products just don’t sell well.
Reverse Split Coming to OGI! Mark this post it will happen!
Hyasynth won’t cover 40+ million losses every quarter what a disgrace this company has become. The dilution kings and soon to pull off the deadly Reverse Split.
OGI at 4 year lows NASDAQ will kick them off the exchange if downtrend continues.
Did they close all tranches?? OGI is cash strapped and diluting to stay alive I doubt they made all three transactions if they did wouldn’t OGI announce that news that Hyasynth did. It’s kinda like the propriety formulation OGI had for powdered THC and the involvement with that company. Well now a few companies sell powdered THC but not OGI how did that happen they made it sound like they were the only ones with that technology what bunch of bull that was. I’m just saying this company is in terrible shape and don’t think they went through with everything they said they would.
They never gave any details just saying they invested in it is meaningless let’s have some details other than they get a discount on products Hyasynth makes, ironically OGI wouldn’t be able to sell it because their sales suck and their name is not respected in the MJ world. These guys have not done anything right in years now so doubt they own much or any of that company. They used to be on the right track but Greg Engel lost control of the business making one bad decision after another and let board members spend frivolously on things such as 15million on a chocolate machine.
OGI style is massive losses consistently with low sales and crappy product. Yep that sums it up for this loser company.
Greg Engel and whole board should be fired. 15 million spent on a chocolate line, they will never get that back but it’s ok they used dilution to pay for it.
Wtf this stock is curling up and dying. What a crap show cut the stock in half by doing their dilution. Had to be a better way.
Shredded cannabis what a joke and an insult to smokers. The only reason you would shred cannabis is because the flower is not good enough to sell as flower. So everyone knows your getting a crappier product when shredded. Another flop for OGI, just like the low THC flower or chocolates or drink mixes or whatever they do next. Grow high quality premium cannabis and all problems will be over however they can’t figure this out. 18% THC is a joke and low THC. They have no one on their board that enjoys cannabis or they wouldn’t be putting out these stupid products that real smokers wouldn’t touch when better options are available.
Reverse split is coming
Big deal they possibly could get a few extra months To get back in compliance. Details from Nasdaq below. Fact is company lost 40 plus million just last quarter, they dilute like crazy and their products just don’t sell well. This is a huge Moncton Turd!! And most importantly read the last part about the reverse split I’m sure that’s OGI’s game plan.
“ Particularly, newly deficient companies with bid price, market value of listed securities, or market value of public float requirements have at least 180 days to regain compliance and may be eligible for additional time before delisting. These companies can submit a plan to Nasdaq Listing Qualifications describing how they intend to regain compliance. For example, Nasdaq may allow the company up to an additional 180-day grace period to come back into compliance with the $1.00 minimum bid price requirement, provided the company (1) has met the stockholder equity requirements of the applicable Nasdaq market at the time of expiration of the first 180-day grace period and (2) provides Nasdaq with written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.”
Reverse split coming!!!
Hopefully we see a spike up in volume here soon.
The company is not Strong in reality they are the exact opposite. Low sales, declining production, massive debt, massive dilution, 3 class action law suits pending.
Also with the massive dilution and the amount of shares issued this will have a very difficult time returning to previous highs. Actually we’re looking at 4 year lows here, that’s a sign of a company going under.
.06 away from being NON Compliant for NASDAQ status.
Dilution kills this stock is getting hammered by their own doing. They would be triple this price if shareholders didn’t pay for the build out of the oil processing equipment and the insanely over the top chocolate line they purchased. Why not contract that out at first to see what sales were and then know if it was cost effective to actually purchase the equipment. Total mess this company.
3K volume today, so bad. Get word out!!!
$2.40 would give them a 1.4 billion market cap which is higher than Aphria and $7.00 would be a 4.3 billion market cap which is getting into the Canopy range. Seems a bit high for a company with 619,000,000 outstanding shares. A jump up is logical for this though with the revenue they bring in. Volume is pathetic though.
CAUTION REVERSE SPLIT very likely here.
OGI down today, most all others up, why???
Greg Engel is a worthless CEO, he has driven this company and stock into the ground. One main reason is he knows nothing about MJ and has been incredibly slow to react if not incompetent on being able to adjust to customer demand. Also wastes huge amounts of money on assets that if he did the numbers may take 50 years or more to pay the costs back. But he just purchased the assets with dilution which proves he doesn’t give a darn about shareholders or the stock value.