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Good time to take winnings in YGYI. Nasdaq appears set to delist the company on November 5th. See link: https://www.sec.gov/Archives/edgar/data/1569329/000165495420011282/ygyi8k.htm
Getting some Twitter peeps with 30k followers tweeting on it today also for tomorrow.
Right....
Lotsa stocks run to $3 after having to restate earnings and getting delisted (which WILL happen)
* * $YGYI Video Chart 10-23-2020 * *
Link to Video - click here to watch the technical chart video
Popped to nearly$3 in April from these levels
Nope. Not know, knowing how YGYI misclassified revs and has a heap of bad debt.
Plenty more room to run. This stock is a $3 dollar stock, no doubt about it.
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Has to hold over $1 for 10 days.
It's more like someone stuck employed someone to ramp it (so they could sell).
All it does is give the group looking to sell people to unload on.
Can you make money on it?
Sure, but just realize it's not sustainable and there is no news.
In fact, Nasdaq already warned them about possible delisting coming.
Who many days does it have to hold over a $1?
Will run to $1 for nasdaq compliance pump and then dump. Enjoy the ride
You know it is bad when the former accountants call management liars in an 8K
Legit crooks. Should be arrested for conduct like this towards shareholders of a publicly traded company. They could care less to communicate anything as they’ve lined their pockets. Total disrespect
Wow I wonder who will defend the 8 k filing now. Its amazing how people will defend folks when all the evidence shows that YGYI has not been honest with shareholders. this is a classaction lawsuit in the making. Also saw CEO having drinks on social media enjoying our money smh
Agreed. Even the coffee division, the one part of the company not polluted by the Wallachs, is rotten to the core.
Makes sense to suppress the truth. Anyone can go in, and read the previous 10K, and other 10Q’s to see where the next one was headed to. Those Net Losses Are Unsustainable, unless they can find more gullible investors.
Pea===
They are hiding the 10k and 10q so you don't put out more of your crap===
You’re probably correct, as I was being Conservative for once, the net loss was probably worse. Why are they hiding their 10K, and all 2020 10Q’s? Shady to conservatively say the least...
PEA======
It is to bad you don't know what you are talking about. The same old crap with your numbers and they are wrong.
So... this isn’t a pinksheet! It’s even worse, a grey sheet company now. That means they can issue the remaining 19,000,000 Authorized shares to help pay their suppliers, without disclosing it to shareholders. 19,000,000 x .50 = $9,500,000 This can help to offset the $30,000,000 net loss from 2019. Not sure what it will do for the 2020 net losses.
Might lead a person to start drinking again...
Because most companies don't have international operations in underdeveloped countries. Also, they're not a multi-billion dollar organization that can afford to spend millions of dollars on an audit.
If you’re happy with the company, the management team, and the subsequent price of the common as a result of their ineptitude, then either you’re an insider or have received free shares, period.
The migration of the company made some sense. The execution abysmal
All the best Oltimer!
YGYI “investors” got Wallach’d big-time.
YGYI has not been responsible and have not disclosed their dealing to the shareholders. they have initiated plenty of lawsuits where they are waiting shareholders money without disclosing. How don't you file financials but blame it on covid but you have time to initate lawsuits. Then when you look at the article where they are looking to split company and forgive 80 million to Steve Wallach and screw shareholders. Ted 77 has it correct but sometimes we simply don't want to know the truth. I smell a class action lawsuit coming. Why would we let 80 million in debt be forgiven and we the shareholders have loss money. Be smart everyone
Pea======
Yes and you were saying the same thing when it was 15.00 and 16.00=== Who gives a crap if it is trading on pink as long as is trading.
This Pink Sheet OTC stock is junk. Been warning you all for years where it was headed. Truth became reality at midnight last night as this is delisted from Nasdaq.
Java===
They were same thing when I was selling at 15.00===I am buying again at these prices. All this crap about BR is a bunch of hog wash===GLTU
Been following YGYI for a long time. One of the slower train wrecks I’ve followed...but an inevitable train wreck all the same.
This is the dumbest thing I've ever seen. I get that they're delinquent, but $0.50 is crazy. Small float, insiders own 65% of the shares outstanding, only 7% held by institutions. This stock is going to rocket to the moon when the financials are released. Let's go YGYI, don't let me down!!!
Fiduciary Duty... A responsibility that auditors take seriously, so that they can stay out of jail.
And until they prove otherwise, their stock price and depreciated value is an indication of their performance and value of the company which they are running.
Not sure when you be concerned, when the stock retreats to pennies? Which isn’t far off....
As far as I know....
That’s the problem. They should be communicating and I wouldn’t have to guess as to what is going on.
Further, the delay excuse tied to the Covid is a crutch. I have small businesses, deal with a much smaller accounting firm and have no problem receiving my monthly financials and getting my fiscal year-ending June 30th return done and submitted. For a publicly traded company to state they can’t get professionals to timely complete a routine task, due to this crisis, is ludicrous. Virtually every other company listed on the big exchanges are able to provide timely financials and potential guidance, why not YGYI?
That’s the simple issue here. Shareholders deserve better. The market cap is currently $18 million. That’s ridiculous. They need to explain this. Delisting concerns. They needed to explain that months ago.
That’s the least a common shareholder could ask for at this point so he/she can determine if this security is worth holding.
BJ===
agree===
BJ=======
BJ
As far as you know, business is great. It clearly states in their filings that the delay is due to COVID (mostly government shutdowns per their international operations). You're jumping the gun in my opinion.
Well it appears he’s more right than we are on this one. I’ve held this far too long and didn’t liquidate when we participated in the Cannabis run of 2018. Big mistake. I thought this company was set to growth and I was hoping even tho the decline was ugly that they weather Covid and could benefit thru e-commerce MLM sales and maybe cover some coffee loss rev’s thru hand sanitizer marketing and sales. Cruise lines not running clearly hurts. This company’s top brass has done nothing to reassure shareholders that they could get thru this down cycle or prove that they could be proactive and find new ways to grow their business model. Coffee and Cannabis should be a viable revenue stream for growth given the right business model and market awareness.
This management has done nothing for it’s common shareholders but has rewarded the preferred handsomely with a hefty return on their investment. They choose not to be on top of the Nasdaq requirements to remain on an exchange that offers liquidity and clarity. That’s clearly not a good sign. It took much to get here, yet zero effort to remain. The market cap for this company is now abysmal. Their debt and revenue losses must atrocious if they unwilling to share their financials. Excuse after excuse. It appears to be the end. We/I had a golden exit opportunity in 2018. Missed it. Too bad. Who would have thought, that would be the only opportunity to turn longly held, averaged down shares in for a profit. Unfortunate, and it appears Briskie or Wallace could care less.
Ted=======
You must be trying to buy cheap stock putting out crap like that.
Youngevity Delisting
Investors in YGYI are taking a great risk by continuing to hope for the best as the clock ticks down to Nasdaq booting it off the exchange. Whether the company files its 2019 10k by the end of the day today and avoids a Nasdaq delisting is irrelevant to the long term value of the company’s stock price.
YGYI has already disclosed that losses in 2019 will exceed $24 million, and will likely reach a figure closer to $27 million, if not higher. Bringing its 10k filing up-to-date will only confirm the massive size of losses in 2019, instead of leaving the exact number to speculation. Losses greater than $25 million for two consecutive years are going to trigger an immediate sell-off, making the company's current share price today of $0.61 look generous as investors seek to preserve what little is left of their capital in YGYI.
YGYI is out of time. The company no longer has capacity to continue to fund its operating deficits. Over the past 12 months, YGYI issued $1 million in secured debt with a 1-year maturity at 18% on March 20, 2020, $6.4 million of 9.75% preferred stock on December 17, 2019, and $8.3 million of 9.75% preferred stock in September 2019. That totals $15.7 million of capital issuances, all capital that's higher in priority than the company's common stock. To make matters worse if you're a common shareholder, not only is YGYI unable to issue more fixed obligation securities, but the company has taken on $1.6 million in promises of preferred dividend/interest payments as a result of last year's issuances. When the company is incurring massive operating losses, how does it come up with cash to pay these promises? Aside from these very pressing liquidity concerns, YGYI has a debt maturity of $5 million coming due in December 2020.
A company incurring $25 million in losses will be unable to make additional $1.6 million in payments for very long to service fixed obligations related to previous capital issuances. The only lever available to YGYI is to continue to issue more common shares, diluting you, the common shareholder. If you're wondering if this is really true, whether management would be so brazen to treat its common shareholders with utter disregard by issuing tens or hundreds of thousands of more shares of equity to fund never ending losses, then take a look at the company's press release on April 21, 2020. To fund its ill-conceived hemp business in Nicaragua, YGYI will issue “1.5 million shares of YGYI common stock to the Nica Hemp Cooperative in exchange for a 50% stake in the land …” Whether common shareholders realize it or not, management of YGYI is already massively diluting them and YGYI will continue to dilute shareholders right up until the day the company files for bankruptcy, regardless of whether Nasdaq boots it off the exchange on September 29th.
Common shareholders should realize that Youngevity is out of time. While painful, sell and take $0.61 for your shares while it’s available, otherwise you risk selling at levels much lower later in the week. If you question the credibility of this view, take a look at a warning to investors at the end of June when the company’s stock was $1.40:
https://www.dropbox.com/s/fepwicgsgv83qs9/YGYI%20-%20Investment%20Write-Up.pdf?dl=0
Many of us believe they will pull it out of trouble! Nothing to lose! Thanks!
It looks like Youngevity has filed several of lawsuits against this same company since they opened. I am surprised the industry still reports on this stuff especially when they have not filed their financials this entire year and could be delisted by Nasdaq. I also see lawsuits against Youngevity of sexual harassment from the CEO's wife Michelle Wallach against their old CFO Chris Nelson. Also they filed a prop 65 against this same company when they had to pay a settlement when they were in a lawsuit for the same thing. I just never heard of MLM companies filing lawsuits against each other for the Latham act and prop 65. The industry should frown against that. We will see how this all plays out but Youngevity should maybe focus on growing their business instead of trying to take down another company in the industry. I just wish both companies with focus on providing quality products to their consumers. Here are the references for everything I mentioned. Move on guys
I wonder if YGYI has been reporting all of their lawsuits to their share holders which I believe they are required to. They are asking for a class action lawsuit. Pay attention to the links below I wonder if all knew about them.
https://drive.google.com/file/d/119sXbxqNaQyNQaq2EslGetr3rArVT1pX/view?usp=sharing
https://drive.google.com/file/d/1cTpddTWxRe41Ibu3Usp5lnc4lOJO8MtZ/view?usp=sharing
https://oag.ca.gov/system/files/prop65/judgments/2013-00507J2807.pdf?fbclid=IwAR2JzTmRyRcPD_XOeWXbcdL1xrjC1qnj7Lrisu8_S9KsnViB7NOHstdwyrk
https://www.dropbox.com/s/fepwicgsgv83qs9/YGYI%20-%20Investment%20Write-Up.pdf?dl=0
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=109932524
It looks like Youngevity has filed several of lawsuits against this same company since they opened. I am surprised the industry still reports on this stuff especially when they have not filed their financials this entire year and could be delisted by Nasdaq. I also see lawsuits against Youngevity of sexual harassment from the CEO's wife Michelle Wallach against their old CFO Chris Nelson. Also they filed a prop 65 against this same company when they had to pay a settlement when they were in a lawsuit for the same thing. I just never heard of MLM companies filing lawsuits against each other for the Latham act and prop 65. The industry should frown against that. We will see how this all plays out but Youngevity should maybe focus on growing their business instead of trying to take down another company in the industry. I just wish both companies with focus on providing quality products to their consumers. Here are the references for everything I mentioned. Move on guys
I wonder if YGYI has been reporting all of their lawsuits to their share holders which I believe they are required to. They are asking for a class action lawsuit. Pay attention to the links below I wonder if all knew about them.
https://drive.google.com/file/d/119sXbxqNaQyNQaq2EslGetr3rArVT1pX/view?usp=sharing
https://drive.google.com/file/d/1cTpddTWxRe41Ibu3Usp5lnc4lOJO8MtZ/view?usp=sharing
https://oag.ca.gov/system/files/prop65/judgments/2013-00507J2807.pdf?fbclid=IwAR2JzTmRyRcPD_XOeWXbcdL1xrjC1qnj7Lrisu8_S9KsnViB7NOHstdwyrk
https://www.dropbox.com/s/fepwicgsgv83qs9/YGYI%20-%20Investment%20Write-Up.pdf?dl=0
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=109932524
you are dead on I am just surprised they would think investors wouldn't see right through this
Good idea! Take it private except for Coffee and lets make some money!
This company is a joke, sell off everything and go straight into the coffee business, the other fluff is all BS and people don't want to invest in BS.....They want numbers!!!!!
I really believe they are tanking the stock on purpose so the CEO can regain ownership and be a private company. What the shareholders need to do is get ready for a class action law suit. I can't believe people actually believe a company like this who just hosted an event can't file all year. Please stop drinking the kool aid. Just watch!!!!
Just In: $YGYI CannabisNewsBreaks - Youngevity International, Inc.'s (NASDAQ: YGYI) CLR Roasters Expands Café La Rica Brand to Florida's Gold Coast
Youngevity International (NASDAQ: YGYI) , a leading multichannel lifestyle company operating in three distinct business segments, today announced that its wholly owned subsidiary CLR Roasters has added Unified Wholesale Grocers as a distributor. According to the update, this expands distribut...
In case you are interested YGYI - CannabisNewsBreaks - Youngevity International, Inc.'s (NASDAQ: YGYI) CLR Roasters Expands Café La Rica Brand to Florida's Gold Coast
NEWS: $YGYI CLR Roasters Adds Unified Wholesale Grocers as Distributor of Café La Rica Espresso Brand
MIAMI , Sept. 3, 2020 /PRNewswire/ -- Youngevity International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise and commercial hemp production, today announced that its wholly-owned ...
Got this from YGYI - CLR Roasters Adds Unified Wholesale Grocers as Distributor of Café La Rica Espresso Brand
Have fun trading grey sheet stocks!
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