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Right at the middle of my 6 months trip around USA and this is my second visit to tis board since I hit the road. One thing I must say is that this board is anything but informative, unless one believes that our bashing poster knows anything more than anyone able to read financials. As for our CEO, he still hides and says nothing to the shareholders and that is frustrating, to say the least.
Whatever, fact is that the business is operating, duly reporting and growing somewhat.Therefore, one has to assume that the CEO has a plan to get out of his mess but keep silent not to create unjustified speculations. GRST is a high risk 'BET' but our CEO behaves responsibly.
I therefore will contunue visiting the country and shall see where we will stand 3 months from now. In any case, there is only $30 0/million shares to still lose. On the otherhand, IF (big If) Leon succeeds, we may very well make the best we ever made speculating ... Who knows
Whatever kind of step it is, I would like the woman to talk to us about MARKETIMG EFFORTS, SALES PLANS,.MANUFACTURING, ... She only seems to care abnout scientific topics. I think he doesn't realise that R&D is only one part of her responsibilities as a CEO.
On the road for 6 months, I come now and then to see if something new is happening. Always the same ...
Then another misleading PR trying to show progress where there is really not (as when she mention % of growth without reffering to the base).
Nothing. How can anyone expect chineeses to buy a product they never heard from. All we have out there is ACCESS to another bunch of shelves most likely unused.
If that makes any sense to anyone, why is our market cap so low, why do we still have to read about % growth isardor. of real $$$ revenues of significance, why do insitutions not getting involved whatsoever, why did Cannaccord even stop projecting revenues. What is it our CEO doesn't get? What does she wait for before she get partners able to make this the success she expected less than 3 years ago (she then tought that 2 years from now revenues could be 5 billions a year. What is it that her mind cannot process. Scandalous behav
Cou;d be but our CEO most likely will need a lot of time to accept that as the way to go. She believes product is the only requirement to succeed and it looks like she doesn't care about vile things like marketing and advertizing (unnecessary expenses)
I assume that management works at something and at current pps I intend to keep my few shares and wait for either a final negative verdict or for whatever the current management may do. What is irresponsible however is that management,s behavior demonstrate a total disrespect for us shareholders.
I hope you are right but I believe that the main reason institutional investors and even Cannaccord stay away from this is that they also do not believe our CEO will behave as a competent business manager and stop believing that having a great product is BY ITSELF garanty for success. She is a scientific researcher and doesn't have any understanding of what is required to build a successful commercial operation.
Even Cannaccord left it
No credibility relative to the ability of management to succeed
The woman is crazy enough to do it. A dreamer poorly equiped to develop a project notwithstanding her creation iof a great product line. A real shame.
Because I'm not pretencious enough to believe it will impact anything but my position and because also, I like to say when I buy.
Great analysis of our situation. OUR ceo however doesn't seem to realise how bad our situation is and I suspect his BOD is made of either careless (taking their $125,000/yr) directors or directors not listen to by the CEO who obviously has absolutely no understanding of what building an operation means.
We know as much as needed about our products but have no serious informations relative to our manufacturing facilities (including contracted out ones) and can easily see that our marketing is made of getting shelves we can't even put products on.
The woman is a dreamer not listenning to anyone and I believe that she is gradually making it a nightmare.
I believe she needs a serious partnership but I doubt she actually ven realise she does. Let's hope she soon wakeup and realise her situation is becoming more dramatic every day that goes by.
I will wonce more reduce my position seriously, hoping that reality will hit the mind and she will (at the very least) reach for competent advice she will listen to ... before it's to late.
So sad!
Great analysis of our situation. OUR ceo however doesn't seem to realise how bad our situation is and I suspect his BOD is made of either careless (taking their $125,000/yr) directors or directors not listen to by the CEO who obviously has absolutely no understanding of what building an operation means.
We know as much as needed about our products but have no serious informations relative to our manufacturing facilities (including contracted out ones) and can easily see that our marketing is made of getting shelves we can't even put products on.
The woman is a dreamer not listenning to anyone and I believe that she is gradually making it a nightmare.
I believe she needs a serious partnership but I doubt she actually ven realise she does. Let's hope she soon wakeup and realise her situation is becoming more dramatic every day that goes by.
I will wonce more reduce my position seriously, hoping that reality will hit the mind and she will (at the very least) reach for competent advice she will listen to ... before it's to late.
So sad!
Monday morning coaches always know should have been done ... even if they do not understand the game being played.
No, the company presently is analysing its options (buyout, refinancing, partnering, ...)
Right now Morningstar says its Fair Value is $,37 but add that this is of an quantitative uncertainty.
I believe (stand to be corrected) that we will know more before the end of the year. For the moment many take their loses for tax reasons.
Bad faith ou dégoutant ... sans doute. But the individual is obviously supporting some people needing to see Leon fail misereably. I wish Leon would address this disparagement campain somehow, even if it just meant sending a complain to SEC and publish it as a PR or even as a post herein (LOL).
March 31 ...$1,601 mm
June 30 ... $2,308 mm (+15%)
These are in canadian $$. Taking a conversion rat of 1,39 that make last quarter (June 30) total revenue: $ $1,660 mm only.
For next week report to show a revenue of USD @2 mm a $20% growth Q over Q will be required.
I may be wrong but, since our CEO does no advertizing and is satisfied to just put boxes on shelves hoping mothers will find them by themselves, I kind of have a serious doubt such a growth will be reported ???
To bad Leon doesn't understand all that and only someone as smart as you understand that. I wonder ??? why does someone as smart as you, not being a shareholder in the company spends all that time posting herein ... Could it be that he is paid for doing it ? Who knows?
Yes. I stand to be corrected but they are 5 nominated in 2018 and 2019. Most are financial or engineering people and I do not see anyone who seem to bring marketing expertise to the CEO. In any case:
1- Are they sensitive to marketing requirements and
2- if so,, are they being listenned to by the CEO or do they only take their $125,000 or so remuneration looking at the product instead of the market they try to penetrate ???
Satwinder Mann, Independent Director - He graduate of the University of British Columbia with a Bachelor of Science Degree in Pharmaceutical Sciences(1995)
Eli Ronen, Independent Director – specialise in engineering solutions mainly to environmental companies.
Ofer Yontan Barash, Independent Director - occupied the position of Chief Financial Officer in many companies
Uriel Kesler, Chief Operating Officer & Director - has held varied positions with healthcare and food supply companies specializing in infant and toddler nutrition.
Sokhie S. Puar, , Lead Director - received an undergraduate degree from British Columbia Institute of Technology.
CV's say: Pharmaceutical Sciences, environmental engineering, finance, specialist in infant and toddler nutrition, undergraduate degree from Institute of Technology.
It is a great board and these are very respectful individual but our CEO should add a member bringning experience in market development in a competitive environment.
Obviously our CEO prefer to get people like her (competent in their domaines) and stay away from people who could challenge her in her beliefs that marketing is an unnecessary expenditure.
About anything they try to do and how much more time they may need to say it if they cannot do it immediately.
The stock trades at $0,11 and Morningstar still maintain its fair value to be $0.37. What does the company do or not since they said: 'THE VERY GOOD FOOD COMPANY ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES (SEP 08, 2022)?
Been playing stock for decades and I've never seen that stubborn a CEO refusing to listen to anyone or even worst trying to have no one around her telling her what she doesn't want to consider or even hear.
Our CEO is a lscientific lab person thinking she is right whatever her environment says. For as long as she keeps behaving that way, serious and institutional investors will stay away.
I f I was rich enough, I would throw in $12,000 buying the 23,000,000 shares offered at $0,0005 ... she rent on but throwing in money you can afford to risk, seems at least
a smart ' a smart 'bet' to make
Again you are trying to justify your view of the future by going 3 years back ...
Curious... The horrible may be even crooked moves Leon did 3 years ago did not stop Leon to create a real busines offering growing revenues. Even worst ... Notwithstanding your continuous negative predictions, lenders are still there working with Leon.
Why in the world would anyone accept your continuous disparaging of Leon and his 'business partners' who according to you are prepared to be hurt so they hurt Leon himself?
I have a good news for you ... Ridicule is not a mortal desease.
You would manufacture negative scenarios out of anything you want to believe. You sound like those low brainwashed IQ people believing the last election was stolen and that the January 6 event was a calm familly type march around the Capitol. For whatever reason most probable reality cannot sink in your mind and it's impossible for you to even imagine that Leon and his creditors would do whatever is needed for them to succeed.
Unfortunately I will be on the road without Internet for 2 days the 14th and 15th. I however expect more of the same ... a proud CEO showing results way under what it should be and a % growth inflated by the fact it is applied to a lower than interesting base to start with.
Hopefully our CEO is only sitting, waiting for the FDA result and even more hopefully, one must hope this report will be positive. Till then one has to accept that our 'scientific' CEO will be happy to just sit and wait with products sitting on zillions of shelves, waiting to be found.
I (as many it seems) believe Leon is doing something that will change the scenery relatively soon. Have a great weekend.
The lowest pps we have seen in almost 4 months (mid-July). But do not worry we have plenty of shelves to park our products on.
Management hiding is most likely the sign that they are on the verge of folding. At current PPS (0,035), I intend to keep my shares. Most likely will lose a few $ 1,000s but who knows, it would not take much to see this PPS rise suddenly ??? Who knows ... after all market cap is just over $5 millions.
People are dumping their shares. I wonder if\ - when the management will start informing those still in?
Absurd. Fillings show the past, the future is only known or expected by Leon. You, me and Bubae only knows what did happen. As for the future, since Leon doesn't feel important to say what he expects (in any case negative posters would say it will never be) , He only (and few close partners) do know qhat may happen later ... if they have it their own way.
The problem is the company is lead by a competent researcher, not a competent business manager. Obviously our CEO doesn't listen to anyone able to help her run the company profitably.
'who would buy those shares at .0012 when the stock is trading less than half that price?'
Anyone having access to $5,000,000 understanding what such a $$$ inflow could do to the market cap (pps).
You are the one who kept saying the deblt was making market cap what it is (a multiple smaller than 0,5) LOL
Bubae's posts - What is going on it is MANIPULATION AT HIS BEST!!!.......
You really enjoy putting out data (generally true but irrelevant) that fit your agenda (I still do not know for a fact why you work that hard at repeating over and over the same information but …).
I on the otherhand, look at it in a much more objective way, accepting that this ‘quasi-startup’ presents a risk for shareholders.
You love historic facts : Here are some …
August 20, 2020 - GRST Completes Restructure and Gets Ready to Open New Treatment Facility
September 30, 2020 - GRST announces that it has been issued a license to operate addiction treatment services.
July 1, 2021 - ARIA treatment facility is acquired.
Revenues thereafter (Q to Q progress)
Q3 2021 : $866,000
Q4 2021 : $889,000 (+2,7%)
Q1 2022 : $1,023,000 (+ 15%)
Q2 2022 : $ 1,138,000 (+ 11,2%)
Q3 2022 : …
SUMMARY :
August 2020 to July 2021 : Establish a working environment starting from scratch … or about.
June 2021 to June 2022: Start operating and generating revenues.
July 2021 to June 30, 2022 Revenue growth of 31,4%
Let’s see where that goes from here and better understand why Leon works that hard at keeping alive and growing the business, keeping (God knows how) creditors at bay.
Suffering delays in a plan is not lying. Saying you continuouly post herein to help (potential) investors is.
Being an optimist, I must believe that our CEO will sooner than later wake up and understand that she is now a Business executive and not only a researcher anymore.
This being said I did reduce somewhat my position and place the money in a better place, till the woman gives sign that she finally figured out what must be done ... hopefully before competition creates an offer grabbing our market bygoing at it agressively
Here is what happen when a management doesn't understand what commercial business is all about. Only one analyst was folloowing the company:
Canaccord Genuity lowered their 12-month price target to C$4.00 from C$5.75.
December 6, 2021 10:20 AM
…
Canaccord Cuts Target To $2.00 from C$2.50
July 4, 2022 4:33 PM
I bet Canaccord will not even report after results are issued before the end of the month.
P.S. According to Morningstar Fair value of Baby (CDN numbers) is $ 1,33
May be true in your area but mothers of the middle class do need to be told, not having time to study products on shelves whenever they shop. We are in the general consumers market and advertizing is critical to our success. However our CEO seems to think this to only be an 'expense' ???
Considering our products and the market we shall aim at, revenues after a full year are minimal not to say insignificant (our pps and the reluctance of large investors prove it)