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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...
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...
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.
Fiduciary Duty... A responsibility that auditors take seriously, so that they can stay out of jail.
Have fun trading grey sheet stocks!
That is a lie. The company is failing and splitting up. It was announced early this year. They lost over $60 Million the past 2 years.
Delisting Scheduled for 9/29 Run Very Far Away!
We won’t know how many hundreds of millions they lose due to the current lawsuit until they put out their 10K’s and 10Q’s, imo. Bankruptcy or SEC Annual/Quarterly Filings?
I am surprised that this dishonest company is still operating, probably not for much longer.
They must be really ashamed of how bad the 10K is, anyone know the real reason they won’t put it out? They put out fluff pr’s, imo. Guess there is no fluff with the SEC...
Welcome, new bag holders!!! Welcome!!!
Who is ready for the .20’s again in another few months? Last time it was down there, they did a R/S, before it went to the big boards. Pink sheets are calling this on home, imo.
It was my initial thought as well. It’s too bad, imo. $20-30,000,000 in possible net losses do not pay for themselves.
I have been warning people to do their DD, and read the 10Q’s and 10K’s for a few years now. Things look very bad, and dilution may be the only option for them, imo.
Impossible since the CEO owns over 50% of common shares, imo.
An over abundance of CBD companies is what I have been warning about. Few will survive, imo.
IMO, using the sale of preferred shares to fund daily operations is not a sustainable business plan, if that may be what could be going on here. Seems like a 2nd to last ditched effort, other than dilution of common shares to survive, imo.
Looking for $30,000,000 net losses for 2019 10K, imo, which would be approximately an increase of $10,000,000 net losses year over year. Awaiting the final numbers, but guessing $30M should be fairly close.
Ever wonder how the national debt made it to $23 Trillion, and no intentions of ever paying it back? It’s a good thing that companies aren’t allowed to do this kind of thing for too long, imo.
Crooks belong in prison, imo.
Dilution of preferred shares, increasing debts. I wonder if they ever had any intention, to ever buy the preferred shares back? YGYIP looks to be dumping.
Bring on $2
Another delayed 10-Q for this company? How hard is it for a tiny company to put together numbers that ended at the end of Sept?
Ouch. Another heavily failed company acquisition with mucho debto. This is $3 range bound, imo.
I wonder how poor the 3 Qtr numbers will be for the coffee and direct sales portions of the business? I am guessing it must have been brutal, if the only way they could raise money was by a preferred stock offering.
I wonder how bad the net losses will be this Qtr, minus the preferred stock offering to keep them alive?
I am still awaiting that $3.21 52 week low from last year to be retested. Maybe we will see it on this next downturn? With the added new debt from the preferred offering, and continued net losses, I believe we could see it.
Is anyone else thinking that the company may be out of cash, since they had to do the preferred offering to raise capital?
Nice little run up the past week! Looks like the long term downtrend is winning the overall battle. That short term run was fun though. Back down we go, imo.
That is who does the naked shorting.
Youngevity and Khrysos are members. Ruh-roh!! https://www.directsellingnews.com/dsa-sale-of-cbd-supplements-violates-dsa-code-of-ethics/
Isn’t it convenient for them, that they never mentioned this on their call to shareholders the other day?
When was the T.J. Clark & Co. breakup? That explains why the products aren’t what they used to be, imo. Joel Wallach used to do talks all over the country every year too until recently. Hopefully his health is ok. http://skepdic.com/wallach.html
$3-4 pps trading range wouldn’t surprise me in the coming month or two.
Last year, this was their best qtr. too. Net losses, dilution, and this long downtrend continue, imo.
Outstanding shares have increased 9 million according to the last 10Q as well, which helps explain how they can keep the lights on, imo. Dilution is a credit card that doesn’t need to be paid back, until the shares are tapped out, then the R/S can happen and do it all over again, until shareholders catch on to the scheme, imo.
$12.2M Net Loss Reported in last 10-Q. How bad will this one be?
Institutional Naked shorts are unbeatable when they latch onto a stock. I have seen them destroy a few. This one is ripe for the Pickens, imo. The history of consecutive 10Q’s and 10K’s(Years) showing overall loss. The trend will continue, imo. They have been projecting profits for years, along with puff piece PR’s, all while showing a loss.
Haha thanks. I am a realist.
I wonder what the next cliff of net losses will entail? We should see this week, imo.