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'They must do something soon ...'
You've said that for over a year on many topic (debt, dilution, ...) and change topic whenever time did prove you wrong. Now the issue is note ... for the next few months ...
If that is what one consider Marketing, promoting, informing ... parents fine with me . I however no better.
Sounds nice but note that nothing said about talking to parents directly (after all, all they are is the buyers we should aim at) ???
Better than nothing but parents doing their shopping are inondated with colorful shelves ... They generally look for products they know about
https://www.google.com/search?q=Pictures%20baby%20products%20on%20shelves&tbm=isch&hl=fr&sa=X&ved=0CAEQv7IFahcKEwiYuYH-g5f6AhUAAAAAHQAAAAAQEA&biw=1496&bih=667&dpr=0.86#imgrc=hnde5T8zPHLa0M
Staying with GRST,
- We have a startup company
- we are licensed by insurer
- we have a growing business
- we now have an established good reputation
- we are in a huge market suffering from a shortage of service offerings
- we ...
We have one issue: Debt (but an extremely low MC)
Since recently, fundings became available for organisations like us and investors wait for us to prove we can solve this single issue.
Not withstanding the extremely negative 'analysis of some', the fact is that progress is made Q's after Q's and our leader seems to know what he is doing.
This being said:
- GRST is a risky pinky offering great gain potential,
- GRST is traded on a dangerous market, manipulated by some,
I obviously hope so but to be honest I think she believes that 'marketing' is a useless expense'. I've seen many such entrepreneur thinking that if the product is good, market will find it by itself ... Just put it out there (shelves) and wait long enough ...
Unfortunately other players (competitors) will take the market with much less quality product and marketing campains attracting our market.
Let's hope I'm wrong and she will stop thinking, take advice from qualified advisors and stop dreaming about 'how great the future will be when formula is available'.
In business, timing is critical ... letting time go by could be mortal ???
'This confirms parents desire a plant-based baby cereal that is nutritionally balanced, providing all macronutrients and essential vitamins and minerals.'
Wouldn't it be nice if we were telling these parents that we offer exactly that ... instead of letting them find it all by themselves ???
'building a reputation of quality care'
' improve the bottom line'
'expected increase in the available beds'
'Structure environment for growth (license, partners, ...)
- working at a growth plan
...
'Addiction Rehab Industry Poised for Growth
'Drug and alcohol addiction rehab in the United States is worth $42 billion this year.'
Now: ' $1.5 Billion Funding Opportunity for State Opioid Response Grant Program'
Anyone can have its own opinion but it is difficult to believe that all there is as potential is 'failure'.
We shall see ...
That is something i expected all along. I believe that Leon was also believing that government support will come in due time.
More than 9 mohs ago, I wrote herein (post #39827) that Leon was ''working at a growth plan requiring time ... I then said he was setting himself up to qualify for GOVERNMENT FUNDING that he (and I) were to come considering the industry we are in.
I wrote: "I believe that Leon:
- restarted GRST some months ago (1 year + or -)
- Structured an environment for growth (license, partners, ...)
- Put up a revenue producing facility
- Grow it somewhat
- Will show more interesting results even in Q4
- is working at a growth plan requiring time (I suspect justification of government funding)
That's why I sit on my few shares (money I can afford to lose) waiting for him to deliver..''
Let's see if Leon can get some of that announced funding ... or not
Can you explain to me why Leon would keep working at it if, as you suggest he has no way out of this mess? What's in it FOR HIM personally?
How come our CEO doesn't ask herself what she should relative to business skills, other than those she obviously have? Dreaming of long term success is great but for these dreams to materialize, she must manage current business much better.
On Nov.30,2020 our shares tradied at up to CDN $5,07 and volume of the day was more than 1,250,000 shares. Canaccord Genuity then recommended ''Buy'' with a Target price at CDN$6.50 Per Share.
On December 6, 2021, Canaccord lowered their 12-month price target to CDN $4.00 from C$5.75, after another quarter of estimates Missed . Oon that day the high was CDN $1.52 and volume was at 269,000 shares.
On July 4, 2022,Canaccord Genuity did cut target to CDN $2.00. On that day high was CDN $0,68 and volume below 50,000 shares.
Last friday, high was at CDN $0,79 and volume was barely more than 8,000 shares (less than $6,000 worth of trading).
May be our leader should sit with appropriate consultants or advisers telling objectively what she MUST DO relative to business topic she obviously doesn't seem to understand.
Our problem is that serious investors, institutions in particular, are not getting involved. I believe the reason is that our executives are more interested in talking to shareholders (PR's , NR's) and meeting with scientific individual than they are trying to attract mothers to our current offerings.
I also believe that management is just waiting for FDA's report knowing that if they need cash, issuing shares will be the solution.
2 news this morning:
1- A party of scientifics operating startup like operations
2- The addition of shelves
How will that address our aimed at markets?
Life Sciences Virtual Investor Conference Agenda Announced for September 15th
r 500 Winn-Dixie Supermarket Stores
Curious that FDA would take up to 2 years to approve a product addressing a market plaigue with important shortage. I hope this process will be completed somewhat faster, otherwise, our CEO will keep diluting us instead of exploiting the market already available.
I'm holding also ... just frustrated with her lack of understanding that supporting SOMEWHAT our current effort to generate revenues is the way to go ... waiting for FDA to produce its report.
I'm sure that our CEO knows that very well. The question one should ask is: 'Why does he wait?'
The answer is most likely, contrary to your theories, he gets good rapport with his lenders and does't feel (yet) he has to buy them back now.
Morningstar suggest that fair value of our shares is $0,67 for a market value of the company at mor or les 85 to 90 millions. That could satisfy our management, I assume.
Right, according to MORNINGSTAR the fair value of our stock is (Baby) $1,67 CDN or more or less $200,000,000 CDN.
1- I very much doubt this would attract our CEO's attention and
2- I believe that, it says to potential buyer that waiting for her to capitulate is what is smart to do.
It is obvious our leader just wait for FDA's conclusion relative to formula. Let's hope everything goes as expected and no delays (or worst) lies ahead.
Even then, the CEO will have to change her attitude toward the value of addressing mothers directly.
I however doubt she can do that, firmly believing that lining up a product on shelves is enough.
That means a market value of the company of more or less $ 36,000,000. I wonder if that is enough for management to let go ???
THE VERY GOOD FOOD COMPANY TO PRESENT AT H.C. WAINWRIGHT 24th ANNUAL GLOBAL INVESTMENT CONFERENCE & THE EMERGING GROWTH CONFERENCE - 09/09/2022 8:30:00 AM
VANCOUVER, BC, Sept. 9, 2022 /CNW/ - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the "Company"), a leading plant-based food technology company, announces it will present at H.C. Wainwright's 24TH Annual Global Investment Conference ("H.C. Wainwright's Conference") and at The Emerging Growth Conference. Chief Executive Officer, Parimal Rana will be representing VERY GOOD at both conferences.
The Very Good Food Co. Logo (CNW Group/The Very Good Food Company Inc.)
H.C. Wainwright's 24TH Annual Global Investment Conference
H.C. Wainwright's Conference is being held on September 12-14, 2022. H.C. Wainwright & Co. is hosting its 24th Annual Global Investment Conference, which is being held as a hybrid event on September 12 to 14, 2022. The in-person venue for the event is the Lotte New York Palace Hotel in New York City located at 455 Madison Avenue. Virtual participation will be staged simultaneously with over 500 company presentations scheduled as live feed or available on-demand.
VERY GOOD will present at H.C. Wainwright's Conference on Monday, September 12th, 2022, at 7:00 AM Eastern Time.
If you are an institutional investor and would like to listen to the Company's presentation at H.C Wainwright's 24th Annual Global Investment Conference, please click here to register for the conference.
Emerging Growth Conference
The Emerging Growth Conference is being held on Wednesday, September 14th, 2022. VERY GOOD will be presenting at 1:30 PM Eastern Time. The Company's presentation at the Emerging Growth Conference will be available via webcast.
Register for the webcast here.
Questions can be submitted in advance to: Questions@EmergingGrowth.com.
* Participants should reference that questions are directed to The Very Good Food Company by including the Company's ticker in the subject line.
Most certainly
I'm all in also but I believe our CEO will continue trying to do it all by herself ... unfortunately.
'''whether or not some have been allocated for advertising is the question.'''
I stand to be corrected but, for as much as I know, no fund have been allocated to advertizing. I have known other people who tought (most, rightfully) their products were so great that financial success only was a matter of time. Most ended up being acquired and the others outright failled. In general these were victim of lack of cash to market after they did put all their ressources in product development.
In our case CASH is not the issue. The issue is the belief of our CEO that marketing is an unnecessary EXPENSE instead of a required INVESTMENT.
Let's hope tme market waits long enough and marketing conciensus competitors do not develop better or similar offerings before we figure out it's to late (meaning having the expected success)
For the moment, MORNINGSTAR evaluation reads:
1- UNDERVALUED
2- Fair value at $0,59 cents (current pps at + or - $0.23)
Whatever that means ???
I like that ...
THE VERY GOOD FOOD COMPANY ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES - 09/08/2022 8:30:00 AM
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the "Company"), a leading plant-based food technology company, today announced that it has initiated a process to evaluate potential strategic alternatives to maximize shareholder value, which could include the acquisition by, or a merger with, an industry partner involving all or part of VERY GOOD's business or assets.
The Very Good Food Company Inc. Logo (CNW Group/The Very Good Food Company Inc.)
While the strategic review process is ongoing, the Company will remain focused on the successful implementation of its three-prong approach to (1) Stabilize, (2) Right-Size, and (3) Optimize, first announced in May 2022, to maintain and enhance the value of VERY GOOD's business and operations.
There can be no assurance that the strategic review process will result in any strategic alternative, or any assurance as to its outcome or timing. VERY GOOD has not set a timetable for completion of the review process and does not intend to disclose developments related to the process unless and until it executes a definitive agreement with respect thereto, or it otherwise determines that further disclosure is appropriate or required.
VERY GOOD has retained Canaccord Genuity Corp. as its financial advisor for the review of strategic alternatives.
I assume Leon has a plan but heck he should show it up somewhat instead of just reorganizing the debts.
Patience I intend to have. However I think we lose a lot of time, opportunities and revenues by only placing boxes on shelves not telling target consumers what we offer and what the product looks like so mothers can give it attention when they go by our shelves.
How often do people buy products they know nothing about?
I believe in this investment (my largest up to now) but cannot understand the stubborness of our CEO relative to talking to our potential customers. All she seems to understand is R&D and mandatory information releases to shareholders.
Frustrated but believe she may endup figuring out what has to be done .... before it's to late (competitors will not wait doing nothing.
'' ... notes now in default and the crazy June note with the $150K penalty, variable rate interest, 24% default penalty ... Leonite solidified its claim with the $745K June note due in 6 months. In addition there is $700K in convertible preferred shares of Cranberry Cove which holds the Canadian property, $400K in Ethema (GRST) series "B" preferred shares which is senior to all others, and other senior secured debt. ... The other stake holders need to catch up and make their claims as well because this appears to finally be unraveling ... The original $3.2 million in series "N" notes is now $3.9 million. It would appear that the interest has been rolled over into the notes ...
My hypothetical scenario would resolve all debts and shareholders (in particular the one (s) 'dumping in' millions would then hold 120,000,000 shares in a company having 200,000,000 O/S and 800,000,000 A/S left over.
That company would be debt (and notes) free, have cash on hand and an annual revenue of more than $5,000,000 right on day one.
So what do you think:
1- this company would be worth? (market cap)
2- What multiplier woud be appropriate
' ... to dump $10 million to bail this out with no expectation of a return ...''
1- $10,000,000 was an example
@ as for return: Can you tell me how much a company with no debt, cash on hand and an established revenue of $5,000,000 (based on last quarter ended 3 months ago ) could be worth in the market (market cap)?
Quote: 'They seem to just be running out the clock at this point and kicking the can down the road a bit more'.
Question: How do you justify that Leon would be only doing that? Why not just shut the door once and for all? Why are the lenders still play with him notwithstanding the story you so much enjoy painting?
Question? Could it be that all these people do believe in the future of that venture?
For sure it's speculation but ...
... if we go only with speculating that future is just a straight projection of what was the past (as someone enjoys saying) then one as to conclude that Leon is not only incompetent but outright stupid.
All I did is SPECULATE, creating a logical scenario but my point was that: looking at the past and the current state of the business to project disaster is speculation also.
I could also speculate that government programs could become available or whatever else I could imagine. I however did try to put up a theoritical scenarion making sense (unless proven wrong)
By the way, why does Leon keep working at putting back this boat afloat???
Quote: 'Scenarios with inflated revenue numbers with very little in net operating earnings aren't going to work.' ...
Question: I tought you said debt was the critical factor. Now paying it changes nothing ??? If company cleans the debt it should then be able to both clean the debt and finance expansion ... ???
Quote: 'They are borrowing each quarter to cover and those willing to lend is running short. Two notes taken out in Q2 also matured in Q2 and went unpaid. Borrowed $240K against future earnings in Q2. The bulk of the $247K of cash generated from operations for the first 6 months of the year came from the Canadian property lease. That source of earnings is now in jeopardy with the mortgage maturing in July and not yet refinanced. Bottom line is that cash flow will not be able to repay the June Leonite note and default means that the company will become Leonite's personal ATM machine.'
Question: wouldn't this 'problem be resolved by a $10,000,000 cash arrival?
Quote:'I see little reason for an angle investor to swoop in and throw good money after bad.'
Question: Could it be that 'throwing good money in' would become a good invesdtment if the money throwned in was rendering the company a financially healthy venture?
Cost of the 6,000,000,000 shares acquired: $ 0'00167
O/S 10,000,000,000
Even only condidering $5,000,000 revenues already secured, all that would be needed for this investment to BREACK EVEN UP FRONT is to assume a multiple of 3,33 so the market cap becomes $16,700,000 (pps of 0,0167 pre R/S suggested).
This is hypothetical but bottom line, WHATEVER THE PAST SAYS AND YOU ENJOY REHASHING, their is a way out of the historic mess ... looking forward.
That's one small step for babies; one ... (missing the follow thru)
'it is nice to be on some shelves somewhere .... but ... what are they doing to get the product from shelves into baskets to the houses and into little boys and girls bellies?'
Thanks for saying it. Unfortunately our CEO thinks mothers will find it by themselves and suddenly figure out by themselves also what that new box on the shelve is all about.
'This distribution will help introduce Else to new health-conscious consumers'
I'm not going to repeat it (it seems to antagonize some) but this quote demonstrates once again she doesn't have a clue about what marketing is.
You are so good at analyzing the past and focussing on debts, let's se what you think about the following scenario?
1- Leon or someone else does acquire the remaining 6,000,000,000 A/S for $10,000,000 cash with the unique intent to clean out $10,000,000 of debts.
2- Leon thereafter would do a 1 for 50 shares R/S resulting into a 200,000,000 O/S.
Considering an annual revenue's expectation of $8,000,000 what then could a realistic market cap become instantly? Wouldn't then a multiple of 5 be quite conservative? After all GRST would be in a pretty financially good shape with new means to grow in a highly profitable industry.
If so, the market cap would become $40,000,000 and on the basis of 200,000,000 new O/S that would mean a pps of $0,20/sh.
By the way the 'Leon or the someone else' move would make him owner of 120,000,000 new shares worth $0,20 each. That would be $24,000,000 worth of shares .... Not bad return of 240% for a $10,000,000 investment.
Did our management give up on the cannabis business? Would be nice to inform shareholders if management has any respect for them.
''Isracann Biosciences Inc. is please to announce that it has signed a distribution agreement for Praesidio Health products with Pure Integrative Pharmacy'' (09/01/2022)
Anyone can refer me to what financial programs the governments do have to support the more than 15,000+ private treatment facilities specialized in drug treatment facilities providing counseling, behavioral therapy, medication, case management, and other types of services to persons with substance use disorders.
The estimated cost for substance misuse to society is more than $820 billion each year and is expected to continue increasing. Approximately $170 billion is in direct medical costs and more than $156 billion in lost productivity.
For God knows why, someone wants to keep the pps as low as possible. This situation makes no sense and I shall wait for the future of events. One fact is for sure, there is a business behind the stock, our leader is an experienced successful business person and continuous progress has been made during the last 12 months but is not reflected in our market cap.