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Not just this year! Every year! $350K per month.
Are you asking if I’m calling the bottom? I hope this is the bottom. The results seem good to me but the market might not think so.
They are posted. 5 mil revenue. 14 mil from PSF. $500K loss.
Want to share what the call was about?
Absolutely correct. Consider this dead money for at least 1 year.
Absolutely correct. Consider this dead money for at least 1 year.
cash on hand = 0. ATM program = $39 million. down we go.
yes with continued dilution from the ATM. $37 million stolen from shareholders. Don't expect any gains soon.
Emerald not exercising it’s right to purchase the full amount from PSF. Emerald is in deep trouble. And you can tell VFF does not like them. Why even put that in their quarterly statement?
2.30 CAD average.
They absolutely lied to you. They are selling shares. 2 1/2 million dollars worth last month at around 2.30 average. God only know how many more they will sell in August. They are broke and have financial obligations. We are in serious trouble. This management team is awful. Wish I sold out in March.
I'm down a lot of money. Hopefully one day I will make it back.
For the record. They have an ATM program for diluting us and raising money. You can find all the documents on sedar.
March - 0.2mil raised
April - 4.3mil raised
May - 5.5mil raised
June - 4.7 mil raised
July - 2.3 mil raised
That is 17 mil of the 39 mil they are allowed to raise using the program. As soon as I saw the notice about this program in March I should of gotten out. It makes my blood boil when I hear the Emerald excutives talk about "hockey stick" incomes and "rock show" earnings. Meanwhile they are purposely screwing the shareholders. They have no money yet Emerald Sciences feeds off of us and they just raise more.
Actually I just looked on SEDAR. Emerald files every month how many shares they issued "ATM" and diluted our value by. This is sad.
In June they raised $5Mil using the ATM. In July they raised $2.3Mil.
Pathetic. They are out of money and diluting us to death. Good luck.
Maybe Emerald saw the share price jump and used their ATM program to dump a bunch more shares into the market and raise money. I wouldn't be surprised. This seriously sucks short term but I'm hopeful they can execute on what they are doing and start showing serious profits. Until then this is dead money.
I tend to agree with Willie. I'm not going to lock in my losses at these levels so I'm forced to hold but something is clearly not right. Any investor that wants to invest in PSF is clearly buying VFF stock not EMH. Why would you pick EMH over VFF when we are in debt and our largest shareholder is milking us for all they can.
I hope you're right. I don't know. They are paying a ton of money to Emerald Sciences... for what? Sciences is their largest shareholder, and they are milking them dry. Why is our loan with Sciences at 12% interest but the loan PSF owes us is only at 6%? Way too many inter-party transactions and conflicts of interest. Guess the only way to debunk this is to show profits and it seems like we will be waiting at least 6 more months for that. This is dead money.
Can't believe this touched $2 yesterday and now here we are in the $1.50s again. Actually I can believe it, but man it hurts. Down close to half my investment here and it's not a small one. Is their any hope for the rest of 2019?
Drew you are right. I wish I had more funds to add but I maxed out before this last big drop. Wish I was smart enough to sell in March/April and re-buy now but I'll just have to try and enjoy this ride up with my current position. Hoping to hit break even again sometime this fall.
I thought they would of up-listed by now..... who knows if they ever will. I am not sure what they're priority is. Making money for shareholders or funneling money to Emerald Health Science their majority holder. All the inter-party transaction are shady.
Thanks for the info. Let’s hope the trend turns around soon.
Not bad. I originally bought April 2018. 14 months later down $1 per share.
Report isn't bad. I'm on the cc right now and wow Avtar is an awful speaker. He can barely read the script in front of him. Replace Avtar and this company really takes off.
Punit Dhillon stepping down is HUGE. Hopefully this will be a weight lifted off our backs.
Maybe... interesting times ahead. Earnings soon, and guidance will be huge. HOLD STRONG!
Exactly where is the PR from Emerald. The report absolutely trashed Avtar Dhillon and his Dhillon clan. They need to stand up for themselves.
Might happen. I’ve given up predicting the market but long term I feel very good about this company. $10+ by end of year.
I think the management team gets it now. This next er should be better and forward guidance should be spectacular. Many big things in the works as well as uplisting. HOLD! (Or buy more)
Exactly. It’s a cover for something big. These guys are building something and I suggestion we show patience.
There is no official PR. But, IR is telling people that contact them it is delayed until end of April because of office move from victoria to Vancouver.
Delayed because some big news is coming prior to the report....
They are publicly saying it is because of an office move. An obvious cover.
Thank you guys for sharing this info. I may be adding to my position Monday.
Good thought. But, will Emerald pop now that everyone knows more dilution is coming. That explains why we aren’t moving.
Exactly. And anyone who is investing in PSF is investing in VFF. Not EMH. Disappointing.
They probably have no money to proceed.....
So. Another round of financing and dilution? That is worrisome.
VFF up 8%, Emerald down, again. LOL. I'm about ready to pack it in.
If share price doesn’t move now something is wrong. PSF showed massive numbers in last quarter while it was still under conversion. Money will be pouring into Emerald tomorrow.
exactly. VFF earnings tonight and conference call tomorrow. Should provide some action.
Can we bust through $3.00 finally?! Major resistance there.