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This OGI stock is all over the place.
I had to speak to an agent to update my banking account. But I agree with you, I learned today to never buy pre market.
I hope I didn't get in too late.
I Wanted to buy it yesterday at $5.52 through CIBC investor edge account but I was put on hold for ever and ever.[once connected , of course after trading hours, they told me that with pandemic to be over soon ,the market is so hot and volatile that their volume of calls is of the chart, everybody wants to play the stock game].
So I bought it this morning at $7.27 and of course now it's down from its pre market value. I hope I didn't rush into this, and it's not a repeat of the 2018 pump and dump.[I lost big with that GREEN GROWTH BRANDS stock, like many other people, hope I'm not making another mistake here with OGI].
Spending millions for a project that is going to be your pride and joy and in the end being forced to sell it to retain only 20% of it because you ran out of money is hardly the definition of success.
Covid 19 has nothing to do with the retail utter failure of this company. It was in complete disarray way before this virus showed up. This company under this management team simply made a number of poor, incalculated, reckless decisions. They overspent recklessly, made bad deals,choked their stock to insane dilution and had the Audacity to pay themselves handsomely while many of us got taken down for the ride. And it's not "the shorts" that are guilty, it's Horvath and Co who simply stupidly, recklessly over spent. They ran out of money
It is truly over. No sense bitching any longer on posting posts that makes no difference in the end. If it was a scheme from the beginning, I hope the parties involved get exposed at some point. If it was gross mismanagement , I have learned what "pumping a stock" trust really means.
No sale, no cash infusion. Not anytime soon. The CEO tells in his memo that he hopes his employees will some day look fondly on the memories of having worked for GGB and in the same breath says he can't pay them. He thanks them for their exemplary hard work but he can't pay for that hard work. WTF, really WTF. Employees must feel even more like sh.t to know that while they won't be getting their cheques,the a.hole and his team made sure they got their million plus salary and bonus. Let's take that away from him and wish him fondle memories of GGB
Green Growth Brands terminates practically entire work force. Can't make payroll.
Aphria stupid deal and penalties thereof, moxie deal failure and penalties thereof,idiot decision of shares buy back, incinerating cash left right and center without assessing the value of the spending,outrageous self payments. That's how they ran out of money. It's not that complicated. NOT ANTICIPATING THE COMPANY IS GOING RUN OUT OF MONEY, that one is beyond me. How can you not see you're running out of cash weeks or months in advance. Unless you deliberately want to do that.
He's gone. He got his bonus and fat salary and God knows what else in severance pay. And because of his mistakes we, us, got nothing. Stop making excuses for this team deplorable managing skills. Supposedly creme de la creme managers, my ass.
The virus has nothing to do with it. The company was in deep trouble far before that. Short selling did happen but it didn't drive the company to the ground. Management did. The company would have survived if Horvath didn't outrageously burn an obscene amount of cash on a model that didn't even prove itself. The man was incinerating cash so stupidly on foolish acquisations and non sense deals. Gross, gross, gross mismanagement.
So much damaged done. It's almost over.That a-hole being fired or stepping down makes no difference at this point. Too much damaged done.
No it's not non sense. It's actually emphatically correct. Horvath ran our investment to the ground by making irresponsible decisions in burning cash so foolishly. All the while filling his pockets with an over the top extravagant salary and bonus. Not caring the least about the shareholders. Making excuses for his behaviour, that's the nonsense
If the concept of someone who ran your investment to the ground by making irresponsible decisions all the while filling his pockets shamelessly handsomely escapes you, I dont have much to say anymore.
Again hiding behind the legalities (and by the way $1million dollar for a start up company is NOT typical) vs earned deserved performance.
This is a POS company with a POS leadership team who ran this POS stock to the ground. Whoever defends this management team is either on the take or needs to see a psychiatrist. And if you need to come back to that statement , read this: January 14 2019 share is $6.40. March 14 2020 12 cents. That alone should be the end of any discussions
Salary may be legal. Fine, it's not illegal but it's highly immoral. Most investors on this board and everywhere else lost serious money on their investment because of the gross management of this executive team. Spending cash so irresponsibly that in the end they are forced to sell what they were trying to build in the first place. They sold the one thing they asked us to believe in from the beginning. The one thing why we were invested in to begin with. They do not deserve that salary and bonus. Not one bit.
One excuse after the other and the other.....
Getting paid absurd amount of money while you know your company is running to the ground because of gross mistakes you made, I.E burning cash so irresponsibly that you're forced to sell what you were trying to build in the first place, yeah that is surprising/disgusting.
Spin it anyway you want, done talking.
This POS management team filling their pockets while this POS company is burning down, that's not fiction, that's reality. Lawsuit piling up for non payment , that's no asteroid , that's reality. $6.14 in January 2019, 12 cents a year plus later, that's no asteroid that's reality.I'm wasting my time.
Go ahead , keep buying, looks like a smart move
You stated that you were aware of the complaints on their account.Start there.
Your piece doesn't even address the issue.
If they were paid, I would think that their account would reflect that asap.
maybe you'll see that on the next lawsuit
OK. But posting a piece that doesn't allude to the subject in question is not much of an answer.
As far as a link or "source", post 1921 gives you a clue on where to look.
Where is this piece does it say employees were paid?
what about not paying employees, does that have merit too?
Read again. You're responding/commenting to the wrong post
More Sh.t:
CBD Co. Green Growth Accused Of Shorting Ad Co. $700K. Law360 (March 11, 2020, 4:14 PM EDT) -- An advertising firm sued cannabis company Green Growth Brands in Ohio federal court on Tuesday, claiming Green Growth hasn't paid for more than $700,000 worth of the firm's work.
This management team, Horvath is, as low as they come. Downright common thief. Just wanted to fill their pockets as much as they could when they realized that somewhere along the way [few months back] the company wasn't doing good any longer. Never really gave a sh.t about us in the process.In a perfect world, instead of bitching, I'd take that 700k and deduct it from his undeserved salary.See how it hurts to screw people out their money.
I wasn't referring specifically to you about the Shorts comments.
As far as the stock rebounding, highly doubtful. And that's putting lightly. Their financials shape is beyond horrendous. GTL to you as well
whatever, doesn't matter anymore. POS company, but more over POS Charlatans management. Pocketing disgusting salaries and bonus all the while knowing where this is was going from months in advance.
We all knew? not really. There were some on this board that kept telling us it was all the shorts fault, or at least 90% of it.And kept this non sense going for months.
What no more comments?? where are all these defenders of this POS GGB who for months kept making excuses for this POS company? they all STFU now.
oh wait , it's all the shorts fault.man FO
Is it a fail business or a scam,I just don't know anymore, arguments can be made for both, most especially after yesterday news. Many posters pumped this stock until the last minute, despite the house burning down all around them, some still do even now at this point. Unbelievable.This was a lesson for me.Through and through.
The executives got out of this a nice salary and bonus. We got left with holding you know what in our hand. Good luck guys.
I know, agreeing with you
It doesn't. As I said, these analysts are all over the place.
In January 17, analysts predicted this instead: "As of Thursday, analysts’ consensus target price is 3.75 Canadian dollars. The target price implies a 12-month return potential of 420.8% from its stock price of 0.72"
And now a month later, it is forecast to 10 cents in the next 12 months.[Granted, the company acknowledged running out of money in between both analysis, but still the gap is enormous].
Then again,so many of these " analysts" have been consistently wrong about forecasting this stock
a nice end of the week and now this:
GREEN GROWTH BRANDS (OTCMKTS:GGBXF) PRICE TARGET AND CONSENSUS RATING
1 Wall Street analysts have issued ratings and price targets for Green Growth Brands in the last 12 months. Their average twelve-month price target is $0.10, suggesting that the stock has a possible downside of 72.28%. The high price target for GGBXF is $0.10 and the low price target for GGBXF is $0.10. There are currently 1 sell rating for the stock, resulting in a consensus rating of "Sell."
You kinda all over the place my friend like many of us by the way. Last week you were so disappointed about this stock stating it was the worst in 22 years of trading. Now you have renewed confidence in it. I totally completely understand this rollercoaster of sentiments. Goes to show how much you and many others have invested in this company. I saw a sea of comments this last 9 days. Good and bad. What I take away once and for all from all of this is its not over til it's over. We need to allow time on this one.
And that is so not right.