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Re: Goodbuddy4863 post# 759

Monday, 05/04/2015 6:53:36 AM

Monday, May 04, 2015 6:53:36 AM

Post# of 11323
i am not a day trader. I am 35, just started investing, but I learn fast. Our shares of Organigram, if Organigram were to go out of business and sell all of their assets, distributed all the remaining value of this company to its shareholders - you would recieve less than 12 cents - it is called book value.

The book value of OGI is very low, every month they don't make earnings it goes down, when they take out a loan it doesn't help, HC approvals don't help, only earnings can help - in order to JUSTIFY it's current market value it would need to EARN money, but it doesn't do that now.

OGI is currently over valued, PERIOD.

I didn't think that all out when I first bought, my only reason for buying at the time was some bullshit I read from Chris Perry, luckily when I read it the news was old and most investors were already decently burned, I got in right where it is now,, .53 CAD I seen it go down some, I have seen it go up some, and I bought and sold accordingly, I made money, now I am out -

I put my money in a much more advantageous position not that I have actually done some DD and thought about the numbers

OGI is a bad bet in this market - if they do good others will do even better, but good luck to all, especially the elderly - But I will gladly buy some more if it drops to about .46 CAD, not much, but some
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