Sunday, March 01, 2020 10:23:57 AM
Grant failed as the CEO of a public traded company by not filing periodic reports in a timely manner, or as required by OTC Markets. This specific failure has nothing to do with revenue or profitability, or even corporate vision.
So it's not the chocolate business, or silver business, or business line. It's also not about profits, losses, book value, or any other metric.
$GNGR specifically as a result of the CEO's failure to file reports has made the company not worth a trade even at $0.0001.
To be clear: companies do file reports late, sometimes even a couple of years late. In the interim the share price declines as the risk of continued non-filing (and subsequent delisting) increases.
While many things are not under the CEO's control, collating and delivering basic financial and narrative information is.
The paradox of iHub: buy high, sell low
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