Youngevity International Inc (fka YGYI)

[food4thought]

Well it appears he’s more right than we are on this one. I’ve held this far too long and didn’t liquidate when we participated in the Cannabis run of 2018. Big mistake. I thought this company was set to growth and I was hoping even tho the decline was ugly that they weather Covid and could benefit thru e-commerce MLM sales and maybe cover some coffee loss rev’s thru hand sanitizer marketing and sales. Cruise lines not running clearly hurts. This company’s top brass has done nothing to reassure shareholders that they could get thru this down cycle or prove that they could be proactive and find new ways to grow their business model. Coffee and Cannabis should be a viable revenue stream for growth given the right business model and market awareness.

This management has done nothing for it’s common shareholders but has rewarded the preferred handsomely with a hefty return on their investment. They choose not to be on top of the Nasdaq requirements to remain on an exchange that offers liquidity and clarity. That’s clearly not a good sign. It took much to get here, yet zero effort to remain. The market cap for this company is now abysmal. Their debt and revenue losses must atrocious if they unwilling to share their financials. Excuse after excuse. It appears to be the end. We/I had a golden exit opportunity in 2018. Missed it. Too bad. Who would have thought, that would be the only opportunity to turn longly held, averaged down shares in for a profit. Unfortunate, and it appears Briskie or Wallace could care less.