Volcan Industries (VOHO)

[Potse]

Becoming very uncomfortable with this investment......

I would think Feldman would be able to pivot VOHO in another direction if something in the mining sector did not materialize or develop the way he wanted. Similar to what he did with his current Australian company (Cann Global Limited) which moved primarily from the mining sector to cannabis.

Shareholders in Sholom Feldman's other public company (Cann Global Limited) are becoming increasingly alarmed/angry over dilution and transactions that have been occurring with that company. I haven't monitored in-depth all of the activity/details of that company, but it does seem like the shareholders have legitimate reasons to be concerned. Some of the transactions certainly leave a bad taste in your mouth, and the level of dilution seems excessive/needless.

All of this is making me very concerned with the VOHO position I have accumulated. Risk/reward looks less favorable now than when I first started buying this stock. Definitely not getting a warm-and-fuzzy feeling about my VOHO position. I may end of regretting this, but I am probably going to just hang on to my position, cross my fingers again, and hope something positive develops here.

At this point I think I would be much more comfortable seeing the Feldman's sell their VOHO control shares to a completely arms-length third-party, and see VOHO move in a completely different direction. From a retail investor perspective, I think a sale of the VOHO shell and a subsequent reverse merger would offer the best opportunity to get a decent return on my investment here.

https://www.smh.com.au/business/companies/diamond-joe-s-sister-pnina-feldman-flying-high-on-shareholder-funds-20211118-p59a8r.html

https://www.smh.com.au/business/companies/mystery-over-pot-stocks-diminished-interest-returns-from-10-million-20211124-p59boa.html