The Very Good Food Company Inc. (VGFCQ)

[pual]

Very end of April, Morningstar established VERY (CDN) FAIR VALUE AT C$ 1,44
before dropping it to CS1.28. For whatever reason, shares became trading at (relatively) high pps and I sold mine (chickenned out to be honest) at C$ 0,91

Then came the news and the market sold, out of control, taking our pps down to C$ 0,45 on an extremely high (relatively) volume.

At $0,46, I bought back twice as many shares as I previously had, understanding that even if the company rides a tough time, they took appropriate actions to reestablished a better base from where to go from.

Following the news, Morningstar reduced it estimated fair value to C$1.12 (12,5% lower than the estimated fair value right before the news). On the otherhand, the market sold in panic at The original value of the stock (June 18 2020) a drop of 50%.

Looking forward to the next financials filings but, I somehow belive the market value of the company to be higher than the current market cap of about C$ 50M.

Let's see what's ahead and GLTA