Replies to post #6093 on Youngevity International Inc (fka YGYI)

[food4thought]

I get all the delisting issues. Simply stating the preferred dividends were significant and they didn’t balk, so they clearly have some money.

I don’t know if they have the cash...maybe it’s a renegotiation? Whatever the case $5 mill isn’t enough to bankrupt the company. They have revenue streams that can be grown. MLM is clearly a mess but you’d think with the e-commerce boom, they could have benefited. The management team clearly isn’t a savvy group, but coffee and cannabis divisions have value. They simply need to get their shit together and run the company as a publicly traded company should be ran. Clearly being delisted was inexcusable as it took much effort to get on the Nasdaq. 2018 gave them a golden opportunity to dilute for cash, if needed, and they missed the opportunity. The preferred offering wasn’t terrible had they put the cash to work. Idk but seems to me there is more to the story.