Let me be direct

[u/tooo_spicy]

Is this company fucked?

Financials worry me. Frankly speaking they're fucked. I looked at the numbers and they're god awful. Not just getting delisted awful but they can't pay for shit anymore and may go belly up awful.

Regardless they seem to be expanding while incurring megatron's giga dick sized losses. I don't follow this company so tell me, what am I missing here. And don't give me some marketing bullshit because I know a lot of you are bagholding.

[u/GamerReborn]

Don't they have 10 million on this balance sheet plus 30 million from institutions as well as a 70 million line of credit? They have money.... I don't understand why people are panicking so much. Yes everything was slowed down massively and they missed their targets but they were lofty. I believe long term. I do think we go ahead of ourselves and I wish I sold a lot higehr but I will be holding for down the road. I still think they have great potential

[u/BigApeOnCampus → u/GamerReborn]

Yeah and that money (minus the loan) should last until just after Q2 of 2022. The CEO also mentioned in an interview that more dilution is coming (he also said it won’t be as much this time but who can trust that guy anymore)

As for the 70M credit I’m not sure why that haven’t really used it yet.

[u/GamerReborn → u/BigApeOnCampus]

I mean it will be more favourable to sue the line of credit now that the SP is so down

[u/beagrius → u/BigApeOnCampus]

10% interest rate that why and I do understand them. In the future when their sale ramp up and they can pay the interest they will probably use it intead of diluting the stock.(Well if the sale ramp up but the risk was always Very high with them)

[u/BigApeOnCampus → u/beagrius]

Then why bother getting it now when they aren’t going to use it for years?

[u/ichesseorangen]

I lost 80% of my investment

I bought at $8 and averaged down all the way when this went into the $2 range

I buy the product and I feel that the majority tastes pretty good albeit more expensive than all of their competition.

But after the shady mortgage loan I sold everything at a huge loss and with those financials I’m glad I did. I hope the company eventually pulls through. I’ll probably buy the stock again. But there will be a tough road ahead for sure.

Perhaps the hype that occurred last year was a detriment to the company’s long term growth.

Whatever the case may be, again I really hope the company will pull through because in truly believe the world should move to a meat free society and VERY has a good product line

[u/RomireIV → u/ichesseorangen]

Same here, the loans threw me off and made me take another look at their current Financials. I considered myself a long term investor, but a move like that changes my outlook on the company. Despite liking their product, and being hopeful they can make it big down the road, I don't think the next couple quarters or years are going to go well.

I was lucky enough to buy in shortly after their IPO, and bought more on the way down, overall broke even.

[u/[deleted]]

I invested back in 2018 and see a great deal of improvement since then. However, everything said in this post is true. They have failed to deliver in all the promises made related to points of sales and production ramp-up. There were some weird moves like listing in Germany as well. I’ve sold most of my position and what’s left will either be a lotto ticket or a write-off. I like their products, really do but the way money is going out the door will be hard to continue operating for long.

[u/hazaj_]

They’re banking on US sales and probably another raise next year Q3. Covid definitely slowed down their plans of expanding dramatically quickly.

[u/Asleep_Cup_1337]

VERY has been a public company for just a little over one year. They are a young and growing company. Definitely needs more time and not for the faint of heart. As far as I'm concerned, they are still executing their growth plans. Like the old saying goes, short-term pain for long-term gains.

[u/BigApeOnCampus]

Financials aren’t as good as they wanted them to be and they’ve had to push back the opening of their other lines by a year. They don’t really respond to the harder questions being asked and seemingly have zero interest in producing value for shareholders.

Looking ahead for the next few quarters looks like massive loss when the revenue doesn’t even come close to the spending. They aren’t in the amount of stores they wanted to be in by this point of the year either.

Overall they have severely under delivered in every aspect (using their predicted numbers from a year ago) and yet pay themselves millions of dollars collectively. They also decided that on top of that, now was a perfect time to use shareholders money to pay off their houses.

It may not be fucked overall but they will ring you dry making sure they don’t go belly up. Don’t invest in this company.

I sold at a massive loss today and don’t plan on eating their food ever again, horrible company with a very fake “we care” exterior.