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I posted a reply on LinkedIn. Here's paste and copy:
Venture Life have hyped the importance of past contracts that proved very meh. They've hyped how a mouthwash was going to help you beat covid. They did a bit of accounting trickery that made a boon in hand wash sales during peak covid angst in 2020 look as if it was surging 'brand' earnings rather than manufacturing so as they could look like a high margin brand business rather than a 3rd party manufacturer of product (mkt likes the feel of brand more, but note historically VLG made money out of manufacturing not brands). Then what did they do?...
A lovely trick of doing a big raise for 'dry powder' to continue their amazing winning formula before end of 2020 (and actual results) on back of all the hype and investor gullibility that also allowed exec mgt to sell a lot of stock...then sat on their pile of cash helping kill the share price as core biz disappointed before eventually making some acqs to effectively replace their crap core biz
Thro this process mgt no doubt have reset their share incentives at a really low price to have another crack at playing investor gullibility
So are you recommending this stock as you think its a good company? Or do you see a chance to get in early on another pump and dump and ride it with mgt?
