re: Let’s talk weed stocks in this thread

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I'm no expert, but does share dilution play a part? Is anyone being paid in shares and they're cashing in?

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That may very well be playing a part lately. There has been some dilution, but I don't see it as anything unreasonable. My understanding is that they had a toxic debt problem when they were an energy chew company, and that's not an issue this time around. But their acquisitions of Alpha Creations, Sacred Biology, and Mojave Jane (while we had them), in addition to signing Jimmy Connors as a spokesman/advisor, were all primarily stock deals to my knowledge, but I see those as beneficial moves for the company. There are smaller players that have been paid in stock as well (my kid included), and some of those people may be cashing out for a quick buck instead of holding long. At some point all those restricted shares become unrestricted.

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Could LVVV's history/reputation as a pump and dump penny stock back when all they did was energy chews be hurting them now?

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It certainly could - that's why the uplisting will be huge for us as far as legitimacy is concerned. But also keep in mind that trading volume was in the tens of millions of shares/day during the peaks. So the investors have been there before and will be again. I think with the whole market down for a while now, and so many cannabis companies to choose from, news and hype alone aren't going to move us anymore - it will apparently take revenue, which isn't far away now.

I've read plenty complaints about Bill (CEO) from the energy chew days over on investors hub, but each time I ask for specific complaints and what exactly Bill did to upset them, I never get any answers. The energy chews failed as a product, so likewise the stock tanked. But I was a big fan of the product. It was literally the only energy boosting product I've tried that actually worked, and I've tried plenty (Red Bull, Monster, 5-hour energy, etc.). The product was available at my local GNC, and they even had an endorsement deal with Randy Moss with his picture on the box. It just didn't sell.

I can understand that stockholders back then were upset with the failure, but I still can't find out what Bill did (or didn't do) that upset people. I know there were "pump and dump" things going on, but I don't see where Bill was directly responsible for that. I keep asking, but no one responds. I'd love to know more about what went on back then.

Livewire is definitely not a cash-rich business right now like, for example, High Hampton. But I think they've reached that critical point now where they are too close to major success to fail.