Sorry Tigrrdad, I just dont think lvvv is on the radar for most weedstock investors. I'm not sure uplisting or revenues are going to help unless the word gets out in a big way. The audience for any news is basically us. The books are keeping serious investors away.

I'm still bagholding, but I think we need more to happen than uplisting and revenues to see any real change.

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Posted by TigrrrDad

Member since Oct 2016

7308 posts

Posted on 2/13/19 at 1:49 pm to BitBuster

quote:
Sorry Tigrrdad, I just dont think lvvv is on the radar for most weedstock investors

I’d agree with you if they hadn’t already been there before. Like I said, last March-May saw days with tens of millions of shares traded. That wasn’t from a just a handful of guys on ihub. I think when people jumped onbaord then, when they were getting the Coachella permit, ordering the pods, etc., people thought that meant they’d be up and running in a month or two. They didn’t realize it would take all the way until Dec. 31 to get the state license for Coachella. When things didn’t happen quickly enough, people bailed. But I believe they will return when serious revenue is being produced.

The run in October up into the 6s (when we got the distribution license) only had around 1/10th of the March-May volume, so it wasn’t sustained. Every penny stock that has hit wasn’t on everyone’s radar until it was. The advantage we have is that investors have been here before, but are waiting until something real happens (i.e., revenue).We’re past the days of being driven by hype.

Of course, every person should evaluate by their own reasoning and bail if they don’t believe it will happen. I just don’t believe we’ll be trading in the .02s when we’re eventually showing millions in revenue/month. And I see that happening once Coachella and Paso Robles (or Riverside) are both up and running.

quote:
I'm still bagholding

I don’t know what your avg. is or when you got in, but I’ve been buying from around July through December, and I’ve had opportunities to cash out at 50% gains in October when my avg. was still in the 4s, and several times at 25% gains when my avg. was at .03. My goal for my entire portfolio is 5-6%, so I wouldn’t call that bagholding.