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Message
re: Let’s talk weed stocks in this thread
Posted on 4/14/19 at 5:03 pm to Mr.Perfect
Posted on 4/14/19 at 5:03 pm to Mr.Perfect
quote:
We need an update
Nothing new to report that hasn’t already been reported via LVVV’s twitter/news releases. Tripled capacity at Coachella and the distribution business continues to grow. Financial filings continue to be late as usual
. I bought a new Vette this week with the profits I’m gonna make this summer from LVVV. 
Driving 500 miles next week to pick it up. Bought it online because the Will Cover method is a waste of time. When LVVV hits, I’m gonna do donuts on igoringa’s lawn.This post was edited on 4/14/19 at 5:07 pm
2
Posted on 4/14/19 at 5:36 pm to TigrrrDad
quote:
When LVVV hits, I’m gonna do donuts on igoringa’s lawn.
Posted on 4/15/19 at 4:22 pm to TigrrrDad
LVVV has released their annual report.
LINK
Seems like their auditor has run from the hills as it is unaudited and their disclosed audit fees for the year to date is zero. Although it could be that they just cant fill out a simple form correctly and the auditors are still around. Each of us can conclude on which incompetence rules.
The document is about as useless as it gets as:
1) We all knew Q4 was not going to have anything of note to report - it is Q1 2019 that the longs are waiting for.
2) The document is horrific in terms of compliance, typos, missing disclosures … about as bad as it gets. It cuts and pastes from other companies from other years. Their funding came from massive dilution of common stock of 60% over the year and a $ 1 million loan from somebody. With who and at what terms? Now why would they disclose that. LOL.
They have a $2.7 million hit for a legal settlement - the nature of which is well a secret apparently (and no it is not the note in dispute).
Which leads to the obvious - the ridiculously low bar that it takes to get uplifted.... these guys cant get close. They now have multiple years of financials to gut and redo and still need an audit committee (for starters).
LINK
Seems like their auditor has run from the hills as it is unaudited and their disclosed audit fees for the year to date is zero. Although it could be that they just cant fill out a simple form correctly and the auditors are still around. Each of us can conclude on which incompetence rules.
The document is about as useless as it gets as:
1) We all knew Q4 was not going to have anything of note to report - it is Q1 2019 that the longs are waiting for.
2) The document is horrific in terms of compliance, typos, missing disclosures … about as bad as it gets. It cuts and pastes from other companies from other years. Their funding came from massive dilution of common stock of 60% over the year and a $ 1 million loan from somebody. With who and at what terms? Now why would they disclose that. LOL.
They have a $2.7 million hit for a legal settlement - the nature of which is well a secret apparently (and no it is not the note in dispute).
Which leads to the obvious - the ridiculously low bar that it takes to get uplifted.... these guys cant get close. They now have multiple years of financials to gut and redo and still need an audit committee (for starters).
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