re: Let’s talk weed stocks in this thread

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Was that your strategy with the stock you have bragged about several times where you ultimately went from $800 to $0.05 currently... yet somehow that is a bragging point of yours? "If you weren't gullible like me, you could have made money at some point". Sounds so different then your argument with LVVV

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I put $800 in that stock and treated it like a slot machine.

When I go to the casino, I’ll put a few hundred bucks in the slot machines. At some point I’ll usually be up, but I don’t play slot machines to win a few hundred bucks. I play for the enjoyment and the chance to hit the jackpot. I plan on going home with $0 or a jackpot - nothing in between. Same thing with that penny stock. I didn’t care if I lost that $800 because I could afford to - I bought that stock for the chance at hitting 10x that amount. That stock tip came from an uncle who made 25x his money on a company run by the same guy that stock was under. And that’s why I can laugh about it and post it on a message board. If I felt bad about losing that money, would I have posted about it on a public forum?

You can yuck it up all you want about this stock. After dropping to nearly subpenny in recent weeks, today it bounced to .0185 in a couple hours on news of modest revenue. And the question about the $6 million for the ranch was posted on ihub and newsflash: no one cared. Because the people buying and selling the stock are oblivious to the details. And that’s the “hard core” LVVV guys on ihub. Most investors are even more oblivious than they are. That’s why the share price reaction was minimal yeaterday after the 2nd quarter report hit ihub, but the reaction was immediate after the press release today. Today the news reached a larger audience, and that audience doesn’t even read the financials like the ihub guys sorta do. Investors are NOT that informed and do not know or do not care about the details of the financial statements - they only care about revenue.

That’s what you don’t get. It’s not that I don’t give validity to all the great points you bring up about the financials, and I’ve told you this before. It’s your conclusions that I don’t agree with. Will all the tomfoolery with the books affect the company 5 years down the line? Certainly. But the share price will pop long before then. You see the pop that yesterday’s revenue announcement caused. Now it will fizzle out. But then the 3rd quarter will be even higher, and by that time, despite Bill’s shenanigans, the Paso Robles nursery ought to be up and running. And if not, then it will by the next quarter. Or the next. But when you have quarterly statements showing significantly increasing revenue AND photos of a 25,000 sq. ft. nursery full of plants, that’s when it will really take off. Will it be a dollar, or 2, or 10? Doubtful, which is why we kept talking about this being a “lottery ticket”. But it WILL show 50 or 100 or 200 or 300% gains. And that will be more than enough to satisfy most people (including me since I invested more than just $800 in this one). And if they luck into a major partner on that $6 million dollar ranch that’s unaccounted for in the financials (which even the gung-ho investors don’t care about), THEN it might be that lottery ticket stock.

TL/DR: You’re applying far too much logic to a penny stock.