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re: Let’s talk weed stocks in this thread
Posted on 5/17/19 at 2:42 pm to quail man
Posted on 5/17/19 at 2:42 pm to quail man
quote:
What’s going on with DRVD today?
These things are so easily manipulated. I was thinking of getting in if it got to $1.50. The company seems to be steadily growing, then you see this sell-off. Now I'm second guessing the whole idea of taking a position.
Posted on 5/17/19 at 3:02 pm to igoringa
quote:
Surprised they were pushing for individual clone sales on a cheap website to begin with when mass producers clearly are going to buy their clones by the thousands. Lmao.
yeah when i shopped clones in california it was pretty easy to find them but everything was a contact form or over the phone.
there should be a b2b marketplace for this kind of thing
Posted on 5/17/19 at 3:17 pm to quail man
quote:
Is this what the dot com boom was like for a while?
Yeah, but with people buying legit businesses
Posted on 5/17/19 at 4:51 pm to Thib-a-doe Tiger
quote:
Yeah, but with people buying legit businesses
You and I recall the .com boom very differently.
Posted on 5/17/19 at 9:58 pm to BitBuster
I was too young for the dot com boom so I could be wrong but that time seemed to create a whole lot more overnight millionaires. The Bolger i am in this micro weed stocks, I don’t see that happening but for a very select few
Posted on 5/19/19 at 7:14 pm to Thib-a-doe Tiger
quote:
I’ll hold it down for you, but if we get egg on our faces, gonna need you to come back
Well Bill still hasn’t sent Shopify the 30 dollars for the month so I the website is still down - I think Q2 May have a dip LMAO.
Posted on 5/20/19 at 2:54 pm to igoringa
If the price keeps sinking, these assholes are going to make me buy another 100k shares.
Posted on 5/20/19 at 3:05 pm to rowbear1922
Well at least we know why the haven't paid the $30 to shopify to keep their website rocking - not like they were selling anything anyways....
Posted on 5/20/19 at 3:08 pm to igoringa
They got a license to grow on Dec. 31.
You expected them to be growing and selling at full capacity from day 1? Have you ever operated a business before?
ETA: The end of the second quarter has always been what I consider the benchmark. If they are still showing these numbers at the end of Q2, I wouldn’t argue your point.
ETATE: That being said, For me $150K would have been expected. These results were crap, but Bill gonna Bill. But I still look at late summer for the big run.
You expected them to be growing and selling at full capacity from day 1? Have you ever operated a business before?
ETA: The end of the second quarter has always been what I consider the benchmark. If they are still showing these numbers at the end of Q2, I wouldn’t argue your point.
ETATE: That being said, For me $150K would have been expected. These results were crap, but Bill gonna Bill. But I still look at late summer for the big run.
This post was edited on 5/20/19 at 3:19 pm
Posted on 5/20/19 at 3:23 pm to TigrrrDad
quote:
They got a license to grow on Dec. 31.
Yes Thumpa, well aware. Although, pretty interesting they posted pictures of them growing in December
LINK
quote:
You expected them to be growing and selling at full capacity from day 1?
Well they were obviously growing as shown. I never said I expected shite from them Thumpa.
Feel free to spin here while crying about disappointment other there.
quote:
Have you ever operated a business before?
yes and it makes more then LVVV ever will.
quote:
ETA: The end of the second quarter has always been what I consider the benchmark.
Debate yourself :
quote:
Why wouldn’t you expect to see a huge increase in revenues? With all the time they’ve had to line up business, you don’t think we should expect at least one full pod of clones sold, which would put us comfortably in six figures? I think anything less than $150K would be a huge disappointment.
quote:
If they are still showing these numbers at the end of Q2, I wouldn’t argue your point.
yeah you will - you have ignored the obvious all the way through this. You will continue to ignore, spin, ignore.
Posted on 5/20/19 at 3:30 pm to igoringa
Where did I argue that these numbers aren’t disappointing?
If you are going to argue that I haven’t consistently looked to the end of Q2 as the benchmark, you haven’t read this thread. But we already know that.
If you are going to argue that I haven’t consistently looked to the end of Q2 as the benchmark, you haven’t read this thread. But we already know that.
This post was edited on 5/20/19 at 3:31 pm
Posted on 5/20/19 at 3:34 pm to TigrrrDad
quote:
Where did I argue that these numbers aren’t disappointing?
Dude, the post is clear - your first response before the 14th edit was to excuse make... It is there for all to see.
But congrats - $47K for 3 months of operations of a pod you state can hold 16,000 clones... pretty impressive. LMAO.
Posted on 5/20/19 at 3:36 pm to igoringa
When is your vacation - you seriously need one.
Posted on 5/20/19 at 3:43 pm to TigrrrDad
quote:
When is your vacation - you seriously need one.
I can understand you wanting to deflect on to me. Everyone hates being duped, I can understand why you are frustrated ... and for a mensa level, it must be that much harder.
Don't worry - you will nail the next one buddy.
Posted on 5/20/19 at 3:47 pm to TigrrrDad
Roots should show up within 10-14 days of cutting and planting the clone allowing transplant to a ~1 gal pot. That’s grown for a few more weeks to month then transplanted to larger final pot.
If they got the license dec 31, they need to show some progress on cloning either as a revenue # or in photos.
If they got the license dec 31, they need to show some progress on cloning either as a revenue # or in photos.
Posted on 5/20/19 at 3:50 pm to eng08
They have.
Likewise, they’ve added more pods at Coachella to expand operations.
The weak Q1 results will make Q2 appear that much better.
Another 4D chess move by the incomparable Bill Hodson.
Likewise, they’ve added more pods at Coachella to expand operations.
The weak Q1 results will make Q2 appear that much better.
Another 4D chess move by the incomparable Bill Hodson.
This post was edited on 5/20/19 at 3:52 pm
Posted on 5/20/19 at 4:48 pm to TigrrrDad
Someone could make a lot of money just by doing the opposite of what I do.
Posted on 5/20/19 at 10:29 pm to igoringa
I read the report. Says they will need to sell more stock to keep the operation going.
Didn’t sound like sales was going to increase much any time soon.
The Q2 Report is still a long ways away. Near-term, I doubt there will be any price appreciation short of a buyout.
Didn’t sound like sales was going to increase much any time soon.
The Q2 Report is still a long ways away. Near-term, I doubt there will be any price appreciation short of a buyout.
Posted on 5/20/19 at 10:52 pm to TDFreak
quote:
I read the report. Says they will need to sell more stock to keep the operation going.
Yup - also notice they had to take a $500K loan in March... ofcourse they didn't disclose the terms or anything of merit about it. We can see they already recorded 10% interest (so 120% effective rate lol). But the more relevant details aren't known. Stated as such or not, that will have to convert out.
They are cute with the other debt - notice they issue shares to their debt holders as 'compensation' when really is it just really high interest and the equivalent of death spiral debt - but they need to confuse the masses. The obvious giveaway is shares to Ira Gaines. Anyone who has spent anytime in the microcap space knows that name and knows he is not working for LVVV - he is a lender. Period.
Interest expense in one quarter was $320K on about 1.3 million in debt - so an effective interest rate of 100%.
Revenue of $47K which is made up of.... who the hell knows as they didn't disclose. (they say revenue went up due to new nursery in one sentence and then say it went up due to distribution in another). What we do know is they show $30K of AR which means of this whopping $47K in revenue, they didn't even collect all of it. The nature of their products is not suggestive of giving credit terms so that should be interesting.
They announced taking ownership of two pods in Q1 yet no recording of them (interestingly when they announced the plans to buy them in Q2 2018 from Greenpro, they issued shares to Greenpro's owners and the revenue appears to never have made it to Greenpro itself - inside job it appears - isn't that sweet).
They accelerated the acquisition of them (lie they were bought last year) but didn't pay or accrue for them in the financials (see lie). The acceleration was due to not being able to keep up with demand, but somehow their pod of 16,000 plants a month generated jack shite during this time.
The financial statements are not compliant - they reference accounting standards that have not existed for 18 months as all they do is cut and paste from others and prior years. No sign of proofreading anything - word of the day on pg 15 "dsitrubiotn"
Why should we care about quality? Nothing to do with the financials themselves, but the story that has been sold (and parroted here) is they are 'doing it the right way'. A poster is 'confident' they will get the uplist. Yet the only external evidence we have of this company shows:
1) Horrific filings
2) Late filings
3) Sales website either is dysfunctional (best case scenario) or broken as they haven't paid their bill (this past week).
4) They do sneaky angle shots bragging about pre orders but when the rubber hits the road it is fake bull crap as it has been with these guys for a decade.
5) Who do they associate with? Torgerud is still lending them money - does it get lower than that? I outlined the accountants in a previous post. Ira Gaines mentioned above. The Greenpro screw. Rainer Poertman. The debt shenanigans... naming world reknown experts that are everything but. We could go on forever.
Why do I care so much? (a) I don't really care, but the microcap space is a passion of mine; (b) my career involves interacting with 100s of these type companies and I get to see this stuff but never have seen a platform (ala tigerdroppings) to discuss it. You guys wouldn't believe how much craziness happens with these things.
LVVV is a freaking case study on it. All the tricks and gimmicks with a huge huge cheerleading following based on hopes, dreams and lack of reality. All the signs are there; all the facts are there. Anyone who has real experience in this field can see it. It is a lot of fun to watch.
Off to Europe tomorrow - have fun gents and I hope I am proven wrong while gone.
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