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re: Let’s talk weed stocks in this thread
Posted on 8/21/19 at 9:54 am to BitBuster
Posted on 8/21/19 at 9:54 am to BitBuster
quote:
Did you see the part where they mention a lawsuit dated Aug 2, 2019, then at the end of the document it was signed June 30th 2019? So it was signed as authentic in June, but modified August 2nd, just over a month later? That's not fishy at all to you? Would you accept a legal document that was edited after you signed it?
Good catch. I didn’t go that far into it, only needed to look at the numbers
Any company that goes from a 90% gross profit margin in one quarter to a -1% gross profit margin the next quarter on 800% sales increases SHOULD raise some eyebrows
This post was edited on 8/21/19 at 10:00 am
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Posted on 8/21/19 at 10:06 am to TigrrrDad
quote:
Q2 revenue = $371,876. (up from $47,306 in Q1)
And when was the last time they had any results audited where previously recorded revenue was not written down to zero? But this time it is real, they promise.
quote:
Not a bad start for a business that doesn’t exist.
You mean a business that bought a $6 million ranch... yet doesn't show any asset for a ranch. That one? You are relying on that to pump your chest? lol Let me guess, the lack of a $6 million asset is just that Bill cant count... but the revenue - take it to the bank. I bet you are stupid enough to think there is no dilution too.
quote:
Also no new shares issued in Q2 - no dilution.
Ofcourse you fail to notice a million dollar liability for stock payable on the books - you think that will be paid in unicorns and lollipops?... but congratulations on no dilution. You think stock payable doesn't mean stock your freaking genius!
quote:
Apparently it takes more than 1 quarter to get a company started - who knew?
lol Your ignorance is amazing.. it takes 5 minutes looking at the financials to realize they did not get jack shite cash in the door for this purported 'revenue'. You are so freaking gullible - it is amazing.
Posted on 8/21/19 at 10:08 am to igoringa
quote:
You mean a business that bought a $6 million ranch... yet doesn't show any asset for a ranch.
Yeah I thought that was odd as well, but I didn’t research whether another entity actually purchased it and LVVV was leasing or not
I don’t believe that to be the case based on how it was presented
But that would be a gigantic LOL from me
This post was edited on 8/21/19 at 10:10 am
Posted on 8/21/19 at 10:12 am to BitBuster
Semantics.
LVVV is now a cannabis company - and as a cannabis company, for all practical purposes, they’re a startup.
And I’ve said this before - the average investor doesn’t care about the details of the financials. For all practical purposes, when it comes to 99% of investors, revenues are all that they will see - and increasing revenues from quarter to quarter are what will eventually move the share price. The other thing that will move the share price is a moving share price. Fact.
You’re trying to apply logic to the penny stock market. Big mistake.
LVVV is now a cannabis company - and as a cannabis company, for all practical purposes, they’re a startup.
And I’ve said this before - the average investor doesn’t care about the details of the financials. For all practical purposes, when it comes to 99% of investors, revenues are all that they will see - and increasing revenues from quarter to quarter are what will eventually move the share price. The other thing that will move the share price is a moving share price. Fact.
You’re trying to apply logic to the penny stock market. Big mistake.
This post was edited on 8/21/19 at 10:14 am
Posted on 8/21/19 at 10:14 am to TigrrrDad
quote:
For all practical purposes, when it comes to 99% of investors, revenues are all that they will see - and increasing revenues from quarter to quarter are what will eventually move the share price.
Funny that they’re called “earnings calls/releases” and not “revenue calls”
Posted on 8/21/19 at 10:19 am to 13SaintTiger
In regards to the Canadian Weed Stock such as Canopy (CGC) and Aurora (ACB); is there any potential movement in the next couple of months because of lessoning of regulations? These stocks have been getting hammered over the last couple of months.
It appears the Canadian market won't be able to boost their numbers alone, so is the next big break for them in the US?
It appears the Canadian market won't be able to boost their numbers alone, so is the next big break for them in the US?
Posted on 8/21/19 at 10:19 am to TigrrrDad
quote:
You’re trying to apply logic to the penny stock market. Big mistake.
“I’m looking at the man in the mirror, I’m asking him to change his ways”
Posted on 8/21/19 at 10:22 am to TigrrrDad
I bailed on them. I have a few friends who are doing the same business and the answers they gave to my questions do not correspond to any of the statements provided by lvvv.
Combine that with their inability to fill out paperwork properly to get uplisted and inability to list their new ranch assets, it doesn’t add up.
A conversation with my friend has potentially given me a side business, which should startup in a month or so. If this thing works out - I’ll be in CA to sell equipment later this year. I have friends in SLO area I will visit and will try to call on lvvv.
Combine that with their inability to fill out paperwork properly to get uplisted and inability to list their new ranch assets, it doesn’t add up.
A conversation with my friend has potentially given me a side business, which should startup in a month or so. If this thing works out - I’ll be in CA to sell equipment later this year. I have friends in SLO area I will visit and will try to call on lvvv.
Posted on 8/21/19 at 10:26 am to eng08
Did you know that more than 1/2% of all outstanding LVVV shareholders are people who have posted ITT?
This post was edited on 8/21/19 at 10:30 am
Posted on 8/21/19 at 10:30 am to TigrrrDad
quote:
And I’ve said this before - the average investor doesn’t care about the details of the financials. For all practical purposes, when it comes to 99% of investors, revenues are all that they will see
And the revenue they showed in Q1 2016 was reversed under audit
And the revenue they showed in Q2 2016 was reversed under audit
And the revenue they showed in Q3 2016 was reversed under audit
And the revenue they showed in Q4 2016 was reversed under audit
And the revenue they showed in Q1 2017 was reversed under audit
And the revenue they showed in Q2 2017 was reversed under audit
And the revenue they showed in Q3 2017 was reversed under audit
Then.... they stopped getting audited.
But this time people - this time the revenue is legitimate and real! Believe it... just don't believe the financials it is in
Posted on 8/21/19 at 10:33 am to igoringa
quote:
Believe it... just don't believe the financials it is in
Also don’t believe in the guy who started the company, runs the company, makes all decisions involving the company, made the business plan for the company, has made all changes to said business plans for the company, and who still does all of these things
But believe in the company
Posted on 8/21/19 at 10:35 am to TigrrrDad
No logical replies to anything posed to you?
Posted on 8/21/19 at 10:35 am to Thib-a-doe Tiger
Posted on 8/21/19 at 10:43 am to TigrrrDad
Guess not. The hook you swallowed could probably catch the fish behind you now
Posted on 8/21/19 at 10:49 am to TigrrrDad
From IH
Oh boy, wait til they keep going, it gets better
I can’t wait to follow that rabbit hole on there
quote:
Did I see a cash balance of $12K?
Oh boy, wait til they keep going, it gets better
I can’t wait to follow that rabbit hole on there
Posted on 8/21/19 at 10:54 am to Thib-a-doe Tiger
quote:
Oh boy, wait til they keep going, it gets better
Don't worry, they have the same 'extensive' experience and analysis abilities of our neighborhood mensa…. ole thumpa will go over there and straighten them out!
And Bit... remember these last few posts when you talk about 'bullying'. I know it is not polite to make fun of the retarded... but sometimes it is deserved.
Posted on 8/21/19 at 11:02 am to igoringa
quote:
I know it is not polite to make fun of the retarded... but sometimes it is deserved.
A little harsh. I think gullible is more accurate
Posted on 8/21/19 at 11:05 am to Thib-a-doe Tiger
quote:
A little harsh. I think gullible is more accurate
Six months ago he was gullible.... now he is not gullible.
Posted on 8/21/19 at 11:06 am to igoringa
quote:
And Bit... remember these last few posts when you talk about 'bullying'. I know it is not polite to make fun of the retarded... but sometimes it is deserved.
It's like fighting with a drunk where none of his punches are landing and he thinks he's winning.
Sure, you can teach him a lesson, but sometimes the best thing is to just walk away.
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