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oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28091 posts

re: Let’s talk weed stocks in this thread
quote:

If I started a LVVV Thunderdome thread would you guys (TDad, Thib and Ing) move the argument there


this is why the admins frown on penny stock threads. most people lose money, there are lots of people spreading bad info and arguing their side on purpose, and the reality is tdad sounds reasonable however the longer we do the more scamtastic he becomes. from dinners with CEO, to belief and then the get ready for a ride argument. this thread reads like a giant scam by someone who needed liquidity to move out of a position. and while tdad says hes only traded one micro cap that doubled or tripled. reality is he lost everything and pit 15k in a stock with no liquidity and needs people buying to salvage his loss or fuel his pump. I'm not clear which yet


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20
ScaryClown
Member since Nov 2016
5707 posts

re: Let’s talk weed stocks in this thread
Why did it go up 26% today? Still down 40%


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
11578 posts

re: Let’s talk weed stocks in this thread
Fake Q2 results. Lots of questions, false accounting and straight lies. I still need it to near double it’s current price just to break even.


Thecoz
Member since Dec 2018
183 posts

re: Let’s talk weed stocks in this thread
Goodness some of you are nasty little grunts
I have watched this thread from the beginning for the entertainment value and y’all have not disappointed
But if you play pink and do not consider it gambling and use money that you are not willing to say good by to then you should reconsider

If your playing in the market and a hundred dollar loss or gain means something to you go get a paper route
Yikes guys take the advice and comments from others and do what you want and ignore what you do not like
But come on the nastiness is really uncalled for

This should get me some more entertainment from the response


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
11578 posts

re: Let’s talk weed stocks in this thread
quote:

Goodness some of you are nasty little grunts
I have watched this thread from the beginning for the entertainment value and y’all have not disappointed
But if you play pink and do not consider it gambling and use money that you are not willing to say good by to then you should reconsider

If your playing in the market and a hundred dollar loss or gain means something to you go get a paper route
Yikes guys take the advice and comments from others and do what you want and ignore what you do not like
But come on the nastiness is really uncalled for

This should get me some more entertainment from the response



I don't believe anyone (besdies maybe GVT) used anything but play money. Still doesn't mean anyone likes watching it disappear.

Most of the nastiness has stemmed from Tigerrdad being butt hurt that someone else started calling this stock for what it is and not some pie in the sky dream.


jimjackandjose
Member since Jun 2011
3943 posts

re: Let’s talk weed stocks in this thread
Sold the rest of mine today

Itll be back sub penny soon


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00
igoringa
LSU Fan
Tejas
Member since Jun 2007
11012 posts

re: Let’s talk weed stocks in this thread
quote:

Goodness some of you are nasty little grunts


I have been called worst.

quote:

I have watched this thread from the beginning for the entertainment value and y’all have not disappointed


For any part I had... glad you enjoyed

quote:


But if you play pink and do not consider it gambling and use money that you are not willing to say good by to then you should reconsider


Exactly, which is why after 50 plus pages of watching someone pump it like it was a slam dunk multi billion enterprise in the making based almost solely off parroting CEO talking points, and the number of fellow posters who were buying in based off that (and yes buyer beware), I felt it reasonable to point out the obvious.

quote:

But come on the nastiness is really uncalled for


I will be the first to admit I ended up doing my part to the race to the bottom... and it was a direct reaction to tone of response from the Dad led echo chamber when I pointed out the obvious. Doesn't excuse it, but that is how we got to where we are.

quote:

This should get me some more entertainment from the response


You will be disappointed.


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
11578 posts

re: Let’s talk weed stocks in this thread
quote:

You will be disappointed.


Probably not the first time he heard that.


Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
30888 posts

re: Let’s talk weed stocks in this thread
Anyone who cares to go read it, Thumpa has become the IH LVVV voice of reason


And the reason COGS was higher than revenue was due to licenses. Let’s get this out of the way first, nobody includes licenses in COGS, so the financials are fricked from the get go

Second, nowhere does it say how much those license fees are. But we can assume that they made up over 90% of COGS in Q2, whereas there was a 90% gross profit margin in Q1.

Seems hard to sustain a business with a GROSS profit % of 10% unless there are one time charges for COGS
This post was edited on 8/26 at 10:27 am


igoringa
LSU Fan
Tejas
Member since Jun 2007
11012 posts

re: Let’s talk weed stocks in this thread
Thib,

Don't even try to make sense of it. They have a $6 million ranch, not on the books.

They built a super amazing proprietary 7X process, are in the midst of transforming it to be run off 'blockchain', but have never had a penny of R&D.

They are actively building out Paso Robles, but had no PP&E additions.

They have multiple investments in multiple companies including having until recently 14 billion shares in APRU... but never on the books.

It goes on and on and on and always has... it is a scam. They will explain away that all these purported assets and such are just not accounted for correctly but who cares... but show any revenue - Bam golden!

Dollars to donuts - that 'revenue' is just an income statement gross up or Intercompany. Remember, this guy put out a q once showing $15K of rental income received from a 100% sub... don't put it past him.

You asked earlier about ownership of Estrella Ranch Partners... wont be able to find it. Can find out manager (Hodson), but Cali does not require disclosure of LLC ownership.

The morbid curiosity in me is the recognition of the NCI... no clue where that came from unless it is ERP and they lied about it being a wholly owned sub, but either way no ranch on the books. There are deeds of trust to a friendly lender for $4.8 million loan and to the seller (so probably some seller financing).. but who knows.

And before anyone tells me I have too much time on my hands.... 1) Yes, yes I do. 2) It is August and football hasn't started. 3) This is basically what I do for a living... been in and around microcaps for 20 plus years. No I don't invest in them, but am involved in the industry.

Now granted, I never lost everything on a stock play so I may not be an expert in some eyes....


questionable
LSU Fan
FL
Member since Apr 2008
311 posts

re: Let’s talk weed stocks in this thread


igoringa
LSU Fan
Tejas
Member since Jun 2007
11012 posts

re: Let’s talk weed stocks in this thread
My man! I have been meaning to recognize you. You were dead on in this thread earlier:

quote:

Will try to pick up another 10-20k shares in the AM, hoping to get some of the last .03s we’ll ever see! ...


You were 100% correct... that was the last of the .03s this thing ever will see.

Good job.


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
11578 posts

re: Let’s talk weed stocks in this thread
quote:

quote:

Will try to pick up another 10-20k shares in the AM, hoping to get some of the last .03s we’ll ever see! ...



quote:

ou were 100% correct... that was the last of the .03s this thing ever will see.


If he liked it in the $0.03s, I have about 250k shares he can have at $0.029 per. WHAT A DEAL!


BitBuster
LSU Fan
Lafayette
Member since Dec 2017
818 posts

re: Let’s talk weed stocks in this thread
So, I've learned a lot from my experience with LVVV.
I first bought in in October 4th 2018 at .039, then in again at .057 11 days later. It looked like it was headed for the moon and I had dreams of $1/share.

Seeing all the trades since then, never selling, in a desperate attempt to average down, it's taught me a lot about myself and I'm a wiser person.

What I'm not wiser about is why the share price keeps going down. Someone has to be constantly selling at a loss right? The stock has not been above my average price paid except for a grand total of 3 or 4 days the entire year.

Could someone explain to me how the stock is always trending down? Someone always has to be selling for a loss right? I'm operating under the assumption that there's a price that shareholders aren't willing to sell it for, that there should be a floor for the stock. But there always seems to be a lower low. How this hasn't been sub penny yet is amazing to me, but it's always trending down.

Can someone explain it to me how a stock can just always naturally go down?

Edit: An analogy that I would use for my strategy has been.. if you play roulette, and keep betting on black, and keep upping your bet every time, then eventually you'll win and get your money back. For stocks, I had naively assumed that it would fluctuate upward at some point and I could recoup sooner if the average price I paid was lower.
This post was edited on 8/27 at 4:48 pm


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28091 posts

re: Let’s talk weed stocks in this thread
the low volume is the killer. youd have to check out the order book to really know but basically if no one wants a stock at current price it drops as well because there is best interest in trading happening in the market.


igoringa
LSU Fan
Tejas
Member since Jun 2007
11012 posts

re: Let’s talk weed stocks in this thread
quote:

the low volume is the killer. youd have to check out the order book to really know but basically if no one wants a stock at current price it drops as well because there is best interest in trading happening in the market


Since the 10/4/18 position, approximately 268 million shares have traded. Total share count is 1.1 billion. Total unrestricted is 700 million. Total float - 531 million. That excludes the 100 million they have promised as a payable.

From 9/30/18 to now, when you factor in the payable, the number of shares outstanding went up over 200 million... pretty much the same amount as all the trade action over that time.

Point being, oklahogjr is completely right... the trade volume on this thing is miniscule.

Remember at the end of the day, the price is driven by hope of future earnings. The higher expected earnings the more one is willing to pay for a share of it. If you start to believe the future earnings are going to be nothing - how much would you pay for a piece of nothing?

Now yes, some people are stubborn and would rather use the shares as toilet paper then sell at .0001 or the likes, but they are in the minority.



rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
11578 posts

re: Let’s talk weed stocks in this thread
Someone spent BIGGG money on LVVV for the first trade of the day.

A whopping $9.94 was spent buying 700 shares.


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28091 posts

re: Let’s talk weed stocks in this thread
quote:

A whopping $9.94 was spent buying 700 shares.


how the frick does someone even justify spending that given they probably paid half that in fees at a flat rate for penny stocks? that makes more sense if this was tradeable on robinhood.


Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
30888 posts

re: Let’s talk weed stocks in this thread
quote:

how the frick does someone even justify spending that given they probably paid half that in fees at a flat rate for penny stocks? that makes more sense if this was tradeable on robinhood.





You have to remember, we’re dealing with a group that has the ability to avoid any rational negative thought


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10
BitBuster
LSU Fan
Lafayette
Member since Dec 2017
818 posts

re: Let’s talk weed stocks in this thread
igoringa;

Couple of questions to help me understand better:

1. Is having 50% of all shares in float normal? and

2. Is this why the SP keeps dipping down? LVVV selling these float shares for $$ at any price?

So, what do you think is next in the playbook? Ride the share price all the way down, selling all the way? Is there enough volume to even make this a viable tactic?

Personally, I think they have abandoned the idea of seeking an up-list. I believe Bill has realized how incompetent he is at financials, or he is unwilling to view the reality of his books. Having an audit by some guy who knows what he is doing, and telling you you're lying or not doing business doesn't fit in with the game.


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