re: Let’s talk weed stocks in this thread

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I think if you can avoid the landmines (i.e. fraud and stock price manipulation), you can make outsized returns over the long run.

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Yea, well we are learning, half of the people in this thread stepped clearly on the center of the nxttf landmine.

I said frick it, and finally just cut off my mangled leg last week and life has been much better.

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Honest question - Are you guys looking at the financials filed with the SEC on these companies or going by the story and and trusting your gut?

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That's one reason the uplisting to OTCQB will be huge for Livewire - it requires a much greater level of transparency.

Financials aren't much help because most of these cannabis companies are penny stocks because they are essentially start-ups. Many are a long way from bringing in any real revenue, but we've seen cannabis companies hit over a billion market cap on pure speculation with no revenues.

For Livewire, I originally learned about it from my son's stock deal through sponsorship when they were an energy chew company. Then they made the transition to cannabis. So someone I knew who was in charge of the deal had direct contact with the CEO of the company. I took notice when the CEO told our contact when handing over the stock certificates that we'd all be future millionaires. The main due diligence I've done is just reading every single post for the past 6 months on the LVVV investor hub message board. So I've followed every PR, every twitter update, and a few guys on that message board email the CEO regularly and give updates on what is happening. So I've watched the things that were expected to happen 6 months ago come to fruition over time. It also helps that Jimmy Connors came onboard, and I can't help but think someone of his financial stature would do his own due diligence before attaching his name to the company. I'm just confident that Livewire has a very solid business plan and everything is falling into place like it should.

Their distribution license in itself is enough to establish a viable business.

Their 7x Pure blockchain tracking system (that Coachella is using) is enough to establish a viable business.

Their clone nursery in Paso Robles (once the permits/licenses are finalized) is enough to establish a viable business.

Their products (through their Sacred Biology and Alpha Creations acquisitions) are enough to establish a viable business.

So it's not like all their eggs are in one basket. Put all of these together and you have the potential for a blockbuster business. Even if a couple of those avenues fail miserably, they still have enough for a very solid company.

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That board is cringe worthy by the way

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It can be, but if you sort through all the bs there is some very valuable information that is posted. Most of the posts are either sunshine pumping or continuous whining. But you can follow the posts of just 2 or 3 posters there and weed out all the rest (no pun intended). One of the guys has a contact in the SLO planning commission office and posts regular updates on where that is headed. All of the licensing updates have been posted there, as well as copies of emails from correspondence with the CEO.

Not that I know of.

Yep. Farm bill big boost

Also sounds like upliat for LVVV is coming quickly.

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also:

HEMP
MJNA
CBIS

all looked great today

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I sold my position in these names almost 6 years ago. Can’t believe they still getting people to believe it’s right around the corner.
I knew they were pump and dumps, I just wanted to be in early and out early.

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I knew they were pump and dumps, I just wanted to be in early and out early.

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and they still are

they all are

but that doesn't matter when you trade otc

You only lose money if you sell.

LVVV isn’t a short term play. They won’t start cranking out any real revenue until the clone operation is up and running, and those permits won’t happen until January. Look for the summer of 2019 to be when it really takes off. These dips are just buying opportunities. I bought 25,000 more shares on Wednesday.

Everything that was anticipated months ago is happening in regards to the distribution license, uplisting,, the Paso Robles permit, etc. A little patience will pay off big here.

Here’s a copy of an email from CEO Bill Hodson:

“Once we are granted our Minor Use Permit in SLO, we can start to build-out the facility with the approval of Code Enforcement. We have blueprints for the facility and the architect is from SLO, so we are confident of their ability to design based on local building codes. And immediately after receiving the approval from SLO we apply at the state, but we will begin buildout during the state approval process”

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LVVV getting hammered. A number of folks losing some cash on this investment...

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If only this was unique to LVVV
If you bought LVVV with selling it around now in mind, you didn't read any posts in this thread.

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I know I'll at the very worst get my money back but it hurts seeing some of that red.

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How do you know this?