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re: Let’s talk weed stocks in this thread
Posted on 12/7/18 at 3:15 pm to Pendulum
Posted on 12/7/18 at 3:15 pm to Pendulum
quote:
Think about it like this: Marijuana is an industry that is about to completely explode. Think "90's internet" type of explosion. There's a million different ways to make money in this, as a company. Grow hemp for paper and clothes, grow hemp for CBD oil, make medicinal products, make recreational products, invent new strains, invent new delivery methods, gummies, vapes, etc. Company A makes the best vapes, company B has the best way to buy online, company C grows the best plants...... Just like the 90's internet, lots of companies are gonna have good ideas and fail to execute. Companies will start out with nothing and become a giant. Other players will unsuccessfully enter the market while others do well. So, right now you have a lot of guys forming companies using the 1990's playbook. They're making IPOs, will pocket the money, and move on to the next company. You also have guys buying these stocks using the crypto currency pump and dump style schemes. go over to /weedstocks on reddit and it's nothign but guys pumping various stocks. In 10-15 years, it'll be fleshed out. If you're lucky, one of the stocks you buy today will end up being the next RJ Reynolds or InBev of Weed. Right now, it's a crapshoot.
Well said. I don't know if it will explode like the dot com bubble, but agree that is ripe for outsized growth. So, I think if you can avoid the landmines (i.e. fraud and stock price manipulation), you can make outsized returns over the long run.
1
Posted on 12/7/18 at 3:17 pm to raw dog
quote:
I think if you can avoid the landmines (i.e. fraud and stock price manipulation), you can make outsized returns over the long run.
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.
Posted on 12/7/18 at 3:28 pm to BitBuster
quote:
LVVV has to build up the brand to be worthy of being bought.
Not necessarily.
Getting a state license is a loooong process. They aren't even issuing permanent (or long term) licenses. When Livewire got their state distribution license recently, from what I read it was one of only 400 issued to that point. Their proprietary 7x Pure blockchain tracking system has real value as well. A small company can be bought out by a large company simply because buying a company with a license in hand may save them a year of waiting for their own license.
There are a lot of people and companies doing business without licenses. I think I had posted earlier in this thread about widespread arrests (over 150 companies busted) recently for operating without a license. Even getting the county permits can take 6 months or more (as we're seeing with Livewire's Paso Robles permit. But even with that country permit, they can't legally do any business or any growing without the state license in hand as well.
This post was edited on 12/7/18 at 4:06 pm
Posted on 12/7/18 at 3:41 pm to raw dog
quote:
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?
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.
This post was edited on 12/7/18 at 4:00 pm
Posted on 12/7/18 at 3:48 pm to TigrrrDad
That board is cringe worthy by the way
Granted I’m 250K shares in this
Granted I’m 250K shares in this
Posted on 12/7/18 at 3:51 pm to jimjackandjose
quote:
That board is cringe worthy by the way
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.
This post was edited on 12/7/18 at 3:56 pm
Posted on 12/9/18 at 1:08 pm to TigrrrDad
Saw where ceo just bought 40M more shares
That’s always a good sign
Is there a way to change the format on that board?
That’s always a good sign
Is there a way to change the format on that board?
Posted on 12/12/18 at 3:25 pm to The Egg
quote:
look out for farm bill passage
CBDD
also:
HEMP
MJNA
CBIS
all looked great today
This post was edited on 12/12/18 at 3:26 pm
Posted on 12/12/18 at 5:01 pm to The Egg
Yep. Farm bill big boost
Also sounds like upliat for LVVV is coming quickly.
Also sounds like upliat for LVVV is coming quickly.
Posted on 12/13/18 at 11:10 am to The Egg
quote:
also:
HEMP
MJNA
CBIS
all looked great today
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.
Posted on 12/13/18 at 1:33 pm to jimjackandjose
quote:
Also sounds like upliat for LVVV is coming quickly.
I'm hoping it won't be a "sell the news" type of thing like every other news release about a MJ stock.
Posted on 12/13/18 at 1:42 pm to Jp1LSU
quote:and they still are
I knew they were pump and dumps, I just wanted to be in early and out early.
they all are
but that doesn't matter when you trade otc
This post was edited on 12/13/18 at 1:43 pm
Posted on 12/14/18 at 12:35 pm to The Egg
LVVV getting hammered. A number of folks losing some cash on this investment...
Posted on 12/14/18 at 2:28 pm to lynxcat
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”
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”
This post was edited on 12/14/18 at 2:53 pm
Posted on 12/14/18 at 3:02 pm to TigrrrDad
Everyone is losing money on everything right now unless they cashed out the market 3 months ago
Is what it is when gambling
Is what it is when gambling
Posted on 12/14/18 at 3:05 pm to lynxcat
quote:
LVVV getting hammered. A number of folks losing some cash on this investment...
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.
Posted on 12/14/18 at 3:16 pm to TigrrrDad
quote:
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.
Every time I tell myself I am done buying, I end up buying another 10,000 or so shares.
I know I'll at the very worst get my money back but it hurts seeing some of that red. Posted on 12/14/18 at 3:41 pm to rowbear1922
quote:
I know I'll at the very worst get my money back but it hurts seeing some of that red.
How do you know this?
Posted on 12/14/18 at 3:43 pm to rowbear1922
Same here. I’ve been “done” so many times.
Original plan was to throw $500 at it. Now I’m at $10,000.
I was initially expecting another run or two simply on news like we saw when it recently ran above .06, but with the whole sector and the market in general taking such big hits, I’m not counting on that. In the end that may be a good thing because I don’t want to be tempted by small runs. I’ve come to expect that delays are going to happen and each significant event tends to happen a month or two late, but it is still on track to do everything we hoped. I’m still very confident that this thing goes over a buck within the next year. I have to get back to funding my IRAs with my available investment dollars, but if this thing dips into the 1s I’ll be gobbling up shares like a madman.
Original plan was to throw $500 at it. Now I’m at $10,000.
I was initially expecting another run or two simply on news like we saw when it recently ran above .06, but with the whole sector and the market in general taking such big hits, I’m not counting on that. In the end that may be a good thing because I don’t want to be tempted by small runs. I’ve come to expect that delays are going to happen and each significant event tends to happen a month or two late, but it is still on track to do everything we hoped. I’m still very confident that this thing goes over a buck within the next year. I have to get back to funding my IRAs with my available investment dollars, but if this thing dips into the 1s I’ll be gobbling up shares like a madman.
This post was edited on 12/14/18 at 3:45 pm
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