re: Let’s talk weed stocks in this thread

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So are we looking at buyers trying to accumulate at a low price ahead of a run up?

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Revenues are right around the corner with the pod full in Coachella. As is the uplist. Severals things in sight that will cause this to climb.

Definitely not this:

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Or are we looking at insiders trying to sell a lot of shares without spooking the market, causing a big drop?

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Don’t want to backtrack several pages. What has created your unbridled optimism in LVVV?

Also, if HR 420 passes, big tobacco should pounce. Which companies are they already in cahoots with for supply? Is Aurora one?

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Which companies are they already in cahoots with for supply?

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Altria (NYSE:MO) announced it would take a $1.8 billion equity stake in CRON.

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What has created your unbridled optimism in LVVV?

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The previous pages will detail positive news for LVVV and expectation for other positive news in the weeks/months ahead.

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HR 420

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420

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Hilarious!

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likely to be no up listing for LVVV to OTCQB as long as the government is shut down

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From the SEC website: "Regardless of our operating status, EDGAR will accept registration statements, offering statements and other filings; however, as discussed below, during a shutdown we will not be able to declare registration statements effective nor qualify Form 1-A offering statements."

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Surprised, but also glad that there’s more time to accumulate shares.

It makes no sense to be selling at these prices with everything we have lined up. We ran to .06 just on news of the distribution license. Yet now we have a state cultivation license and a pod full of clones, and revenue will be coming very soon, probably within the next few weeks - yet we’re falling back to mid-2s? Zero logic there. But that’s penny land for you. Anyone who has followed closely the past few months has to be excited for what lies ahead in the very near future.

I’d much rather be surprised than worried, though. If there were actually some bad news that led to a decline, then I’d be worried. But the future looks brighter than ever. If we’re still at this price by the end of Q2, then I’ll be worried.

I'm no expert, but does share dilution play a part? Is anyone being paid in shares and they're cashing in?

Could LVVV's history/reputation as a pump and dump penny stock back when all they did was energy chews be hurting them now? There's some nasty things on the internet back in 2011/2013 about it. Maybe the chew business left a bad taste in investors mouths.

I'm still a believer that they can turn it around, but I can see why investors would be skeptical. It's healthy and warranted imo.

Revenues need to happen and uplisting needs to happen.

Slang Worldwide

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Cannabis Brand Company SLANG to Debut on CSE

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Another cannabis company is entering the Canadian Stock Exchange as it seeks to expand into public markets. SLANG Worldwide Inc (also known as Fire Cannabis Inc) announced that the company completed a previously announced offering of subscription receipts, with gross proceeds of the fundraiser coming to $66 million. With this completed, alongside having met Escrow release conditions, the company has obtained conditional approval to be listed on the CSE.
“These transactions establish SLANG as a leading consumer packaged goods company in the cannabis industry. We’re on the frontier of one of the greatest opportunities in the history of consumer-packaged goods,” said CEO and Co-Founder Peter Miller.

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Seems like one to watch

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I'm no expert, but does share dilution play a part? Is anyone being paid in shares and they're cashing in?

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That may very well be playing a part lately. There has been some dilution, but I don't see it as anything unreasonable. My understanding is that they had a toxic debt problem when they were an energy chew company, and that's not an issue this time around. But their acquisitions of Alpha Creations, Sacred Biology, and Mojave Jane (while we had them), in addition to signing Jimmy Connors as a spokesman/advisor, were all primarily stock deals to my knowledge, but I see those as beneficial moves for the company. There are smaller players that have been paid in stock as well (my kid included), and some of those people may be cashing out for a quick buck instead of holding long. At some point all those restricted shares become unrestricted.

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Could LVVV's history/reputation as a pump and dump penny stock back when all they did was energy chews be hurting them now?

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It certainly could - that's why the uplisting will be huge for us as far as legitimacy is concerned. But also keep in mind that trading volume was in the tens of millions of shares/day during the peaks. So the investors have been there before and will be again. I think with the whole market down for a while now, and so many cannabis companies to choose from, news and hype alone aren't going to move us anymore - it will apparently take revenue, which isn't far away now.

I've read plenty complaints about Bill (CEO) from the energy chew days over on investors hub, but each time I ask for specific complaints and what exactly Bill did to upset them, I never get any answers. The energy chews failed as a product, so likewise the stock tanked. But I was a big fan of the product. It was literally the only energy boosting product I've tried that actually worked, and I've tried plenty (Red Bull, Monster, 5-hour energy, etc.). The product was available at my local GNC, and they even had an endorsement deal with Randy Moss with his picture on the box. It just didn't sell.

I can understand that stockholders back then were upset with the failure, but I still can't find out what Bill did (or didn't do) that upset people. I know there were "pump and dump" things going on, but I don't see where Bill was directly responsible for that. I keep asking, but no one responds. I'd love to know more about what went on back then.

Livewire is definitely not a cash-rich business right now like, for example, High Hampton. But I think they've reached that critical point now where they are too close to major success to fail.

Another note on dilution...

Those of you following on investors hub may have noticed one poster over there who keeps sscreaming about VNDM and dilution. This is regarding “dilution” not in the sense of new shares created or new shares becoming unrestricted and hitting the market, but “dilution” meaning Market Makers selling large volumes of shares at a set price to keep the price from going up.

Here’s an explanation of dilution from an Upper Divion Investing article:

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Dilution hinders a stock from running and and can push the price down as well. Dilution is most noticeable when a market maker shows a certain amount of shares at a specific price, but sells much more than the amount shown (soaking up size). For example, VFIN may be showing 10,000 shares for sale but actually selling hundreds of thousands. When I see a market maker who is infamous for dilution on a level 2 screen, it is a red flag. Frequent dilutors include but are not limited to VFIN, VNDM, PERT, and VERT. I view dilution on a level 2 screen the same way I view a resistance level on a chart; price levels that will be hard to break.

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I don’t have Level 2 access, but apparently that poster does and says VNDM, a known dilutor, is all over this. Just looking at the regular daily trade chart, this seems obvious on many days.