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igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

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

The entire share structure, list of all major shareholders and how many shares they hold, etc. has been released through audited filings that were submitted for uplisting to OTCQB.


The last audit was 12/31/17 per OTC filing records and at that point there were about 580 million shares outstanding. As of 9/30/18 they were reporting almost a billion. Shareholding listings etc are not part of the audit (auditor audits financial statements and not annual report per se). Note eventhough they submitted that months ago, they still are on pinks.


quote:

They were all posted/linked on Ihub.



Don't need to go to Ihub - go to the source:

LINK

quote:

I don't get what you are trying to say regarding a target price. The price is the price. On a daily basis it is being bought and sold at a share price. That price rises and falls.


Of course, but from a fundamentals point of view, the stock price is the derivative of the presumed value of the company divided common shares outstanding. If a company is worth a $1 billion based off fundamentals, the value per share differs greatly depending on whether there is a million shares outstanding or a billion. That this my point. If we think the share price will be $X because of $Y future revenue, X will be driven by # shares outstanding.

quote:

I don't know how you don't know how anyone can have a target price. If it's .02 and their target price is .03 and it hits that tomorrow (aka their target price), they sell for that price



You cannot realistically have a target price based off revenue or earnings without knowing share count. Otherwise a 10,000:1 stock split wouldn't change the price? Cmon.


igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

re: Let’s talk weed stocks in this thread
This is sidetracking the thread so I will stop after this:

quote:

You're looking at unaudited filings. Audited ones have been released.


Incorrect, they issued audited 12/31/17 financials and then 3 qs unaudited. I have looked at and linked both. They have NOT in any shape or form issued any audited financial statements after the 11/6/18 filing of the audited 12/31/17 financials. Everything else (the Qs) has been unaudited.

quote:

They had everything audited because they had to be in full SEC compliance in order to apply for the uplist to OTCQB


OTCQB requires 2 years of audited financial statements and allows reviewed stubs thereafter to the next year end. LVVV met that through the 11/6/18 filing where they presented audited 12/31/17 and 12/31/16. Since then, only releases have been unaudited Qs.

quote:

Anaheim, CA, April 05, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV) announced today that it has retained AMC Auditing of Las Vegas, Nevada


LOL Interesting thing here. As you can see in the 11/6/18 annual report AMC was not their auditor. Wonder why they walked? The audits were done by BF Borger who has no relation with AMC or the legacy firm of AMC (Seale and Beers).

quote:

LiveWire Ergogenics’s auditors have audited and approved the Company’s financial reports for the last two years and the Company has filed these audited reports on OTC and at the same time submitted its application for uplisting to the OTCQB.



Yes, as I said 11/6/18 filing with the audits of 12/31/17 and 12/31/16. I put the link in previous filings. Different auditor as the first did not issue. Everything since has been unaudited.



BitBuster
LSU Fan
Lafayette
Member since Dec 2017
740 posts

re: Let’s talk weed stocks in this thread
Igoringa, are you buying any LVVV? The way you frame it, it seems like there are too many red flags to hold long term.


igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

re: Let’s talk weed stocks in this thread
Nothing in that press release suggests they extinguished the toxic debt. 'Solidifying' doesn't mean jack. Further, if they did their efforts in 2017 to 'solidify' their debt, why in their audited financial statements for the years ended December 31, 2016 and 2017 does convertible debt only modestly change and there is no extinguishment of debt gain or loss recognized in the P&L (which effectively would be mandatory if they removed variable rate debt)?

Further, their note disclosures still say they are bifurcating the embedded conversion option of the debt and recorded it as a derivative liability which means it must still be variable. Simply put dude, you are being completely snowed if you believe they no longer have that toxic debt.

The funny thing is we would not have to argue this point if their audited financial statements remotely complied with GAAP standards and accordingly disclosed the conversion teams.

But they don't. They burned few a few auditors and still came out with that end product that contradicts any arguments made.


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igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

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

Igoringa, are you buying any LVVV? The way you frame it, it seems like there are too many red flags to hold long term.


No, I don't buy pump and dumps. LVVV has had paid promotions (pumps) off and on since late 2012 and it has continued through this year (although gosh darn management has no idea who would be doing it.... lol). Potentially billions of shares floating which makes the standard microcap reverse stock split inevitable.


That being said, as a momentum play - I can completely see why people would invest. They will pump the revenue story big time (ala Pot Network to use the example previously given by Tigerdad). So playing the pump - sure. Long term - I don't see it.



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TigrrrDad
Member since Oct 2016
3852 posts

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

You cannot realistically have a target price based off revenue or earnings without knowing share count. Otherwise a 10,000:1 stock split wouldn't change the price? Cmon


I’ll take my chances on that not happening.

quote:

You cannot realistically have a target price based off revenue or earnings without knowing share count. Otherwise a 10,000:1 stock split wouldn't change the price? Cmon


We do know the shares outstanding, and we know the amount authorized. So we know it can change. But until it does, it’s just presumption. The target price is the target price. If the share count changes, that makes the target price harder to obtain, but it’s still the target price for someone.
This post was edited on 2/8 at 1:25 pm


Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
28128 posts

re: Let’s talk weed stocks in this thread
This thread is getting good
This post was edited on 2/8 at 12:44 pm


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20
questionable
LSU Fan
FL
Member since Apr 2008
302 posts

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

I hope you guys rock it


Yeah oookkkk. You sound like a “told ya so” baw. Seems like you have a lot of time to research a company you think is so shitty. No job baw? LVVV
This post was edited on 2/8 at 12:51 pm


Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
28128 posts

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

questionable



quote:



(No message)





Does not compute


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Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
28128 posts

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

Seems like you have a lot of time to research a company you think is so shitty


Is it not possible that he came to this conclusion after doing his homework?

He’s brought up a lot of points that are either ignored or not known to a lot of folks here
This post was edited on 2/8 at 12:57 pm


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10
castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57027 posts

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

Seems like you have a lot of time to research a company you think is so shitty. No job baw? LVVV
or maybe he saw it pisetd here and it piqued his interest and decided to research it? He's posted some solid information, along with his own opinion. No need to knock on that.











Or maybe he's wanting the price to stay down so he can accumulate.


igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

re: Let’s talk weed stocks in this thread
Lol. Wishing you guys luck is I told you so?

Knowing SEC, OTCQB, GAAP rules is a sign of no job?

What is being a lemming a sign of out of curiosity?

You have never researched a company and concluded it was not worthy of investment? Or should I just ask “you have never researched a Company?”

Sorry dude, it is amazing but true - you can analyze a company and come to a conclusion other than buy.



Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
28128 posts

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

What is being a lemming a sign of out of curiosity?




:giggle:


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TigrrrDad
Member since Oct 2016
3852 posts

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

Note eventhough they submitted that months ago, they still are on pinks.


Application was submitted around 3 months ago, but keep in mind that the government was shut down for over a month. Also, the release of various documents over a month after that submission indicated the probability that additional information was required after the application was initially reviewed (and then the shutdown occurred). There are valid reasons for the delay.
This post was edited on 2/8 at 1:02 pm


TigrrrDad
Member since Oct 2016
3852 posts

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

He's posted some solid information, along with his own opinion. No need to knock on that.


You are correct - nothing wrong with his questioning.

quote:

igoringa: Sorry dude, it is amazing but true - you can analyze a company and come to a conclusion other than buy.


Even more correct. Everyone is entitled to make their own buying decisions based on what information they feel is accurate.

ETA: I posted some of igoringa's concerns on Ihub to get their take on it as well. Plenty of those guys have been invested since the early days over there.
This post was edited on 2/8 at 1:07 pm


TigrrrDad
Member since Oct 2016
3852 posts

re: Let’s talk weed stocks in this thread
I'm also well aware that large numbers of restricted shares will eventually hit the market - my son's included. That has not altered my investment in LVVV.


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10
igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

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

Application was submitted around 3 months ago, but keep in mind that the government was shut down for over a month.


? What does that have to do with anything? The OTCQB is run by the OTC Market Group which is a public company. Per the OTCQB website, they added companies virtually every day during the shut down as the shut down was irrelevant.

You may be confusing the old OTCBB that was run by Finra.

So maybe there are 'valid' reasons, but this ain't one of them.


questionable
LSU Fan
FL
Member since Apr 2008
302 posts

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

igoringa


So you’re telling us this company with no revs traded on the pinks is a risky play? I’m SHOCKED

Who’s your lock from the pinks for this year? We’re waiting.....

LVVV


BitBuster
LSU Fan
Lafayette
Member since Dec 2017
740 posts

re: Let’s talk weed stocks in this thread
Igoringa, here's the question... do you think LVVV has done enough right to get uplisted? I know the numbers are a complete mess, but did they do enough?

I appreciate the discussion.


igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

re: Let’s talk weed stocks in this thread
Don't worry questionable, someone will tell you what to do next soon.... don't worry your pretty little head on it.



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