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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, 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.


Yes. But the bar for the OTCQB is a joke. Audited financials and a minimum bid of $0.01 are the primary considerations. It should be a rubber stamp. It is a pretty small list of issuers that don't make that when they try.


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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:

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



Admitting to pink sheets being crap shoot

100% certain on LVVV

Nice


TigrrrDad
Member since Oct 2016
3852 posts

re: Let’s talk weed stocks in this thread
I don’t think anyone here is 100% certain on LVVV.

The play here is not to find a nice humongous existing weed company that may bring you 25 or 50 or even 200% returns. It’s to try to find an extremely cheap start up with the potential for 1,000% gains or more (which LVVV already delivered on for people who got in a few years ago). It’s to try to find that next company that will skyrocket from pennies to a dollar or more. And LVVV has the right price and business model to have a shot at it. And they are doing it properly with full licensing. Of course it is risky and a long shot - but if it weren’t it wouldn’t be available at a couple pennies.

And if it isn’t the winning lottery ticket, with smart trading you have little risk of losses. If you bought yesterday, you could have sold today at around 25% gains. And that happens quite frequently with this stock.

So what I’m really trying to say is that it’s only like 98% for most of us - not 100%.
This post was edited on 2/8 at 2:34 pm


Brobocop
LSU Fan
Baton Rouge, LA
Member since Feb 2018
446 posts

re: Let’s talk weed stocks in this thread
It's been fun to lurk and follow this thread for sure. Outside looking in, Igoringa has seem to offer a lot of reallyyyy solid points on why it could be standard pump n dump despite your confidence to the contrary. Because I know nothing about penny stocks and very little about trading in general Igoringa mentioned a "reverse stock split". When does that normally happen on pump n dumps. Once the debt has gotten too far out of control??


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10650 posts

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

It's been fun to lurk and follow this thread for sure. Outside looking in, Igoringa has seem to offer a lot of reallyyyy solid points on why it could be standard pump n dump despite your confidence to the contrary. Because I know nothing about penny stocks and very little about trading in general Igoringa mentioned a "reverse stock split". When does that normally happen on pump n dumps. Once the debt has gotten too far out of control??


Reverse split just means they want to lessen the total number of outstanding shares. a 10:1 stock split would mean for every 10 shares, you now have one. With that, if the stock is $0.03 before the split, it will be $0.30 after. The result overall value (presuming no one sells or buys) of your investment doesn't change, just your number of shares. I said early on I think there is either a 10:1 or 100:1 split at some point. I still stick to that belief.


Brobocop
LSU Fan
Baton Rouge, LA
Member since Feb 2018
446 posts

re: Let’s talk weed stocks in this thread
Why do you need to "Get out" before that occurs if the value remains the same?

Is it because the potential for growth is pretty much non-existent at that price point?
This post was edited on 2/8 at 2:46 pm


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10650 posts

re: Let’s talk weed stocks in this thread
Some see it as a bad sign. It depends why they do a reverse split that matters.


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questionable
LSU Fan
FL
Member since Apr 2008
302 posts

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

Don’t worry questionable, someone will tell you what to do next soon


Does that mean you don’t have a pick for us? It’s all good, not taking advice from someone who spells Texas with a j.

Image: https://media1.tenor.com/images/8ad4d2ed04f3094456f12d099251727e/tenor.gif?itemid=5533515


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01
rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10650 posts

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

Is it because the potential for growth is pretty much non-existing at that price point?


Not necessarily. It may just change your growth potential. If you thought before the split that the stock would get to $1 when you bought in at $0.03 then the reverse split happens, it’s 10x less growth to get to a dollar. If it gets to $10, it would be the same as if it didn’t split.


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TigrrrDad
Member since Oct 2016
3852 posts

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

It's been fun to lurk and follow this thread for sure. Outside looking in, Igoringa has seem to offer a lot of reallyyyy solid points on why it could be standard pump n dump despite your confidence to the contrary


The main reason I disagree with his concerns is that we’ve reached the revenue point with Coachella. And the revenue potential will make any existing debt irrelevant, and eliminate the need for future debt. And I do not believe that “billions” more shares will pop up as he suggests. I’ve said many times before that it isn’t something one should invest in based on the past financial statements or simply the charts, but on what the company is actually doing. To each his own. Everyone should be comfortable with their own due diligence before investing.
This post was edited on 2/8 at 3:01 pm


igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

re: Let’s talk weed stocks in this thread
Like the OP mentioned in terms of reverse stock splits, the actual reverse itself is simply an aggregation of shares. However, if you chart out the return of microcaps that do a reverse - the negative return is horrific.


Good example that used to be talked occasionally about several years ago on this board is GBSN. It is currently trading at $0.037. If you trace back that share through all the reverse splits back to the hypothetical value at IPO (and it is just hypothetical)… $515 Billion. LOL $515 Billion to $0.037 cents. That would sting.

Reverse splits in micros attack the law of zero. Right now there is enough folks that want in at a penny or two. Now if they did a 100: reverse today, that stock would go up to $1-2 all being equal. Do you think the same folks here buying 100K worth of shares would put in the same money at $2 a share. No way, the psychology is different. The perceived floor is different.

That is the challenge reverses put in.





TigrrrDad
Member since Oct 2016
3852 posts

re: Let’s talk weed stocks in this thread
Which is why they have no reason or incentive to do it.


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igoringa
LSU Fan
Tejas
Member since Jun 2007
10826 posts

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

And the revenue potential will make any existing debt irrelevant, and eliminate the need for future debt.


Refresh our memory on this. What is the expected revenue Q4, Q1 and the rest of 2019? Do we have an evidence to support that basis. I see them tweet kind words from a customer but I don't see anything about the true revenue and so on.


Their last Q they reported $5K in cash, and that was after a $315K capital investment (that was reflected in shares in the Q by the way), due to a several hundred thousand dollar net operating loss driven by interest expense and facilities expense. They had to have some capital injection Q4 and that wouldn't have been cheap.


TigrrrDad
Member since Oct 2016
3852 posts

re: Let’s talk weed stocks in this thread
Any revenue prior to 2019 is before they were licensed to grow marijuana.

I posted just a few pages back about the full revenue possibilities at each location based on nursery square footage.

Anyone who thinks no one will buy their weed definitely should not invest. I’m gambling on the thought that it will sell.

Of course they have debt - they are a start up since ‘17 and just got their licensure weeks ago. If they had already been cranking out serious revenue, they wouldn’t be available for a couple cents. But they haven’t been just sitting on their hands gathering debt - in the past year they’ve made plenty very big moves - all of which are documented in these 70+ pages.
This post was edited on 2/8 at 3:52 pm


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High C
Houston Astros Fan
viewing the fall....
Member since Nov 2012
26228 posts

re: Let’s talk weed stocks in this thread
Like I said when I bought my little piece, it’s all about moving the decimal point.


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00
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:

It’s to try to find that next company that will skyrocket from pennies to a dollar or more. And LVVV has the right price and business model to have a shot at it. And they are doing it properly with full licensing. Of course it is risky and a long shot - but if it weren’t it wouldn’t be available at a couple pennies.


I understand what you’re saying, but this has been said about plenty of scam pink sheets companies

I know most people don’t put a lot of money into these things, but I’d rather take play money to a casino


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Salamander_Wilson
Member since Jul 2015
3793 posts

re: Let’s talk weed stocks in this thread
The way I look at it, I'm taking money I would have normally used on hookers and blow and taking a shot at it turning into buying a house without a mortgage.


HermanBoone
LSU Fan
The Chuck
Member since Aug 2013
527 posts

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

The way I look at it, I'm taking money I would have normally used on hookers and blow and taking a shot at it turning into buying a house without a mortgage


This is where I am on this. Been lightly following this thread, but have some play money I’d like to throw at it and see what happens. What website/app are y’all using to buy? I currently use Robinhood, but it isn’t on there.


TigrrrDad
Member since Oct 2016
3852 posts

re: Let’s talk weed stocks in this thread
I use TD Ameritrade.
This post was edited on 2/8 at 7:27 pm


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TigrrrDad
Member since Oct 2016
3852 posts

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

I'm taking money I would have normally used on hookers and blow and taking a shot at it turning into buying a house without a mortgage


I’m doing just the opposite - I got a second mortgage on my house so I could buy more stock so I could afford more hookers and blow.


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