re: Let’s talk weed stocks in this thread

So one other thought on LVVV - I notice they talk about Blockchain. Now the skeptic would point out that is the most common play by a pump and dump in early 2018 - claim some kind of blockchain component. Magically, LVVV is developing that.

Funny thing though, looking at their financial statements - there is no R&D expense at all. How can you be developing this proprietary high tech blockchain solution that will be adapted by all in Coachella, without any R&D spend? Am I missing the magic wand?

Granted, I told you before the financials were not GAAP (or close to it) so this may be another error - but seriously, what is the basis for the Blockchain angle?

pooooooooooooooooooooooooooooooooooooooooooooooooooor gaucho

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We hate you. Stop making us lose money

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If you bought the stock because I “made” you, you deserve to lose money.

Let's take it easy on TigrrDad. Past performance of LVVV dictated that certain news events would trigger a bump in stock price. There were all these upcoming news events that were supposed to solidify the price. The good news happened, the stock price did nothing. There's simply no promotion of the stock or enough volume to cause a rise in share price.

TigrrDad was right, the company received a bunch of good news and is making money. The reason why share price isn't following suit is not really apparent.

Hey TigrrrDad...

So what do you have? 1,000,000 shares?


In your opinion where do you see this going? To an exchange? If so the share price needs to move a ton. You think long term this is a $2 stock? $20?

Cool. Good luck man. Go ahead and get the personalized plate for the yacht

I’m kicking myself in the arse for not doing that already.

If there’s a bit of a price spike soon, I plan on selling some then buying back in my Roth. I normally just do a Vanguard Target Date fund for my Roth with a goal of 5-6%. But I was just telling my wife last week that I should have thrown some of my LVVV into a Roth. With this stock you can usually make that 5+% on any given day.

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Wouldn't it be wise to move penny stock shares to a Roth so that if you hit you don't pay on the growth? Assuming you follow all other distribution and time rules?

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My shares are in my Roth.

I wouldn’t rule out a buyout. There are several bills in the works to federally decriminalize marijuana in one way or another, as well as ones that will bring banking into the mix. In a year or two when institutional money and the big dogs are more free to play the game in a big way, smaller companies that have licenses will be snatched up for sure. It all depends on what stage we’re at when they come knocking. But if everything is still coming together as planned for LVVVV, Bill isn’t going to cash out for millions of dollars if he thinks he can make himself tens of millions by staying independent.

As far as the debt issue, I think it is key for us that we got the Coachella state license when we did. The Paso Robles warehouses will certainly require money to be outfitted properly. But as I’ve said, a single pod can crank out upwards of $160,000 month at full capacity (and with buyers,of course). Add the second pod we already own and one or two of the 4 greenhouses we already ordered long ago, and that’s big money. That could fund further expansion at Coachella and the buildout at Paso Robles. If we hadn’t received the Coachella state license when we did, I’d see the possibility of further debt issues trying to get Paso Robles funded. I’m not that concerened about debt issues - my only concern is “do we have buyers on a large scale”? And I think we will.

While I would love to ride this out and see us hit a dollar or more, I’m also not going to shed any tears if we get bought out at 25 cents/share. Or even a dime. That would put me a couple years ahead on my overall investment path.