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re: Let’s talk weed stocks in this thread
Posted on 2/19/19 at 2:10 pm to rowbear1922
Posted on 2/19/19 at 2:10 pm to rowbear1922
Hoping for a good run here and I'm going to get out.
1
Posted on 2/19/19 at 2:58 pm to papz
Lvvv uplisting was rejected. So much for a rubber stamp...
Posted on 2/19/19 at 3:01 pm to BitBuster
Link?
Posted on 2/19/19 at 3:02 pm to BitBuster
quote:
Anaheim, CA – February 19, 2018 - LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on special purpose real estate acquisitions and the licensing and management of fully compliant “closed loop” turnkey facilities for the production of cannabis-based products and services in California, announced today that the Company’s application for up-listing to OTCQB is currently in the resubmission process. The Company’s application for up-listing to OTCQB was originally submitted to OTC late 2018 and includes two (2) years of audited financial statements and the 3rd Quarter 2018 Financial Statements complete with an extensive management discussion of the Company’s business. The Company has recently received comments from the OTC, which are currently being addressed by management and the Company’s outside accounting firm in order to resubmit the application “We opted to apply for the up-listing to OTCQB to provide our shareholders and new investors with optimal transparency to support increasing liquidity in our common stock. While the required re-submission will somewhat delay the effective date of our QB filing status, we are confident that this can be achieved within a reasonable time period”, stated Bill Hodson, CEO of LiveWire Ergogenics. “Moreover, we believe that trading on OTCQB, in combination with the recent grant of permits for the operation of two LiveWire cannabis nurseries and a state-wide distribution license in California, will generate enhanced exposure for our Company and expand our investor universe considerably. We anticipate being able to work through these comments expeditiously and will keep our investors posted on the progress of the application.” The OTCQB is considered by the U.S. Securities and Exchange Commission (SEC) as an “established public market” that determines the public market price of stocks for investors. Since the OTCQB requires audited financial statements and management certification and has strict reporting standards and compliance requirements, it dramatically increases transparency and credibility for the companies traded on the exchange. This increased credibility and visibility, typically resulting in improved liquidity and awareness.
Posted on 2/19/19 at 3:02 pm to BitBuster
Not Rejected, Just had to "Resubmit" 
Posted on 2/19/19 at 3:11 pm to Brobocop
I’ve grown to expect delays with LVVV. Nothing happens on time, but eventually it all happens.
That would be a first...
quote:
we are confident that this can be achieved within a reasonable time period, stated Bill Hodson, CEO of LiveWire
That would be a first...
This post was edited on 2/19/19 at 3:14 pm
Posted on 2/19/19 at 4:20 pm to TigrrrDad
How likely is it that the resubmission works? Is this common?
Posted on 2/19/19 at 4:28 pm to quail man
That’s why all that’s in is the tip for me.
Posted on 2/19/19 at 5:09 pm to quail man
I really don’t know. But I’m sure they’ll do what they have to. I think they were on OTCQB previously - maybe during the energy chew days. I’m confident they’ll get it done.
Posted on 2/19/19 at 5:11 pm to High C
You know what would be really stupid? To throw more money at this stock. And that's just what I plan to do, because.. because I make the wrong decision no matter what.
Posted on 2/19/19 at 5:15 pm to BitBuster
quote:
You know what would be really stupid? To throw more money at this stock. And that's just what I plan to do, because.. because I make the wrong decision no matter what.
This should be bookmarked, btw. I really hope you’re wrong (about being wrong).
Posted on 2/19/19 at 5:26 pm to Brobocop
Didn't a poster (one who was arguing against the stock a few pages back) say that the standard for listing is pretty damn low? And they couldn't achieve that on the first go?
Or was he referring to something else. Too lazy to look back.
Or was he referring to something else. Too lazy to look back.
Posted on 2/19/19 at 5:28 pm to castorinho
That’s what he said.
Posted on 2/19/19 at 5:31 pm to Brobocop
I am trying to find my shocked face.
This post was edited on 2/19/19 at 5:42 pm
Posted on 2/19/19 at 5:32 pm to High C
quote:
Namaste Technologies' (CVE:N) stock has tanked of late, after the company announced that CEO Sean Dollinger had been terminated for cause after an internal investigation found "evidence of self-dealing" and "breaches of fiduciary duty." The company also announced that it will be undergoing a review of strategic options, which could potentially include the outright sale of the company. The stock is now trading below $1, down from nearly $3 in late September when a short-seller leveled allegations of fraud that prompted the company's internal investigation. Investors will be eagerly awaiting the results of the review of strategic options, though given the turmoil and depressed valuation, it may not be an opportune time to seek a buyout.
Namaste is an emerging company in the cannabis-related market, selling vaporizers and other accessories through its 30 e-commerce websites across 20 countries. While the company focused primarily on the medical side until recently, it has taken steps to capitalize on the growth potential of Canada's recreational cannabis market.
Given the turmoil surrounding the company, and its relatively murky outlook, we have cut our price estimate for Namaste Technologies to CAD 2 per share (around $1.50). Our interactive dashboard analysis on Namaste Technologies' Valuation outlines our near-term expectations for the company. You can modify any of our key estimates or forecasts to gauge the impact changes have on the company's valuation, and see all Trefis Consumer company data.
What's Next For The Company?
Namaste's board elevated Meni Morim, the company's Chief Product Officer and Director of AI, to the position of CEO. The company sent a letter to shareholders stating that the company's operations will continue uninterrupted during the strategic review, and discussing its ongoing innovation initiatives including "Artificial Intelligence capabilities that are being deeply integrated into [the] customer experience." However, at this point it is very possible that the company ultimately pursues a buyout, despite the depressed valuation. Given its potential in the fast-growing market, solid technological capabilities and sales pipeline, there could be a few suitors for its business (such as Canadian cannabis competitors or even a larger tobacco company potentially). With the stock trading well below the levels it saw for much of 2018, a suitor could potentially acquire the company at a relatively attractive price tag.
12:19 PM ET 2/15/19 | TREFIS
You guys holding nxttf bags might just get bailed out?
This post was edited on 2/19/19 at 5:33 pm
Posted on 2/19/19 at 6:03 pm to Pendulum
I've considered buying some more to get my average cost down. It has another spike coming... eventually.
One day.
Maybe.
Fingers crossed.
Best case scenario would be a buy out. I've been hoping for months that ACB scoops them up.
One day.
Maybe.
Fingers crossed.
Best case scenario would be a buy out. I've been hoping for months that ACB scoops them up.
Posted on 2/19/19 at 6:38 pm to rowbear1922
quote:
Medtainer
Dammit, I’ve been watching them for a while now & haven’t jumped. Why today? I seriously debate buying in on this daily.
Posted on 2/19/19 at 7:17 pm to igoringa
quote:
igoringa
What do you think is the underlying reason for the "Delay"?
I'm so into this thread, and LVVV that you would think I own a million shares.
ETA: I've even read some of the iHub forum. Some of those dudes are looney tunes!
This post was edited on 2/19/19 at 7:20 pm
Posted on 2/19/19 at 11:38 pm to Brobocop
quote:
What do you think is the underlying reason for the "Delay"?
Best case scenario for LVVV is the delay is due to the financials not remotely being close to GAAP (as I pointed out). That atleast could be fixed if, you know, they acted like adults and pretended to be a real company. If I had to guess that would be the reaskon. As I mentioned a few days back - getting on the OTCQB is a joke.... so this is something indeed.
This guy has never demonstrated any ability to be a reasonable steward of a public company. But this time will be different......
Posted on 2/20/19 at 3:46 am to papz
quote:
I've considered buying some more to get my average cost down. It has another spike coming... eventually.
One day.
Maybe.
Fingers crossed.
I learned that lesson a while back and it is reinforced every time I log into my account and see I own millions of shares of a pump and dump now worth .0000001 each.
After unsuccessfully trying to just sell or delete them I now am glad they are there to serve as a reminder.
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