re: Let’s talk weed stocks in this thread

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Igoringa triggered by good LVVV news Never seen someone who supposedly has no skin in the game care so much about a penny stock. Still sticking with my theory that Bill fricked his wife.

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Shocking... There are some real children in this thread. Any other adults (like Bit Buster) out there?

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Note: LVVV's application is for only 5,000 sq feet and when you read it states they will use pods which seems completely different then what they are saying now - not sure how much the county actually focuses on what that application says

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It looks like that application was from May of 2018. They already received the SLO minor use permit for 10,600 sq. ft. The application in January ‘19 was consistent with what was reviewed and approved at the planning committee meeting on Jan. 18. Apparently the plans grew there. As others have mentioned, LIvewire’s operation will be selling clones to large scale growers. It allows growers to gain 2 extra crops each year. Their clone nursery pemit was (allegedly) the first one aproved by SLO.

And Coachella already has their county licenses and both the state cultivation license and state distribution license.

ETA: I’m guessing the plans at that time included pods because the Coachella state license had not been granted yet. Pods are the quickest way to get a temporary operation going until more permanent structures are ready. So they probably planned on putting the pods at whichever location got the licenses first, which ended up being Coachella.

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And Igoringa, I’ve always acknowledged that you raise valid points but I disagree with the conclusions you reach. For example, knowing Bill’s history, if I don’t see R&D for 7x Pure in the financials, I say it is crappy book keeping and intentional subterfuge. And I base that on personal knowledge of dealings with Bill. You don’t see it on the books, you say it doesn’t exist. Therein lies our problem.

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Well I hope it is not intentional subterfuge as that would violate several security laws both at the federal and state level.

If any blockchain based Pure 7X system ever appears - I will be the first to buy you a beer.

I’m flying to San Diego in a few weeks...debating taking a detour to drive to Coachella and check out the operation

on a side note - high hampton - what is the argument as to why LVVV currently should have an equal or higher market cap than these guys?

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Questionable

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I was wondering what time day care on this board started.

Playing off the acquisition target - and this is a part where I struggle - why would anyone pay hundreds of millions of dollars (assuming the expected stock appreciation and needed premium) to buy LVVV when what you are buying is a company that leased a few plots, and have a few licenses along with 100 plus others (based of Paso Robles).... assets and rights they were able to acquire for little capital expenditure. They don’t seem years ahead of what other companies could do for a fraction of the cost in a rather quick timeframe.

If getting to where LVVV is was a multi year process - I could see value there that way - but as LVVV showed you can wake up - decide you are in pot - have little capital - and get to this phase relatively quickly.

I will let Tigrdad give his history as he stated he had a personal relationship with him. Only thing I know about 'Bio Bill' is from public filings.

On the stock, Bill has 54 million shares including 40,000,000 he acquired on December 5, 2018. It is 99% likely the 40 million was issued to him as compensation directly from the company.

However, that is not what is important. With these penny stocks, the key is the Super Preferred. He holds the Series C preferred stock that guarantees him 52.5% of the voting control of the Company. It is a common tool used in penny stocks as it allows management to dilute to the cows come home and never lose control. Then, if the Company ever becomes something, they can issue themselves common as compensation (or better yet reverse split, then issue). Extremely common tactic.

That is why I bring up dilution all the time.... anytime you have this structure in a penny stock - if the company is successful you have guaranteed dilution by the super preferred holder in order for him to monetize and join in the appreciation of the stock price.

As a tack on to the LVVV discussion, what is the deal with Green Gro. To listen to LVVV, their pods are the greatest thing since sliced bread.... yet in the year of the biggest expansion of Cannabis in the history of their state - Green Pro 2018 revenue through Q3 was down compared to 2017 by 70% - to $300K for the entire year of 2018. 300k!

Legitimate question - if these pods are as good as advertised - why is no one buying any during this massive expansion of the industry? Why would sales plummet?

Again, I am just trying to make sense of it all.