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I don't know what to say. I just hope I am right about RM. I still believe he is putting together a good business, knows what he is doing and Elev8 will succeed. I hope that translates to great things for all of us. I must say it certainly hasn't worked out as I had hoped so far. But I still believe.
The world is finally starting to move a bit in the right direction. I figured things would be deadsville for awhile so I took some time away.
Hoping for news soon so we can get the VATE train back on the rails.
I have no doubt we are still set for a big future!
Why is this moving?
The whole bean coffee is terrific. I like the Hazelnut Cream the best but all are great.
I can drink a whole pot and not get the jitters like I do when I drink regular coffee. The effect of CBD with the caffeine is interesting to say the least.
I recommend trying all of them but if I had to prioritize I would go Hazelnut, French Vanilla, and House Blend in that order.
Cheers
I held my meeting with Ryan yesterday. As always it was quite informative and I left with a very positive outlook on the future of VATE.
Currently management is extra focused on finalizing the S-1. This will add the credibility required to attract investors to take VATE to the next level, such as; hire key headcounts, guarantee lines of credit to help with inventory, add and improve plant and equipment, as well as marketing resources. It takes 2 years of audits to complete the S-1. Finally all are complete and it is now a waiting game on the SEC to review and approve. Once that is resolved things will truly open up for VATE.
The RTD teas are selling very well and that is where the primary focus of growth is currently. I don't have any insight to numbers but the team seems very upbeat.
As you can tell the outstanding share count hasn't materially changed for sometime. Ryan mentioned that he tightly managing the business and has no desire to issue shares. This is very important to him.
The CBD coffee looks fantastic. He gave me a few bags with the different flavors and I can't wait to try them. We should hear more about that soon.
Although the CO distributor appears to be new and is "small" they have already sold out their first order and have another large order which should be sold out shortly after receipt.
As you can imagine there are many surprise hurdles that must be overcome due to the unique laws of each state relative to CBD. The Elev8 team is overcoming each issue one by one. Their distributors have been instrumental in helping VATE move ahead. As we all know the FDA regulations for CBD in food will open up many avenues for our amazing company.
I am still as enthused as ever about Elev8! They are a real company. Not a BS OTC imaginary company. I believe that Ryan is working his plan and has not wavered once since I have known him. He is making sure he doesn't get ahead of himself and will not put the company or the investors at risk by making rash decisions. He is in it for the long haul. He understands that investors are very impatient but he is not one to do anything outside his plan to appease anyone.
Reasons why I am committed to VATE:
Two years ago I invested in VATE due to the promise of hemp coffee. I tried it and could immediately tell it was a great tasting quality product. As I investigated the company in more detail, I began to know Ryan Medico. Ryan is a young, aggressive, intelligent and ethical CEO. His education and background in accounting and finance sets him up perfectly to navigate the shark infested waters of business and OTC. He has developed a business plan that allows him to systematically move the company forward and yet flexible enough to adjust to the unknowns that we all are painfully aware of, including; banking, credit, CBD regs, interstate commerce, Amazon, etc.
As it became clear that the exponential growth we all desire was to land on CBD, I contacted RM and held face to face meetings with him last February and again in September. During our discussions it was clear that he had the vision and temperament to make Elev8 a success. He informed me that he was to be launching CBD RTD coffee and tea, which he allowed me to taste. The flavors were fantastic. They included; peach, lemon, green tea hibiscus and CBD iced coffee. It was immediately clear that he had a winner.
Since then he announced the retirement of over 160,000,000 shares and has made the investments necessary to grow the business as aggressively as possible under the current regulatory climate. VATE is now able to produce the coffee in house with the purchase of Blessed Bean. The investment in BB has opened the door to new offerings like single serve coffee, numerous new flavors, as well as a lucrative white label business.
Due to the amazing acceptance of the RTD tea they are now increasing their focus on that market with the launch of the additional flavors of RTD tea. Depending on Q4 numbers it is possible that VATE may exceed $1M in revenues for 2019.
RM has also been extremely judicious as it relates to the packaging and promotion of the current product line and any future offerings. It is common knowledge that the lack of FDA guidance has made the business climate extremely challenging. Only those companies that have taken baby steps and have made every effort to “dot all the i’s and cross all the t’s” will stand a chance. I believe RM has done everything possible to ensure success. Until the FDA is crystal clear we won’t know for sure if RM nailed it but I believe he will.
I have made no bones about my commitment to VATE. However, it goes far beyond what you all see on paper. I have gotten to know RM and I believe him to be as committed to the success of this company and to the shareholders as anyone I have ever met. In order maximize shareholder value he has kept the staff to a minimum and is working 80-90 hours a week handling many of the business functions himself until they hit the proper inflection point. This is the main reason press releases are limited. He is simply focused on executing the business. I have been an executive in business myself in the tech industry and retired after 25 years running global sales. I know what it takes to succeed in business and Ryan Medico is making all the right moves.
If you don’t want to take my word for it then go to Orlando and meet Ryan for yourself. Then let me know your thoughts. in the meantime I will be meeting with him again in early March. I will report back with more positive news no doubt.
If I am wrong about RM then I am out a significant amount of money. But... If I am right then I am at the beginning of something magical!
He said he will. He had the product ready and wanted to get it out asap though.
It is very calming for me. I know there are many benefits in general but that is really all I notice.
I am drinking my second flavor of CBD whole bean coffee this morning. It is Hazelnut Cream. It is soooooo good. It amazes me how smooth the coffee is.
If you are still questioning your investment in or whether you should invest at all, you must try this coffee and all the rest of the Elev8 products. They are terrific.
GLTA
This morning is house blend. I will be trying French Vanilla and Hazelnut Cream over the next couple of days.
Just brewed my first pot of CBD whole bean coffee! Whoa! It is fantastic.
The flavor is unique. It is somewhat nutty but smooth as silk. The CBD really seems to work well with the caffeine. I absolutely love it.
VATE!
I held my meeting with Ryan yesterday. As always it was quite informative and I left with a very positive outlook on the future of VATE.
Currently management is extra focused on finalizing the S-1. This will add the credibility required to attract investors to take VATE to the next level, such as; hire key headcounts, guarantee lines of credit to help with inventory, add and improve plant and equipment, as well as marketing resources. It takes 2 years of audits to complete the S-1. Finally all are complete and it is now a waiting game on the SEC to review and approve. Once that is resolved things will truly open up for VATE.
The RTD teas are selling very well and that is where the primary focus of growth is currently. I don't have any insight to numbers but the team seems very upbeat.
As you can tell the outstanding share count hasn't materially changed for sometime. Ryan mentioned that he tightly managing the business and has no desire to issue shares. This is very important to him.
The CBD coffee looks fantastic. He gave me a few bags with the different flavors and I can't wait to try them. We should hear more about that soon.
Although the CO distributor appears to be new and is "small" they have already sold out their first order and have another large order which should be sold out shortly after receipt.
As you can imagine there are many surprise hurdles that must be overcome due to the unique laws of each state relative to CBD. The Elev8 team is overcoming each issue one by one. Their distributors have been instrumental in helping VATE move ahead. As we all know the FDA regulations for CBD in food will open up many avenues for our amazing company.
I am still as enthused as ever about Elev8! They are a real company. Not a BS OTC imaginary company. I believe that Ryan is working his plan and has not wavered once since I have known him. He is making sure he doesn't get ahead of himself and will not put the company or the investors at risk by making rash decisions. He is in it for the long haul. He understands that investors are very impatient but he is not one to do anything outside his plan to appease anyone.
GLTA.
I am meeting with him Monday.
I agree with the majority of your assessment. However, I still have my position and have been adding at these levels.
I will report back later next week.
GLTU
You are correct. Complaining on ihub solves nothing. There are thousands of other stocks. If you don't buy into the vision and/or lack patience then moving on is the best.
I have done that plenty of times and it has led me here. I am quite content with my position in VATE.
GLTA.
It's a great day for some Elev8 coffee!
Go VATE!
Reasons why I am committed to VATE:
Two years ago I invested in VATE due to the promise of hemp coffee. I tried it and could immediately tell it was a great tasting quality product. As I investigated the company in more detail, I began to know Ryan Medico. Ryan is a young, aggressive, intelligent and ethical CEO. His education and background in accounting and finance sets him up perfectly to navigate the shark infested waters of business and OTC. He has developed a business plan that allows him to systematically move the company forward and yet flexible enough to adjust to the unknowns that we all are painfully aware of, including; banking, credit, CBD regs, interstate commerce, Amazon, etc.
As it became clear that the exponential growth we all desire was to land on CBD, I contacted RM and held face to face meetings with him last February and again in September. During our discussions it was clear that he had the vision and temperament to make Elev8 a success. He informed me that he was to be launching CBD RTD coffee and tea, which he allowed me to taste. The flavors were fantastic. They included; peach, lemon, green tea hibiscus and CBD iced coffee. It was immediately clear that he had a winner.
Since then he announced the retirement of over 160,000,000 shares and has made the investments necessary to grow the business as aggressively as possible under the current regulatory climate. VATE is now able to produce the coffee in house with the purchase of Blessed Bean. The investment in BB has opened the door to new offerings like single serve coffee, numerous new flavors, as well as a lucrative white label business.
Due to the amazing acceptance of the RTD tea they are now increasing their focus on that market with the launch of the additional flavors of RTD tea. Depending on Q4 numbers it is possible that VATE may exceed $1M in revenues for 2019.
RM has also been extremely judicious as it relates to the packaging and promotion of the current product line and any future offerings. It is common knowledge that the lack of FDA guidance has made the business climate extremely challenging. Only those companies that have taken baby steps and have made every effort to “dot all the i’s and cross all the t’s” will stand a chance. I believe RM has done everything possible to ensure success. Until the FDA is crystal clear we won’t know for sure if RM nailed it but I believe he will.
I have made no bones about my commitment to VATE. However, it goes far beyond what you all see on paper. I have gotten to know RM and I believe him to be as committed to the success of this company and to the shareholders as anyone I have ever met. In order maximize shareholder value he has kept the staff to a minimum and is working 80-90 hours a week handling many of the business functions himself until they hit the proper inflection point. This is the main reason press releases are limited. He is simply focused on executing the business. I have been an executive in business myself in the tech industry and retired after 25 years running global sales. I know what it takes to succeed in business and Ryan Medico is making all the right moves.
If you don’t want to take my word for it then go to Orlando and meet Ryan for yourself. Then let me know your thoughts. in the meantime I will be meeting with him again in early March. I will report back with more positive news no doubt.
If I am wrong about RM then I am out a significant amount of money. But... If I am right then I am at the beginning of something magical!
He agreed to a meeting in March with me. No specific day yet. Believe me, I'll let you know.
Guts too. Lol
Well if that's how it's measured I have a lot of guys:). I am just waiting on the VATE glory!
GLTU
You'll be able to buy her something nice soon.
Yeah. Big gamble for sure. Who knows how this is going to turn out. Maybe the company actually has something of value cooking and they can improve their debt situation.
I assume you meant 2020
Yes sir!
Looks like this is no different. One more opportunity to buy low.
No question about it.
MAYBE they will go back to work.
Excellent. Inching closer and closer. Now that Congress is done wasting our tax money they will go back to work.
Fact
This latest dip changes nothing. Just another opportunity to get into the Salami at discount prices. This will not last forever. I know it's been a long time but we will move. Be ready.
I figured. Thought you might have gotten a feel for it though.
Thanks for the DD
Did you get a feel for how much longer dilution will continue?
Good morning!
Every week we get closer to the Grand slam with the GRAND SALAMI!
Most selling had dried up and legislation should finally get moving in our favor.
Exciting times ahead for sure.
Looks to me that the shares in the 8-K were offered at .0014. we may have hit bottom here. I am buying here and on any further drops.
Glta
Good morning!
Still loading
RM gave me a box when I was at his office. I don't have a Keurig bit gave it to some friends of mine and they used them. Said they were great.
The machine they use to fill and seal the cups is pretty cool.
Have a great week Erpy!
I don't know the answer to that.
RM told me that the RTD coffee with stevia was accepted by most but some did not care for the aftertaste. He said that he is looking at adding an alternative with a small percentage of sugar that should solve the concerns of those that didn't like the original.
He would keep both versions so there would still be a zero calorie option.
He added that due to the tremendous reception and rapid growth of the RTD tea that he would put most focus there for now though.
I personally like the RTD coffee as is.
GLTA
It's getting exciting around here. 2020 is going to be fantastic
Figured I would take this opportunity to add an 200k. Break of 23 is imminent!