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Maybe regulation concerns?
https://webfiles.thecse.com/2021April22_Vinergy_CoinTrader.pdf?tZBwTYhkxvcq3brtkzzAwDZ5BmPwREeI
Hope this yields some good results. My arm is sore from carrying this bag so long...
I think their next filing with the CSE is due at the end of the Month. I would not be surprised if they're stockpiling any news for its public release. Would recommend going through relevant LinkedIn and Instagram profiles for information in the interim. Lots of positive things to see.
Hope we see some numbers soon to get this off the ground. Looks like buyer interest on the CSE will keep us from going too far in the other direction for now. If the breadcrumb trails haven't been leading me astray, it looks like we may have something substantial here.
Interesting. The low number makes sense, given the dilution through the recent PP and impending acquisition(s), but I wouldn't think they'd be in the business of trading penny stocks.
Merrill Lynch Pinches Penny Stocks
Maybe this a sign of good things to come?
Phyto Pharma updated their website last week too. Looks a lot nicer.
We got to 0.25 with no marketing. If this deal goes through, and they advertise as hard as they did when we bought in, there's a chance we'll soar past 0.50 (at least temporarily). I'm hoping they follow through with that ex Pfizer facility. That will do a lot to gain investor confidence. Maybe good old Bacardi will even jump in again :P .
It appears Friedman resigned from his former company in December. Looks like that was his plan for awhile because the domain name for phytompharma.ca was registered by him last March. Given all the videos of phytopharma's operations on his Linkedin profile, there seems to be at least some legitimacy here. The real question is where these operations/products came from. Perhaps he took most of the value at his former company with him? I know some other key employees came with.
As for the Canadian lawyer/co-founder of Phytopharma, I think he may just be a means of establishing a Canadian presence. In fact, I believe their Canadian address is actually just a virtual office space (i.e. not actually a place where they conduct business)
I contacted Friedman this afternoon. He told me that the deal is in its final stages and has been accepted by the exchange. They expect to be trading on the CSE by the end of March.
There are a few more interesting posts from before Vinergy was known to be involved with them. Here's a noteworthy one.
"Our new negotiated manufacturing facility in Puerto Rico. 600,000 sq. Ft. Former Pfizer facility. Hemp grow, extraction and science labs within one of the largest facilities in the world on 350 acres"
Feels like we now have a glimmer of hope for something substantial here. Hope our patience will finally be rewarded. Break the news Vinny!
Has everyone seen Michael Friedman's (Phytopharma Co-founder's) LinkedIn posts from last week?
"Phyto Pharma goes public in Canada and US! #cse stock symbol VNNYF, CSE symbol VIN"
Also has a couple of vids from some grow partners and an advert for one of their products in Variety Magazine.
Wonder why Vin hasn't broken the news yet? Sounds like this is a done deal.
While its still not available for trade on the CSE, its looking like the MMs are gearing up. Haven't seen a bid size over 500 in months.
Keep us in the loop! Hopefully they at least release their presentation. I'll ask for it the day of.
Over the past two years Vinergy has failed to close on any of the purchases its "intended" to make: MJbiopharma, Biolennia, Eagle energy, Botanical Technologies. Is there anything to suggest that this will be any different?
Either someone is trying to recoup some of their losses or somebody knows something. That's a lot of shares to gamble on...
Don't let him get you down Bob, I think he just likes to vent. Understandable given how long we've been stuck in limbo.
My eagle energy pen arrived on Friday. The pen appears to be of high quality; very solid materials and no signs of damage. Even the packaging was well made. I waited until this morning to give it a go. Took about 10 puffs, which is about twice the recommended. It has a blue led at the end that lights up as you inhale and will start to blink when you've inhaled enough. This version has a berry flavor that leaves a mild minty aftertaste and has a fairly sweet aroma. As far as its effects go, I felt more alert about 3 to 5 minutes after taking my last puff and I didn't feel any of the jitteriness or anxiousness that I often get with a cup of coffee. While it doesn't give you that massive dopamine spike an energy drink would, I enjoyed it. Think I'll take a hit before work each day to see how long this one pen will last me.
You can buy it on amazon too. Their website has the original on back order, so you might spring for the special edition berry-mint flavored one. https://www.amazon.com/Eagle-Caffeine-Sugar-Free-Alternative-Berry-Mint/dp/B07H6T6RZP/ref=pd_lpo_vtph_bs_lp_t_1?_encoding=UTF8&psc=1&refRID=QTFRQNSPAKCXCFE87D8S
Just bought one myself
Also, It looks like that Thierry Schmidt (Eagle's CMO) was appointed president of Agro-Biotech last week. That could make for a strong connection,
https://globenewswire.com/news-release/2018/11/22/1655555/0/en/Emerald-Health-Therapeutics-Appoints-Agro-Biotech-President.html
https://www.newcannabisventures.com/emerald-health-buys-quebec-cannabis-producer-agro-biotech-for-90-million/
Looking at it in a more positive light, he was able to generate over $500,000 as a 20 year old. Sounds like he has some potential. Here's hoping he's matured a bit :P
"Vinergy gets conditional approval for business change"
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:VIN-2694184&symbol=VIN®ion=C
Guess we just need to those deals to go through.
One last thing. Given that this latest filing is a listing statement, which "must be used for all initial applications for Listing and for Issuers resulting from a fundamental change", its a good sign that things are moving forward.
Some Takeaways:
The two companies Vinergy now intends on investing in have been named, Botanical Technologies Inc. and Eagle Energy. Eagle energy appears to be legit https://eagle.energy/. Can also find their product on amazon.
I haven't yet found much more on Bota beyond what's in the doc, but the company appears to be linked to a guy named Thierry Schmidt, who is also involved with Eagle. If Bota is going to be a cannabis based version of Eagle, the connection makes sense.
https://www.linkedin.com/in/thierry-schmidt/?originalSubdomain=ca
Also sounds like Vin is going to offer up another 5 mil shares @ $0.20 for more investment capital. Here's hoping things start moving soon.
VINERGY RESOURCES LTD. to be renamed Vinergy Capital Inc.
I haven't read it yet, but I wanted to point out the new filing. This doc is pretty fat, so hopefully there's some good info within. https://webfiles.thecse.com/sedar_filings/00016546/1812030343284687.pdf
What shares? Stock market is closed on Thanksgiving. The shares you see listed are yesterdays.
I'm still here. Only check in from time to time though. As we learned months ago, they supposedly invested in something. Assuming its not complete BS, which it may be, I suppose they just want to let their investment grow as we all just sit here with nothing. They've more than proven they don't give two shits about their investors, but that doesn't mean they wont try to profit more from this stock. Here's hoping that happens, someday... As to why they haven't released a monthly report, I really have no idea.
Sure hope this is a sign of something big. Insiders buying up shares before an announcement maybe? Cant see any other reason someone would drop nearly 70k at whim on a stock thats been stagnant for so long...
I'd also like to add that there is potential benefit in these delays in that their investments will have more time to accrue value beyond their agreed purchase prices. That could make for a more impactful news release once trade resumes.
I wouldn't say the CSE price is meaningless. Its what the have and will likely continue to use as representation of their worth, therefore, it is in their interest to ensure the apparent price gap is minimized once trade resumes.
I'm not saying I agree with this, I'm just providing a rational as to why they've remained silent.
As to deals being closed, I'm not sure. Though their proclamation that they've advanced at least $300,000 of a $500,000 agreement sounds like one was a sure thing.
I wouldn't say the CSE price is meaningless. Its what the have and will likely continue to use as representation of their worth, therefore, it is their interest to ensure the price gap is minimized once trade resumes.
I'm not saying I agree with this, I'm just providing a rational as to why they've remained silent.
As to deals being closed, I'm not sure. Though their proclamation that they've advanced at least $300,000 of a $500,000 agreement sounds like one was a sure thing.
My bag is pretty heavy too, so I know how you feel.
IMHO Vinergy really has only one shot at getting this stock to rally. They are in a unique position where their primary exchange has had a comparatively large PP locked in place and if they have any hope of maintaining shareholders there and pushing past that PP once trading resumes, they are going to need big news. I feel that releasing company names now would have a lesser impact than it could have if they wait for trade resumption.
I don't think choosing to be opaque about this is the most ethical decision, but it will likely prove the more economical one for the OTC SHs who chose to stick it out.
Of course I could just be fooling myself and this whole thing is a lost cause. I've already accepted that this is likely, but, given what I've lost, it doesn't really benefit me to pull out.
Lessons learned I guess...
Looks like there has been some additional investment activity subsequent to their last MD&A https://webfiles.thecse.com/investorx/VIN/1807301402531515.pdf?eeFVISquI6DSIGQinp5VgRPQyPrqvFRi
"(a) On June 6, 2018, the Company entered into an investment agreement with a non-related party for $250,000.
(b) On June 26, 2018, the Company advanced $300,000 to another non-related party on a subscription agreement that will be for a total investment of $500,000 "
Seems to be some new bits of info in Vinegy's latest MD&A https://webfiles.thecse.com/investorx/VIN/1806281930550839.pdf?Cp5Zf5TNsrz8aO6p81wTTuBcGDy8_9dY
"On March 8, 2018, the Company entered into a share exchange agreement with a non-related party whereby it agreed to exchange 2,025,000 common shares of this company for 9,000,000 common shares of the Company. As part of this agreement, the Company has an option to purchase an additional 2,475,000 common shares of this company in exchange for 1,000,000 common shares of the Company expiring two years from the closing date.
"Subsequent to February 28, 2018, the Company advanced $30,000 towards the purchase of 1,245,300 common shares of a non-related company at a price of $0.4015 per share pursuant to a private placement agreement"
Saw that Vin's latest monthly report was posted. It confirms that they submitted their revised listing statement last month. Just waiting on the CSE now.
https://webfiles.thecse.com/Form_7_-_Vinergy_May_2018.pdf?aQvrI.QBYvDy5LzkjrUAF2qnHyQcE9F0
Looks like all the old asks are back. Maybe it just had something to do with the long holiday weekend? Although Vinergy did specify that they intended to submit the necessary change of business docs mid May, so I wouldn't be surprised if we started seeing some action soon.
The latest monthly CSE update was posted today. https://webfiles.thecse.com/Form_7_-_Vinergy_April_2018.pdf?xD_WkyNmCj289yY60yuNIyB0n.SwcSDE
Contained one new bit of info "The management team has been working to submit a revised listing statement for a change into an investment issuer which is anticipated to be submitted by mid-May 2018."
I don't think the value was in their strips, it was in some means they developed to increase the speed at which cannabinoids can be absorbed.
http://mjbiopharma.com/2017/02/14/vinergy-resourcesmj-biopharma-announces-breakthrough-in-oral-cannabinoid-strip-and-time-release-capsule-technologies/
I wouldn't be surprised if Vinergy still intends on investing in MJ Biopharma to some degree. We've already learned they've lent them over $300,000 from their financial statements.
While these geezers certainly aren't fast, they've definitely proven themselves cautious. I'm still confident on seeing a sizable profit from this...some day...
I'll reserve judgment until we get that follow-up press release mentioned the update. Here's hoping it comes "soon"; in the actual sense of the word lol.