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$0.25 isn't a stretch. A lot of people could say $0.50-$1.00.
I sold 75% of my holdings over the past couple of weeks for that same reason. Glad I kept a bit, but still so frustrating.
When do you think this run is going to happen?
Take it public. Without the old shareholders. The fact that you still haven’t realized your money is gone is so sad. Take what you can and leave. I know it’s hard.
Not a scam at all. You’re trying to scam people out of this.
What a joke.
Ya, the recent quarter said that we should expect some pills coming out in the first half of 2018, but the fact that they haven't publicised the fact that that is something they've been working on is crazy.
If they had pumped themselves up more they could have done the financing for more money and fewer shares. I know you shouldn't pump up your PPS but when you have to do a financing you need to be telling everyone you're going to be great so that you maximize shareholder value when you raise money.
Honestly, I was the exact same. I thought this was such a winner. While everyone else has expanded their growing capacity emblem is moving at a snails pace. Their additions are also bringing on such small increases in capacity. Going to get to 2,200 by mid 2018? What a joke. I think they've been focusing on the medical side, which is good, but since there are no updates it's caused a stagnant/low PPS. You can't raise as much money and you dilute shares more when you do a raise. So annoying.
They should have allocated all their money to capacity, then do the raise (probably at $3.00) and allocate that money to the medical side. They did it in the wrong order.
Anyways, I'm actually still long but it's very frustrating having my biggest MJ position be the worst when it had such potential. Even some of the MJ plays that were licensed after Emblem have more capacity and are trading at 2-3 times the market cap....
If they had just followed the normal pathway they'd be up a few hundred percent.
You win some, you miss some.
I wouldn't sell if I were you. I think the street isn't confident because there haven't been a lot of updates from management recently. That should change soon and I think we'll see a very large uptrend to catch up to other LP's.
This is a company that is very serious about becoming a major player and for some reason they stopped updating the public. It's very confusing but I don't think there is anything to worry about.
They need the price to go up as I think they'll probably need to do another financing shortly to further increase their grow space. For that reason alone I think we'll start seeing more PR's to bring them up to a valuation that's comparable to the other LP's.
Hold tight.
$1?
You think this company should have the same market cap as Canopy? lol
GTFOH
I'm all for it moving up but you completely discredit yourself when you add a valuation like that. Come on.
I? saw this today too, along with the other formal pr’s. I? was just curious how they heard it on Friday before it was officially released.
Where did you see the oils approval? I’m pretty on top of this type of thing so I’m surprised I missed it!
Thanks in advance
Typically when a reverse merger happens the shell company has some cash on hand. Their assets are cash and being publicly listed. In this case, there is just the public listing. WC wouldn’t pay that much to simply get listed. I realize they own 41% of SOUPQ but that also means that whatever they give up to those shareholders means giving up 59% of it.
Honestly, this is super risky. I could argue that they have no reason to do a reverse merger. You do that to gain access to capital to grow a business. They don’t need capital from other people, they have enough.
On the other hand, they may not want to commit additional funds to this investment, so maybe they do want to raise outside capital (go public) but still maintain majority ownership.
I say it’s risky because in scenario A, SOUPQ shareholders get nothing. In scenario B, they get a small portion of the business for the public listing (call it 5-10%). Not tiny, but not 50%.
They might do a reverse takeover but it would be at a very low ratio. SOUPQ shareholders would get barely any equity.
I can’t imagine this would go any lower than today’s close. I’m shocked at the pps. Buying opportunity for those interested.
That doesn't mean they'll ever get there. Obviously, we hope they do!
What's the expiry date on the warrants?
They didn't make millions pumping it and it wasn't a criminal PR. This whole time you haven't paid attention to the basic advice of people on this board.
Wishful Thinkers - "WHY WOULD THEY THROW AWAY THEIR SHARES IN SOUPQ? THEY MUST BE GIVING THE COMPANY TO SOUPQ SHAREHOLDERS. THAT"S THE ONLY LOGICAL THING TO DO!"
Why would they abandon their shares in SOUPQ? They would do this because they bought ALL of its assets and own 100% of the fundamental business. Every share they hand over to SOUPQ shareholders would result in them, as a whole, owning less of the final company, since they only own 50% of SOUPQ shares (or 41%, who knows).
It's so simple. They bought shares of SOUPQ and tried to turn the company around by influencing the board. Didn't work. They then went with option B and bought all of the assets in the bankruptcy hearing, abandoning their original investment.
SOUPQ is a shell and doesn't own any soup, soup trademarks, ladles, pots, pans, lobster, salt, peppa, or any heavy D up in the limousine.
lol they aren't going to release a form 4. They are considering their position worthless because they own all of the assets of it with Gallant. They always knew it was worthless once they had to use Gallant to buy the assets. It was their backup plan. Their initial plan was to buy enough shares to take control but that didn't work when they confronted the board.
Everyone is so dumb here. SOUPQ has been an empty shell since the takeover and WC has know their initial investment was practically worthless. It was a sunk cost.
What was the volume on 9/27?
Putting something on the ask means they are selling...not buying...
If they have upcoming notes payable and no room in A/S to convert them then they would legally have to increase A/S. This just means that, if for some reason they cannot sell the crop, then they would have to issue new shares as repayment in November.
If they can get revenue from the crop, which they will, then no new shares would need to be issued to pay down the debt. The revs from the crop will more than offset it.
I'm looking for a PR that says the crop is harvested and the expected amount of CBD is #### per acre. At that point they can enter into a contract with a buyer. They could get a portion of the sale up front to pay down the debt.
Not to say they are going to do any of this, but this is a reasonable assumption.
PR should clarify everything.
They would need to disclose that since they own over 10%. Nice try though.
You should hit up your local bookstore and get a "capital markets for beginners" book. Better yet, just try using the google to run a couple searches on the world wide web. I'm sure you'll be able to figure it out...
I completely agree. The revenue generated from the harvest will more than satisfy the convertibles so we really shouldn't be seeing a rise in O/S.
If anything, we could see a reduction in O/S if they use the money to buy back shares. That said, we should see a dramatic rise in pps after the harvest revenues numbers are released so it would be more expensive to buy back shares at that point.
They actually shouldn't be pumping the stock price as the best value for long-term shareholders would be to buy back shares. The revenue will also be used to finance the next crop.
All in all I think we're in an amazing place right now. I don't care what people have to say about the history of the company. They have everything they need to be a legitimate business so there is no reason to play around.
Thanks!
I was actually in that one last month and ducked out temporarily but was looking at it again last week. Will consider! :)
I agree that Bulova might be turning around shortly so I’m looking forward to the upcoming news and potential run. Unfortunately, I’ve held all the way down this slide but may double my position soon which will hopefully make the run that much more fun!
What mj play are you in?
Ya, it’s nice to see my position in the green. I was buying all the way down so the up tick is nice. Up and away!
What are the assets? Seriously, it’s a genuine question.
Very high. I’m holding a lot of warrants and I plan to make a lot of money. :$
Is there any cash left in SOUPQ if it's a shell? I know GBI paid off the outstanding debt but was there anything left over?
I don't know how the purchase went through which is why I'm asking. GBI paid 6.7 for the assets but that was in return for paying off all the debt, right? So there is debt but also no cash?
WC wouldn't go public since it's a fund. What they could do though is spin GBI out into a public company where they are the majority shareholder. It would make them a lot of money so I wouldn't necessarily call it wishful thinking. It's a conceivable scenario.
How much of the spun out entity existing SOUPQ shareholders would own is completely unknown. Since WC also owns 51% of those shares they might be kind in the restructuring since any equity given to SOUPQ shareholders would only be giving half to themselves.
This would be done in the form of a reverse takeover (RTO) which GBI would propose to the SOUPQ board members and shareholders would vote. Part of that proposal would be the new share structure.
There will probably be backlash to this post because there are a lot of people here who are wishful thinkers and still think SOUPQ shareholders own the Souman assets.
I'm long and think we have something here. But I'm not an idiot that thinks existing shareholders will own 100% of the new company.
Soupman is SOUPQ. Not sure why you’re arguing against that. They bought assets, not the company. The company is Soupman inc. They even clarify that by stating “the company” so that people don’t think they are referring to the brand. Clearly some people are still confused.
If it wasn’t for SOUPQ then why would they even put out a PR. Gallant isn’t a public company and has no obligation to be transparent.
If they weren’t updating SOUPQ shareholders then they were updating.....themselves?
Ahhhhh. That makes sense.
Nice. This is what I was expecting.
A buyout didn't make sense as they haven't been positioning for it at all. I could see a buyout in the future but it would be a big pharma co, not a fellow LP, and it will most likely be in a couple of years.
The agreement with Canntab makes complete sense. This is the PR we've been waiting for too. Everyone that believes in Emblem knows it's all about their pharmaceutical potential. This is evidence of their commitment to that direction.
That's what I'm hoping for. :)
I was also rolling deep in the Mettrum buyout.
Good guess but I doubt they would request a trading halt to announce something like that. Unless it was to announce a large partnership (focused on oils).
It could be a JV with a pharmaceutical company or a takeover. Based on share performance they are a ripe takeover target. That said, I think the only way shareholders would vote in favor is if the premium was upwards of 50%.
TRADING HALT.
PLEASE BE A TAKEOVER OR JV!
Regardless, should be good news coming out.
TRADING HALT.
PLEASE BE A TAKEOVER OR JV!
Regardless, should be good news coming out.
Tell me more about “average jackals” please. After you said that a couple times a switched the sound of your voice in my head to David Attenborough and now I’m all calm and relaxed. Bulls on parade Monday.
We saw them 3 days ago too.
What makes no sense is someone that doesn't want a reverse merger. If we don't merge then SOUPQ shareholders own zero assets to make SOUP...
You clearly don't get what I'm saying. Gallant would propose the merger terms and existing shareholders would vote on it. Since WC owns 51% the vote is pretty much guaranteed. I think you need 60%.