Conversion Labs Inc fka CVLB

[Happy Investor]

Interesting take on CVLB by STOCK REGISTER.COM

Conversion Labs, Inc. (NASDAQ:CVLB) is an exciting stock to watch
They indicate trading volume for past 3 months averaged 446 K /day, while during the past 10 days the average was 2.03 mm.

Thirty-seven % of shares are held by insiders. (Another 10% to 15% is owned by long term shareholders like me and about 10 others that I know who have held for more than 10 years and are not in need to raise cash) That means the float is probably 11 mm shares. If Stock register is to be believed, short sales totaled 5.22 mm in December. At half the flost and with a 240% stock price since the beginning of the year the shorts are in bog trouble. This may explain the selling designed to push vack the early gains that occur almost every trading day in pre-market and at the beginning of trading.

So when the next analyst begins coverage with a BUY (and that will be happening soon) and when the Q4 and 2020 results print about mid- month and when the company announces successful launch of the new skin care line and its new celebrity spokes person this month and next (RX first, then OTC)and when the next licensing agreement or JV is announced the shorts will help us long-term investors push the surge in the stock price.

[nmn]

Thanks for your insight jefra.
I did notice the frequent halts but didn't realize it was due to options volume.

[Happy Investor]

The traders hit CVLB today. we rallied back to near yesterday's clos twice but we were hit with selling at the end. Despite that action CVLB moved up $.60 after closing. Tomorrow is another day.

A small consolidation with rally attempts sets up a new foundation to continue the upward trend. Look for CVLB to push back toward $28 by end of this week.

[Happy Investor]

I think you are right. When imbalances occur the broker dealers who maintain a smooth functioning market must take a short breather to insure that contracts can be fulfilled. This is something that new investors do not understand about trading stops in general. They are not necessarily a sham to protect the institutions.

[jefra1965]

But they seem to indicate that the bullishness will continue into the high 30s n the short term.

Haven't you noticed that trading is being halted almost every day? I believe is related to the Call Options being traded. The are being swept and MM need the halts to rearrange their positions.

[jefra1965]

I was looking at them last week and they have gotten too expensive. The trick was to buy them as soon as the options became available. If you are long then the long options are the best. Traders are more risky and buy the short term. But right now the short term are too expensive because of the demand and volatility.

[Happy Investor]

Short will be short lived. We are back up to $24.16

[jlee3]

E*TRADE PRO software for desktop PC

[nmn]

What do you use to analyze options chains?
When I look at the current options activity in Yahoo it looks very bullish.
e.g. all of the volume for Feb 19 is calls
Note: I have no experience reviewing nor trading options.

https://finance.yahoo.com/quote/CVLB/options?date=1613692800&p=CVLB&straddle=true

[jlee3]

Citron haters blindly shorting CVLB — fuel to the fire for $30+

[jlee3]

Wow— CITRON

https://twitter.com/citronresearch/status/1356260498233294858?s=21

CVLB halted up due to Citron positive tweet

— zerohedge (@zerohedge) February 1, 2021

[Happy Investor]

More likely 2021 revenue will be $100 to $120 mm. Even if CVLB trades up to 14 x, at $100 mm we would expect $60/sh.

[jlee3]

Depends what timeframe, right?

If telehealth peers trade up to 17X revenue, and CVLB can produce, let’s say $75,000,00 2021 revenue...

$75,000,000 * 17 = $1,275,000,000

$1,275,000,000 divided by 23,283,663 = $54.75/sh

Conversion Labs (Nasdaq: CVLB) Releases Updated Corporate Presentation: https://t.co/6JyuWNHAq5

— LifeMD (@LifeMD) February 1, 2021

https://ir.conversionlabs.com/CVLB%20Corporate%20Presentation%20Feb%202021.pdf

[Laster]

This thing is a beast!
How high will it go?

[Happy Investor]

Should be 1 or 2 more analysts initiating coverage soon. This will create more interest and propel the valuation toward what it should be ---at least $40/sh.

[Happy Investor]

More eyeballs. They are prescient. The new Medical/Compliance officer is a critical risk management resource ti maintain integrity and reputation.

[Laster]

This stock is amazing.
The sky is the limit.

[jlee3]

CML Pro members, we just sent a new 'Company to Watch.'
-
The company’s most material investments are focused in its telehealth technology platform, its provider network, and on medical and compliance personnel.

Learn more about CML Prohttps://t.co/I2zZWHTqnz pic.twitter.com/tlFQKsJ31a

— Ophir Gottlieb (@OphirGottlieb) January 31, 2021

“CML Pro members, we just sent a new 'Company to Watch.'
-
The company’s most material investments are focused in its telehealth technology platform, its provider network, and on medical and compliance personnel.

Learn more about CML Pro
bit.ly/CMLPro”

[Happy Investor]

Up $.32 in after hours trading to $20.82!

Company is in process of hiring spokesperson for the new Skin products lines (both RX and OTC). Looking forward to the announcement.

[playofthedivine]

Such a beautiful chart. After waiting, sometimes impatiently, since last summer, this feels surreal.

Higher highs and higher lows.

And we don't even have the spectacular news of non-dilutive financing. What da' ya; say we get? 50-75 million or could it go as high as 100 million?

And a JV partner or two. And the rock star influencer representing NAVAMd.

Good times now and good times ahead.

[Happy Investor]

Nice recovery on high volume totaling $40 mm in volume. Added $1.60 to last closing high

[jlee3]

More eyeballs

https://twitter.com/wallstjesus/status/1354852809343119360?s=21

[jlee3]

New Eyeballs :)

$CVLB wow, and *not* a shorted stock.

Long calls
Long calls spreads
Short puts

— Ophir Gottlieb (@OphirGottlieb) January 28, 2021

https://twitter.com/ophirgottlieb?s=21

[Happy Investor]

Back on track. Surge in buying around 10:00 350,00 shares pushed us up to $20.40. Settled down to $19.89 now.

[Happy Investor]

Traders hurt us today. CVLB rallied back 3 times, but traders took their gains and buyers were selective perhaps even selling small amounts to push price down further before making a larger buy.

Tomorrow is another day. CVLB undervalued vs comparisons, growth, infrastructure, SARR gains, etc.

[Happy Investor]

Indicates that people WANT IN.

[Happy Investor]

Plan is to sell or spin off at a certain point.

[Happy Investor]

There are slso at least a dozen very long-term investors like me who have held for more than a decade and who are not going anywhere. Probably accounts for another 3 mm shares.

[jefra1965]

$CVLB

After-Hours Volume 21,938
After-Hours High $19.25
After-Hours Low $17.72

[jefra1965]

SEC filing out. CVLB just bought another piece of the PDFSimpli business segment and brought it's ownership form 51% to 82.6% total. A business segment that will be worth more than $500MM within a year and it's currently making 16% of the total revenue.

Legal Simpli Software (LSS) Following the consummation of the LSS Restructuring, CVLB PR increased its ownership of LSS from 51% to approximately 72%, with up to an additional 10.6% of LSS reserved for CVLB PR upon payment of the remaining tranches of the CVLB PR MIPA.

82.6% Total after the last payment


CVLB made $277.7K with LSS in 2018
$2.54MM in 2019 and about $5.9-$6.1M in 2020. With very good gross margins.
(Don't quote me) According to the CEO this business segment will be brought up to a $25 to
$30M
Revenue RR to be divested or sold at an attractive valuation within 9 months to a year. He actually said within 6 months last time he talked abut that at the Benzinga conference. Check Docusign (DOCU) for an example of the kind of valuations these BM get. DOCU is trading at 37X revenue. So a decent valuation should around 25X revenue. That's a $625MM price tag that even with a discount is above $500MM for only the LegalSimpli segment which is about 16% of the total business.

Now we now one of the reasons why the stock is running higher every day.

[playofthedivine]

Was talking to a buddy of mine today and we both said the same thing: This move is the result of Justin talking to institutional investors. Float is 12 million and is shrinking by the day. Insiders own 34% and big money owned about 15% in December. It's highly likey that Institutions are going to own 50% of this stock at least. The float was only 11.5M or 49.5% before the run starter. Its getting smaller and FAST.

[Happy Investor]

Shorts have been negligible. This is the result of Justin talking to institutional investors. The volume is larger every day for last 4 days. $47 mm in dollar volume today is institutional buying. IMO more to come.

[Laster]

Hey buddy.
Big mistake here.
Huge.
LMFAO.
Big miss here my friend.
Lol.

[Stingray]

It's acting like a bit of a short squeeze now...taking some off the table...

[Happy Investor]

I little consolidation at this point would be healthy as it sets a new foundation for moving higher. recent buyer are buying at relatively higher prices, are more sophisticated and/or institutions and would have a longer time horizon. As long as execution holds we have a near term (3 months) run IMO.

[Stingray]

Thanks...starting to creep into overbought range...but, that was a nice run so far...

[Happy Investor]

You got that right!!!!

[Stingray]

...I was just looking at the CVLB chart...what I found very surprising is that indicators I use for overbought/oversold are relatively neutral and pointing higher. That is amazing after this run up.

More upside to come in my opinion...once it breaks 14 it's off to the races...

[playofthedivine]

I’m not familiar with the TA part of daily flags. Do they really suggest the possibility of a further uptrend tomorrow I would think that RSI and MFI and other indicators would be a better overall gauge

[Happy Investor]

Today's trading formed a flag pattern that seems almost certain to be resolved to the upside, due to the large volume and overall trend.

[Laster]

Another awesome day today.

[malvern]

I loaded CCIV at 18.00 I'm doing okay when it's done running I will load some of this. Happy trading!

[Happy Investor]

CVLB halted twice today. Reason : Volatility Trading. Two periods of massive buying (for this stock) by institutions caused price surges. Investors and traders will become aware of this over the weekend. Augers well for Monday and early next week action. Should hit $14 or more.

[Happy Investor]

It doesn't Have to do anything. It can continue rising at 15% per trading day for a few more days and then just level off in a choppy pattern at around $14.

[pmunch]

Looks great 11$ HOY CVLB

[Stingray]

Thar she blows!! Looks like CVLB is heading much higher from here...

[malvern]

It has to take a breather and consolidate, profit taking today I expect.

[Happy Investor]

Why would there be a pullback? Volume is building. Selling backing off. We expect 2 or 3 analysts to begin coverage very soon.

[malvern]

I waited too long to pull the trigger might as well wait on the pullback now, congrats to those who jumped in .

[jefra1965]

I can't find that board. Any help!