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Invitus looks to be building a new website. What a ride. I'm in do or die.
Invitus MD should take advantage of government loan and finish out phase 3. Then only grow high THC products only. Perfect timing.
New Acreage Pharms Website shows new resin products
https://www.acreagepharms.ca/
Maybe this will help invictus md - https://www.ctvnews.ca/mobile/health/coronavirus/bars-cannabis-sector-eligible-for-40b-credit-program-from-government-bank-1.4883439
Until Invictus comes out of Creditor Protection one way or another, it's tough to say what the correct thing to do as a trader/ investor is. There are a great deal of variables with the following included.
They could fail to sell the company to anyone and then go BK.
They could restructure (with or without investor money) and go on to make millions or go BK.
They could sell to a public company and then go on to make millions as a new company or go BK.
They could sell to a company that takes them private and shareholders might make a small amount or not.
No one knows!
I'm a proud bagholder and not selling!
Thank you very much for the link. I see that they have over $120M in assets with roughly $20 million in liabilities. So let’s say then that they’re worth roughly $100M and that’s not accounting for potential profit the company can create. Correct me if I’m wrong but this seems like a no brainer buy right now. Currently $5 million market cap @ $.0375. Would the company be forced to sell at a discounted price? Or would they be able to sell all their assets for over $100M? Am i missing something?
Invictus' assets and liabilities can be viewed in the following document which is part of the Monitor's report to the Court in their creditor protection arrangement. Refer to pages 3-5.
https://www.pwc.com/ca/en/car/invictus/assets/invictus-010_022020.pdf
Current MC under $5M. How much is IVITF inventory/properties/licenses really worth at auction? I’d like to think above $5M. How much debt do they currently have?
Invictus Update from PWC website
Status Update as at March 31, 2020
General
As noted in the February 24, 2020 update the stay of proceeding was extended to May 29, 2020. We are preparing this brief update for stakeholders and other interested parties.
Operations
Since February 24, 2020 the Invictus Group has finalized its interim financing agreement, securing $3,000,000 of funding to pay amounts pursuant to the Amended and Restated Initial Order as contemplated in the Company’s Cash Flow Statement filed in these proceedings.
On March 27, 2020 the Invictus Group received their renewed license under the Cannabis Act and Cannabis Regulations from Health Canada.
The Invictus Group continues to operate in the ordinary course during the CCAA proceedings.
SISP
The Chief Restructuring Officer, Pam Boparai on behalf of the Company, with the assistance of the Monitor commenced the SISP on March 19, 2020. The SISP was advertised in the Globe and Mail on March 24, 2020 and the Company issued a press release on the same day.
The deadline to submit non-binding expressions of interest to the CRO and the Monitor is 5:00 PM (Pacific Time) on April 24, 2020.
https://www.pwc.com/ca/invictus
aren't the 4th quarter and year end numbers supposed to come in around now??? ab labs at full production since November 4--so 4th quarter should have half of those sales numbers at least!!
Like I said, if I sell now it would be my whole investment and that's why I'd rather take my chances on a restructure or white knight. Two options, sell and lose for sure or keep and maybe lose and maybe win.
More like your entire investment.
Oh no, I might lose my three cents a share. HAHA
Some go pink, delisted and bankrupt.
Stocks go up and down and then, you guessed it...up again! As far as warning people about the future, I'm warning you that the company is going to rise to it's highest share price ever in the not too distant future! Don't say I didn't warn you! LMAO.
Glad you're entertained. One thing's for sure is, I've still not lost a single penny on this stock and I'm certainly not selling it for the peanuts currently being offered on the bids. I'm holding to see what happens in the next few months. Selling now would be a loss for me so it's a no brainer to take a chance on holding out for a positive outcome.
Sure, they always had strong staff lmao, including now. Same song and dance all the time...
Welcome to the Invictus comedy hour!
Talking current, not past. Their hole is so f'ing deep it's not even funny.
You're talking past tense. No one cares about CEO's that made poor decisions and are now gone. The company is currently quietly going about it's business of restructuring with the help of a Court approved Restructuring Officer. There is a strong core staff of employees doing work (as opposed to complaining about bygones). You can whine all you want but just as time has lead us here it will lead us to a future time when things are different once again.
Put little hope into what Invictus might do. They drove the company and investors to the ground for all the wishful thinking in the world.
One would think with all those strains they have under their belt they would have chosen the best from the start. How could a company be so completely incapable and incompetent!
Any listed company who bids on Invictus will bring instant debt to their operations leading to further stock (sp) depreciation. If no one bids, extreme danger zone, not like they are not already there.
In case you haven't noticed, sales of cannabis are up all over North America. Essential service don't you know. Hopefully, Invictus can bring in some revenue on the demand spike. Still two months till the end of the Court approved extension of creditor protection. Looking forward to seeing some bids for the company too. (no, not your $10 one).
Looking at current world events lightens the blow we all took on this investment. World in crisis, Invictus is pretty much an afterthought.
Peace to you all and meditate on better thoughts of better places and situations.
Sincerely, take care everyone.
Without assisted breathing (court protection) this "thing" would be dead. Barely even a pulse left in it! Surprised no one out there isn't loading up at these super cheap prices lol! Oh wait, trading halt is still active in Canada...
Just look at all the positives this "company" has going for it! There are none. Wonder if they at least paid their phone bill yet.
What a bunch of buffoons!
That sentiment is for the dead, not the living!
They need to tone down the PR’s
So much news is getting overwhelming here
Date for SISP Disclosure as per PWC website is tomorrow, Fri, Mar 20, 2020. Phase 1 bid deadline is Apr 24, 2020.
https://www.pwc.com/ca/en/services/insolvency-assignments/invictus/sisp.html
Virus is here Costa Rica closes borders.... just as busy season was starting to take off bammmm
Cannabis delivery demand soars
https://mjbizdaily.com/demand-for-cannabis-delivery-soars-as-canada-post-restricts-service/
Cannabis stockpiling :)-~
https://cannabislifenetwork.com/covid-19-cannabis-stockpiling/
Covid-19 sparks pot sales
https://420intel.ca/articles/2020/03/17/ont-and-que-cannabis-distributors-see-sales-spike-amid-covid-19
H5N8 Birdflu is now in Europe...wont be long til it gets here
How many trillions lost because of the WUHAN exposure. SARs 2003
Invictus is cool too! For Real.
Audit and be responsible. This company is worth more than what they want
to lead imo.
Chineese ate the stuff from a Wuhan wet market...Wuhan wet market. look it up. like wow.
Ill give you information. like nobody else would here. For Real.
look up:
Italy's Nightmare Offers a Chilling Preview of What's Coming
Seems like everyone will bottom out with family and chill. That is nice.
I freak the people that pass, for real. And I am not thankful toward the Chineese Govt. at all. for repeated 0ffences
wow...that was nice...thanks...xo
So what are we going to do? I say nothing. Sit back and be with yourself and the ones that may be with you and hopefully you can take care of yourselfs and others.
Have a nice time everyone
Everyone..Should::ask.why.the.CEO.Left?
And Kiss?
OMG! That was the breaking point for me! Like when he did not fulfill his duties and then just abdicated himself like he did...that is obvious stuff
I like to go to concerts and all...but this one is really good.
In my opinion.
We all choose whether or not to be here.
Aside from the company wasting my time, good luck!
At this point, the SP won't affect the selling price of the company. I believe Invictus will not recommend to shareholders to sell the company for anything less than a price that will not only pay off all their creditors but also make a reasonable amount for shareholders (after all, the shareholders have to vote on it). There's no sense in just giving away everything they all worked so hard for.
I don't know what a fair sale price per share value is for Invictus but my gut feeling says around c $0.30. This would put us at around $40m valuation. I know you believe it's not worth more than ten bucks total but I'm thinking your offer will be politely thrown in the garbage.
Also, a new company in a rising sector could quite easily take this company back to over a dollar.
Like long before they hit three cents per share.
They could be sold long before protection is lifted.
It's a slap on the wrist so far. When protection is lifted, they are toast.
Done deal.
If a new company doesn't think they can handle taking on the current situation at Invictus then they won't. Any company stepping up with an offer will have a good idea how they plan to move forward with the company. Everything has a price. If there's a bid that makes sense to Invictus they'll let us know they think it's in the best interests of shareholders to accept it.
IMO as far as restructuring goes, Invictus needs to find more outlets for its products. This could happen by making products more suitable for buyers or at a better price point etc. They are in a pretty hard time crunch to make this happen though.
I think it's more likely someone will step up with some money in some capacity. There are still many ways this could play out.
The physical assets of this company are worth money. The company is a turnkey type operation (also worth money) that just needs to be tweaked back into a positive direction. There are many good companies who could most likely pull this off. Generally, Canadian MJ sales are still on the rise every month and new stores are opening all the time. This is not a done deal by any stretch.
It's a HUGE risk as most are aware. Again showing us there must be major compassion by the b.c. government.
Purchasing Invictus-MD brings major liability if the new company can not meet prior obligations.
Absolute disaster.
$10 lock, stock and barrel. Too much debt and mess to be picked up by any reputable company without taking on major risk to their own company.
Seriously.
I'd vote yes for $10 a share.
Maybe next round I'll put in a $10.00 bid lol.
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The companies we seek to invest in demonstrate certain traits, which we believe are attractive to the creation of long-term shareholder value. Those traits include:
We work in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships, and structuring and deploying the proper capital to support long-term growth. Our prudent approach to both investing in and developing successful companies ensures successful execution of the business plan in both times of economic expansion and contraction.
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