Creditors will decide what to do with the "assets" as bankruptcy is not an option for marijuana companies and common equity is worthless.
Current assets = 7.21 million and current liabilities = 75.0 million
Assets = 54 million and liabilities = 96 million
My guess is all operations will cease and the company will be dissolved. The remaining assets will be transferred to a new corporate entity owned by the creditors.
The losers will walk away with your money.
A hydrofarm miracle only happens once. They pissed it off. They are now practically done.
Value of the company and the current OS indicates a share price of .0305.
Doubt any movement much higher or lower without a catalyst that increases or decreases the value of the company.
With the current house majority being RED I doubt Biden will advance anything that legalizes MJ but the FDA may still act to move MJ out of 'illegal' status federally allowing interstate commerce, banking, Federal interdiction of illegal grows, and other benefits that would go with legalization not to mention the federal criminal pentalities on individuals.
Of course some of the RED states would pass state laws to reinforce the illegality of MJ and the current taliban Supreme court would uphold these laws.
Sunken ships usually stay at the bottom of the ocean and rust.
safe banking may pass soon but they have put this company to rubbles by enriching themselves, lawsuits. i don't get it, why the losers have so much ego, they are complete failures and always talked rubbish, most recent was turnaround, no updates.
A bad biz model is a bad biz model regardless of the specific challenges of the cannabis industry that make the sector extra difficult to navigate successfully.
not apparently, it is in black and white, they certainly know how to ruin something over and over
Apparently $UNRV stores and sales are a ghost town too ... "This was a decrease of $9.29 million or 46.3% in revenue from continuing operations."
The Company realized an operating loss from continuing operations of $122.80 million for the three months ended September 30, 2022 compared to $11.70 million for the three months ended September 30, 2021, an increase of $111.10 million or 949.5%.
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY=(42,111).
The equity is worthless.
more lawsuits likely coming as they are spending shareholders money in frivolous lawsuits just to take revenge on people's. people's is right that the management is wrong and enriched themselves. you saw market took it negative yesterday when the news came out. imo big trouble for current directors. they should have settled and gained from developments in the cannabis. i think this company is done. no one wants to touch a company with so many lawsuits, infighting with very money left forget about acquisition target. imo piercing the corporate veil may be coming soon to a theater near you. hey all those millions and millions of free shares , yum yum. as they say enough is enough. this is not their moma’s company.
this company is busy fighting with peoples and many more when everyone is encouraged and stock should be skyrocketing from these prices. this interstate is huge. but the losers just don't get it
Nope, you will never be worth investing in. BTW, did you get out of the basement yet?
They are waiting for the FDA's decision on scheduling Joe Biden asked for. The same thing US pot stocks have been waiting for for years. Finally. All the junk pot stocks have been taking for years was always about the FDA. Never about using stock to pay for salaries, stock to expand and all the other stuff US pot stocks have been earmarked with since day one.
If the FDA removes it from the schedule 1-3 then banking, interstate commerce, Fed protection, export, access to decent capital rates and more will come.
Holy C%^$, you folks will actually have to evaluate these stocks based on their merits instead of ginning up bogus junk.
Long time investors are just waiting. Not all of the pot stocks will make it. UNRV may or may not. So the key take away is don't buy MJ stock with money you may need. It's a bet - not an investment and remember Canadian stocks are already legalized in Canada. They have banking, they have the ability to ship across Canadian province borders. They already have Fed and local police focused on illegal trade.
Financial solvency seems to be irrelevant in this sector. With the Biden announcement, stocks like Green Thumb (GTBIF) and Merimed (MRMD) jumped and then dumped within three days. Green thumb is back to $10 from a high of $14.
The entire field is just day traders going in and out.
How's bidness? Still do work in the industry?
Almost all my friends have sold out to larger better capitalized companies except one here in Denver.
For better or worse, corporate cannabis has taken over yet the storefront names have not all changed. Great for the average consumer who are happy with standardized mid-grade bud, but sucks for those who seek easy access to the superfine.
Small high quality growers and shops will have their day in the sun in due time. A craft brewer phenomena will happen in the cannabis space after federal tax and banking changes.
So the 70% insider ownership you state is an OPINION. LOL!
Since I work with facts from free PRIMARY sources like the SEC, I have no problem showing my work.
In the real world:
don't ask on a free message board for people's work. spend some time doing homework. you can ask for opinions but not copy of real work. lol.
Show your work then and prove the SEC filing wrong. Your spreadsheet is poo poo.
Thus far among probably many errors you are incorrectly assuming unexercised options are ownership, among probably many other imaginary maths to come up with your 70% insider ownership.
yes insiders own close to 70% , including past and present. my spreadsheet isn't poo poo, it is well built and on due diligence. i have been a critic of insiders enriching themselves and that they are the biggest losers if this fails. still waiting for an update from them.
The 10-K filed with the SEC is accurate, the 70% insider ownership you stated is incorrect.
Facts are facts.
look deepr. schaube has 9 million shares given to him for free who is not on this list as he is now enjoying a huge consultant contract. there are many who are not on this list as they were shown the way out and still enjoying profitable consulting contracts . you look at numbers blindly, start diving deep and start looking who got options starting many years and where they are: they are all insiders still.
How about "fundamentals", believe in those?
The only value in $UNRV is in volatile trading potential and that requires technical analysis of factors such as resistance.
This statement is true as I made my first million on $GWPH (GW Pharma acquired by $JAZZ) by thinking differently.
There is NOTHING unique or special between $UNRV and the many, many, small pot shops facing similar low revenue growth and high expenses.
There may be a trade in $UNRV, but as I've stated since the $TRTC days there is NO fundamental investment value even with the long overdue passage of safe banking and/or rescheduling.
Not true... only 25% is owned by insiders and this was mostly due to the 100% dilution experienced in the merger to create Unrivaled.
False statement, facts below: "70% of stock is owned by insiders. every penny in stock price should matter to them."
i don't believe in resistance etc as then everyone will make money , money is made by thinking differently in different situations that charts don't reflect. the chart does not reflect what is going on and what may be in store for next week, maybe safe banking and rescheduling to 3 or 4 will be announced. where do you see this going with your charts?
the problem with unrv is seriousness. unrv is like small business as 70% of stock is owned by insiders. every penny in stock price should matter to them. they need to show positive ebitda by controlling cost and be dead serious about it and let investors know. the market was down but they have been down due to their own doing. frank gave one of the presentation from his kitchen i believe, maybe was trying to look cool but it wasn’t, as an example. they need to communicate regularly, have a newsletter . for example they could just keep in touch with letting everyone know of recent announcements even though it is out there. people’s need to drop the lawsuit to allow them to catch this momentum as i believe safe banking is guaranteed at this point and interstate commerce would grow and people would miss out on it. when I got into unrv, the legalization news was hot and then became cold. it is hot again.. my target last year was between $3-$4 . i think if they are serious, they can get this above $5 and then can raise money but not dilute before as it will be fatal. there is absolutely no communication from them on turnaround, it should be almost on a weekly basis either through conference calls or newsletter. the ir person does what all day? maybe he is hired on part time basis and does this for many companies and not an employee. you don’t go public with little seriousness as investors scan and chose where to invest with so many options. hopefully they will capitalize on the momentum. who knows?
i follow this guy, be he has been wrong as well , just to let you know. happy reading.
$UNRV Strong breakout underway.. still has room to go till it tests resistance..
Lost cause is my answer.
$UNRV is too small, too inefficient, has too much competition, and a lack of affordable financing to truly take advantage of the long overdue tax and banking changes.
where do you see the recent developments going for unrv?
280e will save lot of money in taxes to unrv as in my opinion fda will reclassify to schedule 3 or 4 quickly. the hhs secretary has already said he has talked to fda. this is essentially legalization. i read that ohio , as an example, will have an automatic effect if moved to schedule 3 and sales will skyrocket but us unrv positioned to fill the need and does it have first mover advantage? do investors know? have the investors been communicated of it? or the insiders are simply busy dreaming of enriching their own pockets by issuing more shares of diluting the existing? Or another name change? the rescheduling or descheduling does not have to go through congress and may even happen before midterms so there is momentum.
moreover, they can pass safe banking plus during lame duck session and it is now much easier to pass
there are many states that will need marijuana from california and oregon and unrv is one of the companies best positioned imo.
my question is will unrv capitalize on it immediately when things are hot or another lost case? one thing is federal but what are they doing as far as their operations and profitability? we haven’t heard.
The next jump will be when the weed is dropped from the FDA's top 3 catagories.
That is when it's basically federally legal but managed like tobacco, liquor and guns.
Illegal sales will be run down by ATF and state cops. Making it much more profitable at the retail level.
Brought 100,000 at .025
natalie of politco on twitter says that product from california and oregon will be going to all over the country in truck load. this company is positioned so. but i have this strange feeling that the current management will screw it as they have proved to be born losers, thus spoiling the momentum by either issuing themselves free shares or diluting (look what happened to amc ape shares when they diluted) or by not updating on the turnaround plan or not settling the lawsuits, just looks like trouble finds them or they go after trouble. this will be a long road to $0.40 when people's options are in money and only over that they make any money. that is like 2000% increase needed, a big goal just to get there. just don't kill the momentum but increase it with positive developments. we will see as the history does not support it.
I had a feeling something had to come soon before the election in November.
I loaded up 120,000 at .0251...... What really worked out is I was ready to buy at .045 but it fell so much during the time my money was transferred to when it cleared to be able to buy something.
Company has had recent bad news, but looked like they are cutting/selling assets that were hurting the company to increase margins and profit. I took a chance that could pay off pretty well. They just have to stop giving themselves shares when they aren't producing the numbers shareholders want to see.
Good Luck to shareholders on this new ride we are on. Biden just turning the corner on Cannabis because his party needs and wants votes. Shummer has no excuses and should follow up on it. Good News and more green days to come!
It would be funny if the company ends up dissolving, due to lack of funding to continue operations, only moments before the sector revitalizes.
only if unrv can capitalize on it by releasing progress on 100 day turnaround, record 3q profits. but this company always seems to do it wrong. may be they will screw it again by issuing millions of shares to themselves, diluting , reverse split or changing their name again rather than growing share price exponentially with tempo of this big news and i believe safe banking will now pass. i just don't know about this company where their heads are.
Bingo..... those ppl need to be in jail for fraud PERIOD
As I've said many times, by many financial metrics, the common equity of $UNRV and $TRTC before it is worthless, and only recently has the market adjusted to the reality of the situation.
The standard OTC playbook requires more of the same:
the corporate veil will be pierced if so. they ripped off too many times, even changed name of the company, duped many. whatever happened to 100 day turnaround plan? another lie? no update?