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I bought at 004 and sold for 02 on potential BAD NEWS and I'm weird? lol
Would you agree that if Chen doesn't show up for this next court date as he did in this last court date that Chen in essence walked away from VIDA almost like he did with VPRO?
I bought heavy at .01 and some at .02. I am not but hurt I am holding for gains. Bro you're weird. Later.
Stop it with the butt hurt comments.You said I made a dumb move trading out at 0.02 and another poster posted the facts on the order to show cause.Did you post them with your news alert??Nope and neither did I,but I didn't post a news alert lol.However I knew and so did you know what the OTSC was about
I will be updating the intro shortly.
I have been approved as a Mod.
I'll sticky updates when available moving forward to court date
So you are just spreading negative sentiment until the price drops to where you want it pre news lol. Not so clever there.
Facts are facts we know nothing until court updates. And we will trade sideways until then.
Any negative sentiment like any positive one is worthless without information. And most of Chen's plays that look like VIDA performed well in the past - the one you are mentioning does not follow here.
GLTA $VIDA
If price and volume dictate?I'll surely jump back in.But we have time before the next court date and sloppy is sloppy lol
Chen is sloppy but he did file the status report which the minutes state he did not file. So looks more like a timing issue with the status report.
Highly doubt it goes the way of vpr. That one he walked away before he got custodianship.
Thank you..Order to show cause would have been different if he showed up.Chen is as others have said sloppy to say the least.This will most likely end like Vpro
go to https://www.clarkcountycourts.us/Anonymous/default.aspx
Click on District Civil/Criminal Records
Search By: case
Click option for Name
CASE NUMBER A-18-770717-P
See post 9112 from itsthebox1, he clearly shows the date filled. Also someone told me you can see the report if you pay $5 to the court, but I’m not sure how to do that, maybe someone on here does, otherwise we’ll see it on 8/27/18 after the judge reviews it.
do you have a link to see that the report was filled?
think you made a smart move...
i checked the website for the first time....
don't know who is spreading mis-information on these boards
but it is quite clear what is going on.... if you do the research
and see the minutes.....
minutes copied below:
08/06/2018 9:00 AM
- No parties having appeared, COURT ORDERED an Order to Show Cause shall ISSUE as to why the appointment of custodianship should not be revoked, and as to why the case should not be dismissed, due to Robert Chen's failure to file the status report as ordered, as well as Robert Chen's failure to appear for the instant hearing. 8/27/18 9:00 AM SHOW CAUSE HEARING
Not really. Most are waiting for news from the court. The selling isnt that high in volume and pulled back considerably from yesterday. These type of plays are risky but some people dont have the nerves for it I understand especially if you got in at a PPS and you need the money, etc. At this point the best thing to do is wait on the news and hold strong - that being said we have no power and are awaiting news from courts and on Chen thereafter.
it seems market are losing the confidence, give us your thoughts yiannisf
Also today's price action happened before last week and weeks before then price corrects again. We may see more red in the short term but by early next week we should see positive price action. Depending if we hear anything this week, next week or whatever this will go up but prepare for side way trading and minor corrections/retracements and sell offs should be expected back and forth. Today does have some selling pressure but it seams not to be that strong (in regards to volume). If most sold or longs sold this would go down fast and hard.
The Status report was filled on 8/3/18, check the court case. It must have not posted before the judge looked at it because of the weekend, so it won’t get reviewed until 8/27/18, but it’s sitting there waiting to be looked at. I’ll be buying more over the next three weeks if the price keeps dropping. The panicked sellers will regret it when they find out the RM is real, because Chen didn’t spend the tens of thousands needed to take custodianship just to abandon it. It’s just common sense.
No I traded out because I didn't want to wait until the eom with over 5bags to find out what the deal was or is especially so flying blind with no lvl2 being I'm in the islands now.I know how these things work from the inside out so I don't get emotional about them,5 bags and questions with no news to answer them?You said my move was dumb,but I guess not by today's trading.I may however jump back in if price and volume dictate and it looks good so far.
No one said Chen is out.
Court page was updated everything going as planned. No dumpage of shares pre pull out like last ticker so far. Just impatient and weak hands selling at this point look at low volume on sales/bid.
You are speculating that Chen will go forward with a notice of withdrawal like he did with another prior ticker in June?
This ticker is different no? He would have to notify court of withdrawal and we will know 4-5 days before the schedules court date on 08/26 if this is to be true meaning the 21 or 22nd.
I do not think he will withdraw considering the opportunities and money he can make selling this shell to an already cash-positive MJ operation (if speculation and rumors are true) - looks like VIDA is also much cleaner than that ticker you are talking about.
Again could go either way but the benefit and money to be made is so great I do not see why Chen would do that. Also if Chen does pull out then he is toast and wont be able to make these moves again. Although sloppy in the past he has done some sweet moves that paid off, don't forget that.
If Chen is out, not good... eom
Chen walked from VPRO and didn't show up to court yesterday for this.You see in these deals debt/notes are taken over some times at huge discounts,shares are returned in exchange for pennies on the $$ all kinds of things go on and I know because I've been there,done that.So when you take over a pos with skull/cross they have skeletons which could be green when handled correctly so why go the distance with all those dollars if you can make money on the speculation?
Not dumb when you have over a 5 bagger and 3 weeks until the next court date.But it is what it is right..
Selling at these levels is well... dumb but lol I understand... lol no I don't since we have 100% sure court date.
All good tho welcome back when you do take care.
I sold @ 02 yesterday.Didn't want to wait to hear what the show cause was about or until the end of August to know for sure.I'll buy back in if price and volume say so lol
Robert Chen did not file an update with the court. Not too concerned, it will easily be resolved with an update from Robert Chen.
No parties having appeared, COURT ORDERED an Order to Show Cause shall ISSUE as to why the appointment of custodianship should not be revoked, and as to why the case should not be dismissed, due to Robert Chen's failure to file the status report as ordered, as well as Robert Chen's failure to appear for the instant hearing. 8/27/18 9:00 AM SHOW CAUSE HEARING
It went briefly to .02/.0255 then bid dropped afterwards and stuck.
Market did not react you are correct.
We have news of when the court will decide things and everything is moving along.
We know how much longer we have to wait for news so no guessing here.
it seems that market didn't react to news, we were up in the morning and the down, don't know what spread are you talking about
It was just an example of what an order to show cause is
I'll be looking for a new entry in a couple weeks.Be well....
I thought the custodianship had already been granted.
Usually to show why something should or shouldn't happen.Such as an order to show cause why custodianship should not be granted or granted.
Information on Order to Show Cause can be found here https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142718757
FYI "To issue" can be to issue a decision or to issue a follow up court date.
More updates to come per availability of court documents.
NEWS! 08/27 Show Cause Hearing date
Result: Order to Show Cause - To Issue
08/27/2018 Show Cause Hearing (9:00 AM) (Judicial Officer Hardy, Joe)
Link: https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=11849465
Please Sticky
Waiting
This is the court case link (from before) https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=11849465 or check Case No. A-18-770717-P on their website.
I know many of us are looking forward to some good news.
This is our last trading day pre-news on custodian "status update" on Monday morning August 6. Let's hope for an exciting and positive week ahead for us. $VIDA Let's go Chen, make this one squeaky clean for us
Selling makes no sense at this stage.
do you think we will reach 80 cents???
Wow selling 2 days before status update .. GBNW .02 to .80 same Chen custodian play
MM tightening up .. could see a little push today
No VIDA news today. relax. Again Monday we hear from court then we see what is happening.
I doubt we see any kind of news other then custodial until after Chen steps down and gives over control to the newco.
Think you might be confusing Phivida with this company yes they ad news not us ?
Sideways action until Friday or Monday. Will be getting court updates Monday, by Monday morning or by Monday afternoon when the morning updates gets posted online if not early in the morning. Might see accumulation Friday and possibly Thursday but Thursday will have MM might push back a bit
lets see what the market say in the following days
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