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GTSM moved up again.
Wants shares badly
Don’t give them !!
Unbelievable isn’t it
CDEL & GTSM Both huge intraday shorters many times they will hold over a few days, MMs get away with all kinds of BS...
MM’s starting to leapfrog one another
Off to the races once .0035s get slapped. $VCBD
GTSM now stepping up looking for shares too
Playing both sides
Interesting
Waaaaaay thin
All we need is just a couple of dozen believers and it will get pushed into pennies.
L2 awfully thin going up...
I have on my seat belt sir and ready for take off!! LET'S FLY VCBD
Getting ready to bounce from these levels. $VCBD
Nice 900K Ask Slap...
.003s getting smacked here... $VCBD
VCBD Weekly-chart below, notice how oversold it still is;
Notice the 50MA is at $.14 and record volume again, the P-SAR just dropped to the Bulls, other indicators turning bullish as well. Higher highs & Higher Lows.
VCBD is currently breaking out of whats called a "Falling Wedge" on the weekly chart, this is actually very Bullish.
Here's a link to the Falling Wedge from stockcharts.com
Also look at the "On Balance Volume"...
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal
Double click chart to enlarge;
In next run up it will surpass $0.01+++
Nobody thought VCBD would bounce last-Fri either but it hit 0085 on Fri and 009 on Monday, now VCBD is still WAY Oversold still.
VCBD will bounce again, it has a Low float and moves fast when buying pressure comes in. Why do you think so many are loading up on the Bid?
Anyone selling here is losing money.
SMH
Just based on technicals. Low volume selling here. $VCBD
Curious to know why you think it’ll bounce with all this selling and no buying pressure? .006???
Wall after wall. You get enough shares yet? Let’s go!
Ask thinning out early today. Good sign. $VCBD
Seems selling is done. Now we need buying
Even better!
Nice setup here for a bounce... .006s coming. $VCBD
Float is 88mil O/S is 170mil
$VCBD submitted all permanent financial docs on JUNE 26.
THE EXPEDITED PROCESS HAS BEGUN
https://www.natlawreview.com/article/understanding-new-fast-pass-small-business-bankruptcy-process
“In a regular Chapter 11, creditors vote on a plan. But in Subchapter V, a debtor can confirm a plan even without acceptance by creditors. To do so, the plan must not discriminate unfairly and must be fair and equitable. Creditors must still receive as much under the plan as they would if the debtor were liquidated in Chapter 7. Subchapter V also includes an option for the debtor to contribute all "projected disposable income" to making plan payments for three to five years – much like a Chapter 13 plan. Projected disposable income is everything after expenses to maintain and support the debtor (or a dependent) and expenditures necessary for business operations.
To confirm the plan, the court must find (1) the debtor will be able to make all payments under the plan or (2) there is a reasonable likelihood that the debtor will be able to make all payments under the plan and the plan contains appropriate remedies to protect creditors if payments are not made as proposed.
Discharge
With a consensual plan, the debtor will receive a discharge at confirmation. Without a consensual plan, the debtor will receive a discharge if he completes all plan payments.”
“To be eligible for Subchapter V, a debtor (whether an entity or an individual) must be engaged in commercial activity and its total debts -- secured and unsecured – must be less than $2,725,625. At least half of those debts must come from business activity. The debtor's principal activity cannot be a single-asset real estate operation. The debtor must elect to proceed under Subchapter V. Otherwise, the regular Chapter 11 rules apply.
Filing Requirements
Upon filing its bankruptcy petition, the Subchapter V debtor must also file a balance sheet, statement of operations, cash flow statements, and federal tax returns.
Trustee
The court will appoint a trustee, but his or her powers are more like a Chapter 12 trustee (for family farmer bankruptcies) than a traditional Chapter 7 or 11 trustee. The Subchapter V trustee does not take possession of a debtor's assets and lacks the ability to sell those assets. The trustee is more like an advisor and handler -- facilitating the development of a consensual reorganization plan, appearing at major hearings, and ensuring that the debtor makes timely payments under the plan. The debtor must pay the Subchapter V trustee.
The Process
The process moves at light speed by traditional Chapter 11 standards. The Court will hold a status conference within 60 days from the filing. At least 14 days before that conference, the debtor must report in writing on the efforts made, and to be made, to get a consensual plan. The debtor must file its plan of reorganization within 90 days from the filing. Only the debtor may file a plan. This differs from a regular Chapter 11 where – if the debtor does not file a plan within a certain period -- creditors or other parties in interest may file a plan.
A Subchapter V debtor need not file a disclosure statement. This is a regular Chapter 11 requirement designed to provide creditors with sufficient information to analyze and vote for or against the plan. In practice, it can lead to protracted disputes and delays as the parties argue over the adequacy of the disclosures. As an alternative to a disclosure statement, the plan must include a brief history of the business operations, a liquidation analysis, and projections demonstrating the ability of the debtor to make the proposed plan payments.
Usually, there will be no creditors' committee – another cut to reduce time and expense.”
Maybe that's why they filed for Reorganization till their Loan goes through? So their company wouldn't get diluted in the mean time and keep their QB status...
Isn't it possible that VCBD Could be getting a Interest free Covid Loan that the Federal Government set-up back in the Spring? That would pretty much take care of their Convertible debt for sure wouldn't it?
It is very much a possibility don't you think?
I’m not anybody’s keeper.
I post facts not fiction.
I’ve been on top of $VCBD for many months now & have done an extraordinary amount of DD.
I STAND BY EVERY SINGLE ONE OF MY POSTS
$VCBD will emerge from this sooner than you think.
Company restructuring plan can be submitted at any time up to deadline date.
It’s a straight forward simple Small Business Claim which will be expedited thru as per new gov regulations brought forth.
CHAPTER 11 EMERGENCE NEWS!!
$VCBD EMERGENCE FROM CHAPTER 11 TODAY 8-14-20
https://ih.advfn.com/stock-market/USOTC/vitalibis-qb-VCBD/stock-news/83076746/quarterly-report-10-q
"In accordance with ASC 852, we anticipate we will be required to adopt fresh-start accounting upon our emergence from the Chapter 11 proceedings, becoming a new entity for financial reporting purposes (“successor”). In order to adopt fresh-start accounting, The Company will have to meet the following conditions: (1) holders of existing shares of the predecessor entity immediately before the effective date of the consummation of the Plan of Reorganization (the “Effective Date”) received, collectively, less than 50 percent of the voting shares of the successor entity and (2) the reorganization value of the successor is less than its post-petition liabilities and estimated allowed claims immediately before the Effective Date. As of June 30, 2020, we expect that these conditions will be met."
Nobody? Read through Friday....
Here’s a sample:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157629340
I’m assuming you bought at .008
Take a charting course
$VCBD will be back there & plus some soon enough
That’s your narrative
Nobody claimed they were out. Stop telling untruths.
The comments were & still are exiting...not exited.
This company has not submitted a plan, yet the narrative just 3 trading days ago was that it had exited bankruptcy. Now there’s some shareholders who bought at $0.008 on a bogus FICTIONAL story. FACTS.
Docket clearly states “deadline”
Any and all “plan” can be submitted at any time.
FACTS not FICTION
STILL IN BANKRUPTCY FOR MONTHS AT LEAST, WON’T EMERGE ANYTIME SOON
Here's the docket report for this company:
https://www.pacermonitor.com/public/case/34727916/VITALIBIS,_INC
Next status update is late October, and there is no plan of reorganization even submitted, much less approved by the court with a date to implement. Claims against the company aren’t even due until mid-October.
Any statements this company has or is near emerging from bankruptcy are ridiculous and false.
I believe they are referring to OS in 10q
Outstanding at August 13, 2020
170,937,751
Float should be approx half of above number at present.
236mill turnover last few days
Yesterday’s events have created a huge shortage of available shares.
Hourly - Accumulation / Distribution has had a 47mill shift to the positive ( -35.44mill to +12.94 ) from date of recent spike.
The ADL (accumulation distribution level confirms this
( -23.66 to + 19mill )
Float is extremely low 170,937,751 as of August 13, 2020. Company is not planning cancelling shares post BK. That is all I need to know here. Plenty of room for booster shots. In addition, company is eager to maintain its QB status, so being at penny and above is only matter of time.
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