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Hey TB. Long time no talk to.
Bobby is Bobby Pritchard of Global Marine. Got screwed by the Dominican Republic on a find he was working. Moved to Florida. Found another ship, off Cape Canaveral and the state screwed him over by talking to France about it and taking it from him. Been a long haul trying to get to keep anything he finds. We did get a lot of stuff off "the pewter wreck" in the D R before they stopped him. I have both raw (ugly) and cleaned (nice) pewter from that wreck when the investors were given a small distribution. Plus i have some 500 year old beads from that wreck. He had a good plan but the governments screwed him over. He is an example of finding a ship and having it taken away from him with no compensation, so some use him to say if Kyle found anything at Juno or if he found a 1715 ship at Melbourne it would be taken from him. Notice I do not say I agree or disagree with that. Just saying that is why people use Bobby as an example. Hope that helps. Good hearing from you. Remember you from my first ventures in sfrx, when I was funding Kyle as one of those "terrible people buying private shares at discounts" that get slammed so often. Lol. Hoping he hits it huge and the stock screams.
"Your post certainly wasn’t clear it was what his appeal was based on"
Yet my post began with the literal words "Bobby's biggest (And best) argument is ..."
You don't think that is telling you what BOBBY is appealing? You said "You could have begun by saying this is what he filed" yet the question was what did BOBBY put in his appeal, and the answer was what BOBBY'S arguments are. WHy say that it is what he filed, when the question was asked about what he filed and the answer was that this is what he said. Sorry I didn't use the word "filed" for you, and you could not make that connection. I truly thought you would understand that saying it was Bobby's arguments that you would think it was ... BOBBY'S arguments!
OKay, I missed that point, so had to add this. Oh, and I liked that movie.
"and longs such as yourself "
I'll be clearer then.
I am not a long of this stock. See? Proof that you say things as if you know facts about someone that you do not know! I bought in the day after they got the permit. Knowing it would create excitement, and either lead to a great find and a great gain or a good balloon ride (To use terminology used here) and EITHER way should be a nice gain. Actually went higher than I expected for not finding anything (yet?). But that's when I got in. Well, actually ... remember how the day of the announcement it didn't really rise? The next day it rose a little and the day after that it was like the news finally kicked in and THAT is when it rose? Yes, much of that was me, and I am willing to say that now, in the rear view mirror long enough to disclose it. I don't normally like to say I bought or sold, but that is now long ago so I'll admit it. (and say no more on my trading after this post) Anyway, I bought a LOT for about a week, and watched it move up. As the time for digging passed more and more, and the stock jumped and then plateaued, I started to worry about Kyle not digging, and I sold out. My average out was at $.0251, so not at the 3 cents I wish I sold at, but believe me when I say selling at $.0251 was a large gain. On a lot of shares. I haven't been in it since then. Yep, that's my disclosure for today. Out at $.0251, and waiting for another impetus before I buy in again. In some ways, like you say you are. So again, you are saying things about people (me) that you know not of, which shows that you don't care about truth as much as just saying things about people (Most of it pretty negative too, for what i's worth) That's the biggest issue I have with you. You say things like they are fact, when you have no idea if they are fact or not. You do the same with some of what Kyle is doing. You say what he is doing, and sometimes you are way off, but you think you know, even when you do not. Your assumptions and negative spin on every little thing that they do is why some have you on ignore. I actually tried to answer your question. I do not have you on ignore (that is reserved only for shajandr). Granted, I don't read this board every day, so sometimes I'm a week or more behind, but I talk to Kyle at times. I talk to Bobby sometimes. I've been with Bobby since the company was known as ARS. I even have some of the treasure from the DR from their first and only split, before they became GME. I've funded others too, and won't name them here. I don't post what they tell me, (and I also take what they tell me with a large grain of salt.) But know from someone who has more knowledge of the companies than you do (maybe not on the topic overall, where you have a GOOD knowledge of salvage and salvage law, but definitely about what the companies are doing, why, and what they are not doing) that truly you say things as fact that are wrong. I won't contradict the things you say here, as I won't divulge anything that I have heard or responses to the questions I asked after you brought them up, for Kyle OR for Bobby, but know that you say things that are just wrong. I only responded the first time to give you an honest answer of what I thought was an honest question. Information that is public and I thought was nice to share with you. I wish you just accepted it as such. No "refuting your argument", as it is just giving you the points on a brief, not my opinion. I didn't confirm if they were valid or not. Just answered your question.
Quote the raven ...
Dude, I think you are so used to being confrontational here that you can't just have a conversation. As to you refuting my arguments, they are NOT my arguments. Your original post said you didn't know what Bobby had in his apoeal and asked If anyone knew. I answered, to give you the information you asked for. You can't disagree with my post and tell me why, because my post was just Informing yiu what Bobby is trying to say. I didn't say I agreed with it, didnt say I disagreed with it, jyst gave you the answer of what HIS arguments are in his appeal. SO chill! Ortalk to Bobby. But telling me why a ship is not abandoned and why my argument is wrong is not appropriate. Again - not my argument. Just the answer to YOUR question of what Bobby is saying in his appeal. And you end by asking again if anyone knows what is in the appeal. SMH. I'll not give yiu information again, since all you want to do is argue. Those ARE the points of his appeal. Answered. The biggest being that no one can prove it is the Trinite and FL should not have joined with France in stealing this unknown ship from him. No more nice helpful answers for you, though.
Bobby's biggest (And best) argument is that there is no proof it is the Trinite. Second is that there is no proof it is even French. Third is that it was not a war vessel. Fourth and last is that it was abandoned. IN that order.
FYI.
Harvest wasn't done until right near the end of second quarter. I would think the revenue from that will show on Q3.
Three things from your post.
First, the first word. "Newbie" that is proof that you don't mind saying things of which you know nothing. You state them like they are facts when you don't know reality. I was a vice president at Merrill Lynch when Pierce Fenner & Smith still had their names on the door. I moved over to assist the branch manager of an office when Prude3ntisl still had Bache in the name. Not a "newbie". In LVVV? Been here since before Bill had the cargo units in Coachella. See/ Not a newbie. But you state it, like it is truth. You speak when you are ignorant of the facts. That's dangerous way to do business. But let's move on.
Second. you say "I’ve held millions upon millions of shares for many years while watching the PPS fizzle down to nothing" Well, that just says you are not very good at managing your money. if I wasn't retired, I might recommend a money management account for you. Or a mutual fund. It's obvious you don't play smart with your investments, so letting someone else do it might be a better way for you. I'm not in the game anymore, but I might be able to recommend a few people if you are interested. Let me know. .
Oh, still on that point. I've been in LVVV three times. Made money twice and lost money once. Overall, have done real well since one of the winning times was a very large profit. So you see, there ARE ways to make money even on this stock, but if you hold until it goes to almost nothing, that philosophy doesn't go well, so again maybe a professional money manager would work better for you. Just let me know ...
Third and last. "As a shareholder I have the right to speak and express my opinions." Of course you do. But what I originally said still makes logical sense. To tell the world that a company YOU OWN is a scam, and that management is ripping off the investors, and then hope that it goes UP in price? You're really working against yourself in that scenario. Do as you wish; I'm not telling you that you can't post. But this too points to a discombobulated approach to your investing that says you are a prime candidate for an S&P 500 mutual fund. Tough to recover when you watch your stock go down maybe ... what? 90%? 95%? And tell anyone else who might be looking to buy that it is a scam and for them to NOT buy. Yes, tough to recover.
Okay, that's my thoughts. Notice that NOTHING I said in my first post was in error. Just stating your approach was something that you might want to think about. Of course, you did NOT, but instead threw up a wall and tried to come back with something witty. Your reply? First WORD was an ignorant statement that proved you don't value knowing things before you open your mouth. I chalk it up to you probably having moderate experience and thinking it is better than it is, and you having a gamblers attitude in stocks. I wish you well, whether you decide to get a manager of continue on your own. Done. I like lurking better most of the time.
Sometimes posters are funny. For instance.
“I truly feel this is on the precipice of a Ponzi type self-enrichment scam whereas only Bill and Mike C make money and us shareholders get the big middle finger. Disgusting!”
Okay, so the company sucks. It is a scam. Right? And also
“Total and utter Shit Show for Share Holders!!! Only ones who seem to be making out financially is Bill and Mike!!!!”
And then … here comes the funny part …
“I’d like it a ton more if the PPS would at least hit $.10 a share “
See? Lolol. Tell the world (well, a small one, on this board) that the company sucks, that it is a scam, and that the shareholders are getting screwed. Then, wish for the price to be higher. HA. Can you for one minute think that posting that it is a scam will not be very helpful when others look at the board thinking of buying? That you might even influence a person or two (again. Not many on this board) to NOT buy? And then, you want it higher.
Is that called pissing where you eat??
This news actually means something positive. Not the normal NON-event news they put out. I tried to get Chase commercial banking for Tempe when I was Involved with the company 5 years ago, but they would not accept us. It truly means less expenses, better rates on loans, and better rates and limits with vendors. This is positive news.
I agree.
Finally some good news.
Oh, and harvest is done for June. FYI to the one who asked.
Funny dude.
I have no shares because I don't think the company is strong right now. I'm still on the forum because I'm waiting, and when the timing is right, I SHALL buy again. Are you saying if someone plays a stock they can only post when they are long? When they are out and watching for an opportunity, they can't post??
Yep, funny.
How do people do their DD if they can't watch stocks before or between when they own those stocks?
Probably true. WHich is why I own no shares and have not for a long while. Sad. ANgering. Arrogant.
File for BK?? Where do you GET such illogical thoughts? They are.making a net POSITIVE earnings per quarter. Hard to declare bk with positive earnings.
I'm not bullish on the stock, but BK?? SMH
This (below) should be GOOD news for the stock price. Exposure is always good for a company, and one that has this story this could take off. I'll even put a "bullish" sign up for now.
Don't know where we might trade tomorrow, after the 1 for 2 split, but today, under the symbol RGXTD, we traded near 4 cents a share. On 39 total shares. LOL. Don't think that is where we shall be, but nice to see and wish for. I truly think we can and will see that price for real in 2025. Just probably not yet.
<<
The Company is pleased to announce it has engaged the US-based corporate communications firm, RB Milestone Group LLC ("RBMG"), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. RBMG has been retained for an initial term of 12-months starting June 10, 2024 and will be paid US$25,375 in cash per quarter. RBMG is at arm's length to the Company. The agreement is subject to regulatory approval.>>
I'll paste it here. It came from "market awareness"
Livewire CEO Outlines 2024 Growth Plan
A Strategic Comeback Plan for a “Phoenix” Cannabis Stock
We are on the Offensive – Always
LiveWire Ergogenics Inc. (OTC: LVVV),?a company focused on acquiring, leasing, licensing, and managing special-purpose real estate properties conducive to producing high-quality, handcrafted, and sun-grown specialty cannabis products for medical and recreational adult-use in California today announces update and growth plan for 2024.
The cannabis industry has experienced its fair share of ups and downs over the last few years. Overhyped expectations of growth and revenues, unusually large investment or debt burdens, inexperience resulting in mismanagement, and extreme market volatility have made it difficult for many public cannabis companies to develop a solid financial performance, a predictable share price, and generate a satisfactory ROI for their investors. Accordingly, many small and large publicly traded cannabis companies alike have lost an average of 70% in stock value over the last two years. LiveWire has prepared a strategic comeback plan for a “Phoenix” cannabis stock.
Bill Hodson, CEO of Livewire, states, “LiveWire also went through an often-painful growth process over the last few years, no doubt accelerated by the significant loss in share value by many of the industry’s major operators; we found ourselves possibly guilty by association. We understand that the current trading climate does not encourage investors to invest in any company in the industry, maybe with a few rare exceptions. However, as the history of many newly developing industry sectors has shown, “I chaos lies opportunity.”
“In contrast to many of these companies, we have always focused on our vision to develop and execute a well-crafted and unique business model anchored in cost-conscious operation and driven by our passion for the plant and management’s experience in a complex and turbulent industry. We believe we have positioned LiveWire for long-term success and profitability.”
“Many experts agree that despite the pressure cooker of the last few years, significant losses, and still-existing obstacles, the future of the US cannabis market appears bright, with increasing innovation and significant growth expected. However, for businesses to succeed, successfully navigating the still-complex legal and regulatory landscape, running a cost-conscious operation, and quickly adapting to dynamic market changes are crucial. We recognized these requirements early on and built and optimized a unique, high-quality specialty products cultivation facility in Paso Robles, California. We consistently adapted our business model to the prevailing market conditions and created ample room for improvements and expansion.”
Hodson continues, “Together with Estrella River Farms (ERF), our steadfast focus remains on operating with the lowest possible operating expenses, carbon footprint, and debt level, allowing us to continue to produce without sacrificing quality and integrate flawlessly into the environment with the surrounding vineyards. We diligently manage operational costs and expand and adapt our business model with cost-effective and unique product development. By accelerating sales through licensing, marketing, and management, we can effectively navigate the ongoing product price volatility in the California market. After overcoming significant hurdles during the last year, somewhat hampered by a low share price, our expanded group of subsidiaries, affiliates, consultants, and distributors are now well-positioned to move forward with the confidence to withstand still-existing market fluctuations and increase revenue and profitability.”
“The vision of developing a unique business model, the world’s first “Estate Grown Weedery,” is more than ever at the core of our mission. We are expediting our streamlining efforts and continuing to center all operations at the Ranch for optimal performance. We are now narrowly focused on expediting the growth of those Livewire entities that operate most economically and have shown the most promise over the past year. We will focus on our vision of applying our resources to core strategies that strengthen our competitive position in the market.”
“The entire management team at Estrella River Farms (“ERF”) is passionately devoted to cultivating the best possible sun-grown California cannabis to become the California market leader. The Estrella team is currently generating a mix of wholesale and unique “Estrella-branded innovative retail products for the 2024 market. This will improve revenue and net profit, with the expectation that our performance will also be reflected fairly in our share price,” Concludes Hodson.”
Accomplishments in 2023/2024
Produced eight consecutive profitable quarters during 2023.
Generated a net profit for the fiscal year 2023
Is well-positioned to increase our revenue for 2024 substantially
Comprehensively assessed the company's current financial position, including assets, liabilities, and cash flow.
Identified operational weaknesses and strengths, including existing infrastructure, production and distribution capabilities, and the value of the intellectual property.
Assessed market trends, consumer demand, and competition to identify new market opportunities, desirable product mix, growth opportunities, and potential areas of improvement.
ERF has improved sourcing of high-quality and best-selling strains
ERF has hired additional experienced cultivation experts, expanding the cultivation team
The first delivery of high-quality plants for the 2024 harvest is planted
The Company has concluded the development and build-out phase of Estrella Ranch in Paso Robles and will now focus on further streamlining operations and distribution for maximum results.
Plans for 2024
ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November
ERF will deliver “Estrella Weedery” branded specialty products into the retail market
Optimize cost structures by streamlining operations and further reducing expenses
Increase investment in research and development to innovate and stay ahead of the competition.
Continue to reduce debt and improve liquidity.
Explore options for raising additional capital, such as strategic partnerships or equity financing, while limiting dilution to a minimum.
Focus on high-margin products or services.
Joined the Airbnb community to develop the Ranch into the top destination for California’s fast-growing cannabis tourism.
Consider a share consolidation program to access a new investment universe.
Continue to improve our fiscal management practices to enhance transparency and accountability.
Foster frequent and transparent communication with shareholders, investors, and the public.
Regularly communicate milestones, achievements, and growth plans.
In closing, Mr. Hodson states, “The past five years' experience has strongly shaped us, as it has the entire industry. In our start-up years, we relied on standard startup business practices, such as engaging expert building contractors, growers, and distribution partners to manage and market our products. We operated in a new industry that presented us with unexpected obstacles and expenses, including unreasonable and ever-changing rules and regulations and, as the major obstacle, being subject to very repressive accounting and tax treatment. Based on this experience, in 2023, we began an in-depth assessment process for our entire operation, from “seed to sale.” As a result, we have expanded our team and revised operational structures to maximize the results from the cultivation at our exceptional Estrella Ranch facility.”
“With the beginning of the planting for Estrella’s new 2024 harvest, Estrella River Farms has now reached full autonomy and control over its destiny. Every aspect of the operation is under our complete supervision and control, from planting to harvesting and selling. By reducing the dependency on affiliated companies and distribution partners, we now have total control over the entire process and, most importantly, will be able to improve our financial performance. To accelerate revenue generation and profitability, we have begun crafting a unique “Estrella” branded products strategy for ERF as retail sales in addition to bulk wholesale flower sales. This allows the farm to command higher profit margins than bulk sales.”
“By strictly following this comprehensive comeback plan, driven by our low-cost operation model, we expect our "Phoenix" cannabis stock to rise from its current level and emerge as a successful and resilient player in the cannabis industry. With an elevated level of flexibility and focus on innovation, strategic initiatives, differentiated offerings, and a continuing commitment to excellence, we can unlock our true potential and deliver significant value to our shareholders. We expect this to be reflected in an increasing share price. For people unfamiliar with our company, now is an excellent time to get involved.”
Bill Hodson
CEO, Livewire Ergogenics
The LiveWire Estrella Weedery
Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Together with its subsidiary Estrella Ranch Partners, Livewire has transformed this stunning property into the world's first "Estate Grown Weedery ™," with three acres for cultivating high-end, organic, sun-grown cannabis products and ample room for expansion. Estrella Ranch is the central hub for all Livewire operations in California. The Estrella “Estate Grown Weedery” cultivation process focuses on the cost-effective production of the best quality sun-grown cannabis in California while generating the smallest possible carbon footprint using as few of California's energy resources as possible. Visit https://estrellariverfarms.com,
About LiveWire Ergogenics Inc.
Livewire focuses on acquiring, managing, and licensing well-qualified cannabis real estate locations of fully compliant facilities to produce exceptional cannabis-based products for statewide distribution in California. This includes developing and licensing organic-style grown cannabinoid-based specialty products and services to create the high-quality "Estrella Weedery™" brand. These products are cultivated by Livewire’s subsidiary/affiliate companies, Estrella Ranch Partners, and Estrella River Farms, and distributed by major California cannabis distributors and retailers. LiveWire Ergogenics does not produce, sell, or distribute products that violate the United States Controlled Substances Act.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com or at X at @livewireLVVV. Follow LiveWire Ergogenics on Twitter @livewireLVVV or go to
www.stockwatchindex.com/livewire-ergogenics for non-material updates.
Forward-Looking Statements.?
This release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements, predictions, and projections are inherently uncertain as they are based on current expectations and assumptions concerning the successful execution of planned events or the Company's general future performance. Readers are cautioned not to rely on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release, the Company's Social Media postings, and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
LIVEWIRE ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
www.stockwatchindex.com
info@stockwatchindex.com
LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
ir@livewireergogenics.com
info@livewireergogenics.com
Things from this mornings email from LVVV
FIrst, they had positive earnings all 8 quarters last year. I mentioned that one already, as a joke, but still, it IS impressive that they are making positive returns every quarter for two years now.
Next, although they are making money every quarter, they are still looking to do another round of equity financing. "Explore options for raising additional capital, such as strategic partnerships or equity financing" that concerns me some, as they are making earnings so why the need for more financing?
Revenues should be good in 2024. two harvests plus the 2023 harvest was late in the year and some of that revenue did not come in for 2023, so call it "2.5 harvests" in 2024. SHould be good for revenue growth. "ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November"
They are looking at a reverse split. "Consider a share consolidation program to access a new investment universe." the new and fancy term is share consolidation, but it is a reverse. I never like those, regardless of the reason. It would lower the outstanding though. I bet he would do a larger one, to reduce outstanding by a lot. LIke maybe 1 for 5, instead of 1 for 2.
"Foster frequent and transparent communication with shareholders, investors, and the public" Ehhh. ALways said, never done by most companies.
I did NOT see that they were going to pay their real estate taxes that are now a few YEARS delinquent. It would be nice to see that before someone takes the property away in a tax sale.
Still standing on the dock, watching but not a buyer. Not until the profits start showing up on the books, instead of being given to ERF as a debt owed to LVVV. I know Bill says he is doing that because of the MJ laws, but hey, you don't pay your taxes, you don't keep any profits, and you show revenue but never collect it (from ERF) so is it really revenue? Yep, still on sidelines. But watching, and hoping someday this really has good news and I'll buy back in.
My take on today's PR.
Who says Bill can't work magic? Look at this.!! EIGHT positive quarters in ONE year. LOLOL. From the latest PR that came to my email just this morning ...
"Produced eight consecutive profitable quarters during 2023."
OKay, it was a good PR. Just funny to see that though. My warped sense of humor.
View this email in your browser?
Insights from Recent Presentation & Funding Update
A lot of inquiries have been received since our recent video presentation on various topics. I feel communication and clarity would best be accomplished by responding to all shareholders regarding these questions.
I understand the frustration felt by shareholders over the current market conditions which has brought about mixed messaging in the marketplace. This has been exasperated by our recently announced funding requirement brought about by our present operating cash deficiency in allowing us to strive for a positive cash flow position in our operations. I need to reiterate that by reaching 2500 lbs of thru put in one 8-hour shift we will be achieving our initial objective of 5000 lbs for Module 1 with the addition of a second 8-hour shift. This will be a duplication of what we have already done in the current 8-hour shift as no further scale up of our process is required beyond the logistics of material handling, etc. To accomplish this, we need operating capital for additional personnel, feedstock and chemicals to give us the staying power to manage the 90-120 day payment schedule from refiners for our product.
When I mentioned that the Company is not considering a consolidation of shares at this time it was in reference to a roll back of shares. Many companies wish to reduce the number of outstanding shares this way. For example, if a company had 100 million outstanding shares and the share price was $0.10 a 5 to 1 share roll back would reduce the outstanding shares to 20 million. If a shareholder owned 1 million shares pre roll back the net value of the position would be $100,000. The rationale behind the roll back is the share price should now remain at $0.50 thus leaving a shareholders equity position the same at $100,000 (200,000 shares @ $0.50). This usually does not happen as the share price usually drifts down unless there is a strategic business rationale for doing so.
In our recently announced Rights Offering the 2 for 1 consolidation results in the same number of outstanding shares as before the Rights Offering. If the offering is fully subscribed the outstanding shares will temporarily double because of the CDN $0.0075 right exercise to 790 million shares but return to approximately 395 million shares with the 2 for 1 consolidation after the close of the Offering.
The basic premise behind a Rights Offering is that existing shareholders participate in the funding with no additional share dilution to the Company. Unfortunately shareholders not fully participating in the Rights Offering will be diluted 50% of their unexercised shares. Shareholders that do participate in the Rights Offering have the option if they choose to request additional rights at CDN ¾ of one cent ($0.0075) from the remaining pool of unexercised rights that will be available from the shareholders that have not participated.
I mentioned that our operating capital shortfall could only be resolved in three ways. Our first option is an equity raise (such as a private placement but this cannot be done at a price below $0.05 due to regulatory restrictions). The second option is a predatory loan debt instrument that would not be in the best interests of shareholders. The final option is a Rights Offering. All funding avenues were considered and evaluated, and a Rights Offering is the only viable option to us at this time. A price of ¾ of one cent was determined to be sufficient to give the Company the operating capital required (approximately $3M) to scale up to 5000 lbs per day and allow us the window to overcome the 90-120 day receivable timeline.
As already mentioned, currently we are hampered in our ability to operate at increased capacities by our lack of an adequate working capital facility. This working capital deficiency doesn’t allow us to purchase the quantity of feedstock required to operate Module One at the capacity it is capable of. The proceeds of the Rights Offering provides this working capital for us to meet our production objectives.
We have been asked about our relationships with refiners. As with any potential commercial business transaction, especially with new technologies and its related implications, due diligence is undertaken by both parties. As such, we have NDA’s in place with more than one large refiner and are presently working closely with them as well as with other commercial interests. Nothing further can be communicated at this time until disclosures are agreed to by both parties and in a format acceptable to each, especially in the revelation of competitive issues to the industry.
There has been several inquires as to the use of proceeds from our funding initiatives. Since the 2022 Rights Offering, we have also raised $4.8M in additional funding through convertible debentures. $1.9M of the 2022 Rights offering was used for required debt repayments that saved the company interest expenses
Our spending for the development of the catalytic converter business has used almost $3.7M of these funds on the pilot plant and Module 1. As discussed previously, Module 1 has incurred 4 major issues and the direct costs associated with these issues are as follows. The heating system upgrade cost $400K, the bulk loader with modifications cost $120K, the reactor manufacturing failure cost $75K and the pump limitations cost us $40K. These direct costs were unanticipated and do not include the indirect costs associated with down time and the delays in fixing these issues due to the sourcing and scheduling of the necessary independent tradespeople needed to repair/fabricate the various mechanical, electrical, and plumbing items. We would obviously have preferred to not have incurred these issues, but this is not unusual in the process of building a system that is the first of its kind. There are simply no prior design parameters to fall back on or professional engineering consultants to rely on when approaching a project such as ours.
SG&A costs, including the Vancouver research facility, are approximately $2.6M since the 2022 Rights Offering. In addition, we have also contributed almost $1M to fund Iron Bull and the Cehegin Iron Ore Project during this time.
I stress that this new Rights Offering is the final hurdle that Regenx requires to meet the operational needs to reach 5000lbs/day of throughput, and to overcome the refineries unfavourable payment terms, allowing us the time to move into a positive cash position. In addition, its important to note that as we begin to show a history of revenue generation typical operating lines with traditional funding institutions will become available to us for growth and expansion needs.
I have had many calls where shareholders have expressed their frustration with the timeline roll out and unexpected expenses that have occurred during our plant mobilization but have enthusiastically expressed their support for the company and what has been accomplished to date. I want to express my appreciation to all our shareholders for the unwavering support shown throughout this whole process. We are very close to realizing the merits of our technology journey and look forward to the recognition and value that will be forthcoming as a result.
Greg Pendura
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?
"So in my opinion was the huge market order done on purpose?? "
No. IMHO. Why not? Because the seller sold some shares high, then dropped it fast. Sold a LOT of shares at $.013X and .012X. Immediately after that ended, it popped back up. Fast. That seller could not sell and then buy back. In fact, I tried putting in an order at $.015 when it turned and was at $.0135 and rising. Didn't get them. Moved it to $.017 and still didn't get as much as I tried. It just moved past me that fast. Finally put in at $.018 and got what I wanted. But it was me and a bunch of other people buying fast and furious, and the seller would not have been able to get back in NEAR the price he sold at. He couldn't do well with limit buy orders in either, as he would just be on the selling AND the buying side, to no avail. It did not continue down after his order stopped filling (less than 90 seconds). He didn't scare others to drop it under a penny, as the buyers came in too fast. Normally when a market order happens, it does that. It is a sharp V shape, and the seller can't buy back in even if they want to. They were not cleaning out the other sellers and buying, as their sell order dumped it all the way all at once. Then, it was a rush to buy and I think those who put in at market got lower prices than those of us who tried to put in at limits, as it blew past us too fast.
SO no, the sell order at market was a mistake - not done on purpose. Again, IMVHO.
AN update is out from the company. (I haven't looked at it yet)
"What's unusual is no cannons have been found......"
Inaccurate. FYI.
NOt found by SFRX, but yes found. Won't say more.
Misquoting the law? An attorney doing that? Say it isn't so!
" if SnL in the USA had more than 100 full-time employees in total before closing Provo"
Just bad advise I guess. Here, I'll post this for you -
"Exceptions to the WARN Act
The WARN Act is not activated If a plant closing or a mass layoff results in fewer than 50 workers losing their jobs at a single employment site"
Neither Provo nor Viriginia had 50 or more workers. Thought you woudl know that, since you tried to (purposely misquoted??) mention the WARN act.
"How is that possible ?"
Either a settlement between market makers from yesterday's trading (it happens when it trades fast and sometimes a MM ends the day long or short without wanting to be. Or didn't settle with another MM on a trade. Or even just missed by one digit when adding up some trades, which is why it is 100,000 exactly) or a private sale that crossed before the market.
Not a regular trade, as you can't do extended hours trading on this stock.
The Private share seller is making his stand at $.0119 today. Lots of trades, still showing only 10K, and sticking firm. Depending on whether GTSM is the final MM or not, we might see the T trade come in at $.0119 at the end of the day. traded a million shares there and not busting yet. Good that we hvae buyers though taking those shares from the seller.
"Damn Market Makers !!!!"
SOrry dude. T-trades almost never are caused by market makers.
They are private shares being sold for the first time, and then reported a second time after closing as one MM settles with the other. I have sold numerous companies, including this one, where they showed up on t-trades. If a stock is decreasing in value and has t-trades, it means someone is selling and knocking it down. If the stock is still rising, like this one is, then it means the seller is slowing the ascent, but still is a positive event, because it means when that large seller is done it can move up faster, as buyers obviously are still buying.
Back to lurking. I don't like posting much
Second T trade in a week, NOw we know why it has been held down below a penny, including today.
912K in T trade shares. dissemination and still rising. A very good sign.
"The link you seek is a sticky post."
Watched it.
Thank you
" the company CEO places an absurd value of 15 billion dollars" Agreed. Although I haven't heard the company saying that in the past few years. Just you and a few of the other bashers. I believe he is absolutely wrong in that number though, and wouldn't mind a link to where he said it. I personally have not been able to see that statement made by Kyle though. I believe you that he said it. Just haven't seen it. Do you have a link?
"a shipwreck devoid of cannons " I do not believe this shipwreck was devoid of cannons. See? " Or perhaps you might want to believe that they salvaged the cannons with total disregard to the tons of treasure which is now under worm poop. " I can't comment on that, and no it's not from the company, but I believe I know what happened to the cannons. Before SFRX got involved.
"again in my OPINION." Perfect. Yes, you have an opinion, and yes it is negative. ANd in some things, you are RIGHT. But in some, we do not know, and it is an opinion. One you have with a negative bias. therefore, you are a basher, or a bear. Others are bulls. I myself am more neutral than either one. Just gald you admit you are offering your opinion, instead of saying you are only offering facts.
SOmeday we will talk about the cannons. NOt today, not here. For now - best to you. Diving anything of interest lately?
"I'm not bashing. Just presenting facts"
Come on. At least own it! Yes, you are bashing.
IN fact, in the same short post, you then write ""the Kennedy, Reynolds folly of there being tons of treasure just waiting under the worm poop" Calling it a folly when you do not know if there is treasure there or not ... is an opinion, not a fact. a negative opinion, and one you are entitled to. But yes, it is bashing." As are MOST of your posts.
Yes. Call Kyle for that.
"This back from Tristan.
"Bill is taking care of it.""
Sad to say, but I received the same response numerous times.
From February 2023
"It is on the list and shall be paid shortly"
From May 2023
"I was told it will be taken care of 100% of course. I wish I could get a date but it is a top priority. "
Top priority yet another year that came due was added to the total delinquent amount.
From September 2023
" "
(Which is to say no reply on the Real estate taxes issue or my question about it yet again.)
From December 2023, (After I already sold, in November and posted that I sold in post 74,000) I asked about this too, which was a post on this board. I still follow the board, even though I am out. hoping for something to change, but will not buy in until something does.
"He is listed as a creditor on the financials. His message stated that Bill is refusing to pay him what is owed. He already gave Bill an extension. That Bill will be in default of the pay back date shortly. Bill is claiming LVVV does not have the money.
He said the date is coming and if Bill does not pay him. He knows his money is gone for good and he will be making sure that no one is making a dime off of LVVV. He has a plan of action and it will take Bill, the Board and LVVV completely down."
I received no answer on that question either.
But if he is refusing to pay a debt and that person is going to force the issue, then we have problems. As for the real estate taxes, it IS commercial, and after 3 years (2025) it will go to auction if not paid. Because someone (ahem. cough cough) will push the issue with the county and show them that this is commercial and needs a 3 year timing, not a 5 year one. then, see if the property can be bought at auction. It would be bought for taxes due, and whatever it takes to outbid other potential buyers. Then, owned free and clear, with no liens, no loans, and nothing to stop a positive cash flow from the land. Buying tax deeds is VERY profitable. Let's see if they let it go to three full years. It is at 2 years now. And counting. And in spite of Tristan saying it will be taken care of soon, that is the same response for over a YEAR now.
There are very few brokerages that will allow that type of share to be deposited. I know you already know that, or you would not be asking. As for those that DO accept these type shares, I can recommend two. First is Wilson Davis out of Utah. They allow a deposit, via DWAC or DRS depending, and you will need an attorney letter showing they are Rule 144 or Section 4(a)(1) eligible. They are expensive, but that's the price you pay for this type of investment. The big firms of course do not allow you to deposit these shares, period. The second is Scottsdale Brokers, although I have not used them for years and don't know their current requirements. I use Wilson Davis, and have used them for SFRX stock in the past. Hope that helps
California is a tax deed state. On a residential property, the owner has 5 years to pay back taxes, and if they do not the property is sold at a public auction to the highest bidder. They do not sell tax liens, like many states do. And commercial property only has 3 years before a sale can be scheduled. Taxes can be paid right up until the day before sale and the redemption would cancel the sale. FYI.
Talk about changing what someone writes! HA!
"Then we got into the threes and then you said it will not go below the threes and now we are in the twos and you are now saying it will not go into the ones. Priceless" Never said that. I said I did not think it would go INTO the threes, and then it did. And I wrote that I was wrong, and I sold. When did I say it would not go into the two? And even this part is wrong. " now we are in the twos and you are now saying it will not go into the ones. " Didn't say that EITHER. You are saying it will be at $.0001 in two weeks. That is not "in the ones". That is in the "zeros", since we are talking the third digit over.
So to recap - I said it would not go into the 3's. It did. So I said I was wrong. You then just wrote that I said it would not go into the two's, which is a lie, and wrote that I said it would not go into the 1's, which is a lie. From here, it might, since things don't add up. So I sold. In the 3s. Lastly you wrote "Sorry. I do not take investment advice from someone who refuses to see the writing on the wall" and yet I saw the reality, wrote about seeing the reality, and did what a normal person would do when they see the reality. Sold. Yet somehow, my saying it is in the 3s and not doing well, I was wrong in thinking it had some support, and I am out, (post 74000) means to you I am in and saying it can't go down any more. Wow. Deal in reality dude, at least when talking to others on this board. Okay? Now it's time for me to deal with ones I AM still in, not one where I admitted was not doing what I wanted it to do and which I sold. In spite of your thinking I said the OPPOSITE of what I truly said. Yep ... reality. Give it a try once in a while.
You are a bear. But at least you ask logical questions, and also are not TRYING to MAKE it go down the rest of the way. At least not that I can see so far. SO, let me answer.
"What if LVVV goes all the way to zero with out Bet Max help?"
Then it sucks for all who own shares. It ALREADY sucks, but it would suck even worse. And BIll should be prosecuted, if possible. i AGREE with all that. But I'm not TRYING to MAKE it go down to $.0001 by destroying it all, and burning the company to the ground while it is still struggling to try to stay afloat. If it goes from .0024, where it is today, to .0001 in two weeks, based on a filing by a vengeful person, then 1) that is mostly on Bill, since he has screwed around with the company with the loans and the books, plus 2) it is partly on the one who makes it go down by doing the filing. NO, not from $.04 to $.0024, but yes from $.0024 to $.0001. Because they made it happen, and cost whoever still owns the shares to lose the REST of their investment. Out of petty vengeance and DISREGARD for OTHER'S money still invested in here.
"Hope you didn't bet the entire farm here and have fund growing elsewhere"
Thank you for your concern. (Truly, not sarcasm). I wrote in a post a while back that it was not acting as I wished, I was wrong in my original analysis, and I was therefore selling out. (post 74000) And I did. And yes, I too hurt the price, as it went from $.0032 to $.0028 during my selling over two days. That's what happens. Stocks go down when people sell. But I'm not going after Bill UNTIL it collapses, IF it collapses. To MAKE it collapse is to hurt others, and like you I don't wish for people to lose all their money. If they do, and it happens, THEN it is time to go after the principals. Not BEFORE, where you MAKE it drop another 99% from what is left even today. Big difference. Anyway, I took my loss, didn't bet the farm (most of my stocks are big cap. Only three penny stocks, and doing poor on two of them. Well ... did poor on two of them. One doing well. Still will stick with bigger stocks though in the future ) and not trying to scorch the other investors' money just to be vengeful and show that I am an angry person.
Hope you are having a good year. Other stocks (NASSAQ types) are having a great year, so if you are there it has been a good run
YOu really live in a fantasy world at times, don't you?
Two statements that are nowhere near what people would call reality.
"In two weeks it will be down to .0001 "
Doubtful. The price sucks, and the unanswered questions are mostly the reason why. But you think it will drop 99% from here to there in the next two weeks? ONly if you are filing with the SEC and shut it down over the next two weeks. Hurting every single person who still owns stock today. Your scorched earth policy you keep referring to will hurt others, and you could not care less. Nice. Yes, that is sarcasm.
"This is not in my court Bill, this is in yours. Do not blame me for the scam you have pulled."
Who are you talking to? You respond to me, and talk to Bill? I'm not Bill, nor have I defended him in my posts since I said things don't add up and I was out.
At .003 and .0031. I did what a normal person would do. It didn't add up, so I got out. You however are going to cost everyone ELSE that owns shares the rest of their money, and then say it is not on you. Can't talk logic against that. "1) I am going to take it down. 2) I am a scorched earth guy. 3) I will take it down to zero. 4) It is not my fault if it goes down though." Yeah right. Lastly - in your post to me you are talking to Bill?? Not my name, not me. And he is surely not reading this board. Shoot, "I' rarely read this board anymore, since I own a zero position and have no reason to, except for seeing if anything positive or negative is released every week or so. So you can stop talking ot Bill when you are talking to me, as he knows nothing about me. Or probably you too. lol. Try to keep it together, Mr "I have 87 positions in my portfolio" and try to not hurt OTHERS just because YOU are a vengeful scorched earth kinda guy. Move on if you found out a PENNY stock is not treated like a blue chip, or to your liking, and deal with your other investments, like (here comes that word again) a NORMAL guy.
"Now the problem for Bill, marijuana farms get close scrutiny, any questionable issue can bring upon it an investigation and a probable rescinding of the permits.The problem is a guy like me, I believe in a scorched earth policy, I will use the law, SEC and anything else available to burn LVVV and Makana Ola to the ground "
Sounds like the problem for the shareholders, not for Bill, but the shareholders, is ... you. You are going ot burn LVV to the ground, thereby taking it to zero and costing all the shareholders on this board all their money. Regardless of what they have lost already, or the hope they have that it will turn around, you will burn it to the ground soon. Hurting every single person who still owns shares, all the way to zero.
And you are bragging about the fact that you are going to destroy all these people's invested money.
SMH.
You try to sound smart, but your advise is terrible.
"Only an amateur sells when the stock is worth 1/10th of what you paid for it. The money is gone so why sell"
Actually, it is SMART to sell if you are down by 90%. Example ... you buy $10,000 and it isxworth $1000. If you hold, and it DOUBLES, you have $2000. If you sell though, you have a $9000 loss. At a 35% tax bracket, you reduce your taxes from other gains by over $3000. Better than a $1000 gain.
So to say only amateurs sell is TERRIBLE advice. But nice try, trying to sound like you knew what you were talking about. Wrong... but nice try.
"Thanks Bill , err Jrf30 for your response"
lol.
" I am wondering why you so endlessly defend the poor management and possible embezzlement of the funds. "
read my post again. I don't defend ANYTHING the management does in that post. I'm saying the SEC would not investigate it with what is known right now. talked about the SEC thoughts, and NOTHING about management. You didn't comprehend my post at ALL.
" I am not sure why you are so defensive."
I defended nothing. Not a thing. ONly said the SEC would not investigate and it is not worth complaining. That's not saying I'm defending them. Just that no case could be made from what is known.
"So you are happy with no accounting for the two million? You think that's acceptable?"
Nope. So you can stop pretending that I am
" I am a big boy and have over 78 others investments in my portfolio."
Second time I have seen you mention this. LIke that means something??
"You may be naive but no one is that naive"
And yet, since my whole post was just to say that the SEC would not investigate with what you mentioned as things wrong, and I have seen more corruption reported and NOT investigated, I don't see where the naivete would come from either.
If you have 78 investments, SELL this one and move on. I say that YOU are defending the company - by your ownership. You say they suck, but you buy a minority ownership position in the company. Sounds contradictory to me. I don't like ANY of what is happening. WHich is why I flat out said I changed my mind on this company. You still support them with your money, but bash them with your words. Fighting against yourself. doesn't seem logical. And then you wish to complain to the SEC, which would do nothing but harm your own investment even MORE. Seems you don't understand that the concept of investing is to MAKE money. Not bash your own investments.
Anyway - enjoy your thanksgiving. You can get back to bashing your own investment again tomorrow.
Bill. I mean Jrf30. lololol.
.
"Thoughts on the Q3?"
Glad it is not at $.0020.
Profit yes, but revenues for 3 acres the same as revenues for 1 acre? Odd.
They keep making profits, but the real estate taxes are still not paid, and going up pretty fast in amounts due. They seem to be giving their profits away to a related party, and not getting paid back. Would like to see a LOT more about what that is all about.
Some good things, but too many contradictions to feel good about the report. Even with the increased earnings.
imho.
There are no tax liens in CA> Many sates have them, and I buy a lot of them, but CA doesn't. After 5 years from default date, the county has the right to sell the property. Even then, they do it as an auction, not just for the taxes, so it would go up to somewhere close to retail value, with the excess funds from the tax bill going back to LVVV as proceeds. FYI.