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Yes, it is far too low. There is a lot of discussion about the buyout on Facebook's United Liberty Shareholders Group. More than a few feel that AYRWF did all they could do to manipulate the stock price for an extended period of time. After that, Liberty was an easy cheap target. Ergo, a good deal for them. Approval requires a 2/3 majority vote. IMO, it looks like AYRWF has acquired 29% of the stock. They may allegedly have the Surreyas in the loop, too. Millions of shares there. Still, I doubt if all together they have 2/3 of the 350M shares. Some think AYR will do wonders with Liberty's assets. Others say not so. It's a stock for stock deal. No cash involved. AYRWF share price may not hold up after a number of dilutions i.e. several simultaneous buyouts. I am currently a no vote. I feel Liberty could thrive if and only if there wasn't so much outside and inside manipulation.
I also read other Liberty boards. Some think that insiders have more to gain from the merger, such as further compensation. The PR states that there are 29% of shareholders that are already on-board to approve. Of course, 51% need to approve the merger. Long story short, some shareholders feel it's not a good deal. In fact, if you go to Facebook's Liberty Shareholders United, you will see much discussion on the topic. So, some feel the pro merger element is buying up shares in order to gain the votes. If you plan on getting out by selling, wait until March. There may be a buying frenzy.
James Baker stated it should close end of March 2021.
I agree. Some big-time pumping and dumping going on. 43 million shares is mind-boggling. Already 7 million shares in volume today. The V1.25L iteration final phase is a 3-month trial run. All hinges on the outcome. Perplexed that the company remains quiet through all the uproar. I expect it may sink lower than $2.00 I sold some out of my IRA acct. I hope to reaccumulate at a lower SP.
You noticed 43 million-plus shares changed hands. OMG! That's approx. two-thirds of the outstanding shares. And certainly with all of those shares, some of the Institutions had to unload; it's that time of the year for pension funds, etc. to consolidate their holdings. However, others are coming in; someone(s) are buying. Who knows what's driving this? Best case, I contend that AQMS is high on the volatility index, so expect some more ups and downs, IMO. Or worst case for us longs, are we in the midst of a buyout/takeover?
Not a mention that I could find. Debt free!
Hopefully, the next OMMU report will confirm that Liberty addressed that grievance.
Why? Their sales tanked. However, they hooked up with SeedJunky, and the new collaboration product is getting a great reception in the LHS retail stores. The weekly OMMU report comes out on Fridays. Today's report could be telling! To get report Google: OMMU weekly update.
A new product is being harvested. IMO,3rd QRTR may not turn much of a profit, but watch out 4th QRTR.
Could be? Hopefully, the class-action suit will be dismissed soon. I hear Liberty came out ready to fight with some heavy-duty attornies. Ridding themselves of that black cloud over their head will clear the way for more recovery. Really, there is only one SSO that is truly profitable - Liberty; and one MSO for that matter, Truleive. Which has more room to grow? No brainer!
Excuse me, 1.5B shares; $80M profit. That should be $.0053 per share income. Feel free to correct me.
I am new here and I want to thank you for your well thought out analysis. Yes, the sheer number of shares is a major consideration. I am no stock guru and please correct me if you think I am wrong but IMO, once NEVDF reaches full production, which per NEVDF financial's forecast makes for an estimated gross income of $80M, the best we can hope for at today's prices is an income of about $.53 per share. And that's not the "Net". But with copper, gold, and silver prices doing so well, maybe more. I do expect Nevada can get to break-even much sooner than expected with these crazy prices.
Keep in mind that they are option shares. He has to pay $.43 per share if he executes.
Interesting article on CBD and COVID-19
Researchers Looking at CBD to Treat COVID-19 Lung ...
https://hightimes.com/news/researchers-looking-cbd-treat-covid-19-lun
And let's hope that any move up is sustainable. I've been around for quite a while,and I have been able to average down to approx. $.47 per share. Way back when I decided to make a choice between Liberty and Planet13. Here I am! Planet13 is in the $2. range!
Can anyone confirm if we can expect Q1 Financial Report at the end of the month?
The volume is good so far today! Above average.
Does that make 27 dispensaries?
That is excellent news. Number 2 in flowers Volume sales!
Holding an SP better than many of us thought. Great Volume! One of these days Alice, "Pow right to the Moon". Let's hope. (Remember The Honeymooners featuring Jackie Gleason?)
Thanks, tikotiko. Liberty I noticed is up at the top with the big boys again. Someday, we'll gain momentum.
IMO, keep adding.
Yeah, I don't see a split. They did that once. With 300+ million shares, I don't see a buyout either. Liberty management doesn't want a buyout. They're growing this company! I do think that we're going to see more value with a good profit in the next reported quarter. SP was in the US $1.20s two years ago; US $.60s one year ago. Somewhere in between those two numbers would be nice. Profits were up 400% last reported quarter. I plan on holding until approved legalization - 2022!? Real money to be made if they keep doing the bang-up job that they're doing at the present time.
Yup. Back down to the usual. Lower volume than normal so far today. We may get a little bump when the annual report is released late June. This stock is undervalued. Some day????
New Cannabis Ventures posted a rankings chart for both US and Canadian Cannabis firms. Liberty seems to be about 11th in revenues per the Canadian rankings. If you peruse their various links, they speak to a move toward consolidation within the business due to the economy. Who knows what can happen? Note they say the next ER will be towards the end of June.
https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
I believe Liberty is now a solid and upcoming company. But know in its inception, there were parties who made a fast buck. Here's an article on some of the LHS founders and their questionable conduct. Many wonder why the SP makes very little gain. If you paid $.01 a share, wouldn't you sell at $.30.
Here's the back story (I hope the link works). You may have to cut and paste.:
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1em87j7-2019-08-24_TheStoryOfLibertyHealthSciences-1.pdf
BTW, I went to the ACB Investorhub board. There is a PR re the split. Basically they did the reverse split in order to not get delisted per the SEC regulation which requires a NYSE Corp. maintain a SP value of $1.00 or more. ACB did a dilution back in May '19. They raised a ton of $ and had approx. $200M in cash on Mar. 31, 2020. I hope the move works for them. The sentiment on the board is negative. Liberty has issued 300M+ shares. I can't see a reverse split being more than 4-1. And, although I don't see many advantages for a reverse split, it would bring the SP up and possibly attract a larger following. Just food for thought. Truth is, I am hoping for another good quarter and that the SP moves up on good news.
Yes, I am afraid that you both are correct. I'd rather see Liberty not go there. With the split, the computation makes Auroria go from $0.75 to $8.75. A ridiculous move!
Perhaps you all have heard that Aurora Cannabis, ACB, has announced a 12-1 reverse stock split to be initiated on or around May 11,'20? The split will take them down from approx. 1.5B shares to 110M. ACB is at about $0.75 today. Could that encourage Liberty to make a similar move?
You're correct. The annual report did take 4 months after the end of the fiscal year. But the quarterly reports have been more timely since then. Anyways, we have a window - some time commencing from May through to July. I want to add more stock at this price, but there are so many good buys out there.
I am looking forward to the annual report, which should be coming within a month or so. IMO, by showing two consecutive qtrs of growth in avg volume and expanding profits, we could get a decent bump in SP. It's got to make for some good PR, which will get the word out.
We're hoping they'll get it out sometime in April. Their fiscal year ended on Feb.29,'20. Although they have been known to take their time?! It should be another great quarter; second in a row!
LHSIF 52-week tracking is low, but down only 60% compared to: Tilray - down 96%; Aurora Cannabi - down 93%; Canopy Growth - down 81%: Cronos Group - down 78%
See Article on CNBC's websie by Michael Sheetz
"The market crash hit the bull market's cult trends like pot and alternative meat hardest"
A down day for most marijuana stocks w/ the exception of LHSIF - up 4.0% It appears the press release(s)is getting the word out.
Way to go Investorhub followers. Really great data and updates are being put forth on this site. Thank you! I've been invested in Liberty for some time now. Been a bumpy road with the former CEO's legal problem and the short's allegations. Slow recovery but coming back. Looking forward to the annual report in April or so.
The author of this article missed one key point. Liberty has paid down 1/2 of the $12 million debt several months ago. It's great to see some positive PR.
Can anyone guess when we should see the end of the quarter financial report?
Well, the drone attack has already impacted the Saudi's oil output. I guess you know the Saudi's produce a good percentage of the World's oil. If Iran is behind it, I suspect we'll see retaliation. Let's hope it's resolved peacefully.
It's holding so far. However, I am a little worried that we may have an international crisis, Iran/Saudi Arabia conflict. That could impact the stock market as a whole and likely Liberty even more; especially if the US gets in the mix. Oil prices/gasoline will spike significantly. Disposable income will become severely limited. No dollars for the extras! We'll know soon.
Bill Jay, I think we need to keep in mind that the site in Nevada is a prototype or model of the break-through lead reclaiming technology developed by AQMS and partners. Versus smelting, it's a more efficient, cheaper and much more environmentally friendly process. If they get it right, Clarios and other national and international manufacturers of lead products will want to enter into licensing agreements with AQMS. If it takes a little longer than expected, I am okay with that as long as they get it right.