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I’m looking for news.
Franchising is an interesting option if not considered. Do you guys realize that although we sold our Ohio property, we maintained the license?
Liberty followed the rules set out by the state that required tight controls on licenses issued and the requirement to cultivate, process and distribute through state appointed dispensaries. Changing the game at this point would be very unfair to Liberty. The licenses alone were millions of dollars. To me, it’s akin to the medallions issued to taxi drivers in NY that sold for as high as $1M and then Uber drivers are admitted without the expense of acquiring a medallion. It’s a difficult decision for the state government and that’s why it’s going to be heard at the state’s Supreme Court. There are other issues as well.
My other concern is FL Supreme Court changing the rules on distribution. They have agreed to hear the case.
I read somewhere that book value is worth .47. That being the case, anything around today’s pricing should be a steal. As far as future dips and opportunities to buy, that’s the story with LHSIF. I’ve got my avg down to .45 and change. I’m looking for a few more shs and then I hope I have the adult discipline to stop buying!
Mrone, were you able to get your shs today? I figure if you keep buying, you’ll have enough to appoint yourself as CEO!
We finished ahead of the pot stocks I follow. Pretty amazing considering the buy-sell ratio today. What do our charting peeps say is in the cards for the near term?
I had powder set aside for a day just today. Was able to nab another 10,000 shs at .4159. Time will tell.
There are def some players in the group. It’s going to be interesting to watch the sp around those dates.
I don’t know that it will impact the sp but it sure can’t hurt us!!
Jan 17 is the beginning of the option expiry date. Over 7 million shares will expire worthless by Feb 22 if price does not exceed about $1.25 US. After the Feb date, the sp is free to find it’s fair market price without costing s/h’s paying for peeps no longer affiliated with Liberty.
Today is the final day for 2019 tax harvesting. So, selling pressure and buying opportunities.
Merry Christmas Mrone and to all!
Bradenton opens Monday!
What time are the new FL #’s posted?
Looks like we’ll close at .44-.45. Just happy to see GREEN again!
Good for you!
Mrone, you chose a good price at .41. I was lined up at .40 and didn’t get exercised. Would be very happy with a close at .46 or higher.
Tks Mrone. I trust your judgement. As far as powder, I’m ready to buy, too. My comment is that we’ve seen a huge correction.... about -25% from recent high. Although light yesterday, Shorting continues. Huge Warrants/Options nearing on those no longer affiliated. Trulieve slammed with bad news. None of which can be reflective in charting. Everything Liberty is strong. Can’t imagine dropping to .38 but Liberty has not been easily predictive.
Mrone, what’s your take on what’s happening with pps?
Mr. Market maker, tear down this wall!
Well, I hope we don’t head there but if we do, I’ll be buying again.
Ouch, that was a rude close!
Just curious... what kind of multiple of revenue are using to say $4 p/s?
Actually MMs can do that all by themselves. Thank you for your confirmation.
LOL. IMHO, it was NOT normal trading. I was trying to buy shs today and had my eye on my Fidelity live trading account all day. There was an unending wall at .56. When torn down, 80,000 shs routinely took their place. I was asking Mrone if he happened to notice.
Sry, drop the dollar sign on 3,000,000 shs!
I am under the impression that the number is manageable and can be absorbed at the retail level. My best recollection is in the $3,000,000 - 4,000,000 share range. That madness should be over soon.
The family that bought out the Aphria (sp?) shares at $1 is our saving grace in my opinion.
The warrants (or options, whatever) coming up next are Vic’s. Hopefully he can make a few bucks on them.
This conversation started with the line in the sand at .56. Without overwhelming demand today, the share price had no chance to advance. Full disclosure, I bought add’l shs today at .56.
I’m more apt to follow your latter thought. Without having to dig too deeply, do you have an estimate of how many shs were issued to the earliest investors at .06?
I don’t find fault in your analysis but you didn’t really address my point.
OK, but today was the only day recently that looked like this. We’ve gained or at least had opp to gain .02+ most days recently. Today, as soon as shs at .56 we’re used up on the Ask, several new shs at .56 followed. This isn’t nefarious necessarily, just odd timing to me. I remain Very Bullish on LHSIF.
Mrone... if you’ve been watching closely today, would you agree that there’s been significant effort to stifle trading above .56? That’s surprising at this point in the game.
Best to you and yours! You’ll be missed.
You are probably assuming I have more shs than I do. My buys have been in 5,000 - 10,000 increments. I’m not big time. So, if together we have that many, you own the lion’s share. It’s still a minor player in my portfolio.
I bought this as a short term play. I’ve held longer and own many more shs than I planned. At this point I’d like to own 2x’s as many.
That’s painful. I bounced in at .81 but bought as it sank. Next purchase was at .68 as I recall. All other shs in the money. Again, I have a Long view (even 3-4 years if we aren’t bought) and I’m Bullish. I’ll continue I buy as I think I see opportunity.
Actually, I’m softening up. I believe that $1 is extremely realistic in the next 3-4 months. Not from Shorts covering but from good old retail demand. I slapped the Ask at .5278 recently. Will continue to seek opportunities to Buy.
I had visions of continued grandeur when we hit .571 early in the trading day.
Just noticed a 73,000+ Buy at just below .56. Just say’n you might be right. That big Buy brought the pps down. I’m beginning to realize how much I don’t understand.
We haven’t had a single new “yellow sticky” in almost ten months. Considering everything GREAT that’s happened during that period, it’s very sad. Wish you would become a moderator in any role!!!