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What News? I can't find anything new, but something is driving this over 50MM shares sold already today. Plus the quantity of each sale is pretty high. Now up over 75MM shares traded.
Has anyone heard how Todd's keynote speech was received yesterday?
Here is part 1 of his tweet:
@RyanFishoff
15 Nov 2018
1/2 Just a side note while I get ready for day 2 of #MJBIZCON - the Company posted interim financials today to remain complaint with @OTCMarkets and avoid yield sign. The sales and balance numbers still need to be reconciled so THEY ARE NOT the final q3 numbers
It's not something that should be a major worry, as I have seen companies revise their numbers and update their reports all the time.
As this is a very small company without any employees it doesn't surprise me that Ryan didn't have time to put the report together especially when you look at all the traveling he has been doing lately and all the deals he has been trying to finalize. Putting out old numbers is probably the best thing to do to avoid have a yield sign slapped on the company by OTC.
what disappoints me is that he didn't follow through and update the numbers within the new few weeks like he said. Hopefully this gets resolved with the next report.
Also anxiously waiting to see the numbers since he tweeted in November that real numbers were better. Keeping my fingers crossed.
No. Ryan had split his tweet into two parts this was 2 of 2
the date and time of the posting was:
7:22 AM - 15 Nov 2018 from Winchester, NV
On Nov 15th Ryan tweeted the following when asked why the numbers haven't been updated yet. This was a few weeks after the release of the report.
2/2 the sales numbers will be higher and the debt number will be lower than what's on the interim report. The Company projects it will take about 1-2 weeks to finalize these numbers and will update when they are ready. Thanks for all your continued support
7:22 AM - 15 Nov 2018 from Winchester, NV
In this response he calls it an interim report; this may be a way around the report being filed with inaccurate numbers.
I'm just telling you what he(Ryan) put out in his tweets to a question that was asked back when the report was filed. He also tweeted that updated information for the report was forthcoming in a couple of weeks at that time. Last week he answered, again on twitter to a question, that the filing for that quarter would be updated with the upcoming quarterly filing.
I'm not positive, but I believe that filing is due at the end of March.
It was Ryan himself in a tweet that said he filed the report with non-current data to keep from having a yield/stop sign attached to the stock. However he did say that current information would be submitted within two weeks. That was months ago, and now he's saying that updated information will be filed with the upcoming quarterly filings. My understanding is that will be filed the end of March.
First you need to deduct the shares that are frozen and at the DTC to get the real number of trad-able shares. I believe these will ultimately be retired or put back in treasury. Anyway at this time they are dead. Then I assumed a PE of around 12 to get to the .02 to .03.
with a reasonable multiple that should put the share price around .02 to .03
The other wild card is CANN10. I don't see them going along with anything if they haven't done their DD. They must see some value in bringing Todd and H360 into the fold, and he was instrumental in the Virginia project.
As of now we still don't know the plan that CANN10 has for BLVD. My hope is that there is a master plan that includes CANN10, BLVD, and the other entities that CANN10 has around the world. It could unify all the products and offer consistency worldwide. That could translate into some real revenue. To do that however they need distributors and salespeople. Maybe these conventions are a way of getting there.
I'm giving it a little more time. As of right now I'm still in the green.
Your'e right the CC was a big bust. The only excuse that I could accept is that they were so busy with the upcoming convention that they didn't have time to prepare for the CC.
However, having been in business that excuse would never fly with me. If you commit to something, you better get it done or don't commit.
What makes it worse is that Todd even postponed the call a week with the reason that he wanted to make sure all questions were submitted and addressed. His being a military man and not following through is very disconcerting.
I have a pretty good size position in the company and want it to succeed. When it was announced that H360 was doing a RM and I read Todd's resume there appeared to be hope that finally the company was heading in the right direction.
I'm keeping my fingers crossed that Todd can still right the ship, but he's squandered a lot of the good will he brought with this CC.
Being tired is no excuse for the pathetic CC that I heard the other day. It was as if they remembered 10 minutes before the call that they had a call and because they were not prepared decided to give the same BS that they gave on previous interviews.
Lets just remember a few things:
1. They had weeks to prepare for the call.
2. They asked for questions to be submitted in writing-which I did.
3. They postponed the call and extra week-according to them to make sure questions were submitted and that they would all be answered.
4. They were going to issue written responses to all questions ahead of the call.
Instead we got this nothing-burger without any beef.
If you are going to run a company regardless of size the first thing you do is follow through on your commitments.
I'm still hopeful that this call was an anomaly and we see improvement, but this was not a positive start with the new management.
I hope Ryan does more than just drink champagne and party while he is in Europe.
Another day, another post from Ryan, and the stock price drops again.
When will it end?
Just listened to the call, and I must say I was underwhelmed. Both Todd and Josh seemed unprepared, and didn't really answer questions regarding the issues facing the company. Instead they answered questions that have repeatedly been answered in previous shows that they were guests on. The issues of the stock structure, the restricted stock and stock at the DTC wasn't even brought up. And they really didn't explain their plan going forward and how it was going to bring in revenue.
If they have these calls monthly, as they've said, hopefully they will address the concerns that have been continuously discussed on this board. I'm sure that many questions were submitted. I know I submitted questions that were not addressed. The fact that they didn't post the questions and answers in advance, like they said they would, is not a good sign.
We still have hope going forward.
Sorry to see you go KAM, You kept things in perspective; hopefully someone as level headed as you takes your place as a moderator.
Good luck and may all your investment decisions find profits.
That's my point. We don't know what the revenue for last quarter was. Ryan just filed the report without updated numbers to keep from getting a yield sign put on the stock. At the time he said updated numbers would be released in a couple of weeks. We're still waiting.
My hope is that this coming quarter real numbers are released showing a big increase in revenue; since that is what he said in a tweet.
Of course the worry is that he didn't file a real report last quarter. That is just inexcusable regardless the size of the company. On top of that he didn't follow through with the updated financials or an explanation of why they weren't updated. He tweets about his trips to the Super Bowl, he could have tweeted updates about the financials.
Hopefully he doesn't just throw numbers out there like he did last time to avoid the yield sign.
It would also be nice to get updates on all these deals he's doing. Are they still in place, has any progress been made, how much product is being made, etc.
Ryan just telling us he's going to this convention or that party doesn't build a company.
Waiting a little longer to see if Ryan puts out the financials. These were promised a while back. Maybe the deals he's working on will result in something positive.
This looks like the same old story; the company puts out a press release or Ryan posts news on Twitter and the PPS goes down.
Maybe if they would stop putting out BS and post updated financials the PPS would move in the right direction.
Looks like we are off to a good start today. Hope it can hold gains.
Looks like we are off to a good start today. Hope it can hold gains.
You have to be careful with the wording that was used. The whale probably didn't actually buy at .40 cents per share; The whale may have only lent money to the company at some price (.03 or .04 cents per share) with the expectation that he can sell the shares at .40 cents when the price reaches .40 cents. Until then the whale may be stuck with the shares. Of course not knowing the details of the deal (because its secrete) the terms could be anything. There are a multitude of different ways a deal like this could be structured, unfortunately not many would have the whale paying .40 per share.
More likely a 1 for 5 split if there is any. With all the extra shares that have been issued lately if Ryan is still planning on up-listing as a fully reporting company he may be forced into a reverse split.
Although I agree with what you say generally, I think that H360 has already done their DD with regard to BLDV. That's what the negotiations have been about the last few months and why we haven't heard anything from our critical thinker. If H360 has not finished their DD I can't see them posting Josh's picture on their website.
It is more likely that H360 and Cann10-Israel has come to an agreement and they need BLVD to go public with the RM as you said.
We can only hope that part of the deal is that Josh surrenders control as part of the deal; I would expect that if I were H360 or Cann10. However they have to give Josh something in return, hence the position in the new entity.
I don't really see that it matters if they change the name or not as long as they have a plan going forward that makes sense. Hopefully we will find out on the 12th.
Exactly.
That's why I think that this is a done deal. If they were still in the honeymoon stage they wouldn't list Todd as the new CEO and they certainly wouldn't announce a conference call in the next two weeks.
This deal looks like it is a done deal; otherwise why would Harvest list Josh on their website, and why would they publicly announce the new corporate structure with the new CEO etc?
I guess we will find out more on the 12th.
Until Ryan releases the latest financials like he promised I'm afraid that news will have little effect on PPS.
The sentence you quote has an ominous ring to it, but I don't see how this would apply to BLDV,
BLDV is not an Israeli company, and is not investing in an Israeli company.
Even if it did I doubt it would approach 5%.
As I see it Cann10-NA is currently a US company and Josh is offering some percentage to an Israeli company for this merger (maybe it will happen this century). There does not appear to be any limit of how much a Israeli company can own of a foreign company.
I don't believe that HIPH is a P&D, but without financials showing progress in sales and heading in the right direction a large percentage of potential investors will not take a chance.
I don't see this making any huge price moves until Ryan releases the updated financials. Until then there may be some small moves because of news releases, but nothing major.
I guess it's tough to give updates to stockholders when you all that critical thinking to do.
I thought Josh was supposed to have some sort of call yesterday to bring the stockholder up to date. Looks like he was too busy making those big deals.
Yes the vote is postponed, but several council members will vote against the proposal if the location is going to change is what I heard.
I hope you are correct and that Dec. 18th brings good news, but what I read was that several board members said they felt it would be inappropriate to allow the winning applicants to change a key element of their business plan after the fact when 46 other applications were rejected. To me that means Dharma will need to build in the original proposed location or some votes on the council will change if Dharma wants to change locations. From what I have read the owners would rather build a casino in the mall instead of the pharmaceutical business.
Especially now that Dharma was denied a licence due to location issues it would be nice to hear what the plan going forward is.
I noticed that the Lalpina water is no longer available on the Singleseed site. Instead they are offering a CBD water from Solar Rain; does anyone know if something has changed with the distribution agreement? I didn't see anything from Ryan about any changes.
At these price points, I still don't understand why the company isn't buying back shares so they can be used later to raise capitol.
If Al is dumping, here is the perfect opportunity for Ryan to buy back shares at a discount and either retire them or wait for the price to go up and sell them to raise capitol.