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I added 100K shares at .0165 two weeks ago. Little accumulation when I can. Feeling good about that purchase.
Tough to say. Once the LOI was finally announced I could not help but go back and take another listen to that shareholder update. It is what it is. Q1 revenues should be coming out soon. That will tell me a lot about the revenue trajectory based on the touting of the 300% revenue increase Y/Y 21/22.
I feel the same way about the comments being misleading, especially when you put time frames on the comments. Perhaps things are out of his control. If that is the case then perhaps things are not what they appear from Ken’s position in the eyes of the other parties. Obviously there are issues now that I has been FIVE more months since that update.
Obviously the other parties have issues that have not been disclosed. If you are going to tease shareholders then tell the whole story. Based on the comments from 11/15/22 shareholder update I would have assumed an LOA would have already been executed. To make the comments back in November without an LOI being in place obviously leads me to think a liquidity event would not be possible. But yet he still made the comments he did with the November and year end timelines attached.
Ken is a master at building excitement with the types of comments that hint at things happening then the * comes, which is always the some things are out of our control line. That is a classic manipulator strategy and I just see through it.
You mention savvy and smart investors frequently. Another thing that savvy and smart investors do is question things and hold CEOs accountable for their words. I have never heard you question anything the company is or is not doing. That is your choice and I understand why you do that. I, however, have found Ken’s past comments, coupled with a lack of execution, to be worthy of scrutiny.
Finally you bring up Murphys Law. You are right there. If things can go wrong they will. It happens every time Ken speaks virtually. And this is why the stock is near .000’s.
The comments I refer to are not the podcast you reference. Rather it was from the 11/15/22 Shareholder update video. Link is at the bottom.
A direct quote from Ken from the update is below:
“The MJ Link liquidity event and the announcement of that is right around the corner. And I hope to have that put out before, certainly before the end of this month and definitely before the end of the year. Keep an ear to the ground for that news update.”
I interpret these comments as the MJ Link liquidity event being days away. How you interpret it is up to you. But it is this type of comment, coupled with their inability to actually announce a liquidity event over FIVE MONTHS LATER AFTER THIS QUOTE that has the stock price trading at a dismal .0011. It’s pretty clear to me their inability to close a liquidity event has this stock price in the tank, because their entire business model rests on this. As a result of this, I do not trust Ken’s words as it relates to liquidity events. What will change my level of trust is actually following through on his words and getting a liquidity event accomplished.
Apparently the “market” does not care about the 300% revenue growth from 2021 to 2022, particularly since their 2022 annual revenue was $933K. Not even $1M in revenues. The talk of this being a company ready for the NASDAQ is far fetched to me.
It’s actually been months, and in the case of liquidity events, years. Remember in Q4 Ken made comments that the liquidity events were a matter of days away. Here we are five months later and no liquidity events. His comments and corresponding lack of execution are exactly why the stock is trading at .0011.
I agree. An OTC that cannot hold a penny to uplist in the OTCQB is not near a NASDAQ Company. Until they can actually execute a liquidity event, they will remain on my skeptical list. If they actually execute a legitimate liquidity event then we can talk. All in my opinion.
How can anyone say they are a NASDAQ company trapped in the OTC when they have yet to hit $1M in ANNUAL REVENUE in any year; nor a liquidity event they have been promoting for years. Let’s see what their Q1 revenue is. Anything less than $750K will garner more skeptical comments from me.
“There are currently no drops or pills to treat dry AMD.” There will be.
If the business strategy is working then why haven’t they been able to close one liquidity event? They have been at this venture for a decade and haven’t hit $1M in annual revenues. I work for a small boutique HR consulting firm that does more revenue than WDLF. They then did an internal valuation which they claimed to be, what, $2B? Are you kidding me? Another example of the pie in the sky thinking and blowing hot air. They need to pull their head out of their butt and stop with the fluff talk and execute. Bring me a damn liquidity event to show us their business model is valid. Until they do that, all their talk is cheap.
Irony here is that I am long with 18M shares. I call it the way I see it. I appreciate your commitment to the company but it’s time to hold these guys accountable. Cheers!
90 million shares traded today. Daily low .0008 with a close of .001. Seems people are losing confidence in Management’s ability to execute on their plan, whose core objective was to close two liquidity events. LAST YEAR. Now Ken is saying the strategy to wait to .05 to R/S and uplist is not realistic. Why? Because they did not execute and complete any liquidity events when they said they would.
Some focus right now should be on completing one liquidity event. Just give us one for gosh sakes.
Totally agree. A non-commitment on the $.05 price prior to a R/S under the new strategy is a self indictment on their inability to execute their business plan, which at its core has been the liquidity events. That would be a disaster for their share price and trust from shareholders. Let’s get some liquidity events done before they do anything. Hope Ken is not too arrogant to listen.
Their inability to achieve a R/S and uplisting is directly tied to the company’s inability to execute a liquidity event in a timely manner. They should scrap any intention of uplisting until they do what they said they were going to do last year, which was to complete two liquidity events. If the new strategy does not reconfirm Ken’s commitment to not R/S prior to a $.05 share price, then his credibility is completing gone for me, especially given his comments in Q4 that basically said the liquidity events were nearly done. If you disagree with this comment go listen to the specific comments he made. I will be infuriated if they scrap this part of their strategy, as I am sure others will be who probably bought shares based on Ken’s promise. And yes, this was a promise! Let’s keep our promises Ken.
NOTE: Our uplisting strategy this time last year is no longer relevant. Waiting to see if our stock price will reach $0.05 a share before conducting a R/S (our strategy this time last year) is no longer a feasible strategy, before the 12 month expiration runs out on the 14C information statement filing from May 10th of 2022. With that said, we do not yet know what strategy we will adopt moving forward in the effort to list on NASDAQ, NYSE or any other exchange other than the OTCPINK. When we do know the best strategy and we’re confident in our execution of it, we will announce that strategy through an 8-K filing (and shareholder update.)
The note at the end of your post is certainly on my radar. I get the expiration issue. However, the whole premise of the .05 target Ken put out there was likely based on their assumption of a share price increase following liquidity events, which so far they have failed to deliver on. Any new strategies should include the .05 target before a reverse split. Anything less than this would destroy Ken’s already shaky credibility. All my opinion of course as I have tracked the company’s accomplishments against stated objectives. Time to deliver some liquidity events Ken.
I am thinking Huntpost. Have they posted actuals on their revenues?
Looks like they did $292,775 in Q4 2022. I am thinking based on last year’s growth anything less than $400K in Q1 2023 would be disappointing. That is a conservative 36% growth on a sequential basis from Q4. We shall see. I am going to go out on a limb and predict they do not hit $400K in revenue in Q1 2023. Then the question will be where and when will the vast majority of the $25M in revenue come from. To have any hope of hitting their own forecast they need a good number in Q1.
This is my way of trying to establish some accountability for my assessment of the company’s financial performance. When a company throws out projections they should know where it is coming from and not be just another pie in the sky forecast. They should be very close to forecast.
The problem with the projection is that assuming we are in Year 2 (has this been confirmed), then they woefully missed the Year 1 forecast. Am I wrong in that assessment? If I am correct then how can anyone place and credence in subsequent year projections? It would be illogical to assume Year 2 forecast if they did not come close to Year1.
So what do you forecast Q1 revenue to come in at? I thought I recall Ken mentioning $25M for the year 2024.
No they don’t have any drug vouchers they can sell. They will hopefully land a Priority Review Voucher for rabies once they get some funding and advance the drug in their pipeline.
And it is my opinion they will get their financing. Assuming and hoping they dumped Aegis, with whom they should have never engaged with because they are terrible, they will get a new underwriter is my hunch. They are sitting on some good assets. Someone will take this on. Unfortunately it has taken far longer than anyone expected.
Here is a bio on Gano, Tony’s wife who runs Extreme Realty International along with a video interview she had. This power couple are sting players in the Florida real estate market and Tony is a nationally known trainer.
https://www.xtremeintlrealty.com/9/about_us/167
https://www.globenewswire.com/en/news-release/2022/04/27/2430441/0/en/Decentral-Life-Launches-New-Digital-Wallet-and-Payment-Platform.html
Tony Martinez is affiliated with Extreme Real Estate International. His wife runs the very successful business with nearly 200 agents in Florida. This is the company LikeRE signed up as an early adapter customer for their SaaS business. The dots are connecting here in terms of the relationships. Tony, who also owns the CDPE business, was an advisor for LikeRE and has now been hired as its CEO.
For some reason links are not loading to videos.
If you want to hear from he new LikeRE CEO go to the their website likere.com and look up the video interview there.
That is not the right Tony Martinez Facebook page. If you want to hear the new CEO here is a presentation he gave at a conference. He is currently an advisor on the like RE advisory board.
Not a lie at all. They did the animal studies which concluded with the animal toxicology results under the CRADA. This work was completed by Dr. Emily Chew who is with the NEI. The human trials will also be conducted under the CRADA. If you choose to believe otherwise that is your choice and does not alter the fact they are well into the CRADA. More of a reason for you to sell. I will buy all your shares (I believe you said it was 250K shares) for .013. Just let me know and we can work it out.
They got the CRADA with the NEI which was completed with toxicology results by Dr. Emily Chew, a world renowned eye doctor and researcher. That one fact nullifies your wild and irresponsible claims of fraud and not accomplishing anything they said they were trying to do. Doing what they are trying to do is not an easy proposition. I believe people will be rewarded in time. If you feel they have committed fraud why do you own shares? It seems illogical to me.
Got my orders in. Hopefully they trigger. They are good to cancel so they will need to sell me shares if they want to go low, which I will take. These levels are appealing to me. Last time had a few buys at .017.
That’s a nice position. Hopefully we can get some financing here soon. I am hoping for something private and not a public offering with no reverse split. Would like to see IND before reverse split. Always hated they went with Aegis. We shall see. Funny to me how some people here don’t believe your holdings. LOL. I am not far behind you in share count.
The uplist strategy, whatever that is, will not happen any time soon according to Ken. He pretty much said as much on the call when he said the Nasdaq is not in the near term. Beyond that Ken has stated that they will not reverse split prior to .05. He needs to stay true to his word on that.
On another note, I am glad to see what Huntpost is doing. I think they have big upside. However I go back to the Q4 podcast when he intimated a liquidity event was imminent. Based on yesterday’s podcast it sounds like they are working on LOI’s for 20 trade show companies. There is still a lot of work to do here. Why intimate they were close to a liquidity even in Q4 when it appears now they are still a ways off. I personally am disappointed by the messaging that took place in 2022 and Q4 in particular on the Huntpost liquidity event.
I am still long but always look at things with a critical eye. Still hopeful for positive news moving forward.
This was an email I received from the company 40 minutes ago. Perhaps it is old news. Thought I would send along. Sure it will be discussed on the podcast. Thanks.
MjLink Acquisition Update - February 23rd, 2023
It is official, MjLink has executed a letter of intent to be purchased by a U.S. based company currently operating in the hemp and cannabis industry.
As part of the terms in the LOI, the name of the acquiring cannabis company, and the details of the proposed acquisition, will remain private until the that company makes a public announcement to their shareholders.
In the meantime, both parties are working on the final details that will be added to their Definitive Purchase Agreement.
Please tune in to the shareholder podcast this evening. Use this link to connect and watch...
Should be good valuation. I would like to see the IND drop before the RS and uplist. Maybe with Aegis inability to get the financing done they will secure some short term funding elsewhere. We shall see.
I have a hunch Conix was not being as literal as you are thinking. My interpretation of what he said is that if the stock goes down anywhere near that he’s a buyer. And so am I. In fact, I am a buyer under .02.
Other than the few hundred thousand shares that I have added to my war chest. I’m sure a few other holders here have added at opportune times. And no, I don’t care if you believe me or not. Cheers Rob.
Never ever. Now if they were convicted then that may be a different story. It’s all laughable.
The buy signal has officially appeared. For those here long enough, you know what/who I’m talking about. I’m a buyer on Monday.
A $12.57M market cap here is just ridiculous given the potential of Huntpost alone.
The potential for Huntpost is massive. Been watching a lot of their videos and involvement at the trade show. Love what they are doing. If they can partner with dozens of these trade shows they will become a household name in the outdoor rec. industry. The exposure these mom and pops could get from Huntpost is large. A liquidity event will bring in capital that they could use to really scale their reach. I am most excited about this TBI company.
Just curious why are people limited on their responses?
You obviously know very little about order flow and how Market Makers control it. You should research the topic. What iRobot mentioned has happened to me countless times.