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Uber the asset is simply a means to an end. Don’t overthink it. It is set up to prequalify companies for their TBI program. Ultimately the company’s success is tied to companies in their TBI program reaching some kind of liquidity event which will allow them to grow their business. WDLF will then own 15% of the company and get 5% of their sales. This is the core of their business strategy. Do this 100 times and you have created a nice incubator company that should create value. The bigger question is not around the value of this asset but rather around when will they actually execute a liquidity event in their TBI program.
Why do you feel they did not do a PR on the original animal studies? They began in early May and should have been completed in mid-August. Seems that would have been a fact-based material, non-promotional event that they could have PR’d to update shareholders. And I think it would have helped the share price. I think they missed an opportunity on this.
When will Ken learn to stop saying things he ends up not doing? This has been a pattern for a long time. He needs to just report news as it happens and stop making promises on communicating that he can’t keep. It is an addiction he needs to break.
I doubt it. Looks like they are pushing it right back to .02 today. If Aegis is involved they will not do retail any favors.
I think they have figured out the formulation.
The animal studies are done. The toxicology test as reported in the PR last week followed the animal studies. They do need to manufacture a small amount of the drug for the human trials that will be administered under the CRADA. This is very typical of the process.
Why don’t you do a little due diligence?
Ah so it was collecting on A/R that drove the revenue increase? Thanks for that clarification. That is better than falling off revenues from the business.
I do think the annual sales increase is great news. Just wondering why Q4 revenues fell so much on a sequential basis from Q3 to Q4 2022. Hopefully that is addressed on the call for the 10K release.
It is a question of market cap. The market cap is the same post split. Lower price more shares pre-split, higher price fewer shares post split. It is a math equation. It is equally challenging to make a run. The right news can make either outcome happen.
If it was $1.5M in Q 4 Ken would have been yelling that from the rooftops.
I heard total company revenues for 2022 well over $900K.
I heard the $900K+ was for the year, not Q4.
Good question. Ken has always talked about liquidity events as it relates to companies in their TBI program being sold or going through an IPO. Perhaps it might make it more appealing for Weedlife to go through their own liquidity event at some point in the future. It is an LOI and I am sure the work that needs to be done to complete a deal will take some time.
Hello ‘“Lakota-45”…
To address your questions….
1) Previously answered. See prior post.
2) No. But have worked for several publicly traded companies which actually had a successful business model. We also had business leaders whose heads were not in the clouds.
Just curious….Is running a publicly traded company a prerequisite to developing opinions on a company’s business model and execution….Just curious….
Happy New Year “Lakota-45”. Let’s hope that Ken can deliver on a liquidity event that has some legs underneath it and drives shareholder value in 2023. The jury remains out for me on his ability to get one done. Hope you’re right and I’m wrong.
This is a pretty arrogant response in my mind. Instead of addressing my concerns you question my experience in the market. Laughable.
To answer your question, about 40 years. Good luck to all, especially LONGS.
One final observation from the podcast. Ken rescheduled the podcast twice for what basically was no new information. Why? I know, because they’re waiting for the name change. Here’s a novel idea. Why not wait for material news to actually happen to file the 8K then do the podcast. That would build more trust with people, at least with me anyway. But no, Ken schedules podcasts to keep hope alive that what he claims will happen will actually happen one day. And if he waited two extra weeks for the podcast to do a PR about a LOI to acquire a CBD company it was a waste of time. Had zero impact on price. What will have a material impact on price is a liquidity event.
Looking forward to the day when Ken has a podcast that actually talks about material news that happened, not his pie in the sky dreamland.
One final note, where is Todd Markey? I know his name was in the PR for the LOI, but his title was Investor Relations. Just an observation since Ken has not so much has mentioned Todd’s name since he disappeared from the podcasts. A little update on Todd’s status would be nice.
Cheers and happy new year to all.
That’s an odd response to my observations about a podcast.
My predictions a couple weeks ago related to the podcast today…
“My predictions for the next couple weeks prior to year end. No name change this week. No PR’s prior to the 12/29 podcast, the final of the year. And there will be few updates we don’t already know on the podcast.” In other words, Ken will kick the can down the road. Hope I am wrong but if I’m a betting man these are my bets.
Just listened to the podcast. My observations.
1. Revenues for Q4 likely $300K based on Ken’s prediction of being well over $900K for the year. I assumed $950K for the year. End of Q3 revenue was $651K YTD. They reported $511K in Q3 so revenue for Q4 on a sequential basis from Q3 was down 41%. Why did revenues decrease so dramatically from Q3 to Q4?
2. Huntpost SPAC now seems tied to the acquisition of several trade shows. They have purchased no trade shows at this point. This won’t happen any time soon in my opinion.
3. As for the MJ Link acquisition, it seems like they are waiting on the buyer and that it is out of their control. Generally I don’t like the sound of this. Ken always seem to indicate that the MJ Link liquidity event was tied to the safe banking act. Well we know that ain’t happening any time soon.
4. Bottom line just as I expected is that he said nothing new we did not already know and he equivocally kicked the can down the road. Everything now is 2023, the same time he said about 2022 at the end of 2021.
For a certain poster on this board, please don’t tell me I’m confused. I have zero confusion on what is happening here. If I have any confusion it is wondering why several longs here refuse to question or hold Ken accountable for not meeting his expectations. He’s been at this for TEN years and still hasn’t hit $1M in annual revenues.
My bold prediction for Q1 2023. NO LIQUIDITY EVENTS WILL HAPPEN.
Hope I’m wrong but I have been right the last several months on this one.
Nothing will be announced before financing.
My predictions for the next couple weeks prior to year end. No name change this week. No PR’s prior to the 12/29 podcast, the final of the year. And there will be few updates we don’t already know on the podcast. In other words, Ken will kick the can down the road. Hope I am wrong but if I’m a betting man these are my bets.
Found it funny Ken posted the notice about compliance. They tend to do a good job of stating expectations of what is to come that don’t happen, then hide behind the wall of compliance.
Note to Ken, don’t set expectations if you cannot fulfill them.
You’re funny Jronpar. With WDLF feels more like wax off than wax on. Very little clean about what I have seen here. Cheers and Merry Christmas.
What does fully waxed mean?
It’s called building one’s hope then pulling the rug. At what point do people start holding Ken accountable for his words? I for one have reached that point after two years. Way past time to deliver on the liquidity events. As for the revenues, I work for a small HR firm that does that kind of revenue and we would not even think about being a public company. The liquidity events mean far more to me than revenues since they are at a relatively small level and they have been at this for pushing 10 years now.
These were his exact words….
“With that new information, we have decided to push the Q4 update to the end of the month, add to it a 2022 year-end update, and proceed with any news/press releases between now an Dec 29th. That way we can address any questions that come up relating to press releases and announcements, and hopefully Finra's name change approval, as well as the next steps for the up listing campaign.
Stay tuned for more updates, and cheers to a happy and safe holiday season for everyone!”
If this does not intimate that or lay the expectation PR’s are coming between now and the next podcast, than what does. If there are no PR’s then this IR announcement is deceiving, at best.
I am one that places value on a man’s words. If you don’t intend it, then don’t even hint around it, especially when you have been doing this for the past few years about a “liquidity event”.
How will a name change impact the fundamentals in the business?
Ken is a spin master. I just think his communication is terrible. He does nothing with his words that instills trust for me. He’s a smooth operator. In other words if there is no PR between now and 11/29 he should not have made the comment. He does this frequently. Intimates something that never happens. I hope he proves me wrong. I’m not holding my breath.
Ken stated PR’s are coming before the 12/29 podcast. Let’s see if he delivers.
Correction - another delay on the next podcast so no update tomorrow as I thought. There is no reason to delay business updates because of a name change. The name change is just that, a name change. It does not change the fundamentals of the business, nor the fact Ken has not delivered a liquidity event as he thought he would, fiat in 2021 and now in 2022. I think people, including Ken, are making a much bigger deal of the name change. I’d rather hear updates on liquidity events. The delay is another example of what Ken does well, tells us he is going to do one thing then not be true to his word.
Let’s count how many PR’s happen between now and the 29th just like he said. I’m not holding my breath.
There will be no liquidity event in 2022 as Ken had hinted at and set the expectation for pretty much all year. Last update for 2022 is tomorrow. No 8K today with any news so they won’t talk about that. Sure he’ll tell people how close they are. Probably set the same expectation for 2023 that he did for 2021 and 2022, both of which never materialized into a liquidity event. Fully expect tomorrow to be nothing more than kicking the can into 2023. Ken has lost credibility in my eyes until he actually executes on a liquidity event he’s been talking about for years. Last call he said they were going to bring 40-60 companies into the incubator program. Can we bring one to a liquidity event before he throws these pie in the sky numbers at us. Hope I’m wrong but calling it the way I see it. Cheers and Merry Christmas to all who celebrate the birth of Christ.
Come on now. How can you possibly make this comment without further explanation. I agree that they will get it done. The question is when and with what underwriters and terms. Would love to hear your reasoning here.
Let’s just call it his words shall we? Plenty of words spoken with expectations and “be on the look out for’s” and not delivering on those. On most podcasts Ken says be on the look out for this PR or that 8K and it doesn’t happen.
Let’s just agree to disagree. Good luck to all. Irony is that I have 17M shares.
To say that anyone complaining must be confused is an arrogant and self righteous comment. You are saying that I am confused which is the farthest thing from the truth. That would lead one to believe Ken et al are doing nothing wrong. And obviously you feel that way because you have never said anything that would hold Ken accountable for his words or promises. I listen closely to what CEO’s say and measure their response to their comments. Ken has come up woefully short in my opinion to doing the things he said he was going to do. I am done talking about people being confused. Rather I will holding Ken accountable for his comments.
I am not confused by the process at all. What I am confused about is why Ken makes comments on podcasts without any follow up.
For example, in the 11/15/22 Q3 podcast, Ken stated, “We have, of course right now in Q4 2 liquidity events that we are working on, one finalizing so that we can make an announcement on that, MJ Link. The MJ Link liquidity event is right around the corner. And I hope to have that put out certainly before the end of the month (November at the time of this podcast), definitely by the end of the year. Keep an ear to the ground for that update. I suspect here in the next couple of weeks that announcement will come out.” My ear has been glued to the ground with as much as a whisper from Ken.
Why would he say certainly by the end of the month, definitely by the end of the year? What is the difference between certainly and definitely? It is just BS. Seems to me he uses the shotgun approach, just spews nonsense out and then never backs up his words.
Following this podcast, he delayed the next podcast two times. So there would have been zero communication by Ken since 11/15 by the time the next podcast occurs on 12/21.
To conclude I am not confused by the process. I am confused by Ken’s constant promises to take action followed by no response.
And this is why he is losing credibility in my eyes.
I don’t disagree with you on the economy. However, Ken was making comments well into the decline of the economy, rising inflation, supply chain issues, etc. As recent as a month ago. This is on Ken in my opinion. He should not make promises he cannot keep. Best to keep one’s mouth shut on expectations if he cannot achieve them. I think he is a very smart guy ( one may say manipulative) and knows what to say to keep the hook in the mouth. Then he makes excuses, and kicks the can down the road. This was very predictable. If I am wrong and he announces a liquidity event by end of year I will gladly admit I was wrong. My gut tells me I’m right here.
Two weeks to go. If no liquidity events are announced by the 12/21 call, Ken’s credibility takes a big hit to me. I’ve been saying this for months as he teased gleefully on past podcasts that one if not two events were coming in 2022. Also if you go back to listen to the past podcast he mentioned updates that never happen. We shall see but I am not optimistic he will announce much of anything by year end. I hope I’m wrong but this has been the pattern for the two years I have been long this stock. Ken talks a big game but delivers very little. The only thing that matters to me are liquidity events. Why? Because that is the end result of their core business model, their Tech Incubator business. Tic Tok Tic Tok.
Let’s just kick that old can down the road. My prediction is that do not close any liquidity events this year as advertised, and that Ken is trying to buy enough time to manufacture the excuses for not getting these done. Tic toc Tic toc on hearing the nonsense excuses.
Time to put up or shut up. Months ago Ken intimated they were close to completing the liquidity events for MJLink and Huntpost. Tic toc Tik toc. If he does not announce a liquidity event before the end of the year, Ken will lose credibility. No more excuses nor kicking the can down the road.
By my math they should have completed the IND. Time to show up CUBT management
If that was true this news would have to be disclosed given his position with the company. I have not seen an 8k to this effect.