Ultima ratio regum! give me oysters and beer for dinner every day of the year.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IMO we need some guidance from the company. Now that this acquisition is done I'm just confused about what LiVE is...
Lol. Pros: the win awards!? And the share price is 1/200th of it all time high. Not sure if those r reasons to buy...
Cons: management dilutes with huge insider deals. Ex: issue stock at $1 when trading over $100. 0h, and they don't make any $$$$.
I thought finra was blocking the r/s?
Agreed. Their focus should be getting as many stores as quickly as possible IMO.
Not sure if they should completely abandon distribution because it could b pretty good for them once they have 100, 200 or 300 stores...
Yep. That's why toxic debt is so bad. Especially at these levels. They get stock at a 50% discount and if the price goes up one tick it's a 33% increase and toxic debt guys make 133% return. Can't blame them for selling. I think management was tricked by tca into taking all of this toxic debt but they took toxic debt on their own before tca forced it on them so we can't feel too bad. It would really be nice if management showed their face and tried to get their stock going. The death spiral has been magnified by the poor management IMO...
It's too bad management didn't didn't even try to keep the pps at .02. They could have had all of the debt converted and owned the hydro store outright for like 200 million shares... Instead they went into hiding after they finally started to get some recognition from the market...
Cs gave them a huge chance and they absolutely blew it!!!
Lol. Another 100 milly 8-k. OSLH management doesn't understand toxic debt and they have a ton of it!!
Yea. I remember when they had Cs and she was talking about MJ resorts. A week later another public company came out with the bud and breakfast!
IMO they might be working on stuff and making progress but they r keeping us completely in the dark. I don't think they realize how much ignoring the market is hurting the business and management's personal reputations. They r relying on toxic debt to fund the business and all toxic debt cares about is the market!
We need clarity. The rebrand has been needed for over a year. Thankfully they realized that. We need the rebrand ASAP! I just don't know what could be taking so long...
It's actually pretty exciting to watch. It's like Indiana jones sliding under the Boulder at the last minute. Let's see if Gerald makes it through by a hair or gets crushed...
Because I have been in this since a much higher pps and for much longer than u! The business has progressed, gay marriage was legalized, and I'm in the red big!!! Why? Because management suck!!! They also r known for pumps so I am waiting for the next one to get out... Can't come soon enough!
Get back to me after u put up with management's bs for well over a year. Watch the green rush OSLH ? More like "watch management crush OSLH"!!
Dude u sound like a broken record!! Just accept that management is screwing us and stop looking like an idiot!!!
What if the price falls to .001 (partially driven buy dumping $10k in stock)? All of the stock converted at .002 is now at break even not a 100% profit.
Then they need to sell another $10k at .001 to break even. That might push the pps lower meaning the remainder of the shares converted when the pps was .002 r in the red.
$10k might b too small of a number. Maybe they will do it in two $50k conversions. If they split up the conversions they have no confidence in the pps. If they convert all at once then they think it's going up IMO. This can be very telling of where insiders think things r going IMO...
Right, but I am asking about converting not selling. Can they convert $10k, sell it and then convert another $10k at a lower pps, sell it, and repeat? Or do the need to convert the whole note at a fixed pps?
The dilution isn't stoping so all a r/s does is hurt current shareholders. If they got the dilution under control and started acting like real business people then maybe a small r/s would b helpful to clean things up. 2:1 or 3:1 (that still take half a billion out of the float!!). But if all they r going to do is r/s and continue with business as usual they shouldn't bother. All it will do is piss people off imo.
I agree it seems like they didn't understand their financing but now instead of apologizing to shareholders and trying to fix it they r in hiding. I think they completely understood the small toxic debt they were taking and took it anyway to pay themselves. I don't think they saw The tca debt turning toxic...
R they forced to convert the whole note at once? The way things have been going here, if I was the note holder, I would want to convert a little at a time in case the pps goes even lower...
So we r up listing in less than 45 days?
With this money they should b able to get huge. Over 100 stores IMO. But then again management has a history of pissing away money and messing things up...
IMO this money needs to get us to string profitability quick. They r always saying the stores r profitable but the company always loses money because of spending at the corporate level. We need to move quick before they blow through all the money on administrative expenses IMO...
"Only way not to loose is to hold on (not sell) and wait for the fireworks."
Because that strategy has worked so far... Good thing I got in after the r/s or things would really suck...
To quote u "Nothing happens. Must trade above $4 for 30 out of 60 days prior to uplisting."
No up list at this pps. Those in before the r/s r down big... Will we need to r/s again before exchange listing?
Oh ok. Yea! I don't think she is still with OSLH but she might be. Seems like she learned a lot about the importance of share structure from OSLH and the other penny stocks she was associated with (maybe she also picked a little something up from the wolf during pillow talk lol).
IMO OSLH should initiate a buyback and purchase shares whenever the pps puts the market cap under $1 mm. IMO that could and maybe should come before the rebrand. They could buy back a lot of stock with $100k at this point... But the. Again management has proven to b soooo stupid who know what they will do...
It looks like it's about the new MJ stock she is pumping...
What can finra do? Perhaps they will block the r/s WHEN it happens...
That's exactly why we need the rebrand. The actual business is all over the place. IMO they need to focus on hydroponics and their MJ app. Everything else is just confusing, distracting, and hurting more than helping IMO
Fingers crossed!! Any chance of a buyback?? IMO they could use the toxic debt to acquire another store and use the earnings to buy back stock. They get like $300k a month. The market cap is $300k. On payment of toxic debt could buy the entire company, in theory.... They also gross about 300k a quarter. That could b used to buy back stock. The pps is so low. If management really believes in the company wouldn't it be in their bet interest to buy back half of the float with some of the money they have coming in??
"it decreases SRNA's outstanding debt,"
I agree, that's good but IMO it would have been better if he converted the debt to stock at $1. Shows he actually has confidence in the company rather then viewing it as a charity case.
"it lowers the uncertainty about what Tom Bollich might have done at some point (for shareholders worried that he could have just started dumping shares at some point)."
Couldn't he of accomplished the same thing by agreeing not to sell any stock until the pps reaches $1?? Again makes it more like a charity case than a strong company he believes will be huge. He also said he sold a bunch of stock in a private transaction. Those shares are still out there and not locked up by any type of affiliate selling rules!!
Seems like a load of bs to me. If someone gave warren Buffett a bunch of Google stock (and mr. Buffett really did believe it was going to b huge), would he really return it because he has enough money and he wants protect his reputation?
"If that move is what it takes to get SRNA to really take off"
How does this move help SRNA take off??
L2 looks like crap this morning. Is there any reason management would want this to go to now bid?? It seems like they r trying to drive the pps down!
" I have the Company's best interest in mind, and the retirement of a majority of my equity shows my continued support. Furthermore, I worked closely with long-term investors to dispense a minority of my shares in a private sale that I believe will bolster Surna's shareholder base"
Lol. This seems backwards... If you really believe the company will such a huge success, why return and sell almost all of ur stock!?!? Seems like they r really trying to spin this stupidity. "I believe this is going to b the Google of MJ so I sold/returned all of my stock at .10" lmfao why?
Niceeeeeee
Yes! Yes! Yes!
In Shearin We Trust (to always do the wrong thing!!)
Looks like someone is getting some press:
http://www.mjinews.com/herndon-graddick-advocacy-bottom-lines/
Still no direct communication for the company. I want an apology, a good plan, and some great progress...
I'm Waiting for another pump before they blow the top off with the 11 bill.
We need news and a big pump soon or that increase won't mean sh!t when it's at no bid.
Higher pps means they can actually dilute that 11 bill. No bid and they will need to r/s or get the pps up some other way.
It's funny. Management is sooo bad (at least on the public company side) but they have one of the realist businesses out of any other MJ stock!!! Penny stocks man, penny stocks
All buys all day and a 70 mill dump eod. Definitely toxic debt. They always do that. Once it starts looking ready to bounce they dilute again and drop the 8-k. Management still silent!!!! Imagine if a NYSE stock fell 90%.... Management would be running around calming people down!!! Not OSLH, they don't even give a crap!!!
CEO-"oh our stock is completely crashing. Is that bad?" Steve- "lol, who gives a crap. Let's smoke some pot!!" CEO- "ok, but first let's dilute 100million shares so we can get that cool new bong!"
Maybe OSLH should take some advice from this article for their rebrand...
https://hbr.org/2015/09/the-organizational-apology
I bet we get a 100 mill+ issuance 8-k soon
How will all b good one day??
Agreed. Without longs and with toxic debt there is only one way to trend and that is down.
Day traders can win battles against the toxic avengers but only loyal longs can win wars. The crap leadership of OSLH isn't capable of gaining the support of longs because they have proven to be too sneaky and/or too stupid. OSLH is left to fight its battles with the help of mercenaries (day traders). They aren't loyal to a company, they just follow the money. When Cs was here making it rain OSLH had lost of mercenaries on their side. Now OSLH lost the volume and excitement and the mercenaries have moved on to their next battle. OSLH has also hurt its longs and has many of them refusing to fight for OSLH anymore. The walls r without guards and the toxic avengers r pillaging the castle...
Yep. Float is too big. They need longs to lock float if this is going to move north but why would anyone go long when the business and management r sooooo bad!