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If this is true, and the investors have to pay for PODA stock options that are worthless, there are going to be a lot of upset investors including myself.
Time to contact the broker.
Making some very valid points Brent. Thank you for sharing your insights.
Even banks make mistakes when lending money. Nothing is "guaranteed" like the GTEC deal, like Poda, like cannabis cowboy, like Simmons etc etc...
Plenty of debt has been accumulated over the past couple of years with only forward looking statements and projections.
Making some pretty valid points imho.
Post split will likely get pretty messy for investors. Not sure what "long and strong" will put in the bank long term, but short term is very unstable imo.
Too many unanswered questions.
Stability will be obtained with transparency.
Imho, if a company has a delay for whatever reason, fine, let the investors know. Tired of this sneaking around and lack of information.
In the meantime, I am sure there are others looking to make me out to be the bad guy for bringing up legitimate concerns about Invictus.
Their response is insulting. Looking at their promised deals and guaranteed deals falling through. Have performed and shared extensive research on this company.
Don't like being lied to very much or at all as a matter of fact.
Looks like accumulation ATM. eom.
Not surprising. PODA spin-off was one reason why I was loading up shares. To not have applied for any security exchange to date goes against what pr's were leading investors to believe.
Millions of dollars syphoned from investors to get absolutely nothing but a concept company running!
Thanks for sharing the info okast.
Not "freaking out" as you say, just pointing out the obvious. Post split PODA shares are still worth $0.00 (nothing). Still waiting for an exchange listing. Still waiting for the product. No ETA, and no indication as to which select stores the vape will be sold through.
Cannabis Cowboy stores still not up and running. Loosing a lot of potential income.
Thank you for sharing the information. Still no proof of product. Seriously, how many months does it take to produce a product that was already supposed to have existed?!
Lot's of investors money went into this venture with Poda. Seen a "pretty" update of the www.podavape.com website "coming soon", pr says it's here.
Umbrella company.
Showing the same thing in my TD account.
Personally I am waiting until post split to buy in.
Btw, welcome to the board!
If you have 3,000 shares for example right now, post 1 for 5 split would give you 600 shares at five times the value at the time of the split.
Lower share count at five times current value.
Try to take a screenshot if it happens again. Best advice would be to call your broker imho.
Check the following link for NASDAQ IPO information:
https://www.nasdaq.com/markets/ipos/activity.aspx?tab=upcoming&month=2019-01
Not showing any Invictus related activity for this or next month as of yet.
Personally I would be calling my broker to find out what was happening with the price fluctuations.
Forgot to mention when I was speaking with Cody from Acerage Pharms that investors are seeking an update on operations (tried to emphasize it). Hopefully something around the corner.
Really had a good feeling talking with someone that spoke so honestly. As an investor, I like to perform and report the good and bad I find. It is up to the individual to make their own decisions whether to buy or sell.
Peace to all,
Richard.
Made me smile and have a little lol :)
Waiting for the NASDAQ update to assess a good buy-in point. This will be a key point for most investors imho.
Good luck to all!
Noticed that as well from the PODA California Distribution Company acquisition press release, a little vague imo.
Acerage Pharms phase 3 photo! Just got off the phone with Cody at Acerage Pharms and he was able to direct me here:
https://finance.yahoo.com/news/invictus-acreage-pharms-completes-shipment-120000759.html
Was not able to obtain much more information other than the structure is up but was not looking for more than he could legally release. Totally separate building from phase one and two.
Good news.
If I have time to call Acerage Pharms tomorrow I will post my findings.
Regards,
Richard.
Invictus made statements about Acerage Pharms phase three construction to be completed by the end of 2018.
"The Company's wholly owned subsidiary Acreage Pharms Ltd. ("Acreage Pharms"), located in West-Central Alberta on 150 acres, has approximately 40,000 square feet of cannabis ready production with its recently completed Phase 2 expansion. The Company intends on expanding to 120,000 square feet by the end of 2018 once Phase 3 is complete."
Source: https://www.prnewswire.com/news-releases/invictus-acreage-pharms-phase-2-is-now-complete-300644595.html
When referencing Acerage Pharms site the latest update states the plans for phase three have only been recently completed for construction. Look near the bottom of the homepage.
"We also recently completed plans to construct Phase III, an additional 80,000 sq. ft. of production space containing 36 ultra-modern environmentally-controlled rooms. Phase III will further expand our production and research capacity, including specialized breeding programs to produce targeted cannabinoid profiles to better serve our clients. Estimated completion date is late spring of 2019."
Source: https://www.acreagepharms.ca
Poda website update still has no product available for resale.
Safety net is always "Cautionary Note Regarding Forward-Looking Statements: "This release includes certain statements and information that may constitute forward-looking information" within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995."
Just looking for concrete answers but having a difficult time obtaining them.
Anyone live around acerage pharms that might be able to take a tour of the facility or snap some photos of phase three construction?
Hope you all have a good weekend.
Seems to be a lot of misinformation going around. Did some research on Poda acquisition of "California Distribution Company" and came up with this:
"Sunniva Announces Acquisition of California Distribution Company to Allow for Statewide Dissemination of Sunniva Branded Cannabis Products"
Source: https://www.cannabisbusinesstimes.com/article/sunniva-lytr-acquisition-california/
"PODA Announces Share Consolidation and Acquisition of California Distribution Company, Granting of Stock Options, and Appoints New Chief Financial Officer"
Source:
https://www.thenewswire.com/archives/LpMFNPEy-poda-announces-share-consolidation-and-acquisition-of-california-distribution-company-granting-of-stock-options-and-appoints-new-chief-financial-officer.html
So two companies have purchased "California Distribution Company" within a month, neither is registered in the California business database located here:
https://businesssearch.sos.ca.gov/CBS/SearchResults?filing=False&SearchType=LPLLC&SearchCriteria=California+distribution+company&SearchSubType=Keyword
This is looking to be a company that has no product that is buying companies that do not exist. Please help me here, quite disturbing.
Not sure what this is all about, but it should not be this difficult to get some clear answers. Something is a miss and there are millions of dollars "floating" around.
Shares of Poda still have no value and already looking to reverse split. Seriously... Still have all my Poda shares like we all do from the spin-off.
Richard.
Found Poda patent info:
http://www.ic.gc.ca/opic-cipo/cpd/eng/patent/2984161/summary.html?query=(Poda)%20<AND>%20EN%20<IN>%20LANGUAGE%20<AND>%20(Pending%20Applications%20<IN>%20STATUS)&start=1&num=50&type=advanced_search
Patent Application
"the type of document could be a patent or a patent application."
Still no evidence that the product exists other than the concept on paper.
http://www.podavape.com updated with no background image.
Short term will likely be bad, long term, if they manage to keep their listing on NASDAQ could be very good.
Keeping my eyes on it.
Common sense is telling me to hold from making a buy in until the dust settles. Wait until the Carnage of NASDAQ ordeal is settled. Friend of mine has been advised of what is happening that has been sitting on the fence about selling for the past couple of weeks, looking to sell.
CIBC analysis is showing Canopy Growth and Cronos are going to be the dominant force in the sector. What does Invictus have that they do not?
Post split and uplisted to NASDAQ two years from now, Invictus "might" be worth $10 per share. Common sense...
All imho of course.
Still REALLY curious to know where this illusive Poda vape is, the so called revolutionary vaporizer. Does not matter how many times I have brought up the topic, no one has any answers.
What is it called when a company promotes a product that does not even exist???
"Poda is a zero-cleaning vaporizer system, harnessing innovative technology that can be paired with almost any vaporizable substance including cannabis, tobacco, e-liquids, concentrates, coffee and more. Other pod-based vaporizers on the market today still require cleaning and produce significant waste. Poda vaporizers use patent-pending zero clean technology and offer biodegradable pods. Most importantly, Poda vaporizers will provide consumers with consistent performance."
Source: https://www.prnewswire.com/news-releases/invictus-announces-spinout-of-poda-to-access-international-and-us-markets-300700107.html
What's being said is the product exists "PODA is". So where is it?.
Been hearing about all of these "guarantees" yet no follow through.
In all seriousness, tread the water lightly.
If some people are predicting a 10-20x increase of share value in the next couple of years that would bring this stock to $70-140.00 per share post split. Maybe it's just me, but I can not even fathom that, really, it just baffles me.
If the company is that great, why is it so worthless?
Bottom line is everyone is responsible for their own investing decisions.
Sincerely, good luck to everyone.
Any reliable sources for that information? Thanks in advance.
Happy New Year to you as well mt69sinai! Have to agree with you in regards to "long hold". Feeling that their Oriental connections are going to give them the edge that they need in order to obtain production goals. Strong companies build on solid foundations.
Like most markets at the moment, there appears to be a large consolidation happening. Short term is not looking so good unless you are buying in and around now. Long term, lot'of potential imho. Ground floor opportunity.
Hope all is well with everyone and good luck with your investments and decisions.
Peace,
Richard.
Not seeing any insider buying or selling.
Source:
https://www.insidertracking.com/node/7?menu_tickersearch=SOLO+%7C%7C+Electrameccanica+Vehicles
4-6 weeks is the average timeline for uplisting approval if all requirements are met. Perform a Google search with key words "NASDAQ uplisting timeline" and you should come across a downloadable PDF from NASDAQ.com.
Very risky move for investors, imho.
Do some research on the subject and historical outcomes of reverse splits. Pretty scary. Whatever this company has been doing thus far has not attracted new investors no matter how much good it has going for it. Still a lot of grey and unknowns. Still no evidence that Poda vape is an actual product, GTEC deal fell apart, lot's of management turnover, no updates on phase expansions, and Gene Simmons "issues".
As I have mentioned before, monitoring for the "right" buy-in point. If the company uplisting is approved and the RS brings the share value to say $7 CAD on Gene ticker and approximately $5 on IVITF the price could easily hit $3 CAD within a week or two of NASDAQ listing.
So my buy-in point would still be on target at pre-split assessment around the $0.50 (or less) CAD range.
Doesn't take "stones" to stay in a stock that is loosing value and is constantly putting their investors at significant risk.
Good luck to everyone on your investments and decisions.
Phase three update could help with that eom.
Reverse splits have an extremely high risk of volatility and usually loose a lot of cash value. Will continue monitoring for the right buy-in point. Personally I was invested in a company that reverse splits 1 for 2 shares to obtain NASDAQ listing and it lost %90 of it's value in less than a year. It could go either way, but this proposal seems to put immediate investors at a high risk of loss imo.
Good luck to all in your investing decisions.
So much for the "guarantee" in regards to the merger, and a nice trading halt to start off the day. This is exactly the point I was trying to make.
Good luck everyone.
Have still not seen any evidence of the PODA vaporizer is even a real product. Few thousand worthless Poda shares in my account but that's about it.
Still waiting for PODA listing.
Looking to buy back in around the 50 cent CAD range personally. Did not see the point of not selling with loss at the $1-1.35 when everyone else was to get a better pps instead of averaging down.
Good luck to all!
Anyone have any idea how long it will take for these application processes to be approved? Until then, no additional revenues will be generated.
"Prior to any shipment of dried cannabis flower to the German market, the Company must first obtain an export permit from Health Canada as well as a Good Manufacturing Practice ("EU-GMP") certification, in accordance with the rules governing medicinal products in the European Union. The EU-GMP certification is a requirement to distribute medical cannabis to Germany and across the European Union. Deutsche Medizinalcannabis must in turn obtain an import permit."
Still thinking of re-investing but still lot's of grey areas and I believe the stock will continue to fall untill investors have some concrete answers.
So 10,000 kg (22,000 lbs) over a five year term is 2,000 kg per year, 500kg per quarter. Let's say at a rate of $5.00 per gram is $2,268 per pound $4990 per kg.
10,000 x 4,990 = 49,900,000.00 over five years is just under $2.5m gross revenue per quarter, plus oparating cost and taxes to be deducted. Net should be around $1.8m per quarter, $7.2m annually and $36m over the 5 year term.
Numbers are rounded.
ETA on phase three acerage farms eu-gmp compliance?
Take it for what it is.
Someone had to make a change as requested.
Welcome to the new Invictus MD Strategies (GENE) or (TSXV:GENE) ihub message forum!
All are welcome to post or share information about the company, stock, news, trends and concerns.
Please follow TOS.
Wishing everyone the best of luck with their investments.
Richard.