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Food for thought. Another informative article about the sector, bubble effect and trading habits of investors:
https://toronto.citynews.ca/2018/09/20/investing-marijuana-stocks/
From one investor to another, do what you have to do, buy, sell when you have to as seen fit. There are no guarantees. Would be content being around my break even point than where we are just to make ends meet taking the daily loss.
Truely understand the frustration.
Not even sure how to take this anymore. Absolutely ridiculous especially with a profitable company like Invictus. Low market cap, seemingly good management in respect to the vast majority of marijuana companies in Canada.
Gene Simmons definitely not paying off so far. Did not even bother watching his last performance because of what I read on different forums. Seems like Everytime the guy opens his mouth about Invictus the stock goes down the next day.
Anyway, hope all you guys and gals have a Happy Thanksgiving in the U.S. of A!
Wasn't trying to be a downer.
Richard.
Worth a read article even though about two months old:
https://www.cnbc.com/2018/09/24/cannabis-stock-highs-4-marijuana-market-warnings-for-investors.html
Realistic information from a reliable source.
Best advice I can offer you is try to be patient. Understanding this has been a drawn out process but it is coming together. Two days back when I called TD, they told me they could trade the shares manually but even he would have to escalate to their supervisor, at that point I was speaking to the department supervisor/officer.
They understood my frustrations and they advised me to contact Invictus IR which led me to no further information and did not receive any call back after being escalated.
Invictus is following these boards as well and referred one of my own posts (the rep was unaware it was me that made the post until I advised them my user name) to me in regards to the ticker trading haults.
Made it quite clear to them that they should have at least advised their investors to have been made aware of the situation.
Your broker is waiting for the transit number from Computershare.
It will come together.
Hopefully everything will be straitened out by tomorrow.
GENE ticker has been updated and PODA has been added to my portfolio!. Showing no information available but that's progress, finally :)
Did they ever correspond with you? Invictus IR seems to be lacking knowledge on the company they represent.
Called Invictus IR several times with no response. Left messages, no respose.
What else can I do?!
Contacted Invictus IR. Issue and inquiry has been escalated. Will post my findings when they avail.
Received call back from TD. They say they are waiting for the transfer number from Computershare in order to receive the new shares. Advised to call Invictus for an ETA.
Meantime, TD is able to place buy and sell orders manually for new shares.
Bit of a cluster (ya know)...
Will post an update as information comes my way.
The "old" Invictus shares are being converted to "new" Invictus shares after the PODA agreement was approved. There are multiple deals going on here at the moment. GTEC is not part of this equation.
Still waiting on word back from TD. Called back about a half hour ago and they are still looking into it.
Just got off the phone with TD Waterhouse in regards to the symbol/ticker change. They are saying it can take up to a week for the new shares to be distributed to all brokerage houses. When asked why the stock is still being traded under the GENE ticker they said they will look into it and call me back after 8:30am today.
Will post my findings when I receive them. Not worried, just looking for answers.
"The Transaction will require approval by at least 66 2/3% of the votes cast by shareholders of GTEC at a special meeting of the shareholders of GTEC. It is anticipated that the Directors, Officers and insiders of GTEC and Invictus will enter into support agreements pursuant to which they will agree to vote their shares in favour of the Transaction."
Source:
https://www.newswire.ca/news-releases/gtec-holdings-announces-strategic-merger-with-invictus-forming-western-canadas-largest-indoor-vertically-integrated-cannabis-company-700682711.html
There needs to be a %66.6 (infinity) or 66 2/3% vote for the merger to happen. Not %63 like you mentioned.
Question to all, because I can not find the information. Has anyone seen, ordered or have a PODA vaporizer?
Information on the subject is limited. PODA (PDA) is worth just over $1.9m from third party evaluation, but what is it based on?
Consider that some of us seen or speculated this stock at $3-5 by Oct 18th 2018 and $10-12 by first quarter 2019, I will remain optimistic and hopeful.
Nice close price on both GENE and IVITF today. Up %10.85 on GENE and up %8.20 on IVITF.
Cheers.
Not trying to burst any bubbles, but to keep it real, Invictus and GTEC have a non binding letter of intent (loi). It's not in the bag yet and needs a %66 or 2/3 GTEC shareholder vote in favor of the merger for it to happen. Thanks idowonder for sharing the GTEC information.
Very exciting, but don't count the chickens before the eggs hatch.
Huge potential.
Thank you for sharing. Could be a Goliath in the making. Should be an interesting Monday.
Have a good weekend everyone!
Excellent! Thank you. eom
Good stuff btw! Nice price to pick up some shares.
It's all good. No need to apologize. Have put a lot of time into DD but have a pretty informed opinion of what is happening here. Have read and re-read some of the articles and pr's multiple times and only post the most reliable information/sources I could find.
It's like a big legal puzzle that just needs to be put together. All of Invictus' actions are on the up and up and can be verified from reliable sources as I have done for cross analysis.
Still unable to verify if PODA has actually made any sales or not though.
Peace.
Because you purchased IVITF and not GENE there will be no change no matter which broker you are through. This is all going through TSXV (Canadian exchange), not U.S. OTC.
Once PODA secures a listing on a different Canadian exchange we will be notified through computershare (the broker for Invictus/PODA).
Maintenance post #3645 that I posted explains everything. It is a temporary symbol change. Everything will be back to normal.
TSX Venture Exchange Stock Maintenance Bulletins
5:20PM ET on Monday Nov 12, 2018 by CNW Group
Companies Mentioned: IVITF
TSX VENTURE COMPANIES
INVICTUS MD STRATEGIES CORP. ("GENE")BULLETIN TYPE: Plan of Arrangement, Substitutional ListingBULLETIN DATE: November 12, 2018TSX Venture Tier 2 Company
Pursuant to an arrangement agreement dated September 10, 2018, an annual general meeting of shareholders of the Company on October 18, 2018, and the final court order issued by the Supreme Court of British Columbia on October 23, 2018, Invictus MD Strategies Corp. ("Invictus") has completed a plan of arrangement (the "Plan of Arrangement") under Section 288 of the Business Corporations Act (British Columbia). The Plan of Arrangement was completed on November 8, 2018, and has resulted in the Invictus spinning out its wholly owned subsidiary, Poda Technologies Ltd. ("Poda").
The arrangement was completed pursuant to letters of transmittal. Pursuant to the arrangement, Invictus will (i) subdivide the common shares of Poda such that the number of Poda shares following the subdivision are equal to the number of Company shares, (ii) eliminate the Class A preferred shares in the capital of the Company, (iii) alter the Invictus shares by changing their identifying name to Class A common shares ("Old Invictus Shares"), and (iv) create an unlimited number of common shares without par value (the "New Invictus Shares"). Each issued Invictus share will be exchanged for one New Invictus Share and one Poda share.
No Poda shares will be listed for trading on the Exchange.
The plan of arrangement is fully described in Invictus' Information Circular dated September 14, 2018.
Substitutional Listing:
In accordance with the above-referenced Arrangement, Invictus shareholders who previously held Common Shares (the "Old Invictus Shares") will have their Old Invictus Shares redesignated as Class A common shares and exchanged on a one for basis for a new class of common shares (the "New Invictus Shares"). Accordingly, the New Invictus Shares will be listed on the Exchange at the market opening Wednesday November 15, 2018.
Post - Consolidation
Capitalization:
Unlimited
common shares with no par value of which
112,176,712
common shares are issued and outstanding
Escrowed Shares:
nil
Transfer Agent: Computershare Investor Services
Inc.
Trading Symbol:
GENE (
UNCHANGED)
CUSIP Number:
46183X802
(new)
IVITF is my current symbol as well with TD but if you look in the quotes section you can still pull up GENE. Check under the news link and there is a scheduled maintenance alert that was posted this past Monday.
PODA will not be listed on TSX or TSXV. It will be on a different Canadian exchange or quotation system. From what I have read in PR they are likely in the application process for an exchange listing.
PODA is a registered business:
https://beta.canadasbusinessregistries.ca/search/results?search=Poda%2520technologies%2520ltd&status=Active
PODA does have a website "under construction":
Podavape.com
IMO, it could take another month or so before we see Poda shares.
You could very well be right and at the rate of losing %5-7 each day we'll be there in a couple of days. Very disappointing.
New Invictus common shares were issued this morning.
Picked up a few shares today. Looks like this company is going to be a serious player/money maker.
$CROP
"Following completion of the Arrangement, Poda will use its commercially reasonable efforts to apply for and obtain a listing of the Poda common shares on the Canadian Securities Exchange (the "CSE") or other Canadian stock exchange or quotation system."
Source:
https://mobile.tmxmoney.com/quote/readnews/?id=8760512008982499&symbol=GENE
News: NEW GREEN FRONTIER 2018; GRAVITAS FINANCIAL INC.'S INAUGURAL CANNABIS INVESTOR CONFERENCE ANNOUNCES GENE SIMMONS AS KEYNOTE SPEAKER
https://mobile.tmxmoney.com/quote/readnews/?id=4780853917110202&symbol=GENE
Excellent, thanks for the update. Do you happen to know the brokerage house they are dealing through? Personally with TD but nothing new showng up at the moment. Imagine there are going to be a lot of number crunching going on in the background.
Little bit of light on a gloomy day.
Computershare Investor Services Inc. (the "Depositary") will forward to each registered Invictus Shareholder a letter of transmittal containing instructions with respect to the deposit of common shares of Invictus (the "Old Invictus Shares") with the Depositary for use in exchanging their Invictus common share certificates for certificates representing the post-Arrangement Invictus common shares ("New Invictus Shares") and Poda Class A common shares (the "Poda Shares"), to which they are entitled under the Arrangement. Upon return of a properly completed letter of transmittal, together with certificates formerly representing Invictus Shares and such other documents as the Depositary may require, certificates for the appropriate number of New Invictus Shares and Poda Shares will be distributed.
Source:
https://mobile.tmxmoney.com/quote/readnews/?id=7878514344585882&symbol=GENE
From the looks of it, there is still some paperwork we are waiting for.
Making a joke here:
Invictus purchases %100 ownership of Tilray!
Stock falls %15
Sorry for the late reply. Just read this article and felt is worth sharing:
https://cannabislifenetwork.com/us-midterm-elections-ag-sessions-resigns-as-cannabis-stocks-soar-3-more-states-legalize/
Personally I do not follow politics much anymore but I see your point about the significance of Attorney general Sessions resignation.
Looks like PODA website is coming together.
http://www.podavape.com
Following link is registrar information:
https://who.is/whois/podavape.com
Registrant Organization: Poda Technologies Ltd.
Registrant State/Province: British Columbia
Registrant Country: CA
Thinking the same thing. Could be good potential. We have several borders to Michigan from Ontario.
INVICTUS ANNOUNCES NEW GO FORWARD LEADERSHIP TEAM
https://mobile.tmxmoney.com/quote/readnews/?id=5428731998865296&symbol=GENE
Reported at 5pm EST.
Thanks for the heads ttl. Hopefully new management can get us where we should be.
Cheers.
Agreed, PODA update would be nice. Which exchange and share structure should we expect. Any sales? Not much info on the topic or company to be found. How do we obtain our shares once a listed company?. ETA on any info would be appreciated.
Anyone? If Invictus IR was not aware of it being part of the annual shareholders meeting/vote what should we expect?
Hope for the best.
Just watched an interesting documentary "the GOD Plant" explaining the history of marijuana and it's uses/applications through the millenia' to prohibition and current medicinal uses.
Worth a watch imho. Very informative.
THE GOD PLANT DOCUMENTARY SYNOPSIS
When most people hear the word Weed or Cannabis, they imagine happy, hungry stoners, in most cases, using an illegal recreational drug. For the vast majority of people this is where their knowledge on the subject begins and ends. Cannabis, or its non psycho-active form Hemp, has been used by humans for thousands of years and is currently the number one contender for being one of the most useful plants on the planet.
Until recently, Hemp was one of the most important crops grown on Earth. The Empires that were carved out by Britain, France and Spain were rooted in Hemp cultivation. From Africa to India and South America, their locations were chosen for their Hemp growing potential. During hearings on Marijuana law in the US during the 1930’s, claims were made about Marijuana’s ability to cause men of colour to become violent and solicit sex from white women. This imagery became the backdrop for the Marijuana Tax Act of 1937, which effectively banned its use and sale in the US and the majority of the western world followed.
The main issue here was, there was no distinction made between the psycho-active effects of Cannabis and non psycho-active Hemp. They were both made illegal to cultivate and, effectively, overnight the world lost access to a plant that had supplied the majority of Oral Medicine, Rope, Paper, Clothes, Oil, Soap, a source of high Vegetable Protein and many other uses too many to mention, for over five thousand years. The fibres are strong and highly resistant to rot. Clothes and rope made from Hemp last many years longer than from other natural fibres and the original Denim Jeans were made from, you guessed it, Hemp!
The Medical uses for Marijuana have been well known for many Millennia. The Ancient Chinese and Egyptians being at the forefront. The BBC ran a story in 2003 claiming that the anointing oil used by Jesus and his apostles to help crippling diseases, was a Cannabis extract called Kaneh-bosem, which had miraculous results. Two thousand years ago Cannabis was used to effectively treat Epilepsy and the ones administering the medicine would be perceived as miracle workers.
Cannabis contains thousands of active compounds with the main ones being THC, THCA, CBD, CBC and CBN. A quick search on the internet shows that concentrated and non-concentrated forms of Cannabis have been used effectively to treat many ailments including, but not restricted to; Parkinson’s, Epilepsy, Muscle Pain, Nausea, Multiple Sclerosis, Alzheimer’s, Tourette’s, Rheumatoid Arthritis, Heart Disease, Depression, Anxiety, Chemotherapy side effects, Crohn’s Disease, Chronic Pain, Fibromyalgia, HIV-related Peripheral Neuropathy, Huntington’s Disease, Incontinence, Insomnia, Multiple Sclerosis, Pruritus, Sleep Apnea and the holy grail of all, Cancer.
In lab tests when THC is introduced to Cancer cells, they die on contact. The mutating cell is overwhelmed by the molecule and essentially commits suicide. Healthy cells are left unharmed. Scientist believe this is because the Cancer cells are larger and have more receptors and are simply overwhelmed by the THC molecule and disrupt the reactions inside the cell. There is overwhelming evidence and proof that Hemp oil, a concentrated form of Cannabis, can clear skin Cancer within 14 days, some as few as 4 days. It appears that THC assisted with other compounds in the plant, kills cells that grow uncontrollably, and that is exactly what Cancer is!
The other exciting research being conducted at present is with Epilepsy. Now rediscovered as a treatment, more powerful and successful than any other drugs on the market. Taken in its Hemp oil form, very low in THC and high in CBD, it has massively reduced Epileptic fits in children and adults. Children have gone from 400 fits a week down to just one or none. CNN ran a three part series called ‘Weed’ parts one to three. Parts one and two centered around a young girl named Charlotte Figi. Charlotte was having up to 500 seizures a week and was close to death. A special form of Cannabis was developed to help Charlotte which was subsequently named “Charlotte’s Web”. High in CBD nearly 30% and low in THC 0.3%, it has now reduced her seizures to one every two weeks. The “Charlotte’s Web” strain is now changing the lives of Epilepsy sufferers all over America.
It is interesting to consider that no one has ever died from the use of Marijuana alone, you cannot overdose on Cannabis, in fact the health concerns of Marijuana are minimal when compared to the extremely popular use of Alcohol, Cigarettes, and the ever increasingly worrisome use of Pharmaceutical drugs. What do those 3 things have in common? They are legal, almost everywhere around the world. Something is sorely missing here…
All this and we haven’t even touched on the other aspects such as the recreational use that leads to a feeling of happiness and Euphoria. The social aspect of Marijuana transcends Race and Gender. All that matters is the Weed, socialising and the exchanging of ideas. It inspires people in all aspects of creativity, from music to films and back again. The Beatles, The Rolling Stones, The Doors, Bob Marley, Pink Floyd, nearly all Rappers, Scientists, Philosophers and Thinkers throughout time have attributed Cannabis as a driving force for creativity. Whenever a film is made about weed it is normally a feel good comedy, which is in stark contrast to any films made about Alcohol, Cocaine or Heroin use, that are normally dark and full of violence, death and broken dreams.
So why would a plant that has so many uses and can effectively treat Epilepsy and Cancer be illegal? The answer would appear to be the amount of personal freedom it gives us all as individuals, as we can all grow and process this plant. People who regularly smoke Cannabis report a happier and more peaceful life, spending more time in the now, and less time worrying about the stresses of life. If made 100% legal, a lot of big Corporations and Pharmaceutical companies would go out of business and for some reason the people who rule us don’t want you happy and relaxed. They want you worried about money so you will work and then they can tax you and keep their machine turning over. As Michael Jackson said “They don’t really care about us” and in this case, he couldn’t be more right.
This documentary seeks to be the ultimate Odyssey of exploration into Cannabis and its various uses starting from the formation of the Endocannabinoid system in the simple sea squirt, through to its early uses, through to the plant’s medical benefits and landing at the modern legalisation movements across the Globe. Where the billions generated in tax could be re-invested back into hospitals, roads, fire departments, scientific research, community projects and the list goes on.
HEMP TRULY IS A PLANT THAT COULD SAVE THE WORLD…… AND US WITH IT!
GENE real-time bid/ask 1:18 am $1/1 Could be another rough day.
Answered: purchasing legal seeds in Ontario
Hello,
Thank you for contacting the Ministry of Agriculture, Food and Rural Affairs Agricultural Information Contact Centre. We appreciate this opportunity to respond to your enquiry. Please note that the information provided is intended for use in Ontario, Canada and may not be applicable for other jurisdictions.
The Ontario Cannabis Store will be selling cannabis seeds, although they are not expected to be available immediately upon legalization. Please monitor the Ontario Cannabis Store website https://ocs.ca for availability.
The Agricultural Information Contact Centre (AICC) takes pride in responding to farm, agri-business and rural business inquiries in a timely fashion. We want to provide you with the best service possible, and in order to help us accomplish this, we would ask that you please take 1-2 minutes to complete our customer satisfaction survey.
Thank you again for your enquiry, and should you have any further questions please contact us.
Sincerely,
Marnie Webb
Ministry of Agriculture, Food and Rural Affairs
Agricultural Information Contact Centre
1 Stone Rd. W. 4NE Guelph ON N1G 4Y2
1-877-424-1300
TTY: 1-855-696-2811
Website: www.ontario.ca/OMAFRA
Believe me, we are all feeling a little numb about the sector manipulation. It's not just Invictus taking the fall. All the pot stocks I am following have nearly identically trend pattern.
Major institutions are making this happen leaving investors to hold the bag while they scoop up the "cheapies".
Barely enough money to eat and pay the bills as most of it is locked up here. Invested $19k and have just over 7k left since February 2018.
Honestly it's tough waking up some days just to question how much more we lost again. If I had piles of extra cash laying around and was financially stable, I would not mind so much.
Playing the markets can be extremely emotionally taxing.
Hopefully things get better sooner than later.
Mistakes happen. We're here to help each other out, not hurt each other.
Cheers.