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Their last one did so why wouldn't this one?
Each unit is a 0.50 share and warrant for one share at 1.00 so technically the value is 0.75.
Based on today's performance, I'm gonna take a wild guess that some of our friends holding 0.20 PP shares managed to sell on OTC
Thanks for the heads up. Nobody will be able to sell their PP shares until the halt is lifted so I could see this causing some downward pressure once trading resumes.
Thanks for posting! Hopefully trading will resume soon.
Nope
http://thecse.com/en/listings/oil-and-gas/vinergy-resources-ltd
You can also check here for trade halts/resumptions:
http://www.iiroc.ca/news/Pages/Halts-Resumptions.aspx
A company that makes Chinese herbal products? What is the point of this exercise again??
http://en.conbagroup.com/index.aspx
MJ Biopharm - A pharma company based in India that is not involved in cannabis at all (look at their list of products)
http://www.mjbiopharm.com/
MJ Biopharma - The Canadian cannabis-focused company being acquired by Vinergy
http://mjbiopharma.com/
They happen to have similar names but do not appear to be related whatsoever.
Bid/Ask at 0.95 on the CSE
http://thecse.com/en/listings/oil-and-gas/vinergy-resources-ltd
It's been posted time and time again on this board and stockhouse how this deal is different than the finore/kushtown deal. Have they closed the deal? Why else would the stock be halted pending a fundamental change?
With respect to your other post it has been well addressed by another poster. They had friends and family get in on a PP for a company they were in talks with to join the board. The PP shares/warrants are unlocking during a time when they can't be traded due to the halt - and that has nothing to do with why they are getting a pump going (why would they try to pump up sp before shares unlock? If sp goes up that just gives more incentive to sell). The logical reason for getting a paid pump going is to build hype in anticipation of a trade resumption.
What I can never understand is why someone who (presumably) doesn't own a stock, and is not shorting a stock, goes on the message board for that stock just to post negative things?
If we break the wall at 0.40 I'm excited to see where it goes from there! These updates are getting me pumped up - even though they are paid promotion, it's a nice reminder of everything VIN has going for it!
Another day of huge volume. Almost matched yesterday's record volume of 644k on the US exchange. Something is brewing.
Vinery update article:
http://marijuanastocks.com/vinnyf-marijuana-stocks-update/
Sorry should have linked in my last post.
Just want to point out, NOT BASHING.
Marijuanastocks.com and, by association, wolf of weed street are being paid to promote VIN which is why all the tweets and articles all of a sudden. Disclaimer from their article:
Pursuant to an agreement between MAPH and Vinergy Resources, we were hired for a period of 1 month from 5/1/2017 – 6/1/2017 to publicly disseminate information about (VNNYF) including on the Website and other media including Facebook and Twitter. We are being paid $150,000 (CASH) for or “ZERO” shares of restricted or unrestricted common shares. We own zero shares of (VNNYF) which we purchased in the open market.
To me this isn't a huge deal as it's not that uncommon and VIN has certainly done it in the past. In fact it actually gets me excited because VIN is clearly trying to drum up some hype in anticipation of the trade resumption. Which means we are closer to being trading again!
Also, important to mention that there isn't any false information (that I noticed) in their post. Also, VIN did a HUGE among of volume today on the US exchange - 644k shares traded hands when the prior average was about 80-90k. Seems like something is brewing.
Awesome thanks for sharing! Chris Parry said the halt could go to the end of May so hopefully this is an exciting month with resumption of trading and increased hype!
Namaste signs definitive agreement to acquire Cannmart has implications for VIN
I already posted this on stockhouse, but Namaste has officially acquired Cannmart, which will give them the ability to sell cannabis products through their e-commerce platform.
This is important news for VIN, as we previously signed a MOU with Namaste to "distribute proprietary formulations to Namaste's over 300,000 unique visitors per month."
http://www.stockhouse.com/news/press-releases/2017/03/14/vinergy-resources-mj-biopharma-announces-memorandum-of-understanding-with#CE2BZzrkyqhVigRU.99
At the time that the MOU was announced I found it odd, given that VIN makes cannabis products and Namaste was not able to sell actual cannabis (they were only selling accessories). With this new acquisition of Cannmart (which is HC licensed for sale only) they will now be able to sell cannabis products (including VIN's).
I just asked Chris Parry about VIN on twitch. Gave some great insight.
He's met with them at their facilities and said they have a bunch of products being developed, some of which he's tried. He specifically said they are doing breath strips and said they offered for him to try some gum they developed. The products are in a sort of industrial type phase right now as they are still in development. Said they kind of have a mad scientist thing going on lol.
He said the halt, from what he has heard, is for a change of business from a mining company to a weed company. Also said the CSE is usually pretty quick for these things but it will probably be end of May before the halt is stopped. Usually there is a sell off after long halts because people want to free up money for other stuff they've been waiting to get into but couldn't cuz their cash was tied up, so that might hurt sp right after the halt. But, he said he is hoping that they will back up a bunch of news releases and start hammering them out as soon as the halt is done, and he thinks this may be exactly what they'll do. He said they're far from amateurs over there, and unfortunately during the halt they have to keep quiet. He also mentioned he owns VIN at around 0.80.
I've never used twitch before but I think the video of the stream will be available at:
https://www.twitch.tv/equitydotguru
So you can have a listen. I think I pretty much covered everything he said though.
Where's the update from Chris Parry?!
Thanks for posting, hopefully we'll get an update soon!
First of all, it's still actively trading on the US exchange so to say it's permanently halted makes no sense. Second, these take time. When WER became LIB it took months before it resumed trading under the new name. Hoping that doesn't happen here.
20% gain got taken out at end of day
CSE Policy 8 - Fundamental changes
A fundamental change or change of business of a Listed Issuer effectively results in a new issuer, such that the existing disclosure record cannot be relied upon to fairly value the company’s securities. Listed Issuers that are contemplating a transaction or series of transactions that may be a fundamental change or change of business must consult with the Exchange at an early stage to determine how the exchange will characterize the transaction.
(a) A “fundamental change” is a major acquisition accompanied or preceded by a change of control.
1.2 A "major acquisition" by a Listed Issuer means an asset purchase, business acquisition (whether for cash or securities), take-over (formal bid or exempt bid), amalgamation, arrangement or other form of merger, the result of which is that for the next 12 month period at least 50% of the Listed Issuer’s
(a) assets will be comprised of or
(b) anticipated revenues are expected to be derived from
the assets, properties, businesses or other interests that are the subject of the major acquisition.
AND
1.5 (a) The Market Regulator will halt trading in the securities of the Listed Issuer upon the announcement of a fundamental change to permit dissemination of the material information. The Exchange will require the Market Regulator to continue the halt at least until the documentation required under sections 1.6 and 1.7 have been accepted and posted. During the halt, no Dealer may quote or trade in the security in any marketplace or over-the-counter, either as principal or agent.
Sounds like closing of the MJ biopharma deal in which they are acquiring 65% would qualify as a major acquisition that would warrant a halt.
I hope you're right!!
Or the MJ Biopharma deal went through and they will now be called MJ Biopharma?
I wish I knew! I feel like it must be good news coming though if there is this much volume on US side.
I looked for other examples of this type of halt, and found that one happened when Weststar Resources became Liberty Leaf Holdings. see my post here:
http://www.stockhouse.com/companies/bullboard?symbol=c.vin&postid=26084415
Not halted on US exchange, but still halted on Canadian exchange (CSE) - still no news. It is halted on the CSE "Pending review of fundamental change by listing exchange"
Still halted. The suspense is killing me!
Halted pending news
IIROC Trading Halt - VIN
Apr 4, 2017
VANCOUVER, April 4, 2017 /CNW/ - The following issues have been halted by IIROC:
Company: Vinergy Resources Ltd
CSE Symbol: VIN
Reason: At the Request of the Company Pending News
Halt Time (ET): 1:26 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
For further information: IIROC Inquiries 1-877-442-4322 (Option 2) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
http://iiroc.mediaroom.com/index.php?s=2429&item=149210
That deal has been off the table for a while now. Since late Feb when they announced acquiring 65% of Biolennia - see the news release for the Biolennia announcement.
haha! I think there's a Facundo Bacardi at every level of their family tree
Really good point... although from the link shared earlier:
Mr. Facundo L. Bacardi is Independent Director of the company. Mr. Bacardi is a current shareholder and member of the family that owns and controls Bacardi Ltd., a worldwide liquor manufacturer and distributor. From 1979 to 1991, he was in charge of Bacardi’s manufacturing and distribution division for Nassau, Brazil, Trinidad and Central America. Currently, Mr. Bacardi serves as a director of Suramericana de Inversiones, S.A., an investment company located in Panama, and has served in that capacity since 1990. Mr. Bacardi is a founding shareholder of JSM Capital Holding Corp., a significant shareholder of the Company.
Source Global Arena Holdings
http://www.reuters.com/finance/stocks/companyOfficers?symbol=GAHC.PK
Maybe he's older than he looks? This is very confusing. Someone may have to just e-mail vinergy
veerrrryy interesting find B0RGS. Thanks for sharing.
Thanks for digging deeper on this! I guess I was wrong.
Isn't it a bit odd that they say in the NR that he is the honorary consul for the Bahamas in Panama? Which is clearly a different Fecundo Bacardi?? Is that sketchy?
Some information about our new board member:
Our guy is Mr. Facundo Ignacio Bacardi. I found this by looking for the honorary consul to bahamas in panama (mentioned in the NR).
https://embassy-finder.com/bahamas_in_panama-city_panama
http://www.consulate-info.com/consulate/6139/Bahamas-in-Panama-City
http://mofa.gov.bs/wp-content/uploads/2016/02/BAHAMAS-HONORARY-CONSULATES-ABROAD1.pdf
I found one other page related to him but it doesn't give much
https://en.datocapital.com/pa/executives/Facundo-Ignacio-Bacardi.html
Here's a video in which he is speaking if you want to put a face to the name (in spanish so don't know what he's saying):
Some information about our new board member:
Our guy is Mr. Facundo Ignacio Bacardi. I found this by looking for the honorary consul to bahamas in panama (mentioned in the NR).
https://embassy-finder.com/bahamas_in_panama-city_panama
http://www.consulate-info.com/consulate/6139/Bahamas-in-Panama-City
http://mofa.gov.bs/wp-content/uploads/2016/02/BAHAMAS-HONORARY-CONSULATES-ABROAD1.pdf
I found one other page related to him but it doesn't give much
https://en.datocapital.com/pa/executives/Facundo-Ignacio-Bacardi.html
Here's a video in which he is speaking if you want to put a face to the name (in spanish so don't know what he's saying):
Does anyone else think that VIN should/could license their oral CBD strips to someone like Emblem?
Anybody have a working link to the presentation deck?? The link shared earlier today doesn't seem to lead anywhere.