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It doesn't help that nothing in the MJ sector has done squat but get the royal smack down over the past year either. It's very clear that sales in this sector haven't done what they were predicted to do.
It's very hard to stay optimistic going in to an ER and EOY report shortly after with the SP here approaching a new 52 week low. It's a very cold time for the MJ market right now.
CVSI really needs to pivot and bring new life to different uses of CBD. The next 2 weeks would be a perfect time to announce some clinicals of some sort.
I'll be preparing my scuba gear in case the waters get too rough.
What do you think the next news post will be?
Product Announcement? (2-6 Months)
Research Clinicals Starting? (1-2 Months)
Political News? (1-2 Months)
Q4 & EOY Report? (1 Month)
Other? (Tomorrow to the end of time)
Just curious what news everyone thinks will be next. That'll also give me an insight to when you think news will drop as I can most likely guess the time frame those announcements would happen.
Thoughts?
Nice catch! Thank you for sharing this great video!
I believe that we are also going to see a correction from "C" (orange) as I feel this area had 2 major factors:
1) The selling of large blocks of stocks which in ONLY assumption was selling of shares to cover taxes by Mona Jr. (SP 1.20 down to 1.01).
2) Then I think it was put on hold as the hemp farmers news bumped it down a litter further coupled with market conditions and the MJ indices at the end of last week/yesterday.
I think that "whoever" is dumping stocks, again, my thoughts only to cover taxes, is just about done. We might see a bit more selling of large blocks as this tries to climb back up to 1.10'ish. Then, we see your A/B (blue) pattern happen, when B (blue) is done, I also feel we see a breakout into earnings (for now).
Short story, I think different forces are at work but overall, I feel that we are both coming to the same conclusion... Crystal ball not included. Anything can cause a change. But a buying opportunity has presented itself for now.
Just another way of thinking about this. Yes, the cost of hemp lower can increase our margins, or lower our profits if it's cheaper for others to get into the HEMP CBD market which creates more competition to a market that is quickly becoming saturated with companies.
I personally think that keeping the cost of hemp up is better for CVSI and other big players that can negotiate bigger contracts keeping their cost down while higher costs overall keep the saturation of the market down as well.
You sell more when the supply is down and the demand is greater versus the abundance of supply that outweighs the demand. I think we are in that phase the past 6 months... Too much supply versus not enough demand yet to buy up all the supply as a whole.
Thank you for your reply. Clearly, I didn't understand the payroll policies well enough yet. I just happened to browse through the Q3 report again and thought hey, they accounted for this 6m+ liability and when they are off the hook surely that had to account as a plus in their favor. Apparently, that's not the case.
Thank you. Just trying to look deeper into things. Not much else I can do at this time.
Here's why CVSI will beat the Q4 or Q1 earnings.
I'm not exactly sure on the legality of yeast grown CBD but I suspect that it's very legal as it has no THC. Isn't that the big issue why only the Industrial hemp strand was made legal? Take away the plant and I don't believe there was a legal issue with CBD itself as it doesn't get you high. All of this is speculation at this point as I don't have any articles to back it up. But I do know Lavvan invested a ton in having this made. Amyris stock soared because of that news.... dropped to $2 from $5 then back up to $5. Many other things at play too.
Lavvan is the company that hired Amyris to develop lab grown CBD using yeast. They started that in January of 2019 and they have delivered as far as I know. No need of seed to shelf, just lab grown pure CBD.
@SpaceLady
I was thinking this morning about something and I was wondering if you had the answers on hand, just to save me some time digging?
1) If CVSI hits their numbers we'd be at 53M-55M for the year?
2) Does that mean if they didn't payout Mona they'd be at 61M-63M?
3) If we say that it's Mona unloading shares to pay taxes, which I think is a VERY good assumption at this point... Doesn't that mean that CVSI won't pay those taxes? That's a very GOOD thing right? That leads me to believe that they actually WILL hit their Year End numbers. In fact, I believe that Mona is still looking out for CVSI in the fact that he WANTS the company to hit their numbers which is why he would be unloading enough shares to pay his own taxes and then keeping the rest of his shares for a big run up this year where it would be more profitable to unload a few more. Why sell for pennies unless he had to right? Those taxes would be rough for any of us to pay if we were in his shoes.
I'm just trying to think of a "if this was me" scenario. I've built businesses and when you do that you become very protective of them. So often business owners put their heart and soul into everything they do to build the company. Regardless if some say CVSI grew so fast it was too much for Mona, that he never expected it... he's still very well vested in the company in regards to his shares as part of his separation agreement... so it only makes sense for him to want to see the company crush it just like the rest of us investors do. Hence, unload some shares to pay his OWN taxes so the company can have a healthy reporting and make their numbers without the added expense of paying the taxes on his separation agreement.
Thoughts?
It worked for me for awhile to accumulate with the same invested funds. I had to do something. I was pretty hot on the movement the last few weeks. Only here and there prior. Now, it's all a hold.
To answer your question on a previous reply, I do fear a little dip on the ER release. I'm going to pull half my shares prior and buy back after, for more or less... but just to protect shares. We're a few weeks off from that though so things could change.
I do feel they will hit their targets but I'm just leary on holding through a bounce. I'd rather either buy back for more or increase shares with the same vested funds if it dips. That's just me though.
I'm long pretty heavy for the rest of the year though with a little day trading to increase shares as we go.
Massive buys and sells the past few days. Is anyone else seeing this? Buys for 360,000 with sells up to 2.6M shares. That's got to be Mona selling right? I don't know of anyone else that can put up 2.6M on the sell... It's absolutely nuts... There is some definite tree shaking going on. It's strategic too because there are large chunks on the buy to prevent the stock from going under 1.06 - 1.07. After this teeter totter is over I'd expect a pretty quick breakout sometime this week.
I loaded up more long shares today. Not day trading CVSI this week with this going on.
Yes, end of March. My bad... I had February 10 stuck in my head for some reason today.
What a day for CVSI... .18 swing. Looking for a small dip tomorrow down to about 1.14 where I'll put up a wall and hope for a rip up into the mid 1.20's to close.
I still have to look at the charts, take in consideration news, trading emotions and other things going on in the world but for now, that's the plan.
I didn't expect to get .06 off the 1.40 so fast today... However, I didn't think my large block order at 1.16 would be filled either but stayed disciplined and got my fill. More free shares to add to the long pile.
I still don't think we'll see under 1.10 this week or over 1.40. If tomorrow doesn't go great we should see nice green days Thursday/Friday. Otherwise, back to the drawing board. Still progress either way.
As for news of the golf sponsorship. I like it. I thinks it's a great way to create brand awareness in an industry where people won't cough at the price of a WORKING product. They'll just buy it and become long term customers.
I also like the fact that we are a first in sponsorship for CBD in that space. It shows strength. I think today was an eye opener of our potential outbreaks. We even landed in a safe space at market close.
May all your trades land in the green.
Take care.
Today was a great day! Loving the price action and big swings. I'd expect a dip and rip on Tuesday. I think the bigger the dip is the bigger the rip upwards will be. Not sure if that'll all play out but I do expect some larger chunks being sold Tuesday based on previous chart actions. If we can end up in the 1.30's - 1.40's in the short week next week that'd be amazing.
I don't expect a dip below 1.10 at all next week. I also don't expect to get higher than 1.45 though either. We shall see. Entry points would be in the higher teens (1.16-1.19), exit points in the higher 1.30's for short players with 20k+ shares.
Anyone else care to comment on what you predict for next weeks price action?
I posted last night that I thought we'd be due for a run today and I also think that we'll settle back at 1.15... that was my exact mark. We both could be off on that though if this run gets silly (in a good way).
I hear you on the white labeling... I've been battling whether it would be good or not but other companies that are doing this are crushing it in sales. So that's why I keep bringing it up.
At least we both agree on the Pet line part
CBDistillery was one of the companies that I was talking about recently. I've had clients approach us to build websites selling this brand either outright or as a white labeled brand but with their CBD.
I didn't know they had GRAS as well. That article is new news to me.
I'm seeing a lot of really great conversation going on today. Good constructive opinions and views. So thank you all for your time and views today!
I was a bit disappointed today. I thought with hitting a high of 1.22 yesterday and then retracing some of that back that we'd start doing the day to day rubber band (going down, then back up) and ending the day closer to 1.20 or possibly tickling that and then more for a break even day. I wouldn't have thought we'd be down 4.5%.
More than not, Friday's are a down day but perhaps tomorrow we see the opposite happen here as a delayed reaction to the sector moving up this week as a whole as well as the legislation news (minimal movement here from that). Also, seeing that we are starting below 1.11, could mean a strong buy sign for a green day tomorrow.
We shall see. SP up or down... may all your trades be green!
Take care.
I would suspect that there will be another pop here shortly pushing back in to the lower 1.20's. 1.11 is getting tested like crazy but it's not budging. I'm looking for an 8% adjustment up from 1.11.
Anyone else have predictions based on their data they would like to share?
Thank you.
I would agree with you that this is simply OTC craziness. It could be that some thought the recent gains were tied to legislation rather than ICR. I see no great spikes from the legislation news here yet. So maybe we are just delayed a little... It'll sink in to investors not to miss out on our spike here soon.
I saw an infomercial this weekend for CBD that aired here in Ohio. It wasn't CVSI. It was another company that was talking about making sure your CBD Oil is full spectrum, making sure the manufacturing process is controlled and they have a CBD Pet line as well. The competition is heating up. There are many companies that are going to be a lot more aggressive than CVSI. We might be at the top now, but without competing on all levels of marketing, I'm not so sure we'll be staying there.
The only good part is that for now, the more people that use CBD, the more product lines they will try until they find one that works. I highly doubt our products are the only ones that work though.
Any thoughts to this? I see victory when our local stores sell +CBD but then I see infomercials where I'm like "damn, why can't that be +CBD".
I think it was just rumored because of some domain names they purchased. But yeah, nothing official that I've found either. So yes, wishful thinking at this point. However, they have to use the new domain names for something, so... perhaps that master plan is revealed soon?
Take care.
CVSI's marketing pieces they are sending out are looking REALLY good!
Check it out if you don't receive them already:
Emailed Marketing Piece