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The stock may or may not be being manipulated. But right now, one thing is clear, money is being stolen. Where is the 4 mil? Where is the millions owed in accounts receivable? Theft, thats why the price is not going up. Theft as in embezzlement. Prove me wrong, account for all the money "disappearing"
You are upsetting the "dreamers" , you know the ones that believe Bill is doing a great job. The ones that blame everything else but Bill and the Board. Why does Bill not attempt a seat at the table? Maybe he is not welcome because they know who he is.
He has literally run LVVV into the ground, siphoning off money, what used to be known as skimming, but even the mob where not hogs like him.
Where is our money Bill? The clock is ticking
You have not answered one of my questions.
You are accepting the disappearance of millions of dollars that should be in LVVV's cash account? I am not losing my cool "before" the just before a rally. Show me the rally? When does the rally start?
A few folks on a board are not stopping a rally.
So enlighten us, where/when is the rally going to start? I would thoroughly enjoy to hear this so I hope you answer, then while at it
Who is the "due from related parties"?
Why is he giving them money every quarter when LVVV is not paying its debts?
Why is he giving them money when he is not paying property taxes?
How much interest are the "related parties" paying?
Is there a written agreement for these loans?
Are these loans collateralized?
What are the terms of these loans"
When will we be getting the money back?
Why are they, quarter after quarter, sucking up more of LVVV's profits and not making payments?
Why are we, at the least, not getting interest only payments?
What are these LLC and why is it not listed as wholly owned Estrella River farms LLC, Estrella Ranch Partners LLC?
If you can answer these to the satisfaction of shareholders things can change. I know Bill should, but he will not. This is actually perfect for a class action attorney to dig into.
White Deer has some open cells and if it is like it smells, they will soon be filled.
If so, who owns them?
If they are an asset they are not listed, so is this a side deal to launder the money from the shareholders?
Why does the notes receivable never go down, literally almost 4.5 mil ?
The only asset investment shown is Mojave Jane
Those financials smell like raw sewage
Something is wrong and until we get to the bottom of this, the losses and possible theft will grow exponentially
Others may sit there and not question I will not
Priceless "You try to sound smart, but your advise is terrible" Did you mean advice.
Try to sound smart? Do you know my portfolio and the tax loss harvesting I have done all year? Again, you do not know about investing, I was responding to your comment that I should sell. Tax loss harvesting is based on every individuals tax liabilities, not an automatic thing for everyone.
So, I repeat I do not sell a stock that's at 1/10 its value. I tax harvest throughout the year. With Bill's second quarter bs report, he stated how we tripled the growth and the money will appear in the 3rd quarter. Who would sell with the knowledge of tripling its growth.
So are you telling me I should have sold then? Did I think that Bill was going to keep giving the profits to some unknown scam that does not pay us back?
Would it have been ignorant for me to think, after tripling the growth, LVVV would have not paid any bills and have 20k less cash than at the 22 year end report?
Only foolish investors tell other investors how to run their portfolio. Only fools defend the scam called LVVV.
Oh and btw I am in and waiting for class action to be filed. I am sure someone, if not myself will be moving forward with one at some point.
Bill AND the Board have some explaining to do, maybe if he puts the blunt down, he can answer the questions below to the satisfaction of his stock holders
Who is the "due from related parties"?
Why is he giving them money every quarter when LVVV is not paying its debts?
Why is he giving them money when he is not paying property taxes?
How much interest are the "related parties" paying?
Is there a written agreement for these loans?
Are these loans collateralized?
What are the terms of these loans"
When will we be getting the money back?
Why are they, quarter after quarter, sucking up more of LVVV's profits and not making payments?
Why are we, at the least, not getting interest only payments?
Those are a start
Go back and read all of your posts, then tell me you do not defend this company. My point about other investments is its not my first time to the rodeo. I have no problem losing, I have lost and won at the stock market. What I have is a problem with fraud and that is exactly what will be sent to the SEC. It will not be about stock prices or other nonsense. It will be about fraud.
My money is lost, so I will not take amateur advice and sell. Only an amateur sells when the stock is worth 1/10th of what you paid for it. The money is gone so why sell, if I lose the other tenth so be it. I do not care. You should sell if you are worried. I care about getting the powers that be to know people are watching. Burning things to the ground has never bothered me.
Have you ever been involved or known someone investigated by the SEC? I did not think so, so amateur knowledge serves no purpose. I know someone who went to prison for stock fraud, maybe read my other post. It had the same smell as this, and he got caught, the whole board got caught and three went to prison. Their life savings gone. His career is gone. He works as a laborer now in Manhattan. Imagine getting out at 53 and starting a career as a laborer at 54. You worked white collar your whole life, now blue collar cleaning toilets and construction debris.
So please do not be an expert on the SEC, I certainly do not pretend to but I know what happens with fuzzy accounting. Chances are LVVV will go poof so maybe start questioning and stop trying to make excuses.
Thanks Bill , err Jrf30 for your response. But when money is disappearing from a company with no accounting for where it is actually going. When some company has over two million dollars of LVVVs money and LVVV has 58k, is not paying its debts, taxes, loans the SEC would love to look at it. They make their bones on the small fish. It's the two dollar window at the track that makes all the money.
Oh and I have no idea who the disbarred attorney is here. But I am wondering why you so endlessly defend the poor management and possible embezzlement of the funds. You sound like what I imagine Bill or another member of LVVVs board would sound like. You never sound like an actual investor.
If nothing is wrong, the SEC will clear it, so I am not sure why you are so defensive. If I was a principal of a company, where folks where questioning my management, I certainly would love to clear my name.
So you are happy with no accounting for the two million? You think that's acceptable? Look who is playing the defending attorney here.
BTW the stock price is a direct effect of the manipulation and "loans" of the money. Who would invest reading these financials. My money is gone, I have lost much here but my other bets pay off. I am a big boy and have over 78 others investments in my portfolio. A loss here and there is expected but I do not like games, where is the 2 million? Why is someone else getting 2 million of LVVVs money? Why are they getting the money when the bills are not being paid.
You may be naive but no one is that naive
Yes. I know but am waiting a bit longer. I think we all should give it some more time. Fact is we should have it written properly. No amateur should write it. I may have someone I know that knows the ins and outs and proper wording do it.
They get many complaints but written properly goes to the top of the pile.
https://www.sec.gov/oiea/Complaint.html
It would be great if Bill would explain who the related companies are and why they have 2 mil of our money and we have 58k
How he went from 1 acre of widely spaced plants to 3 acres of closer planted crop and we made less money.
Bill and the Board think that the SEC does not worry about penny stocks. That they are a known risk. However that's false, they do care. Their belief is that if a company fails they will investigate, but if there is clear fraud, they will arrest and prosecute to the full extent of the law.
I do not care how much Billy and the board have stolen, they cannot afford the costs of putting up a defense against the SEC. I believe Bill's son works for LVVV also am I correct? If so, he will be going to jail. Look at Madhoff's sons, both lost everything, one committed suicide.
We had a three acre harvest, no debts or property taxes paid and all we have to show for it is less cash on hand then in Dec 2022. Really? 56K Cash and almost the same $331k receivables?
Why is the $2,038,684 not a receivable? Why is that "due from related parties" growing when LVVV cannot pay their debts?
Why is the Board standing idly by? Why, because they are culpable. The day of reckoning is coming
This scam has nothing to do with banking. Where, who and why is the money going to when Billy Boy cannot even pay the property taxes or debts. Seriously, 2 million in unsecured "loans" to who knows who?
That's not a banking problem, that's a scam problem
Well Mr Housepainter, how did that BIG day work out for you? How is it working out today?
Something is fishy with the "due from related parties" Have to wonder if the related parties are a bank in the Cayman Islands. How does the money OWED to LVVV keep going up every quarter?
Has anyone EVER seen any repayments?
Bill is clearly a pos con man, White Deer, Penn will be a long term stay, but at least they give you clothes and matching shoes. On Fridays they have pizza night. Once a year there is a family picnic day within the gates. At the end of the day there is an anal cavity search, bend em and spread em. He should enjoy what he has for now, along with the other, culpable board members. I have seen this exact situation before, all pleaded guilty, they took every asset away and locked them up for 10 years. Then they went after family members that took any money
Do not ask how I know
Thoughts? Even street dealers know not to front product. Where is all the product going to that we are not getting paid for. Where is the accounting, as in why is there "due from related parties" that just keeps going UP
Who are the "related parties" Why is their debt building? Why are we fronting? Why are they not paying?
"We may require additional
funding to sustain our operations and satisfy our contractual obligations for our planned operations. Our ability to establish
the Company as a going concern may depend on our ability to obtain additional funding to finance our planned operations"
Why, LVVV is owed over 2mil, but yet they have to borrow and struggle? I want to know why is the debt owed to LVVV going up? Are they paying interest on that money? Lvvv has to borrow and pay interest. What is going on?
If you happen to reach him, ask him how does he expect to build confidence in a stock when his financials are always late? Tell him thats the least he could do for his stockholders
He does not care. He is lining his pockets, thats all it is about. Look at today, down because he is incapable of putting a financial statement out on time. He has to be the absolute worst excuse for a CEO that I have ever found. He is pathetic and the board is as well
Thanks got it
No, what it means is that you are not doing any research, or expecting that others do not. On another post you seem to not know who holds the licensing/permits
Just look at what you posted.
"What I think confuses some investors is the idea that revenue from Estrella River Farms harvests.. a affiliate company of LVVV that has a master service agreement with LVVV can be claimed by LVVV as revenue on the financial statements of LVVV
My opinion is that ERF doesn’t need LVVV anymore and is self funded by the money from the harvest proceeds it generates and doesn’t report any ERF revenue numbers to LVVV"
Q2 2023 Financial Highlights
• Net Profit in Q2, 2023 was $230,924, an increase of 26% compared to Q2, 2022
• Sales in Q 2, 2023, amounted to $363,518, compared to $463,313 in Q2, 2022
• Assets increased to $7,007,986, an increase of $736,083 in Q2 2022
• Our Assets exceeded our Liabilities by $2,510,310.
Bill Hodson, CEO of LiveWire, states, “As cannabis consumers have become more educated and demand ever-increasing quality, taste, convenience, and efficacy, the “Estrella Weedery” branded and private label sun-grown specialty products, cultivated on Estrella Ranch in Paso Robles, are passionately focused on meeting these demands. During the development process of developing our beautiful Ranch into three initial acres of a high-quality cultivation area to grow the best sun-grown California cannabis, we have gathered an exceptional amount of priceless experience and assembled the best cultivation team in California to work the Estrella River Farms. LiveWire is ready to move into the next stage of performance as a public company in a complicated yet still very promising industry.”
Mr. Hodson continues, “Our strict implementation of a low-overhead, high-quality products, and highly efficient business model has now put us in a position for improving our financial performance, with most of the results generated during the 2nd quarter will still fall into the second half of 2023 for financial reporting purposes. Accordingly, we have high expectations for a strong performance in Q3 and Q4 of this year and an even better performance for all of 2024. We believe that our business model and the improving general market conditions represent a promising opportunity for experienced and somewhat risk-tolerant investors in the sector.
No, the cash flow was late second quarter, the harvest was in before the end of the second quarter and being distributed. It should not take 3+ months for receivables to show up. If they do not show the profit from the 2nd quarter, there is something seriously wrong. The harvest was in for the third quarter and being sold, six weeks or so ago. Are you saying that a harvest that came in 6 weeks or so ago would not show income for the 4th quarter.
If thats so, its not a maybe that there is monkey business, its a guarantee.
If I produce a widget in May and ship it out. You are saying I should not get paid for the widgit until October? Who actually believes this?
So if and when the next quarterly report comes out for the 3rd quarter. I am expecting to see a huge profit since we supposedly had a 3 acre grow/harvest late in the second quarter/beginning third quarter.
Thank you
How to change log in id. Any help? Thanks
I wonder if the Board members are sharp enough to realize that they are culpable for any fraud that may be occuring. Maybe the issue is they are all getting high on our supply. This is not an observation but just wondering
Wow, attempting a personal attack. Thats nice Bill. Reading and comprehension should go hand in hand. Perhaps you should go back and read my posts a few times.
Its always the apologists and the excuse makers that blame everyone but the person at fault. Because we all know that all the millionaires are looking to do Bill in. They have no other targets but Bill so its not Bills fault that Bill does not pay his debts, or put up timely quarterly reports that are correct the first time, or maybe fourth time. We know it is others faults and not Bill's😴
Sounds very nice but explain how a stock, a company that was trading at over a penny just about a year ago, is doing worse after restrictions on the industry have started to get better, the company has all the proper permits and inspections and, the big one, the company has had six profitable quarters.
Six and it has yet to pay off one lender, property taxes etc.
Explain how a company, bringing in more income and is not paying off debts? Tell me, where is that money going?
I know there are many apologists and defenders but I live in a business world, not a dream sequence.
Tell me, where is the money going?
I too was a huge supporter of this company but I cannot get past the pathetic business practices of a company that is clearly on the road to implosion
I bought on the dips. If I could not afford the loss I would not bet the max. Loss of investment should always be expected so I never cry. But I do not approve of fraud. If I suspect something, I am a pit bull, I do not cry, I get angry and then I get motivated. I am currently between angry and motivated right now. Stay tuned.
I hold 28 million or so. I am sure that there are others with more than me. I am waiting until the first quarter of next year. This time of year is hard to weigh as many will sell off to cover gains. That is not to say I am sitting on my hands right now.
But I want to see some of the lenders paid off and property taxes off the books by the end of this year. I also want to see quarterly reports released sooner and not having to be corrected numerous times. If these are not accomplished it will be time to act.
I agree, he, as of the last quarter, is not paying off his creditors, he is not paying property taxes, is diluting shares, I can go on. I believe that is enough for an SEC investigation into Bill, his fuzzy math and disappearing profits.
As I posted before, winning and losing, stocks are a gamble. But fraud is fraud and Bill is thumbing his nose at shareholders. If it is what it appears to be, he will be spending all "his" money on attorneys and then paying bubba his cell mate for protection. Having spent some time learning, you are the hunter or the prey. The prey get bled out of cash and then shared amongst the hunters, kind of like Ned Beatty
So the profits are being loaned. Hmm. At what rate of return? What are the shareholders getting in return for loaned profits? Clearly the shareholders should see the corporation showing profits for the loans. Are there no profits shown on the loans? Is Bill and the BOD just loaning money out with zero return? Do the shareholders have ownership in the companies getting these loans? Surely there has to be minutes to the board meetings of a publicly traded company. No one person can just unilaterally loan money to other companies without board approval.
It has gotten to the point of there being something really wrong here. You cannot operate a corporation out of the back of a pick up truck, let alone a publicly traded company.
Federal prison is generally in the future of people who have done shady things. A BOD cannot claim ignorance, as its their job to make decisions and ascertain the the corporation is being run in a way that's both responsible and beneficial to both the business and its shareholders.
If there is no benefit, no return and no accounting of what companies got this money, that is a problem.
All CA corporations and in probably 99.9% of the USA require a BOD of at least three
So he has still not paid the taxes. What a pos he is. Is he smoking up the money? Where are the profits going? It is time for a complaint to the SEC and then maybe a class action.
Why is he in charge?
Who put him in charge?
Where are the Board of Directors?
Why are they allowing this to go on?
Are they in on it?
And before the defenders jump in, a stock is a risk, but a calculated risk. When I buy I know I am taking a risk. Stocks go up or down for various reasons. Fraud should not be one of them.
Where is the Board of Directors, and who are they. They complicit by their inaction.
It is Bill's fault for non promotion, always trying to find the next dream instead of focusing on building this up. Why are the financials always late? Why are they usually wrong and have to be re-submitted numerous times. Why is he always short to pay bills? Six straight profitable quarters and have the back taxes been paid? Have the folks he owes money to been paid? Where does all the money go? Up in smoke.
This is truly a disgrace and he should be held responsible for not properly handling the investors money. As a CEO he has a fiduciary duty to the investors. The only hope left is if he somehow wakes up, stops pissing money on bad ideas and hires a professional company to handle promotion.
I have come to the realization that Bill does not want any public scrutiny, hence the reason for not having a professional publicist. With more public scrutiny it will make it much more difficult to embezzle, bury the finances in bogus schemes or manage so poorly, whichever is the reason.
Like others I am holding because the money is already lost and I already have enough write offs this year.
It is one thing to invest in a stock and it loses, it is another thing when the CEO is not performing his fiduciary duty and the stock loses. I have my doubts that this stock will ever get to one penny. There is no reason for it being this low. Positive income the last six quarters and the stock will soon be down to .0002. Thats fraud. Forensic accountants will have a field day, cash or not, they know how to follow the money. Someone will probably be going to federal prison if an investigation is performed.
While I am not happy with Bill's actions or lack of. I think that endlessly posting false information does not help the situation. I find that your "info" is always wrong, always.
The previous harvest was sold out. This harvest will be huge. It's not fungus infected, there is no glut. You actually made those same claims the last few harvests. You have also claimed that the rains a while back destroyed the crop. You have made posted false information about the climate in that region.
While I have little faith in Bill and have numerous questions that I will not raise here. Spewing known false information is counterintuitive and frankly, despicable.
Yes, double or nothing that would be. Leaning towards nothing as Nero is fiddling
The issue is the third quarter ended and we will see nothing until late November, by then it will be a memory. At least he is able to line his pockets
You have more faith then me
I had 9 zeros before my 1
You must believe in the PE ratio😛
Maybe today is the day we get to
.0000000001 This is exciting. We get to lose it all.
Yes, but have you looked at the PE ratio😴🤔