Married
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Honestly without a huge buyer or buyers, or a big institution taking a position, its very easy to control such a low float stock. The good thing is when they cover its a rocket ship and the day of reckoning is approaching.
Best a bull can really do is buy into the massive fear and panic. Just my opinion, picked up almost 2000 shares today.
Go village people and ask yourself is this company performing well, is the management invested and smart, has anything negative actually happened(besides massively shorted stock). Answer those questions and then decide what to do. Dont buy or sell on emotion, follow facts.
Ok thanks for your reply.. Go Vate!!
Do you know him personally? Why 0 doubts about him? His share structure set up definitely caused me doubts, however im not his personal friend.
I do think regs will help the cbd sector.
I kept 1M but seriously have my doubts sleek. The hard core believers in RM should be selling other stocks to load if they are true in their beliefs.
Thats all I'm willing to risk based on what I know and believe.
Since RM is one of the largest perferred shareholders, if he wants to instill real confidence retire his perferred shares with no conversions, instead of lining his pockets at our expense.
Arent you adding a few million at this great price? At least get your 1M bid at .018?
Just wondering
What bid support?? I see lots available at .0199.
No I have no idea. I just was told that some of the perferred are being converted. Was not provided how many were being converted, maybe in next filing.
They probably aren't selling the shares they are converting perferred shares into real shares that have a value of .02. So any thing above .001 is profit for them. Who knows when they will dump but I suspect on the next nice run.
It causes downward pressure because the converted shares are being added to the float, like a printing press, shares issued for free to those select 5 shareholders at our expense.
The good thing is maybe they converting now before a big pump for higher returns. Makes alot sense to convert when low stock price for bigger returns when they sell.
Sleek I hope your right. I am hoping RM will keep things quiet like he has been letting the 5 shareholders finish converting their perferred shares and then issue tons of good news so they can sell on the pump along with us :)
Go vate! Im in for that scenario!!
No he issued perferred shares 2 years ago at .001 to 5 shareholders and now they converting these perferred shares that cost nothing into real shares at .02 for 100% pure profit to these 5 shareholders and at the shareholders expense. This conversion results in 100% pure dilution and has been going on per company responses to me. Do you understand that?
Shame on you being happy at another person loss but you can address your ill will with your god but ty for showing me and others your true color sir.
Btw I am sorry for your losses as well as every single shareholder here as everyone is at a loss that is loyal long. Everyone
Your a good man sir but blind faith only works for jesus. Why didnt you have medico address the free given perferred shares that equate to over 300M in dilution?
Can we address the elephant or continue hiding are heads in the sand like camels?
Well?
Why do you think constant downward pressure since .06 with almost 0 new investors.
Go villagers:) great news!!
I think you have very good words of wisdom.
I was a very loyal long investor here but with the companies lack of ability to get any exposure to new investors, the approximately 300M shares of overhang due to perferred share conversions, and the lack of any news on adding new distributors over the past month has convinced me your words resonate well. I have reduced my position by 80% and hold a much smaller (1M shares) high risk position just in case. Hope im wrong for the loyal investors here but Medico seriously needs to address some things:
1. Monthly or at least some Sales progress? Why no 100,000 order for coffee cans?
2. Perferred share conversions and share overhang
3. MARKET EXPOSURE and efforts to get more investor interest.
4. Increased distributors?
5. Efforts to avoid being steamed rolled when the big companies enter the market.
If I wasn't still a shareholder I'd recommend a symbol change from vate to TURD. As a bit of humor myself and all I got invested in this, refer to it by that symbol now.
May we be very wrong here for the loyal but I truly agree with your risk adjusted thinking and Captain Medico get off your rump and get some new investor intrest and address the real elephant in the room.
Hey village people, did anyone else notice the tinest bit of green today. I thought god had eliminated this color out of the color prism.
Maybe he decided green is good. 5 months past due and thank you lord. Dont need foodstamps yet.
Erpy :) humor can heal
https://shortdata.ca/stock/VFF.TO/
11,616 short trades
29% short trade
$27.7M short value
October 1st data
I talked with Lawrence again today. I think having a $360M market cap isnt really helping get institutional investors. He says the short position in Vff is consistent with the short positions with their competitors in the sector. They are trying (promoting the company) weekly.
I think we may have to wait this craziness out. Best a true long can do is accumulate at the cheap. If they believe.
Here is his contact information:
Lawrence Chamberlain
Village Farms Investor Relations
416-519-4196
We have a CEO that knows what hes doing and truly has to date, done a masterful job in a new emerging sector.
Im holding every share I have.
He did point out, while many in the sector were down up to 10% yesterday, vff wasnt and that says something:)
Sure we can all sit here and just suffer huge short positions creaming our investment daily or we can ask vff management to help minimize impact and support their loyal investors by shaking the trees of institutional investment to smoke the shorts ass.
Did you contact the company and ask ? Did you?
Retail can't do it, deep pocket shorts from NY per Steve Ruffini, only new institutional ownership moves us out of this nightmare and bullshit.
Fair value is $30 bulls still dont get it.
Timber, retail has no chance id say.
Thank you ! Appreciate your input !
Go villagers !!
Any good technical trader have a guess at the vff bottom? 8.89 last support I think...
Im going to guess at 9.0. Anyone else have a guess?
Holding over 30000 shares and will buy one more time here..
Feel stock current fair vale is 20 to $30 and think 200 or 300% gain is very real and very realistic. I am not a technical trader!
Jmho and good luck to the loyals.
The cycle is bears short this to rsi of 20 to 25, let the rsi cool to 40 to 50 then short it back to 20. Seen it time and time again to a lower low.
Rsi at 32 now at 9.1
I wasnt making any recommendations to anyone sleek I was just posting my concerns and sharing information.. To each his own and hope vate smokes it.
The reply was disappointing but will share too, over and out.
All,
I wasn't part of any negotiation regarding the sale or the designation of the Preferred Stock. therefore, I can't answer as to the process behind it. I can see, though that the preferred shares have a 9.99% conversion limitation.
Thanks,
Matt
McMurdo Law Group, LLC
Matthew McMurdo, Esq.
1185 Avenue of the Americas
3rd Floor
New York, New York 10036
That doesnt make it good or irrelevant. I also realize some of the perferred have already been converted which I ignored as there was no way to know how many were converted as of now.
My point is the conversions can go on for a long time and the company says their is nothing they can do about it per my previous post on the subject.
Last post here, moderators please delete all my useless post as always thank you.
Read this ? I told you conversion were holding us down... Ask Management!!!
I DID!!
Ryan,
I’ve done more research on your recent response to me, that preferred shares are being converted and there is nothing you can do about this. In reviewing your last financial report (linik below) you will see the following information:
https://backend.otcmarkets.com/otcapi/company/financial-report/230343/content
Preferred D Authorized: : 4,111,504 (as of 6/30/2019) Trading symbol: VATE CUSIP: 286220 108
Preferred E Authorized: : 3,800,000 (as of 6/30/2019) Trading symbol: VATE CUSIP: 286220 108
You will also so see the following conversion ratios for Preferred E and D shares. D convert at 60 to 1 and E convert at 30 to 1 common shares.
This means
D shares can be converted 4,111,504 X 60 = 246,690,240 (common shares to add to the float)
E Shares can be converted 3,800,000 X 30 =114,000,000
360,690,240 shares can be converted from preferred to common shares owned by 5 shareholders.
Preferred Series D Shares (xix) Period Ending 6/30/2019 (xx) Preferred D Shares Authorized: 6,200,000 (as of 6/30/2019) (xxi) Preferred D Shares Outstanding: 4,411,504 (as of 6/30/2019) (xxii) Freely tradable shares (public float) (xxiii) Number of beneficial shareholders owning at least 100 shares: 4 (xxiv) Total number of beneficial shareholders of record: 4
Preferred Series E Shares (xxv) Period Ending 6/30/2019 (xxvi) Preferred E Shares Authorized: 3,800,000 (as of 6/30/2019) (xxvii) Preferred E Shares Outstanding: 3,800,000 (as of 6/30/2019) (xxviii) Freely tradable shares (public float) (xxix) Number of beneficial shareholders owning at least 100 shares: 1 (xxx) Total number of beneficial shareholders of record: 1
Total Shares issued at of 552,672,378 in August. If all the conversions are converted the total float would be increased by 360M to a new total of 913,362,598 which exceed the authorized shares of 900 M.
Furthermore the company has been adding about 8 to 12M shares to the float every month. At that current dilution rate or conversion rate it would take 30 years to finish the conversions (360,690,240/12,000,000 = 30 years).
Hence I am very concerned that the company has sold our future to 5 shareholders that control all of our destiny as they are allowed to convert all their preferred shares to common shares with no restriction and nothing the company can do about it. Please address this and find out why this isn’t the facts. I plan to sell all 4M of my shares very soon (I have a stop loss set at a preset price to protect my money) unless I hear how you plan to deal with this. This is a very big concern to me and need to understand your plan.
Please find out how the company is not giving away the entire value to 5 shareholders and how will you prevent diluting the stock above the authorized share amount of 900M with all of these unrestricted conversions. Have all investors been hoodwinked by the preferred shares being converted to common to 5 individual shareholders?
Sincerely.
Village Farms Inc.: This Cannabis And Hemp Producer Is Ready To Be Harvested By Investors
Village Farms Inc.: This Cannabis And Hemp Producer Is Ready To Be Harvested By Investors https://seekingalpha.com/article/4293210?source=ansh $VFF
Just put in another 1000 share buy at 9.68 look level 2.
Executed...picked up 3000 more shares today pal
Picked up another 1000 just now at 9.72
TIMBER. irrationality at its greatest effort. Call the company, we need institutional investment or shorts will crush retail.
I keep saying and yes ive told steve ruffini.
Had to pick up 1000 shares
Haha grab one bud and ill get my wife to mix us up a few drinks. I bet eps will be .25 to .30 this quarter will the market care? No they wont. Vff needs institutions to fry the shorts then we will fly. Retail to snall imho.
It will happen but no idea when!!!
Best thing we can do is continue to ask vff management to get institutions on board. Etfs.
Not sure it matters at the moment. The trading going on here is beyond rational.
Sitting in a lawn chair drinking a bloody mary, time to relax and let this irrational behavior pass. Imho make sure your saddlebags are full this horseshit wont continue forever and when the shorts fry this thing will explode like no other short squeeze ever seen. Jmho
Sleek, been here a long time seen many catylst come and go but I have never felt we are truly closer now then we have ever been.
The company has and is making real progress, real growth, and I too believe there is room at this point for the CBD mania!!
Approaching 4M shares, why? Company is by far in its best position ever with the most products and growth in our cusp. Oh wait the stock is at or near the 52 week low. I was taught buy low sell high especially right before the largest mania we will see in a lifetime. Just my humble opinion, im in it to WIN it. Join me if your smart i say. Jmho!! Do what works for you!!
If he doesnt address it after a 30% drop in share price, I agree he is a complete idiot.
Wow went to the bathroom and lost 30% in the blink of an eye.
Stinky
For the true here that have been recently disappointed.
The truth sets us free! Be humble and Kind
"As a public Company we have no say in when anyone converts their shares or not. These investors invested money over 2 years ago and are free to convert as they wish. We understand where you are coming from though and Ryan Medico will be addressing this soon."
Sincerely,
Elev8 Hemp
[t][/t]
Whats your point?
Btw ask the company, the only thing going on the past weeks are approved perferred shares being converted!
Btw shareholders already approved 900,000,000. So whats your point???
Its definitely positive news, it gives them capital they need, replaces debt with better terms for all of us. A company is public for just this reason, it will allow necessary growth imho.
Good job matt.
Tapped out for now, will set my mental stop loss at this point. I have 0 issues with negative or positive post when they are true and accurate. People trying to mislead is truly sad either way.
Good luck on your purchases, I wish the best for you !
Finding a new daily low it appears to me.