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There you go, good news for us/pvsp. Zen $$$
It may seem pathetic but all conversions have a limited daily % and Mammoth has been very diligent in not breaking 3s, hence their was no selling in the dip to 2s which I’m sure was an attempt to get them to sell down there, they did not. Like many, they may keep their last two tranches and leak out slowly as the pps rises. Either way, the deal Riss made renegotiating the loan saved millions and maybe a billion shares, it was a good debt reduction deal!! As usual, time is on the side of the hedge relative to trading, traders become frustrated but just another day at the office for the brokers. Most traders have a one week to three month projection window while they use a 1-5 year proforma, especially in a relatively new public sector, cannabis. As many of us have been in pvsp for 8+ years we have only been in the weed biz, basically a startup as a public Co, for a few months. Obtaining a facilities loan of $2.5mm for NEW clients is not a small feat after only two months into pvsp. The remaining, probably 100mm conversions, are peanuts in the big picture to becoming debt free in 2022. Current buyers are the beneficiaries of these cheap shares, IMO!! Day traders selling their 2s purchases in the mid 3s is not unusual and can be expected with a 50-75 % return. Now, we see the attempt by some to try to buy back in lower again and I don’t blame them at all, just trading techniques!!
Zen
This article is EXACTLY the route Artizen has been taking for a few years now, hence their reputation and branding recognition. There is a good reason,$$$$$, three new clients are joining the fold with a $2.5mm facilities buildout.
Zen $$$
Hedge funds no one mentions, I use the term for broker/dealers although most of them are actually independents who hound the otc, including off shore as well. However, in the Cannabis sector right now re an operating revenue producing Co,with a good reputation and branding, you can bet your azz the big boys are watching pvsp/Artizen as are larger competitors. BTW, this is not Gers and it is not a Co with no operations or revenue.
Zen
An IPO will cost a minimum of $750k plus the shares which the investment bankers will take. The vast majority of all orivate Cos abandon the process after the first few steps and about $200k in expenditures. Not until the prospectus is completed will the investors get to work re marketing which is when a Co with limited revenues actually learns they can only raise a few million. With $20mm in revenues, Artizen would spend a minimum of $500k, give away at least 5% of the stock to the investment bankers and would be lucky to raise $3mm net. After which , they would still be in the currently government and banking restricted weed biz.
The best option would be for Artizen and pvsp to grow and then pvsp spins off Artizen after reaching $150 mm in revenues for a successful IPO funding round. Everyone wins.
Zen.
And that’s ok, let the flippers starve or sell down. Mgon$$$$$
You are correct, but since the day he was announced 12/6/21, we closed today up 56% and higher at 75%.
Zen$$$$$$$
Is that an edible??
Zen
No idea but it sounds good to me and Nwgc $$$$
Hahaha, I was warned about many stocks until they ran thousands of percentage points just as Nwgc will do.
Translation is smart traders/elite buyers do not fight sellers or heavy resistance, just wait for your pps and buy what they throw down.
Eltp $$$$$$$
As are all of my weeks as long as everyone is healthy and happy. All good in PVSP land$$$$
The $2.5mm capital funding was a facilitative loan to improve leased facilities, including machinery. The loan is probably guaranteed by the property owners and equipment manufactures as well as Artizen/PVSP’s new clients who have signed the lease/operating agreements. Posting this merely as an FYI for peeps who may have no experience in similar lease/buildout agreements or who may have misconstrued the nature of the capital loan.
Zen$$$$$
Shareholder updates on material events and guidance on future events and Co direction are never ‘wasted’, in fact, if there were no updates, most would be complaining of same. To deny the existence of day traders/flippers in the market is absolute nonsense and is naive to say the least. That said, most have already posted that the conversions are keeping the pps down which is always the case due to the broker/dealers. If traders re light volume do not make the market then the MMs via broker/dealers will by whacking the bid, it’s their job and a means of creating volume which is how they make money.
MMs do not control the market, broker/dealers control the market in the absence of retail and they make money flipping shares with minimal expense per trade, MMs merely take most of the rap!!
Zen$$$$$$$
Agreed, all good in Zen land$$$$$
There are NO relevant or active Form Ds with PVSP!!! Nonsense.
Zen
No doubt the news is in the making as we post. These guys have big plans in the right sector at the right time.
ZEN$$$$$
It certainly will be for elite buyers at this level, sooner than later.
Eltp $$$$$$
Lolololol, have a great COLD w/e!!
NWGC Big Bad Bob has plenty of money$$$
Most of the lenders are losing in court left and right since TCA. Good news and the stock was probably shorted in anticipation of conversions. Drng
Good week, all have a great w/e!! I ain’t fishing in this cold azz weather, lolololol!!!!!
Zen$$$$$$$$$
That number is net to the seller. So the trade was probably 31.
Exactly what his SEC counsel has advised. Nwgc
Agreed, but the brokers wouldn’t let the converter make that much money, just not part of the game.
Zen
Right sector, right technology, right time and looks like the right new management to grow rapidly.
Zen
Agreed, or get flipped out for a fraction as well!!!
Zen$$$$$
Quite obvious , the desperation is as well, lolololol
Zen$$$$$$
Not sure if time frame but not worried at all making big bucks with Nwgc.
Nah, I understand the complexities involved in getting Nwgc back into the market. Don’t worry so much about the time, I’m not worried!!!!!
It shall come very soon, dr$$$$$
Many eyes on the Zen Gem!!!!
Zen
Thx, drng $$$$$$$
Very nice, thx for the Elite link !!
Eltp $$$
It will all work out just fine with Nwgc, I wouldn’t worry so much about the 80% of shareholders who held their shares for the NWGC GOLD LITHIUM $$$$$
Agree, studying the L2 is useless, watching it is helpful. I have a dozen set up in a screen constantly, really only helpful when buying/selling. It’s merely a momentary glimpse.
Zen
Nah, they had old restricted shares way before him. I like what they are doing getting these conversions done, no new dilution though, all old already included in OS. GDET
The 5ma crossed the 13 on 1/3 and has maintained a parallel course around 34/33 now. The daily low is what is keeping the 50 ma from rising. This will change.
Zen
Yep, the 200 is lowering and the 50 has stabilized and will turn upwards. Touched the 200 today for the first time since 10/29 at 37
Zen $$$
Yep, now let’s see if that 34-31 seller gets his shares back or was flipped out.
Zen