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Yeah, it is really going to be hard to tell what all is going on in its entirety until we get more up to date fins. Obvious dilution right now but if they eliminate all their notes now and go in with a clean balance sheet that could be better for us anyways. A 8B OS with no dilution can run far further than a 3.8B with regular dilution. The going concern until we can get confirmatoin of what is going to happen would an RS. I have not seen in the 8K where the new credit facility requires one so that is the first good news about that possibility. Triple 0's are risky but the reward is exponential.
That was fun friday but it was a flip for most. They just took advantage of a low floater that had some volume and dramatic increase in pps. This is absolutely a mid to long term hold. I've been holding since March. Here are just a few highlights:
1. Partnering(with a possible merger) with a seed to sale cloud based tracking system for MJ. Huge implications here. First one is obvious for businesses as they begin to legalize MJ, they will always know where the weed they sale comes from, and for consumers they will know they are getting a legitimate product. For the medical aspect this gives them far reaching ability to control their product and its medicinal potency. This also makes it much easier for regulators when developing laws to govern this new bustling industry. Fakes and low quality product will be kept off the market as well as not being able to pass synthetic mj as natural. So many uses for a system like this. These are just a few.
2. They are getting current with sec filings.
3. Low float and low SS. To be up front there was talk of an RS at the board meeting and it was approved by the board. But lets go over a few details. First the share structure is ridiculously low. If an rs was executed it would leave a little over a million shares in the float which makes no sense to execute. Second is this was approved by the board not filed. Means they are open to an RS but doesn't mean they have to execute as they did not when it was considered years ago as well. Third you will get a fair warning when this will happen. As an sec reporting company they will have to file a pre 14 and then a def 14 in order execute an RS. Then you know its real. I for one am not worried even the least bit about an RS. It is merely an "all options on the table" meeting in my opinion as this is just now waking up again.
4. They are one of very few processors of MJ credit sales. This has been a sticky issue for most because of its legal status as a whole in the US. Main stream banks and processors won't touch it because of the federal laws. However they are setting themselves up to be THE processor for the MJ industry.
5. New management with new enthusiasm. New CEO taking the company to new levels. Old management realized they needed new blood to take WSHE where it needs to go.
6. Although there is a CE on otcmarkets(which is why this is flying under the radar right now), they are keeping shareholders up to date on edebitglobal.com. Once they get filings in order i suspect otcmarkets will come next.
It was good to see life on Friday but the real value is still to come.
Yep. People did a quick flip today but this will be huge in the long run. This moved up 50 points on a tiny amount of trading. This thing is ridiculously thin. It will hit silver without a doubt with filings. Man what an exciting day.
Very nice.
Although I wish today had closed much higher it was still a good day. People flipped which was expected but those of us that have been here know the true value here. I'm still holding and will continue to.
Agreed. I'm not worried here. This is not a short play for me. Been here for 2 months. Will be here as long as it takes, which won't be long now.
NO doubts here. I've been here since march. I know where this is headed. Just get sick of pedantic trolls that look at something for 5 seconds an think they know everything but I have said my piece and he has been blocked.
I am. Just posted my last one. We are good to go here. Just can't stand foolish people making foolish statements.
LOL. It would be perceived value as this is just now starting to wake up. This isn't for you clearly so I suggest you keep on keeping on somewhere else. You are doing nothing but trying to muddy the waters.
Low float
Restructuring
Working on becoming current
Partnering at the very least with a seed to sale cloud software program for MJ(huge implications here), and possibly a RM.
If none of that sounds good don't sit here and be a toad.
go to their website edebitglobal.com that is where they are doing updates for now. A ton of information there.
Looks like we have some retail sellers today as well.
Look at that bid grow. Looks like the mms got their fill of those 21's. If news hits this thing is off to the races.
Man if you watch l2 there are so many mm games going on. They don't want this to go on a run for some reason.
Oh I've been here homie. I've only got 15 posts I spread out across 5 trades so I don't post much. But thanks for the salutations! Good to see familiar faces from other plays.
Just put my sell order in with mm cant back at .25 for a small portion. That's where I'm expecting this to go once filings hit. Way too thin not to. Mms playing games right now but bulls will bust through.
Amazing things happening here! I've got too many good things going on I haven't even had a chance to talk about the awesomeness here! One step closer. Big thing s coming for this beast!
Arxs wants some cheapies after getting his other wipes out. Don't give them to him. Make him regret selling so cheap earlier.
Mms messing around in these low 2's need to push through these shenanigans so we get hit a good groove.
Is WSHE finally getting f the love it deserves!?
Can't wait for filings to start hitting. This is easily a silver run when they do. Seed to sale tracking system is a big deal. Not sure people are grasping the magnitude of that program.
Vndm gets knocked off and we should get some trim to breath. Then I think we are set for a good run. In the meantime thanks for the cheap shares from the dumpers.
This is going to be one hell of an investment when they get current. CE is scaring some away for now but check the website:
Edebitglobal.com
Updated on may 2nd. Only MJ seed to sale cloud system in the works! This has so many applications for regulatory as well as consumer. Next step to making weed legal across the us is the tracking of the product.
It does for now. They have been dark for awhile but go to their website and they are making updates there until they get all the filings done.
8 billion AS is nothing. It's the os and more importantly the float which are free trading shares.
So the elimination of unregistered shares that can hit the market whenever they want is not good news to you? That's pretty significant.
Anyone sitting on 6's should just slap that ask. You wanted those you shouldn't have stood by waiting. News and going current were imminent. 5/6 were prime loading for this run.
Yeah. It was approved by the board but doesn't mean it will happen. The SS is not big at all. Plus they will have to go current and file the pre 14 before an rs could happen. I doubt it will happen with their current SS. They would really have to balloon the SS in order for it to make sense.
Yeah. That was unexpected to say the least!
Not that I'm an expert by any means, but I'm not sure I see a downside here.
Roche is a billionaire entrepreneur.
He is on the board.
He is a majority shareholder.
He loans the company money.
He forces default on said loans.
Plans on acquiring the company.
So we have a guy that builds successful businesses that sits on the board of rvue, knows their ability to either repay the loans or not. Creates terms which are favorable for him to take over rvue. Makes not 1, not 2, but 3 loans totaling over $400k knowing they can't pay. Forces rvue into auction which he will essentially pay himself all the while wiping out the debt on the company.
Anyone that believes this was not carefully orchestrated might want to look over what has transpired here. First there is no reason for a successful serial entrepreneur to sit on the board of a penny stock. It is beneath him. This was planned by him. He wants a clean shell and he likely is going to get one at a discount price. I'm going to assume the loans total the amount he was willing to pay to begin with and this just ensures that if someone does outbid him he still gets his funds back.
I have to believe he is smarter than everyone on this board. If there was ever a time to have shares in rvue, that time is now IMO.
Just my 2 cents.
Yeah they did. Patience will be rewarded heavily with this one. My only regret so far is missing the dip to trips. This is silver bound.
At these levels, I'm not seeing much risk. I'm surprised about the dump here with being current happening so soon.
Is it time to get this part started? This is my most exciting holding I've had. This copper/silver in an instant.
Nice close today. This is primed and ready.
only think keeping this from blasting off is otcmarkets. If they would update that we would already be in copper/silver. Hopefully they make an effort to do so soon!
Huge news. 8k 100% verified. Just a matter of time now. They should be updating shareholders soon IMO. Then its off to the races. Awesome find Goat.
Again with the rookie statements. 10B AS is nothing. Have you seen how many of these have run with higher AS and OS with less information? If you had you would know how rookie that statement is. Like I said keep posting though, helps us out to get more eyes on it.
Wrong again. If you have ever traded a trip 1 stock this is par for the course. Bid, 2's, no bid. It will fluctuate until we get an update. If you don't know/understand that then you shouldn't be trading down here. But keep up the posts. We appreciate the exposure here. That 8k is massive.
Were people expecting there to be a lot of sales from a company that has essentially been dark for a year? If so then you are in the wrong place. This is just waking up again. The good news here is going current and getting the app back in play, not the fins. Fins were destined to be dismal, its basically like they have been out of business for a year. LOL.
Foolish statements. Clearly a retail walk down. Its taken at least a week from its high to be walked down to these levels and never a mal mm on the ask at any of the levels to get there.
No he did not. Looks like someone was sitting on 5's or lower. Shame. This thing should not even been in the 5's at all with current status on the cusp. pure retail silliness.