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You think they're one of 5. I think they're one of 50. No chance they dominate the test market.
Further, a lab just sold for $3.5M. The market cap here is $23M. That's a problem.
My employer buys parts from China and India. We ship from there to plants all over the USA and Brazil.
You're talking about a few extra kilometers to avoid a P&D scam company run by horrible management.
I'm sure NV will issue a PR the moment an LP asks them to test a batch. If that ever happens, there are so many choices now for LP's to choose from. Maybe their contact at the "late stages" will come through.
Some nice buys here, with few exceptions.
Guay - honest question: How is it "dirty laundry" if it is all true? Don't you think it's the honorable and correct thing to do, to post the truth on a blog designed for discussing a stock?
Shady management, shady deals, shady PR's, weak LOI's...it's all true and indisputable. "Google is your friend".
Wow, I knew there was a scandal but I don't remember it being that bad.
Somebody should pull up the investor presentation from when Shark was an IR guy for them. It's at least 2 years old and we should compare their business plan then with their actual results. I believe (from memory) this plan was even formulated after they had reasonably given up hope on the MMPR and they were just focused on their nutraceutical prowess. They are years behind schedule.
I spoke with Brazos twice, the man behind all these wonderful natural products. He spoke of training the sales staff, retail shelving space, huge visions...nothing happened. Where's the NO2? I don't need it since my undies rise from GW Pharma / CNN specials but others may.
Much of the segment is over valued. Like Abattis.
Right again, SFP. That's why I invested in the first place...not just the LP but also the growing (BioCube) and extraction. Now the BioCube is gone, extraction is a long shot, and LP is (best case) 25% of Experion. I knew there wouldn't be premium margins for people putting a few seeds in some dirt, I wanted the pharma side of it. The CNN / GW feature made my undies rise, but not the PPS.
I know but I wanted $0.30. I'm on record as wanting $0.30 but then all the new labs opened and another ~8M shares were handed out. Lowered my target.
Whenever they damn well feel like it.
And by "earnings" I'm pretty sure you mean "how many millions did they lose this quarter?"
I would love for this PPS to go to $10 but I'll settle for $0.25-$0.30.
The run is going to be yoooge.
I don't think so because there wasn't much volume. Not a big sell off, although if they keep halting for no good reason serious investors could be scared off.
When they had to issue the PR to correct their misleading statements, Tweets, etc. "The Quebec location". You were here...you remember.
You also reposted a PR from a while back, about how cool it was that Raybot was going to announce a deal "in early 2017". I'm pretty sure the deal was announced...it was with Abattis. Which is funny, this is what they do. They announce an exclusive deal with themselves.
Maybe there isn't high volume or a spike in PPS because nobody cares? Or those who do care have done their DD and realized it's already over-valued?
Cheerleaders pumped the opening of the lab and now here we are... boom time isn't here yet.
This PR is typical Abattis BS: they announced they have a signed agreement with an LP applicant "in the late stages". Umm...how do they know? That is one thing that got Abattis in trouble in the first place, putting words into the mouth of HC.
That's what P&D's do....create a buzz over nothing. They halted to announce a new kid was named CEO.
Could be a gap down, too...if anyone knew they wouldn't be wasting their time here. They would probably pay cheerleaders!
We are 2 hours away from being on Day 65 of their 45 Day plan. Why am I not surprised?
Rene is a turd of a CFO/Director, the king of pump and dump, fluff PR's, conditional LOI's, and dilution of shareholder value. He has been with this company since the beginning and gives himself shares and leases his own buildings. The main thing he DOESN'T do is submit financial reports, which is kind of strange since, ya know, he's the CFO. Where is the accountability?
How much revenue did Raybot generate with this revolutionary technology? What makes you think ATTBF can add value here?
Hey GBR: How much revenue have they generated from that 3-year agreement?
You're missing a 0 there, guy.
Similar lab sold for $3.5M , we got 144M outstanding shares.
Even if NV is worth double that lab, then $0.048 per share. Then give 25% to Experion, maybe $0.036 is the fair price.
I'm not a hater or shorty, but all the new cheerleaders make me want to be objective. That's all.
I am officially changing my exit price from $0.30 to $0.25. Doubt I'll ever exit.
"Mr. Zettl said the cost of pesticide testing is not prohibitive. CanniMed paid $350 to have each of the four one-kilogram lots tested. "If you do the math on that, you're talking pennies a gram to test for pesticides," he said."
This is exactly the opposite of what the board is discussing. Lots of competition. Ten more labs added since NV issued the PR. Ten of them !!!
Regards,
Day 58
(29% longer than PR'd...and counting)
HAHAHAHAHAHAH!
They just added 10 more labs, my $0.019 is already too high.
Welcome to 2014
I think it says to sell after the mid morning pump?
FACT: In this post, I forgot to mention Abattis only owns 75% of NV. So instead of $0.026 it should be $0.0195.
FACT: It's not Goldman Sachs. It's some hack that took the Goldman name to trick novice investors into believing they are legit.
FACT: that link from Guay showed a valuation of $3,750,000 for that other lab.
FACT: Abattis has roughly 144.3M shares outstanding. (Which is surprising, I swear last I checked it was 135M. Probably gave that hack CEO kid a bunch, maybe he will last an entire year?)
FACT: Similar valuation here gets to roughly $0.026 per share.
FACT: My post on 2/25 said this should be valued around $0.015, so I was a little bit off. I apologize, I was off by a penny or so.
IMHO, you're totally wrong.
great post, thanks!
Bonus, as described March 16. They sucked so bad at their jobs, they got halted. Then earned a bonus for doing their jobs late.
And again...the top guy in the company at the time was Rene David, CFO. He also has a General Manager of Accounting, or something like that.
Turd stock alert!!!!
2. .......The Issuer is of the view that all directors should be compensated for their additional efforts and ongoing commitment to the Issuer during and after the time of the recent cease trade along with the additional time and attention required by each director.
http://thecse.com/sites/default/files/CSE_Form_9_-_Notice_of_Proposed_Issuance_of_Securities_-_ATT_-_shares_for_services_March_16_.pdf
Good example of some folks who blatantly lie to push their agenda on stock message boards.
When insiders are handed upwards of 500,000 shares as a bonus for underperforming, they're going to dump them. Legit company or not? The best way to answer this question is to check their track record.
Sincerely,
Day 54
Great post.
Are we on Day 53 of the 45-Day countdown? I'm surprised the buffoons in management didn't execute what they said they would. I really thought the first 27 broken promises were flukes, and they really meant it this time.
Oh well, maybe the next promise will come through, since we have yet another new CEO.
Widespread rumors from iHub? I don't expect to hear anything from the company any time soon. As mentioned, they have never executed anything. Issuing PR's about things to come does not mean they've accomplished their milestones.
Yeah dude! This run up is going to be epic! I can't wait for 4/20, we're all getting rich! So many catalysts with this great company, I think we rise to $1.50 in the next 10-20 days and then blast off from there! This is going to be huge! My kids are going to go through college on this stock!
They're not even part of the index because they don't meet the minimum criteria.
Could be in the $.09's as well
It's not even called Vine labs.