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Hey folks! I hope you're having a great winter break and things are well. I been lurking in the background and thank you all for your DD.
Happy whatever you celebrate!
Almost to my average price. Time to put in some stop losses and reenter if it sells.
I hear some whales are going to come eat soon.
I am considering reentering this stock again. Seems like things are starting to pick up steam.
Hey folks, it's been a while since I posted on this board but it appears that this company hasn't moved much in either direction since I sold my shares. I just finished reading the quarterly and it's disappointing. The costs incurred last year were supposed to help with this companies solvency and right the ship. Seems more shares have been issued and there has been more debt taken on.
Even with that, it appears this is a crucial few quarters for this stock. If they do raise more cash through equity, and the SP drops more, I may consider reentering with small position to hold. It seems make or break time for this stock.
Hope you are all well and good luck.
Has anyone attempted to call Josh and speak with him? It seems these projects are stagnating.
It's going to be an interesting read. I think realistically we have about 6 months before anything amazing happens with this stock. I will be more than happy to gobble up shares in the .0006-.0008 range.
We are a long way from there. I just hope I can get more shares down here. I am looking for additional shares @ .0008 right now.
Fun, excellent write up. Thank you for all the time and effort you put into that. I was slightly disappointed by the revenue so I ended up going out for happy hour at Claim Jumpers (restaurant chain). While I was sitting at the bar waiting on my drink I glanced over to see what the bartender was making. He had two copper cups out and a opened Goosling Ginger Beer. At that moment I realized that my angst about the quarterly and revenues were clouded.
My point is their market penetration is on the ground floor and the only movement is up for this company. I'll wait for it to drop sub $1 before I average down again. However, I think we are going to be pleasantly surprised their next Q. One thing I'm curious about is how their logistics are working out. Given, I have read here on this board and my own two eyes the challenges they face with restocking. I am curious if they are having internal challenges with ramping up to meet the demand. I assume that if they are ramping up they will need to incur more capital costs for equipment etc.
Best of luck to you! I will be doing the same!
Well they beat estimates while still having a negative EPS.
I'll be curious to see what their ER shows.
I'll be there ready to load up with my pickup truck.
I am curious what you think of Alper retiring shares. Why would he issue (raise money of course or for professional trade) shares rather than using cash to buy back potentially @ a higher price.
Again, we do not now when they cashed out but the potential is there. I imagine there is a grey area here. Instead of thinking in a black and white fashion about potential possibilities I am trying to think of what business acumen is being used to drive the company forward. It seems to me the shares issued have been helpful because there appears to be movement on a few fronts regarding the business plan.
Regardless, I am in it for the long haul on this one. I am thinking of averaging down significantly if this drops back into the mid trips again. I was waiting with a GTC order for .0005
We could get lucky and more shares get retired. I personally think we will get more shares retired soon.
Hope you all have a spooky Halloween! Have a drink of some fine Jefferson's for me!
I think those are fair critiques. I am curious if they will be addressed at some point. Once the O/S gets taken care and business plans put into motion returning on more revenue, to hire on more staff, the conversation about the voting structure should be had.
I do believe he has shown the ability to "Finish" as he has done more for this company when compared to it's nefarious history.
Agreed, BLDV share structure is a nuisance. Taking 2.6% out of the O/S was a good start. If they are able to do that every Q for the next year it will be in a good position. I was surprised to see they retired shares. They said previously in the year that they would not be retiring shares. I wonder why....
Kool Aid,
Would you be so kind to tell us what positives you see in this company and then the negatives.
Warmly,
Persian
Some takeaways from the past week in BLDV land.
Alpers has shown that he is able to lead the company. He has followed through more projects that all the previous CEOs combined.
It appears the quarterly is going to show that the money is coming in and that there will be cash on hand. I think this quarterly we are going to start seeing things in motion.
I think we will see more retirement of shares. It's a guess but they did retire 2.6% of the float out there recently. This was after saying they would NOT retire any shares.
The goal of being SEC compliant should also give an indication of the moves that are to come. IMO part of bringing down the O/S has a lot to do with this.
We will still see a significant amount of volatility until next year.
GLTA
Wow, that is a significant price difference. I guess I will become a regular buyer when it get's placed in my employee owned stores.
It's surprising that we have been floating down here at this price. I am thinking of picking of a few thousand more shares if it sits down here for through the week.
Don't make me any lazier than I already am haha!
I'm still below my average. I was planning on picking up 5 million at .0008 but..... I missed the boat. This is a long play, which I try to avoid in penny land. Alper has transformed this company from a scam to bam!
Read the rest....
They can design anything they feel their little heart desires. The only thing they need is the stamp from another architect. Thus, if he designs it and submits it to be approved via another professional colleague his costs should remain low.
We call that cherry picking.
Today, projects that involve the work of landscape architects include: residential, parks and recreation, monuments, urban design, streetscapes and public spaces, transportation corridors and facilities, waterway restoration and reuse, gardens and arboreta, security design, hospitality and resorts, institutional, academic campuses, therapeutic gardens, historic preservation and restoration, conservation, corporate and commercial, landscape art and earth sculpture, interior landscapes, and more.
The inclusion of landscape architecture can have a profound impact on the "whole building design" process. Optimally, a building is not an invasion of the landscape but a vital extension of it. It is inescapable that a building must rest in a space, and that before it can be entered, it must be approached. Where a building rests on the land, and how it rests on the land, sets the context for its evolving construction, development, and use. This initial phase of the 'whole building design' process is the domain of the landscape architect. So too are the end phases of construction, when measures are taken to complete the areas around a building—the look and feel of the surfaces, hardscaped and landscaped spaces, structure itself, and the approaches to the site on which located. A well designed property, when developed within 'whole building' design principles, is properly integrated with its' surroundings; must be a good neighbor within the community where it rests to other structures and its natural setting; and should be accessible, secure, and aesthetically pleasing from the outside.
A landscape architect is the arbiter of a building's interaction with its physical location. As a part of a "whole building", collaborative approach, a landscape architect can help to answer these questions:
Where in a community should a building be placed?
Where does it best fit on a particular site? How can a building's interaction with the land be maximized?
How can a building's environmental impact be efficiently managed?
How can the goals of the owners and users be accommodated?
https://www.wbdg.org/design-disciplines/landscape-architecture
Landscape architects design parks and the outdoor spaces of campuses, recreational facilities, businesses, private homes, and other open areas.
Most states require landscape architects to be licensed. Licensing requirements vary by state but usually include a degree in landscape architecture from an accredited school, internship experience, and passing the Landscape Architect Registration Examination.
https://www.bls.gov/ooh/Architecture-and-Engineering/Landscape-architects.htm
http://www.ctasla.org/pdf/LA.C.%20brochure.pdf
Landscape architecture is the professional skill of merging the man-made structures, including buildings and paving, with the natural landscape and with designs for landform, water and planting.
This Architecture’s field is on high demand and has assumed a more prominent role in the design and construction process. Landscape architects apply artistic and scientific principles to the planning, design, management, preservation, and rehabilitation of natural and built environments.
Landscape architecture is not just beautification, but it’s about creating a space and the ambiance of a development, initiating lifestyle and create a new public realm and also a quality built environment focused on the ecological footprint and the environmental framework.
Developing a landscape plan in conjunction with the architectural drawings assures that clients will enjoy a better building experience, a superior end result and a significant cost savings. Planning the design of the property along with the design of the house brings better organization to a project.
Savvy homeowners recognize that the key to a successful project is to take a “big picture” approach to design by involving the landscape design in the earliest stages of the process, in order to avoid certain unnecessary expenses.
Another example of the importance of the landscape is to design and manage children’s outdoor environments. There is a huge opportunity to provide necessary spaces for children to engage with the wondrous and playful attributes of nature, to help them become conscient figures in society who will provide a continuing health of our planet.
In other words, neglecting the architectures of the world’s fast-changing landscapes will result in endless highways lined with grey endless blocks and endless tedium atmospheres – dreary expanses of housing, industry, forestry and agriculture – without natural and planting landscapes, rather that create green and invigorating areas and beautiful sustainable cities.
http://thirdskinarchitecture.com/architecture/the-importance-of-design-the-landscape-in-architecture/
https://landarchs.com/30-reasons-why-landscape-architecture-is-more-important-than-you-think/
Most importantly:
Landscape architecture, architecture, civil engineering and urban planning are all professions that work with the "built" environment. ... Architects primarily design buildings and structures with specific uses, such as homes, offices, schools and factories.
Lastly:
https://www.archdaily.com/236951/how-architects-and-landscape-architects-can-work-together-talk-by-frank-harmon
THE ONLY THING THEY CANT DO IS A STAMP, which is easy enough to pay someone to review the design.
The news appears reasonable and realistic. I added more funds to my account today and will be purchasing more shares. I am glad the cost is not to high to enter this stock right now. Even if someone has a higher entry price than what the current PPS is they should be rewarded in a year or two.
Usually with OTC stocks I am out of them fairly quick but this seems to be one worth holding. Alper seems to be invested in organic growth and solid business plans.
Breathing air does not mean you are alive, yet it is what sustains us. Complex questions often have complex answers.
"Nearly 90% of operating dispensaries and recreational marijuana stores, infused products companies and wholesale cultivators – the three pillars of the MJ trade – report that they are profitable or at least breaking even, according to the 2016 Marijuana Business Factbook."
July 1 marked the premiere of legal cannabis for adult use in Nevada. In just four days, over $3 million in sales was generated. The demand was so high that the dispensaries ran out of weed, forcing the Republican governor to endorse emergency measures that would help put more pot on the shelves for the eager masses.
One thing is clear from the situation in Nevada — there is a staggering demand for weed by Americans, and it is being grossly underestimated. In 2016 alone there was an unprecedented 30 percent increase in sales across the continent, resulting in about $7 billion in sales throughout the U.S. and Canada. That doesn’t include the massive amount of money being made on the black market — over $46 billion.
With such a tremendous demand, there is enormous potential for exponential new job growth and significant tax revenue, once cannabis is legalized nationwide.
Colorado’s public education system has received more than $65 million in funding over the last two years — all thanks to marijuana. Nevada is expected to pull in $30 million in revenue by the end of the year; 15 percent of that will be going directly to the state’s education budget.
About 75 percent of startup canna-businesses break even within one year, despite the immense challenges and obstacles cannabis companies face every day. Since it is proving to be such an incredibly profitable industry, investments are pouring in, thus creating significant American employment opportunities as well.
The legal marijuana industry employed over 100,000 Americans as of July 2016, and that number has surely risen in the year since. A New Frontier Data report projects that the cannabis industry will create more than a quarter-million jobs in the U.S. by 2020.
The uncertainty on where the administration stands is, understandably, making many people in the industry uneasy. Nearly 75 percent of publicly traded companies related to cannabis considered Trump’s election a risk factor for their businesses.
http://thehill.com/blogs/pundits-blog/healthcare/348443-mr-president-back-off-our-weed-profits-are-high
According to Arcview Market Research’s latest report, national growth in the legal cannabis market is going great, with no signs of slowing down. Sales are surging, demand is strong and by 2020, legal market sales are expected to surpass $22 billion and possibly reach twice that amount.
Analysts at Viridian Capital Advisors, a group of Wall Street analysts and bankers who focus on the money side of weed, maintain a cannabis stock index. For 2016 (through December 9), it’s up 175.3 percent.
And if you think 2016 growth is impressive, it was nothing compared to 2014 where the annual gain was 383.5 percent.
https://hightimes.com/business/10-largest-marijuana-companies-raking-in-huge-profits/
The marijuana business is a bright spot in an otherwise gloomy retail sector.
According to the 2016 Marijuana Factbook, a store that sells either medical or recreational pot earns on average $974 per square foot in revenue, topping Whole Foods, whose 431 stores earn an average of $930 per square foot (h/t Quartz), and traditional department stores such as Macy's, which earn an average of $180 per square foot.
https://www.cbsnews.com/news/how-profitable-are-pot-shops-youd-be-surprised/
The industry is only expected to grow in 2016, particularly if California voters this fall decide to legalize recreational use, according to the newly released 4th Edition State of Legal Marijuana Markets Report from from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm. Much of the increase is attributed to adult use market sales, which hit $1.3 billion last year. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion, triple this year.
https://www.usatoday.com/story/money/business/2016/03/20/legal-marijuana-sales-forecast-hit-23b-4-years/82046018/
I am going to be curious about the Walmart sales. That should be a great indicator of things to come.
I think the the ginger beer needs a little bit more market penetration. It seems like the margins & growth are really strong with that line of business.
I was thinking about reentering but I am spent right now. I hope to keep seeing this rise. Another stock you informed me of I been watching and it's above 2 dollars today.
I think maybe you should think of becoming a financial advisor!
Look at that gain today! I been watching this but did not take a position. Been a lot more cautious lately but maybe it would be worth taking another position in this little gem.
Do you think we might drop into the low 20's? Seems like the volume this past week is absent. I'll be there to catch some crumbs if we do. I think I will place another GTC order @1.20, seems FUN had the right idea about 3 weeks or so ago.
So there are two things, AMS facility is essential to Canada's market and exports abroad (not the US except in CBD/plant material that is not psychoactive)
The second is it's difficult to transport the stuff within the US too. So, things need to happen perfectly or this current administration needs to go because market penetration here in the US will be minimal without significant pieces in place.
With that said, I hope it hits the trips so I can average down before a big bounce.
GLTA
That sounds amazing! Have a safe trip and I hope it's all that and more!
Thank you, hopefully it will work out for folks to play around with. I was a idiot though- their website offers XLS for each quarter. Putting in the information manual is no longer needed luckily.
I just started on it for Q2 14'. I am using all the line accounting in the quarterly reports so there is constancy between all the columns & rows. I hope that I can format it so it's ongoing each report and easy to extrapolate the information later on.
Below is an example of the line accounting I am using. I will eventually do some formula and statistical analysis of it when I have time. I was inspired in my health care finance class to apply the principles to a stock I have been investing in. I guess this is what a masters level education buys you, something to put your attention in haha.
ROX Quarterly Reports June 14'
Assets
Current Assets
Cash and cash equivalents 784,436
Accounts receivable — net of allowance for doubtful accounts of
$112,253 and $204,418, respectively 7,168,163
Due from shareholders and affiliates 141,842
Inventories— net of allowance for obsolete and slow moving inventory of $294,196 and $266,473, respectively 19,548,540
Deferred tax assets 293,330
Prepaid expenses and other current asset 1,921,274
Total Current Assets 29,857,585
Equipment — net 588,085
Intangible assets — net of accumulated amortization of $6,220,366 and $6,058,005, respectively 8,021,527
Goodwill 496,226
Restricted Cash 413,623
Other Assets 237,958
Total Assets 39,615,004
LIABILITIES AND EQUITY
Current Liabilities
Foreign revolving credit facility 125,855
Accounts payable 3,883,271
Accrued expenses 589,979
Due to shareholders and affiliates 1,993,677
Total Current Liabilities 6,592,782
Long-Term Liabilities
Keltic facility 5,414,425
Bourbon term loan (including $421,563 and $484,375 of related-party participation at June 30 and March 31, 2014, respectively)
1,753,700
Notes payable - Junior loan (including $300,000 of related party participation at each of June 30 and March 31, 2014)
1,250,000
Notes payable – 5% Convertible notes (including $1,100,000 of related party participation at each of June 30 and March 31, 2014)
2,125,000
Notes payable – GCP Note 214,225
Deferred tax liability 1,481,266
Total Liabilities 18,831,398
Equity
Common stock, $.01 par value, 300,000,000 shares authorized, 154,948,409 and 151,841,133 shares issued and outstanding at June 30 and March 31, 2014, respectively 1,549,484
Additional paid-in capital 159,514,479
Accumulated deficit -141,057,800
Accumulated other comprehensive loss -1,745,593
Total controlling shareholders’ equity 18,260,570
Noncontrolling interests 2,523,036
Total equity 20,783,606
Total Liabilities and Equity 39,615,004
Three Months Ended Jun 30th
Sales, net* 11,982,199
Cost of sales* 7,435,545
Gross profit 4,546,654
Selling expense 3,239,326
General and administrative expense 1,610,616
Depreciation and amortization 216,098
Loss from operations -519,386
Other Income, net 16,942
Loss from equity investment in non-consolidated affiliate 0
Foreign exchange (loss) gain -236,447
Interest expense, net -288,642
Net change in fair value of warrant liability 0
Income tax (expense) benefit, net -162,962
Net loss
Net income attributable to noncontrolling interests -305,336
Net loss attributable to controlling interests -1,495,831
Dividend to preferred shareholders 0
Net loss attributable to common shareholders -1,495,831
Net loss per common share, basic and diluted, attributable to common shareholders -0.01
Weighted average shares used in computation, basic and diluted, attributable to common shareholders 153,929,182
I started a Excel spreadsheet that ill share when I am done. I am plotting out Q1 16' up until now so I can populate some statistical information as well as see trends.
Once I am done populating the data I would be happy to share it.
True, I have our ER due on Nov 8th in my brokerage. I imagine if those 13F show more institutional buying we should see an uptick in our volume.
My speculative thought is that since most of the advertisement dollars were baked into the previous Q we should see an earning 1 penny per share. This weekend I plan on sitting down and going back over the prior Q so I can test some of the financing principles I recently picked up (Health Care Financing class). Thankfully some knowledge is transferable but reading Q are still archaic generally speaking.
I been picking up a few hundred here and there while we sit in the 20's. Volume has sure dried up which is surprising. I assumed this time of year we would see an increase but from a historical perspective I guess this volume is decent.
I'll be keeping my eyes out for those 13F's.
Very true, though my loans from graduate school make anything over 100 seem like a deal given what I have to pay back to good ol' uncle sam.
If you or FUN ever make it out to my neck of the woods we should grab a drink at the Whiskey Library. They have reasonably priced drinks and rustic environment to relax in.
I rather drop that 3-5k into some ROX stocks haha! I've seen some other brands in the 10-25k dollar range, my mind melts thinking about that.
I bet that tastes sublime! Aged 30 years with a perfect color.