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The negative posts on here are out of this world. The site just launched, and we are churning through notes with some nice volume. This needs a little bit of time to grow, then it will blast off. When Epidiolex comes up for FDA approval in mid-2018, this stock is going to skyrocket: https://www.gwpharm.com/epilepsy-patients-caregivers/patients. Then the practitioner side of Eqova will be providing insane value! Just load up here, walk away, then open your account in a few months to a ton of green!
One of the note holders also has warrants at .50 from page 10 of the latest 10-Q: https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12386127.
Over half of my shares were picked up in the 30s. I’ll be holding these for a while!
Read the stickies, many of your answers are there.
Anyone who has been on this board for over a week knows that this latest 8-k is positive for the following reasons:
- It settles the old debt. Patrick is settling the old debts, just like he said he would. It shows that he is listening to us when members on this board have been asking him to renegotiate the debts.
- The new debt is on much more favorable terms. When the old debt is looking at a 60-65% discount, a new 30% discount is much better. It's still a new company that is setting up shop, so I'm not totally shocked that they need a little more cash. 40k is actually not much in the grand scheme. I wish they didn't need it, but starting multiple business avenues will require capital.
- They actually released an 8-k informing the shareholders. Many of the former notes were taken on under former management in the dark. This may be a turning point for transparency for the company. We will have to wait and see.
I've got my bags from .0031, and I'm holding these babies tight!
I meant the site launches on Sunday, but tomorrow is the last trading before it goes live.
Their new business launches tomorrow + the note holders are backing off. Combine that with the weed rally and we’re green on volume.
The SS numbers will definitely be updated Friday evening or over the weekend. Not likely before then.
Hey Thoth, how’s it going man? We’re two days away from the cbd.co launch! Next week should be fun for GRCK!
Just messaged Patrick to wish him a Merry Christmas, and he’s working on cbd.co right now. The man’s a beast!
Merry Christmas peeps!
I contacted the TA last week through the form on their website and got this response 2 days later:
“Good morning,
The company has requested yo contact them directly.
Thank you,”
Indifferent about the preferred shares, but definitely aggressive toward the expansion plans. I’ve been having conversations with the new CEO regularly over the past 2 months, and he is top-notch. He’s still figuring out how to run a public company, but he’s on top of product creation and driving growth. I have no doubt cbd.co is going to be massive.
Doubling the AS from 500 M -> 1B. It makes sense to accommodate preferred shares and expansion plans in 2018. Lots to look forward to!
PUMA has been a lot more bark than bite with this stock. I wouldn’t be surprised if they retreated on a small slap. Especially since they’ve been tightening their spread since yesterday.
Shareholder meeting is next Friday 12/29. I am expecting an SS update in the very least by then to update shareholders before the AS increase vote.
That's assuming these were not already paid off by the company diluting shares themselves. The 10-Q only specifies which notes were paid at least partially through the end of Sep. The additional $281,345 in principal payments in Oct and Nov aren't specified as to which notes they paid off. I'm not saying that those notes are already paid off, just that it's a possibility that they are. Either way, I think we're on the home stretch for convertibles. I think it is required that they update the shareholders on the SS before the AS increase vote, so we should get an update very soon.
I know the stock is deep in the red, but try to relax. The P&D crew from last week served a very important purpose. They ate through tens of thousands of dollars of notes and VNDM has backed off, which means they've burned through much of their cache of shares. Being this close to the end of the year and more importantly, the shareholder meeting, I believe this means they've met their goal on debt resolution for the year. It's super difficult to tell what's going to happen in the short term here, but I think this week will still be weak and next week we'll see it starting to ramp back up with the cbd.co launch around the corner.
Totally agree. Between his experience and the new CMO’s experience in digital marketing, they’ll have no problem getting traffic. BTW, he’s also still running his current company, Vidalytics, but it’s on auto-pilot for the most part. He strikes me as a stickler for efficiency.
Ah cool. I’ve talked with Patrick about it. They’re starting simple from a feature standpoint, which is very smart on a new system. Anyone who has deployed a new system knows that you don’t want to let feature creep destroy your creation. As they prove out the concept, they’ll likely start adding new features and capabilities to it. He did mention that he’s satisfied with the initial vendor signups for the launch.
I know right! I would love to write their cbd.co app in exchange for a discounted equivalent in shares!
I haven’t lost anything. I came into this knowing I’ll be holding into next year. I’ll be looking to add again before the launch as well. Glad you made some money, congrats! Merry Christmas!
Amen brother, same boat. I'll be buying more if it keeps diving. It's crazy that I can triple my position for the same initial investment! I can still see this going to .25 next year, but it's going to take a great 10-Q in the next quarter stating that they're profitable and debt-free. Once that happens, it's only going to go up.
I've been chatting with him on FB. He'll normally respond with a few hours.
Yes, not sure if they are reading them in that inbox. They haven't responded, but they have done a few of the things that I've requested. The TA told me yesterday that they are still gagged. Makes sense until they are done paying notes or soon before the shareholders meeting.
I've had the exact same experience as you. Patrick responds and chats, but referred me to corporate for the SS. I haven't gotten any responses from them after multiple attempts.
5 million crosstrade @ .0035 on Tue + over 5 million ETRF bid size in the .004 range yesterday. Looks like someone is loading up. Let's just hope VNDM will let it breathe some more.
There was a 911 trade on Friday. We’ll see if that means news today.
Hey Thoth, great to get your insight on here. Are you referring the .003 conversion price for the notes next year and they’re converting early?
The question is whether conversion happened on Dec 1st or it is happening daily. Only the ones who have seen the loan terms know.
At least WDCO is out of the picture. They were the ones that initially caused the panic that drove the PPS down under a penny on 11/16.
I've still been in contact with the CEO. He mentioned that he's very comfortable with the number of vendors that have signed up for the cbd.co launch. I'll ask him today if they're planning on a PR in the near term.
I guess it depends on the loan terms. The way I read the loan outline in the 10-Q is that the remaining principal and interest conversion happened on the date due, Dec 1. Where does it specify that the conversion happens over time?
Today's volume has already surpassed yesterday's. Hopefully the debtor is nearing the end of their stash or is willing to let it float after they recoup their initial investment.
This makes two days that WDCO is gone. I wonder if they are going to get any attention from FINRA. If they got any charges filed on them, it would def put more eyes on GRCK as well. Just so many potential catalysts over the next few months.
Ah, forgot about the discount. Still a good amount serviced.
Almost there. The T-trade alone yesterday serviced just over 17k of debt. We're likely under 50k left. If the recent interest and volume that yesterday brought in continues, we should be finishing up this week.
I have a strong suspicion that VNDM is being used for manipulation right now. They retreated way off the ask on Friday after a 10k slap.
That you can. I could give you my altruistic response so that you can say “me too,” but I won’t. I’ll let the rest of the people on here draw their own conclusions based on your omission. Best of luck in whatever you are trying to accomplish here.
Yup. Sep 2016 it went down to .003. Feb 2017 it went to 3.23. So it was actually 6 months, but still pretty astounding.