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They do have sales it's undeniable, but saying business is going well for SFL Maven of Florida is a stretch. They don't make profits;)
They couldn't even last more than 1 year as a public OTC company. IMHO Joseph Ladin is a nobody in the world of jewelry. E-bay hack job.
Things looking good these days, wish I'd loaded more down low last year. Im holding small potatoes at the moment, makes me feel like im about to miss the boat. But I've always done well with this ticker, so I'm OK if I miss some runs.
Been trading this since 2018. It's up and down like any stock. But, unlike any OTC I've experienced, they are very good at maintaining SS and not let things spiral out of control. May not be same company as 100 years ago, but they're still around, and don't seem to use shareholders money wrecklessly. Proven winner if you have patience and don't sweat the petty details and day to day PPS.
Look at the long term charts, this company is worth "investing" in if you buy right IMO. If you don't buy right, you'll probably just complain about them here on IHub. At least you can't blame the company if you're underwater here. They aren't diluting or RS'ing. They're hustling IMO.
I'm about 5 hrs from Twitchell reservoir. I went to Cal Poly SLO and surfed near Santa Maria often. It was just a small agricultural town 20 years ago. Cool place, Id like to revisit after all these years. Maybe a trip up there would be interesting? Check things out in person. Could do a little 4x4 at Pismo Dunes while there;)
Not that there was lots of volume prior to halting trading... but seems little to no interest here so far in 2023 now that it has resumed. Shenanigans never go over well with trading in the OTC. That Revitalize Earth thing... shenanigans.
Which is fine as this is a longer term play for me. I like having a small amount I can afford to loose in a public hemp company. IMHO the industry will have its day. Hemp is a great commodity and as a contractor, I love the feasibility it replaces several materials currently predominant in construction.
I made a mistake sticking around after SFL Maven of Florida took over. I should have sold every share that day. Just another learning experience. Shares are practically worthless now.
I'd like to give the new management a chance but so far this is not going well. No word on progress or finalization of divestiture and no clear guidance on how the company plans to move forward. I realize this could be a quiet period but I feel as though some shred of info could be shared by the COMPANY to try and generate some kind of interest.
At least I can't loose as much value this time around. There's only a few ticks left till 0.
I hear you.
No proof the dilution is over.
I don't trust SFLM, and rightfully so.
"GLOBAL HEMP GROUP PROVIDES UPDATE
Vancouver, BC -- (January 4, 2023) -- GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) Further to the Company’s news announcement of January 3, 2023, the Company wishes to provide the following update.
GHG has been focused on executing a multi-phased strategy in the industrial hemp industry. The current phase of this strategy has focused on the opportunity to develop “sustainable” and “green” value-added industrial hemp products utilizing the processing of the entirety of the hemp plant for multi-merchantable applications, which the Company anticipates being showcased at the Colorado Hemp Agro-Industrial Zone (HAIZ) project.
The R&D Division in Querétaro Mexico continues to be an important component of Company’s business model. The R&D team is currently focused on development of patented technology (“IP") that can be widely marketed.
The group is completing work on two initial patents that it expects to file in the first quarter of the year. The first, a novel building material utilizing hemp fibre that has been chemically modified to increase its mechanical performance and then combined with rice husks, an important agricultural by-product found worldwide, creating a product that could be used as a replacement for Medium-Density Fibreboard (MDF) in construction. As rice husks are not biodegradable, this is an ideal method for utilizing the waste from the rice industry. The second patent is an environmentally friendly procedure to extract CDB and other cannabinoids from hemp utilizing enzymes from natural products. The process has proven to be economical, while leaving no residual chemicals or solvents.
The R&D group is also actively exploring additional academic and economic partnerships to expand its research endeavours relating to hemp and hemp-based products.
In addition, the Company is aggressively pursuing new partnership opportunities with natural biologic drug development companies that are developing therapeutic solutions through full spectrum high THC cannabis, functional and psychedelic mushroom formulations in order to diversify and expand the scope of the Company’s operations. The Company expects to be able to update its shareholders on these endeavours in the very near future.
The CSE has confirmed trading in the shares of GHG will resume on Thursday, January 5, 2022"
...Back in the hemp game. Right where I intended to invest;) I like this update. GBHPF in '23 GLTA.
Revitalize Earth transaction canceled?
Ok, fine. Now back to trading as Global Hemp Group again... back in the hemp game... for now?
When was last Company update and when was transaction canceled? I'm confused by the timeline but whatever I'm just along for the ride.
"2023 News Releases Jan 3 2022 GHG Announces Termination of Revitalize Earth Transaction GLOBAL HEMP GROUP ANNOUNCES TERMINATION OF REVITALIZE EARTH TRANSACTION Vancouver, BC -- (November 10, 2022) -- GLOBAL HEMP GROUP INC. ("GHG" or the "Company") (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) announces that it has terminated the contemplated transaction with Revitalize Earth (see the Company's announcement of July 12, 2022 for further information on the transaction). GHG will remain halted pending further news from the Company."
So trading again. Hmm interesting.
I need to search if there's an update available. Obviously someone thought it was best to bail out. That 100k plus sold EOD hurt, but I expected worse after the long hold period.
6,000 shares sold at .001? Id snatch up more at that price if i could. This might be worth holding onto.
Ummm... fear of a monster R/S outta no where, decimating investors and showing the true nature of this company and those who operate it?
I'm just saying, that kinda stuff occasionally happens.
I feel the same way about the lottery.
Buying SKDI was a pure gamble for me and holding through the SFLM dilution days took a lot of patience. It was painful to witness. And reading all the pumping here on IHub was a life lesson.
At least my pink paper's value is not lost with SFLM until I give up and decide to take a loss lol. At these bottom prices, one could possibly win big here if buying and SELLING smarter than I did IMO.
Still bitter about Ladin and Co diluting my position and running off with the spoils, but not so ignorant I can't see an obvious possible big gainer, even if it is a company that has burned me just recently.
I wonder who benefitted from the SFL Maven of Florida debacle?
It had to have benefitted someone or some group or it wouldn't have happened. But who, and how?
I still have so much to learn about what really happens in the OTC and how money is made in ways that I don't understand yet... yet;)
The much touted and revered run to pennies never even came close in '22.
Regardless of the massive income being generated by the company, the fanfare and constant mentioning of pennyland, and the ever present it'll come next week IMO. Nothing but dilution and plummeting PPS in '22. I'm not trying to be negative, look at the data. I'm glad I didn't average down much in case this never recovers to previous levels.
I'd love to eat crow pie here but I just don't see how anyone could be convinced to pay penny plus for this ticker in the new year.
Prove me wrong SFLM new management, I'm still holding.
I gotta hand it to you. You've been waiting a long time and seem to remain exuberant.
Congrats.
Maybe this new group can do something. It would be a miracle if they got us back to the PPS that SKDI had.
IMO won't happen.
Thanks for the update.
Sounds good.
To be fair, so did SFL Maven of Florida and their multi million dollar sales generating operation.
Hopefully my shares will get some compensatory value from this change.
Looking forward to seeing new management take the reins and show us what they are capable of.
IMO nothing about SFLM could be considered stable right now. Why?
Years of declining PPS and shareholder value, management/symbol changes in recent past, and a new merger/takeover by a public entity that cannot be truly and accurately financially researched. Nor is there any definitive road map or company disclosure of the plan for SFLM, its current assets, and future shareholder value.
I'm not indicating that I don't believe the new management can turn things around and right the ship. I hope this is the case. I'm just expressing that IMO this is a very risky play right now, until there is evidence new management has the capability, or interest, to restore shareholder value. Enough DD conjecturing, let's see actual business acumen and PPS reversal to positive and out of the trips for good.
Looks like Revitalize Earth is in LA. Hmmm right up the street from me. Wonder what they're planning to do once they own GHG outright. I hope the plan is still developing hemp construction materials for the love of our mother earth.
Their website seems pretty hippy-dippy to me and I'm a pot smoker lol. Guess it won't matter what they do since they're private and we will not be trading their stock. Too bad, I liked GHG and being invested in the hemp future.
I agree, we don't need ANOTHER pink scam here.
I wonder how the SFLMaven inventory today, compares to their inventory when they took over SKDI?
If they do retain the Metaverse store and Hologlow tech, shareholders paid for them?
I read a lot of DD about SFLMaven when they took over. The whole time I wondered about profits as that is what increases shareholder value. Turns out there wasn't enough and they are now being divested.
Fact, share structure and PPS were negatively affected by SFLM.
I want to be optimistic here, but it's hard to be after witnessing how the whole SFLMaven thing transpired. So much fine tuned DD was wrong. The new management needs to push PPS closer to, the highly discussed here on I-Hub, .01-.02 level. I'd like to experience something positive here for once.
Who's to say they wont? Shareholders have been abused here at this ticker.
SFLMaven was a powerhouse multi-million dollar income generating entity... and they diluted the shareholders.
I'm not certain how this all goes down with a reverse merger/takeover.
Reading the last update I can find indicates today's date has some significance. Unless they decide to extend the DD time and closing of the Definitive Agreement and underlying transactions. Perhaps more updates this week?
What does it mean they will close the contemplated listing on the CSE no later than March 31, 2023? Will the company be private and no longer trade on an exchange? I'd love to know more about the details for the shares owned prior to trade halting.
"GLOBAL HEMP GROUP ANNOUNCES UPDATE ON THE REVITALIZE EARTH REVERSE-TAKEOVER TRANSACTION
Vancouver, BC -- (September 21, 2022) -- GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) Further to the GHG’s news announcements of July 12, 2022 and July 13, 2022, the Company wishes to provide further information on the Revitalize Earth reverse-takeover transaction.
The parties have recently amended their binding Letter of Intent, originally executed on July 8, 2022, to extend the Due Diligence period to October 31, 2022 and to extend the closing of the Definitive Agreement and underlying transactions to October 31, 2022, or any other date that the parties may agree to in writing and in any event, to close the contemplated listing on the CSE no later than March 31, 2023. The parties will endeavor to work to close the listing as expeditiously as possible. In addition to the parties completing their Due Diligence and Definitive Agreement, they are working towards completion of a Listing Statement and Information Circular required for the transaction. Further, as part of the transaction, Revitalize Earth will be completing an audit of their financial statements. The Company will announce each step as it is completed.
In the meantime, trading of GHG Common Shares will remain halted until the Company receives shareholder approval by way of written consent or when the information circular is posted on SEDAR in contemplation of the meeting of shareholders of the Company, whichever route the Company decides to take to that effect."
Maybe Oct 31 we get an update? Only if they decide their ready to? It's been silent for awhile... so many questions to answer.
I try not to rejoice failure... but it would have hurt to see BLEG succeed after losing so much with Elev8. They are reaping what was sown.
I agree with your opinion.
So far, your opinions of SFLM and their performance as a public company have been the most accurate. To my dismay I might add, but credit where it is due.
The company obviously has sales and obviously knows jewelery. But they don't dominate the jewelery world by any means. And their business model has not proven to benefit shareholders at all. In fact, the performance has crushed shareholders since the aqcuisition.
If they don't RS they could fall into oblivion, and a well established company like this won't just fold up. They will do what they must to survive, regardless of the carnage. I'm getting a little worried I'll loose it all by holding here. Won't be my first OTC loss... and won't be my last;) I only put money in the OTC I'm willing to loose. Winning bigly is the goal though.
It's hard to have faith when that is the PPS performance. I don't care about the reasoning, the dilution, or the meta potential. Downward slide since aqcuisition... cannot deny it.
And don't anyone tell me it's helped them achieve their financial/profit/growth goals. It only makes it worse because it's decimated my position and devalued it to near worthlessness.
.0042 to .0007.
SFLM update as of today.
Holding shares of WSRC for over a year, and waiting patiently, has been a very good move for me twice before. Its nice avoiding capital gains taxes by holding more than a year too.
It is hard to be patient. Takes intestinal fortitude. But if you get 10x+ returns...it's worth it to me. Hard part is timing. I'm no professional trader but I've done well with WSRC, by pure luck;)
Getting much closer to my target buy here.
GLTA
So not trading due to reverse merger with Revitalize Earth?
I am a little concerned about my position here but, it's the OTC so nothing shocks me.
Maybe this works out for GBHPF shareholders?
Sales are up. Good.
But what gain is there for anyone that owned SKDI?
Im glad to finance growth... if I gain.
So far, I have not!
Show me the Money$$$.
$SFLM
As I understand it, from PR's shared here recently, this investor is not Global Hemp Group.
There is supposedly a private investor, I think named but I don't remember, investing $25 mil. The contract details were shared here on I Hub that reported 10 mil up front and a schedule of remainder.
Look into it and make your own conclusion.
Myself... I like;) GLTA
WSRC$
Is this not a jewelry business?
No longer associated in any way with the schedule I Federally controlled substance, but legal, almighty herb?
Than why the dilutive practices? Why can't they find an investment capital partner who would fill in the gap, provide funding for growth, while getting a respectable return for their investment? This company is acting like a pot stock company.
Any legitimate company, with a solid business plan, and track record to show viability, should have no problem finding traditional investment partners. Have they thought about Shark Tank LOL.
Something isn't right here IMO. I've been patient and kept quiet, but cannot do so any longer. I have questions and concerns the CEO's posts do not answer.
Little bits... here and there?
Let me be clear - these a$$holes overnight, unexpectedly, and completely wiped out shareholders. They obliterated everyone recklessly and it has ruined their business.
ANYONE holding or buying shares here needs to be concerned by their past actions. There is no regard to shareholder value, only fleecing retail investors like sheep IMO.
Exactly.
Since SFLMaven commandeered SKDI ticker.... its been a bloodbath.
Horrible hold on my part. For some reason... I thought this was actually going up to .02 lol... I wonder why?
SFLM has absolutely taken advantage of shareholders and diluted to the point of no return. I don't care what anyone posts here... IMHO... this will never hit .02 without an RS! Too many shares and too many people will want out around .005 if it were to run.
I am very disappointed in SFLMaven but refuse to take a %75 loss. I'll begrudgingly hold my shares with little hope of getting my money back.
And the metaverse store looks pretty lame to me. Sorry, it really does. I was let down with what I was able to see.
For the record, there are other great long-time jewelery sellers on EBay. I suggest checking out Mikaelians Jewelry for some nice finds;)
Did it run up that high? I remember upper .20's
The last big run was lightning fast. I was in a 1-hour meeting when it happened. I was set to sell at .10 and lost half my position. Then assessed what was going on and sold the rest in the .20's over the next day or so.
The company has large tangible assets and that is a rarity in the OTC. I've experienced two significant runs with WSRC and both were very quick to jump up. I think this is an attractive company on paper so it's easy to see why it runs hard when the PR's drop and interest peeks. Let's not forget MM's and their silly games.
All IMO but I'm buying under .04 here again. This is the first they have been able to monetize their water right asset to my knowledge. Not to mention major non-dilutive funding appears in place and being used. I'm going all-in if it drops under .02 ;) but I won't hold my breath for that low of a PPS.
I agree with your analysis. I've seen the PPS take off here with a lot less positive company happenings.
IMO the next time the shares run up, they might not drop back down below .1 for a while? If things really progress positively with the new non-dilutive funding and GHG, and anything comes of their other endeavors, this could be spectacular.
Those that have followed WSRC the last few years know it runs... and when it does, it tends to run up fast.
My opinion is this company has been poised for big things, just couldn't get all of the pieces aligned properly. Funding has caused them to partner with other pinks and nothing has been a solid foundation.
With major capitol infusion, WSRC may pop and never look back to low pennies again. I hope to get more sub 4.
It's not about believing anyone. It's about timing. You can trust NO ONE in the OTC's;)
I'm buying here again for another go. Last time I held more than a year and a half, but it paid handsomely. Being patient with WSRC has worked for me twice before.
This time around there is apparently non-dilutive financing to back their plan moving forward, not just the water rights asset. If its all a fabrication, its a good one. Could get interesting.
I also like the partnership with GHG even though it has not been smooth so far. Hemp will be a major commodity and WSRC has a plan to be a player.
F the mines and helium for now, but if those somehow add to the hype, watch out!
I love me some $WSRC$
One year chart pretty well sums it up. Lots of hype, but has only gone down since SFLM took over.
I see both sides here.
I like the potential and being in a metaverse play, but they can make 50 mil this year, and if it costs them 55 mil, we will never see the PPS rise.
At this point, after averaging down a bit, I'd be happy with .005 but I'm not holding my breath. I've held on this long, fu<k it... im waiting... just not as patiently as before.
Looks like they've all come out to play lol. Did you and I strike a nerve yesterday?
Multiple posts... of seemingly nonsense nature... usually concern me. But there's a ways to go to reach my target here so as you stated... keep it up folks.
As for the company, there sure does seem to be a lot to like as an investor. Strong sales with a track record, large amounts of revenue, future expansion including NFTs. It was touted to be on the verge of a run to .01-.02 last year. This year it should hit that target IMO.
Owned since SKDI and have seen plenty of your posts here. I was simply adding my opinion.
Many more sells than buys today and I personally prefer buyers on the ask, not bid whackers.
I'm no flipper I try to invest longer term. So far a I'm down but confident with my position here. I'm very patient.
I've held and will continue to do so. I've won several plays like this. I've also been decimated.
I like the company, it's similar to an Ebay seller I've bought jewelery from for years. I'm glad to own shares in this one. Might even buy a piece from SFLM if things work out.
With expansion into 7? more arenas there is plenty of room for growth. Let's see. For the record.... your constant pumping doesn't motivate me... it makes me question my being here.
Quite a few more sells than buys today. I'm staying put, hope it works out.