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IR emailed me back and said he asked the CEO about unlimited shares. CEO said it's the way a lot of Ontario companies are set up.
Exactly my point. Each time they convert, the share count will be diluted more and the pps would probably drop. Just my opinion, but whoever owns those notes is on management's you know what to get something going. I said I'm patient, but I'm also hopeful something big will unfold. Ehave has a lot of irons in the fire. We just need one of them to heat up.
I'm not sure what you're asking? I tried to explain the rule as best as I could. In my own personal opinion, that big noteholder is screwed. It would take a long time to get his/her money back by converting and selling 4.9% at a time. I'm hoping they're pressuring EHVVF management.
That big debtholder could convert their entire note to common at any time. The problem for them would be that anyone who owns 5% or more in a reporting company has to file a 13-G and they're subject to rule 144. They would be an affiliate and during any three-month period could only sell the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the previous four weeks. Over-the-counter stocks can only be sold using the 1% measurement.
This is why every one of the toxic debt guys you see in the OTC companies take so long to get out. Anything over 4.9% limits the amount of stock they can sell, so they all stay under that 5% threshold.
As for me, I bought the stock at $0.03 in May and sold some on the way up to $0.07. I'm a happy shareholder and will continue to be patient.
Listing on the TSX or the CSE costs a heck of a lot of money. I appreciate Ehave management not raising a bunch of money down here and diluting the shareholders, just so they can get on a Canadian exchange.
Your comment that "at least $1.2 million that can convert at the lenders discretion at a 75%. That equals 60,000,000 shares at least printed and dumped... at this volume could send it to trips in an hour or two." is a legitimate concern, but incorrect.
The debtholder could never convert to more than 4.9% of the outstanding shares without a form 13G and being considered an affiliate, which would make them subject to 144 requirements. Whoever owns that debt could only convert in tranches of 4.9%, which would be about 3.75 million shares. Here is where you're on track, 3.75 million shares dumped into the market would do major damage to the pps. Whoever has $1.2 million invested in the company would not want to destroy the pps so they can get $60k - $80k.
Sometimes you just have to have a little patience on these low-priced stocks. Management doesn't have all of the money in the world, so they can't do transactions by storming into the conference room and kicking everyone around.
"The Stock Market is a device for transferring money from the impatient to the patient…. Warren Buffett"
Peace.
I'm hearing someone else? Not Aurora. Did you call any other companies?
Much more to it than this. MedReleaf purchased for $2 billion. Obviously smart guys. These smart guys purchased 10% of EHVVF. More. Much more. JMO.
Did he not pay the company's bill? He sure hasn't got anything going on this company.
Jason Castenir, Scott Phelps and Larry Formato made off with everyone's money. https://www1.salary.com/Jason-Castenir-Salary-Bonus-Stock-Options-for-FIRST-COLOMBIA-GOLD-CORP.html
I've bought some stock down here. Probably going to buy some more while it's weak. A guy in Atlanta who has made some good calls on these low priced stocks said he likes this one.
I'm banking on something going on that the company can't talk about yet. The $2.3 billion Aurora/Medreleaf merger could be huge for EHVVF.
Total scam. Shlomi has lied about everything. March 2017 BLSP put out a release the company was going to NASDAQ. Where's the SEC for guys like this?
EHVVF got really active after Aurora decided to buy MedReleaf.
It's not a short. There has been a seller every day. Today there wasn't as much buying. Once this guy is out of the way this stock is going much higher.
Why does everything have to be a pump? EHVVF obviously has some real value, since MedLeaf owns a chunk of it. It looks to me like the stock was way oversold and investors are seeing what they have.
Looking at the chart there isn't much stock between here and $0.10.
Just learned about Ehave today and bought a little at $.045. Let's go Ehave!
It looks like management is going to let the rally die. This stock is dead again.
Looks great! I've been trying to buy some stock and got filled at the bid today.
FACO is actually a great little insurance company. I had my auto insurance with them for a couple of years. The rates were good and the customer service was great. Unfortunately, they raised them through the roof when my kids started driving.
GXXM is an interesting company. A lot of similarities with Insperity (NSP) on the NYSE.
Boom! "We are confident in our future, as is evidenced in our recent 10-K filing showing management and directors own 55.71 percent of the shares outstanding."
I've been a buyer. This move is just getting started. Still light volume.
I've read the 10-K and I'm not going to argue with you. You said "most of the 10-k reflects Exolifestyle." That's totally incorrect. Exo was a shell, doing very little business. Look at page 13 Results of Operations and everything is about SNPW. All of the convertibles, $833,787 worth, were converted to equity and SNPW came public with a clean cap table. The 10-K reflects SNPW's business. The only thing future filings will show are the new businesses announced since the first of the year.
The numbers in the 10-K are Sun Pacific's, not Exo's. Revenues were $1,252,675 in 2017.
That pump piece didn't disclose the compensation. Tough to say how much was spent on it.
What you're suggesting would constitute securities fraud. The basis of your claim is false and impossible, since there are no convertibles.
Take a look at the filings and you'll see there are no convertibles.
I'm buying here and have been buying on the bid. When this seller is out of the way and it starts to move back up, it's going to move fast. This is a great little company with a solid business plan and revenues.
Stock is almost dead.
My own fault. I had some fraud in my bank acct and a couple of deposits were returned. I tried showing them the police report and letter from the bank, but they said rules are rules. I still have IRA's and custodial accounts there. I just need to get my trading account out of there.
About half of my trades are low priced penny stocks. I try to only trade OTCQX and avoid pinks. I planned to use Interactive Brokers, but I have a single member LLC and they want me to set it up as an individual acct and change it after it open. I'm just not comfortable with that.
Leaving Ameritrade after 10+ years. What brokers have treated you right and are good for trading low priced?
Convertible debt holders almost always reserve shares. If they don't, they get caught in a position where there are not enough shares authorized for them to get their money back.
Looks like singer jumped ship to be president at exol. His name is in their pr today.
Same with me. I was within inches of pulling the trigger and cutting losses. I'm out now. Not that I don't think it could trade higher, but I had several million shares and the volume made it easy.
Considering I still own MSFT, AAPL and INTC I bought in 1987, a few of my longs have done okay. If you just knew who I am, you could read my shorts on seeking alpha. Thanks a lot for the sage advice though.
Ha! Look at my posts. Been buying for two weeks. I'm long, long long and I ain't selling.