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It would seem you made the right move.
No chance I'll average down as it appears too risky to me and I don't have money I'm willing to lose right now.
Perhaps things will look different here in the future. I could see a near term run if the sector were let loose..
But I see more desperate attempts to raise capitol by BLEG, especially if they still plan to open a storefront. LOL, just what the company needs... a large amount of fixed costs to account for.
Is it foolish to not pick up some 2's here for a possible quick gain?
Possibly.
But due to the lack of clarification I just can't do it.
More than an explanation of what happened... Id love to know who made the RS call and how they saw it as a benefit to the company. Other than the obvious bilking of longs of their % ownership and value of it.
I think this play will be worth the wait ;)...JMHO when CBD is let loose we'll fly through pennies here as the plan is revealed.
During the pandemic, banks cannot foreclose, landlords cannot evict, utility companies cannot disconnect.
Too bad SEC didn't step up and say companies cannot R/S!
Screwing your shareholders during a pandemic and economic disaster? What a low-down, scumbag, punk move. I will never buy their mediocre product again.
Hemp coffee is alright... but I am a daily bean grinder and as a coffee snob, I found the hemp coffee palatable at best. CBD whole bean is good but WAY too expensive. RTD coffe? I almost had to throw it away.
The CBD tea is good, but some flavors like hibiscus green tea disappointed me big time. And again WAY to expensive for 10mg CBD.
If anyone here is still bitter about the R/S like me... not to worry. Unless they come up with better products, at better price points, using better marketing techniques, they aren't going to make it when, and if, CBD is allowed into the food/beverage supply. Elev8 had it's chance and Medico F'd it all to h3ll.
PPS .25? SMH
We will never recoup our losses here. I don't care how great any "new" news is. A buyout by Pepsi wouldn't even do it. I am SO disappointed in how this investment turned out. Makes me sick.
Lesson learned, trust no one in the sewers. No CEO, company with good SS, conpany (not a typo) with real products... no one can be trusted down here.
The sting from this one makes me never want to put money into a stinky pinky again... unless I'm "sure" it's a winner ;)
If I had non-dilutable, pre RS value, shares... I'd be selling them all right now. And laughing all the way to the bank. If I was a d!ckhead.
There is NOTHING of value for common shareholders pre RS. Not one single thing could save our "investment" as we all know BLEG will not be trading $7-10 PPS anytime soon. Lesson learned. I'll just sit on my less than 1000 shares and feel like a fool for buying into VATE.
DAMMIT I had such high hopes for this one...
That confirms it.... we got VATED.
Retail store does not get me excited. Very tough foray. Especially with coffee and beverages.
Non hemp/CBD coffee products... are you kidding me? Hemp/CBD was the only reason I was interested in their mediocre, high price point, offerings.
Could have qualified for OTCQB without 300 for 1 RS. With good communication and a 10 for 1 he could have accomplished the goal without pissing everyone off and causing a plummeting PPS and overall company valuation.
SMH as to how any of the recent developments better positions Elev8 or common shareholders. This sucks.
Pretty much all of the sound bites here apply to my thoughts regarding this morning's R/S news...
https://www.soundboard.com/sb/IronSheikSoundBoard
At least it has me laughing...
What a shame! 1 for 300 just isn't adding up to me. If this was done to try and get the company uplisted I think it will backfire. They couldn't make it work in Pennyland so why boost share price higher by reducing shares of long investors?
Whatever the answer is I HIGHLY doubt it will benefit the common share investor. I'm too sick to my stomach to try and take advantage of any bounce back from this free fall, but I guess that's how you make money in the OTC sewer.
Branded Legacy Inc? How does that promote health and wellness products?
Maybe if we sold premium beef cuts but not hemp and CBD. Does this mean rebranding the packaging... again?
This will take a moment to digest. So far I cannot think of any way it is positive. VATE, or rather, BLEG, was one of the few positions I had confidence in. Lesson learned. Flip or loose in the OTC. Never accumulate.
"https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138041101"
Although a laborious read, and directly related to P0TN, very interesting insight into how "they" "do it".
Makes me think my shares here may end up worthless. If there are gains for me here, I'll feel like they are most likely illegitimate and make me part of the scheme.
I want out of RSHN, but not at .0002! Guess I'll just keep waiting for next week;)
Sounds like those with proper labeling, QR codes, and no claims of medicinal benefits may stand to separate themselves from the rest.
What if Medico has this company in a position to benefit from your prediction?
Or what if it's all a pnd scheme?
I guess that's why it's so risky to play OTC. I for one look forward to seeing how this play evolves.
You have some valid points and there is more here than meets the eye, but lawsuits? Who do you sue and what could be gained? Frivolous if you ask me.
This is an OTC stock and inherently there is risk. No one forces us to hit the buy button and smack dat ask lol. If you don't want to take the risk, don't buy it.
That being said, I've bought, and have no problem holding on. Vate has a mission. Vate has products for sale. Although I am not a fan of the current RTD coffe formula, I like all of the other products. Especially the whole bean CBD coffee.
There are too many factors affecting pps today to lay blame on anyone. Once our Country recovers from the Covid pandemic, and the politicians/FDA successfully remove their heads from their asses regarding CBD, I want to be sure I have first class tickets for the VATE TRAIN!
I don't know if Badguy is the "partner" to be concerned most about...
Greasy was the one on here bragging he had a "fuc ton" of shares to keep selling us lol.
I appreciated the gains when they jumped onboard the train here... but been disappointed in PPS ever since. I hate to say it, but wish I'd been a little more savvy getting back in. I'm averaged over .02 currently. At least I kept some of the prior profits.
Overall I see getting my investment back for certain. Just don't know how this goes on the monumental run I'd hoped for unless Medico proves he knows how to build an empire that can smash through the flipping barrier. I'd say 50/50 chance which ain't half bad for OTC's.
Anyways, just my observations. Go ahead and delete mods.
All of the CBD OTC companies are an "IN CASE" investment scenario at this moment.
Until the legalities are ironed out, the big boys have to sit on the sidelines, and NO ONE really knows what is going to play out. Technicals on OTC CBD stocks? LMFAO
How else is an OTC CBD RTD beverage company supposed to raise capital?
Death spiral toxic lending?
Illegal accounting practices?
Crowd funding and selling shares at a discount?
We bought Blessed Bean. We redesigned the CBD ice tea bottles including QR codes. There is evidence capital raised through share selling produced tangible assets increasing the company's potential value.
I for one, as a small share holder, thank Ryan for his service and apparent efforts to see this challenge through. It might not be pretty... but it might just work.
I'm holding and willing to wait. Eventually, the legalities will be ironed out. I wont sell until after that happens and, depending on the results, might just keep holding to maximize my reward for doing so.
The truth sometimes hurts, but alas, it always shines through.
It was posted over and over.... and over again, late last year this company would collapse and the PPS would be trips by year end.
I wonder whatever happened with that?
I never saw trips.
Guess the great prognastictor felt some kind of hurt since they were NOT telling the truth.
I don't claim to know much truth about this company, but plan to hold a small position for a while in case things get fun around here. I appreciate those that post actual factual information on this board.
GLTA
Oh I hear ya loud and clear.
C'mon tax return... I need some extra funds to average down significantly on your upcoming projected PPS. I for one would love me some $ubbies. I'll double or triple my position here.
I dont like buying when everyone else is. In my opinion it's a bad idea to buy a stock like this when bullish, there is large buy volume, and the message board is lighting up. That's when you need to already be loaded up;)
I like crawling through the sewage and picking up the shares I want.
Up +%40 yesterday, down %3.5 today.
I agree volume is minuscule, but I'll take the above PPS performance all day every day:)
I thought this was supposed to be trips as of the New Year? Glad I held on.
I, like you, have made small gains in the past buying and selling this in a timely manner. Only it used to be in the multi-pennies range.
It's done nothing but steadily decline. Why?
I also used to refute negative posts by other posters.
Paid or not, by company or someone going short, it cannot be denied there are periodically several new IHub members who show up here incessantly posting positive posts and rays of sunshine. Mostly factless conjecture too. Several posts from each of them every day. That cannot be denied. Where's Bearlove LOL.
Now, do your DD. Go back several years here and look at Stockscamalerter's posts. No fluff, no exaggerations, just facts. Same profile, same account. Like it or not he's been right all along regarding the companies actions.
Although money can be made if timed right, there is something inherently wrong with this company. I, for one, won't touch it again unless something changes significantly.
Trix are for kids, PR's are for flippers.
VATE focusing on product development and ensuring we are positioned well for National CBD beverage distribution once the FDA backs off and stops working in the best interest of big pharma... that's for investors.
I couldn't agree more.
Lots of factors holding this from blossoming but with the framework in place I'll be here holding and waiting.
I truly believe VATE is one of the few public CBD beverage companies that is a bonafide buyout candidate. Sure... the big corporations could go for it themselves and squash most OTC companies once the legalities surrounding CBD are ironed out.
But, we have a great product line, excellent business plan, favorable share structure, and are already labeling QR code compliant drinks. It's a nice and neat little package with a big bow on top.
Why not VATE?
Briskly... hmmm
A person of your intelligence level uses their words very carefully. Makes me wonder if you are alluding to something.
A quick Google search of "brisk ice tea" has me wondering.
Appreciate your meticulous DD here.
IMHO accumulation, patience, and holding of VATE could really pay off long term. Someone will come out on top of the CBD infused tea/coffee sector. Why not VATE?$$$
Amazon carries them. I tried Pumkin Spice and liked it. The price point is good and I had no trouble using with a Keurig machine.
Single Serve House Blend:
https://www.amazon.com/dp/B07YTL1H8G/ref=cm_sw_r_cp_apa_i_fHzjEbSSX4JHM
Single Serve Pumpkin Spice:
https://www.amazon.com/dp/B07YTDRDR8/ref=cm_sw_r_cp_apa_i_sLzjEbHH9JSGG
Its everywhere here in Cali.
CVS, 7-11, small markets, heck I even bought my Mother-in-law some CBD lotion at Ulta Beauty this last weekend for her B-Day.
I will admit there are limited places selling consumable CBD products (drinks, candies, food) but they are readily availability at small stores, smoke shops, dispensaries, and CBD speciality stores.
Things could get really Interesting with WSRC once the legalities are ironed out Nationwide IMHO.
Thanks for sharing.
Although a little vauge...
There are still 40 million in assets, which will be re-appraised.
No reverse split.
A plan for growth in 2020.
Glad I'm still in. Holding my shares for the foreseeable future is a good plan IMO. Better than the much touted dump approach theory.
I think we need Elev8 gear. T-shirts, coffee mugs, stickers, etc.
Brand recognition and market awareness will be the key to us having a chance of establishing Elev8 as the CBD beverage choice of the "cool" people.
I remember seeing all of the Monster stickers on peoples cars when they began dominating the energy drink sector.
Im taking my new 4x4 TRD offroad Taco out to Ocotillo Wells this weekend. Wish I had an Elev8 sticker on my back window to help spread the word.
You know I'll be keeping my Dad and I hydrated with some CBD Lemon iced tea. It works well to cure dry mouth from consuming THC;)
There was no free option for me. Hmm?
Maybe cuz I'm out here in Ca.
I'll definitely keep trying.
Each time I've ordered in the past it was free shipping and I enjoy the product. This is a very real company with very real products which I enjoy;)
I've held OTC company shares through worse scenarios...and made $ eventually.
Nothing to do here now but hunker down and see if we can weather the storm.
Eventually this cracker may crumble or, like a box of Cracker Jacks, we could find a toy surprise. I refuse to let my shares Fall to a loss this year.
I bought some today... but no way mine got unloaded for minute gains. I'm holding this one.
My precious. $VATE
They have to do something about the shipping. It's cost prohibitive. I can't justify spending 51.50 on a case of 12 CBD teas with $29 shipping.
Perhaps one day I can stop by my local 7-11 to pick up a few bottles?
Hopefully they offer free shipping again and I'll buy 3 cases to enjoy and pass out for X-Mas.
400 k sold according to I Hub trade page.
Perhaps some of the highly advertised 3 milly dump scheduled here EOY by a past poster?
Not in trips... yet.
I look forward to seeing if anything changes here if Federal legislation clears a path for CBD and opens up financial institutions.
End of year and Q1 could show a sign of life. If no news by Q2 I might be concerned about recouping losses with WSRC. Until then it's time to think about turkey and cranberry jam.
Hibiscus flower is also the main ingredient in Jamaica... a very popular drink. Mmm muy bueno. May appeal to more than just women.
I've always mixed Jamaica and tea. It's good. I call it a Chi-Chi Rodriguez instead of an Arnold Palmer;)
Now that could be a good sports celebrity endorser to help market Elev8's new hibiscus CBD tea. He can't be too expensive and I think he lives in Florida. Imagine him touting our CBD hibiscus tea as the best thirst quenching recovery after a long day playing 18 at your favorite golf course.
You may have answered your own question in your post?
Seems to me COA would be of utmost importance when rolling out CBD oil... finally.
Until there is some clarification of ingredients and purity I'm skeptical.
Another dump?
You must've had too much hemp CBD coffee today.
They have real assets, real products available, Amazon choice... but some here obviously don't have patience.
All I am saying is this appears more legit than most OTC companies I look at. This was also my first 10 bagger so I have an affinity for it.
It's not all for "insiders" pockets.
Elevate bought Bleesed Bean and roasting equipment, developed/rolled out RTD CBD beverages, expanded hemp coffee varieties, introduced single serve and soon to come whole bean CBD coffee beans, redesigned bottle labels to emphasize CBD isolate hopefully conforming to FDA final guidelines...
And this was all done while the Federal banking institutions and major investors cannot get involved.
Was there some sketchy financing? Probably. Was there toxic lending? Most likely. But what other choice was there?
Sure some have made money during this growing phase. But if this thing becomes a Monster I might get a small piece of the pie...
yes the pun was intended.
VATE has more potential than any other penny PPS CBD stock I follow IMHO. Name one better.
You are right about trading this for profit currently. Best to hold it and wait patiently.
I would be worried about my VATE shares value if it weren't for the legalities and uncertainties the entire CBD sector is experiencing.
I see this as a good entry point or opportunity to average down.
Holding some of this stock worked out well for me in '17;)
= raising capital = product development = potential future profits.
All pinks are a risk. I like this one myself. I see a whole of riskier CBD plays out there.
“Work hard in silence, let your success make the noise.” – Frank Ocean
Elev8 sells hemp coffee, hemp tea... Amazon choice.
Single serve hemp coffee, RTD CBD coffee and tea... coming soon whole bean CBD coffee...
Do you prefer CBD water companies?
Share structure is realistic, potential for merger, already CBD isolate compliant.
Honestly... the whole sector is down. Name a better hemp/CBD beverage stock to own.
Don't think there is one IMHO.
I snagged that last one. Not to worry... Amazon says back in stock Nov 2.
Glad to see more product is readily available to Amazon.