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Re: analyst reports - absolutely. Many, if not all, have their own vested interests at heart. No good decision is ever based on just one single source of info, so a variety of charts/reports/opinions are always advisable.
To be honest, all market movements are the result of hype & panic - only in the traditional markets the sources are called "market analysts."
Now when you think about it, that fraudulent press release makes all those "911" stock transactions look just that much more circumspect.
Perhaps it should be pointed out that the cannabis market is an Emerging Market, and as such is in a Growth Phase. If anything, companies will be spinning off new companies, such as USMJ / PURA. Mergers & Acquisitions are NOT traditionally seen until a market enters into a Consolidation Phase, when the sector becomes saturated with companies vying for the same business space - and that's quite a ways off. As an aside, mergers are ugly beasts, and nobody should ever wish for one.
Funny thing is, this company is just now starting to get its' legs under it and get the wobbles worked out. It hasn't even taken its' first steps yet. Volatility is to be expected between here and the end of the year, at the very least, I would think. This is but one week out of many.
You also realize those notes to the company were issued at a par value of .001, and with the recent activity those notes will be satisfied in short duration, vis-a-vis, those relationships will be short lived. Not sure what the source of your information is, but that's the first place I'd start before assigning any value to the information...just saying.
/edit: Let me correct and say: "Could possibly be satisfied in short duration..."
In case you missed it, Rudman serves not only as CEO of this company, but as CFO for at least one other company. I'll go out on a limb here and guess maybe she's too busy to hang out on chat room boards and maybe didn't become aware of this until the time she stated in her SEC filing.
Do tell, Fly_fisherman...do tell. Feel free to elaborate on your point. I'm waiting.
You gotta have a strong stomach and cast iron will if you're going to make it in the market. Don't get your bloomers in a bunch over this hiccup - it's just one day out of many. We'll be in trips for maybe a week is my guesstimate, then back to where we left off.
Don't take this as trading advice...just for education purposes.
Not necessarily a bad thing here. If the company sold treasury shares at or near the ATH, a lot of debt got paid off - which will translate into a huge reversal of what we're seeing right now. Wait until the dust settles.
Young Padwan, try ever so hard to follow the bouncing ball here. The *company* isn't the one that put out the false press - it was sheister trying to artificially pump 'n dump his/her shares. This is not unlike someone doing something disreputable like, say, professing an upcoming merger when there is no proof whatsoever of such an occurrence happening. These are called "Snake Oil Salesmen" and are noise, banter, chatter and sources of baseless info.
That's why I was saying - by FINRA regs, a company has to send those letters to shareholders through the brokerage firms, and they in turn send a notice to their clientele. If nobody received such a notice...it's rather circumspect, then.
Not so grim, really. The more steep the climb, the more steep the correction - and corrections/consolidations are inevitable. Let it do what is natural...
Bottom target's been hit - next up is. 005. Have fun!
If you didn't receive a notice through your broker about a "letter to shareholders" - as a shareholder - you should doubt the validity of that contrivance.
Anytime, maxm
Two things with the price going up: 1) she can settle the outstanding debt much quicker by selling treasury shares or, 2) buying back stock would help push it higher.
Okay, brainiacs, the new filing was merely a request to withdraw the original submission for the cancellation of the 73+ million shares due to a typographical error - not some covert boogyman plan to take over the world. Keep your pants on already.
That's funny - my broker never notified me of a "letter to shareholders," which is required under FINRA & SEC regs. I question the validity of such a comical attempt.
Reread that 10-Q and post where it mentions ANYTHING about cannabis in the company operations description. Also, quote where it mentions anything about M&A in the concept of operations going forward. ::: hint - those are all BS :::
Re: Billy... just really not seeing that happening, to be honest. Anyone who holds that assessment is certainly entitled to it, but I'm just not one of them. I see an Accounting Major who has worked at several companies as a CFO, and at the same time rounded out her knowledge of company ops by working alongside Business oriented thinkers. Having such a broad KnowledgeBase to work from, she's in perfect position to take a company such as this one and totally remodel it from the ground up. But, to each his/her own on assessing what the future prospects are. Time shall tell...
Triple zeroes and debt over the head with no real production inventory/sales to show is not an attractive buy for anyone. Not sure what you're seeing in the LCLP chart, but it doesn't pass the TA smell test OR fundamental analysis smell test (at this time) imho.
Really don't understand the merger rumor talk. For one, this company is by no means an attractive candidate by any measure. Secondly, as a new CEO who is busting her rear end to get this company solvent and current in filings, I seriously doubt she's willing to just give up the reins so easily. LCLP benefits from finally having a numbers savvy CEO that has learned operations in her tenure with other companies. I'm pretty sure she's looking to do things her way for a while with this company.
Re: "Somebody's trying to get it back to 0002-0003"
You say that like it's a bad thing! Still have a long way to go before the debt notes are paid off and this thing is back in the black...or close to it. Make the most of the opportunity and be patient.
MM, to get a good answer, check a reliable place like Investopedia. Worth a bookmark, as well.
...and knowing is half the battle.
G.I. Joe!
Okay, well that leaves a little confusion as to what exactly this company would be "un-merging" from. More info, please...
When you say 'reverse merger' are you actually meaning to say 'reverse split'? Reason is that the two are worlds apart...just for clarification.
Not sure how anyone could see this Share Structure as anything but embarrassing. Over a billion outstanding and this company produces virtually nothing. In comparison, other companies with over a billion outstanding shares that *do* produce something:
Canon Inc. (CAJ - 31.69)
CVS Corp. (CVS - 66.46)
Eli Lilly & Co. (LLY - 89.38)
MetLife Inc. (MET - 44.24)
Southern Co. (SO - 48.02)
This company has no business whatsoever having a gazillion shares in circulation; doing so is the main thing killing the price. About the only positive aspect is the quasi-difficulty in achieving a majority holding percentage.
By the way, there were no "forward looking statements" in the company's Annual Report: operational description mentioning any hint of marijuana industry related activities, so please just stop. And no merger. Nada. Nicht. Nein.
Around .0014 is the first resistance level it has to break through; the major resistance level after that being about .0018 - and that's asking a lot with the humongous debt this albatross is carrying.
Let it ride out the summer @ 1's to 3's. That latest filing was far from stellar and doesn't justify any upward mvmt. In the meanwhile, let the clock keep running out on short term vs long term capital gain.
Too funny. The Level 3 Montage looks like a bloody red wall from 44M+ being sold and y'all are talking about scoopin', loadin' and buying? Only 80k got bought.
I think the game plan is precipitated from the falling out with their auditors. In short, LCLP was told in no uncertain terms that, basically, "if your paper trail is this screwed up, there's no way you can ever hope to secure necessary funding to continue as a going concern. You have two options: Liquidate the company or get this goat screw of a mess cleaned up. In any case, we're out." Having said that, liquidating the company would cost more than any of them make in salary in a year (not to mention the follow-on lawsuits that would be spawned by past creditors seeking their money back) ~ so there was really only one viable course of action to pursue...and that was getting the paperwork caught up in order to be able to approach potential commercial investors / loan underwriters in order to keep the company going. Should Victoria succeed at doing that, THEN perhaps we'll be able to see a company 1-5-10 year plan and some inkling of an idea of what direction she'd like to take this Frankenstein.
My bad - I meant to say 10-Q, not 10-K. She's catching up on old filings which predate his departure, so that won't get reflected until follow-on filings that cover that appropriate time period. Basically this 10-Q she's taking care of now is like a snapshot in time of past events - only the film is just now being developed...if that makes sense. Once this one is filed, then she'll have to address the missing quarters of Nov-Jan and (start to work on) Feb-Apr.
Make note of the heading (Period ending Sept 2017), and bear in mind her answers would be addressing all time periods prior to, and up to, that quarter. Until she satisfies the July-Sept filing quarter requirements, all subsequent quarters don't exist yet (for all practical purposes). Also note Sect 4, which states "no appreciable changes are expected to be reported." IIRC, Huey hadn't resigned yet (as of Sept), so that also would not get reflected in the 10-K.
Just finally getting their ducks in a row is all. The header indicates she's addressing the grossly overdue quarter ending Sept '17. Before the current quarter can be filed, the past quarters have to be filed & on record...which is what the extra time request is asking for. She's doing Admin CYA stuff finally. Should be interesting to see the 'why now' and 'where is this leading to' play out.
The leap to ridiculous assumptions being made here is pretty funny, I have to admit. As for this 'merger' banter, don't expect this company to be a part of anything like that anytime soon.
The one (very) loose thread some of y'all are grasping at is one Victoria Rudman, and she's resigning her position (as well as several other key executive staff members). So now instead of serving two masters, she has all the time in the world to attend to matters at LCLP, as she should've been doing all along. Yay, she got the 10-K filed - positive step, there. Next let's see a revised company growth plan for going forward and a meaningful plan to address funding and continuing to pay down debts. Victoria may want to try to bring over some of those former executive staff members she worked with at the other company.
As it stands right now, LCLP runs like nothing more than a shell company. It's not merger material. It needs experienced people to turn it into something first . . . THEN maybe it'll have value and be an M&A target. All I see happening with this thing is the leftovers possibly regrouping here under Victoria's leadership and recreating something similar to what they had previously.
Daily Volume: 1 trade, 20k shares = $4.00.
Loading up, much?
LOL, slow down there high-roller! You're out of control!
The best thing that could happen for this company (and all concerned) would be someone looking to avoid the IPO process take the reins of this shell corporation and turn it into a legitimate company. What's bothersome is how many shares are currently outstanding, and how difficult that makes it to sustain a price movement after a certain threshold.
At the very most, I see someone paid a 'retainer fee' in order to list them on the corporate paperwork as an executive officer. The individual you're trying to associate with LCLP obviously plays no active roll - they're now HOW FAR behind in their SEC filings?
This company is like the creepy old house down the street with overgrown weeds, broken windows and weather beaten all to hell that nobody wants to buy. The visuals alone are an indication of what the financials are like under the surface.