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I thought Josh was supposed to review and sign the merger documents last week per his PR. What happened?
Another promise not fulfilled.
And the PPS keeps drifting down.
If Ryan was truly trying to build a company he wouldn't be teaming up with companies that have NO revenue and NO sales.
Instead he would be doing deals like "Charlotte's Web Hemp CBD Topical Products Expanding to 1,350 Kroger Stores Across 22 States"
Maybe because he is doing what he's supposed to.
1. Give stock to certain people at no cost
2. Pump the company with PR's that have no value so the people that he gave stock to can sell and reap huge gains.
Under the new share structure with no voting rights for the common shareholder, there doesn't appear to be any reason to buy the stock.
The sales through Singleseed are very small based on their inventory numbers, and the deals he's entered into with other companies are not likely to generated any significant revenue.
My concern is the companies that he has teamed up with have either no sales and no cash, or are very small and will not generate any significant revenue for HIPH.
He says that there are two containers of water being shipped. How much is that contract worth? Usually companies would be proud to tell the public if the contract is worth any significant amount, but he has said nothing about it's size or value. For all we know two containers could mean two dozen bottles of water.
I guess Ryan's frustrations must be keeping him from filing the financials like he is supposed to.
If product is going to be shipped then the quarterly report should reflect the sale and revenue.
It will be interesting to see what the next quarterly report lists for sales.
All the things you say are correct, that is why BLDV needs to find someone with the financial strength and vision for the company to make the investment to buy back the shares (maybe the coal bros).
or
If they are able to generate 2-3 million dollars in revenue over the next six months they might be able to buy back shares from those funds. Remember Todd had said in a previous PR that they are looking to buy back around 1 Billion shares along with the 700 million being returned from Cann10.
I know this assumes a lot.
a. 2-3 million in revenue
b. contracts that can be monetized
c. that the new team is not full of BS.
News out today from Ryan:
PLAYA VISTA, CA, July 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Premium Water Corporation (HIPH) (“the Company”) announces that it will launch its Lynks CBD Pet Water on SingleSeed (www.singleseed.com), a subsidiary of SinglePoint, Inc. (SING). Lynks CBD Pet Water is a joint venture with LinkRes Pets (LRSV). The product is expected to launch in early August.
It will be interesting to see what the second quarter numbers are. They should be out soon. If there is no improvement, then this news may be meaningless.
None of the guidance they've given us has ever materialized, so what you saying is that over the years we've seen transparent lies.
The only hope is that the company figures out a way to buy back shares (2-3 Billion) and return them to treasury to sell at a later date.
If they can do that, then they have a shot at legitimacy providing they can generate revenue and profits.
Based in their inventory numbers, Singleseed was selling one to two sixpaks of water per day. It is hard to imagine that Singleseed couldn't handle two sales per day. I'm pretty sure the site crashed for other reasons.
Ryan probably just used the crash for promotional purposes, and turn it into a positive development for the company.
And the trend continues:
1. News is released
2. Price per share goes down.
Although this is welcomed news, that's still no excuse to have been silent all these months.
Two Additional Preferred Class A Voting Shares Issued to Create New BLDV Voting Board
https://backend.otcmarkets.com/otcapi/company/dns/news/document/37053/content
It looks like there will be three super voting shares now. Once the filing is complete it will interesting to see what value each share has. I assume Josh will no longer be in sole control.
I find it incredible and unbelievable that there has been no word from Todd regarding his role or anything about where the merger with H360 stands. If the merger is still in the works they should say so, if not they owe the stockholders that information as well. It's been months without a sound.
Something doesn't seem right that they can't even get rid of the yield sign. The quarter is coming to an end; if the company fails to file, stop sign is next, and that will give us an indication that things are falling apart.
I'm not sure it's scamming. My opinion is that it is just sheer incompetence.
Unfortunately we investors are left holding the bag (an empty bag).
WNF says there are lots of things happening; I'd sure like to know just one thing that is still happening.
"BLDV has lots of things happening"
Really??
What exactly does BLDV have happening? I don't see anything anymore.
Everything that they have been involved with has fizzled out.
"If the deal with H360 is not going thru why is Josh still showing as part of the management team on the Harvest 360 site?"
Because they are too lazy to do even the simplest of tasks, the same way they are too lazy to get rid of the yield sign, too lazy to send out a tweet and update stockholders, too lazy to hold monthly calls as promised, too lazy to follow through on anything they say.
I've sent emails with questions, but they are just too lazy to answer.
This is from Sept 2018. All this has gone down the tubes.
JP, There is no mention that BLDV is still involved with the Virginia project. As a matter of fact now that the relationship with CANN10 is dissolved BLDV may be out of the picture altogether. According to the PR the Cannareet will be provided by H360, but we have no verification or news that the merger has or will happen, so again BLDV most probably no longer has a role.
You say you will wait for updates, my point is we have waited and have been patient. I don't think it is too much to ask for the CEO, whoever it is, to drop a twitter or facebook note to let the shareholders know that things are still in the works. There was a promise made to have monthly investor calls, where are they? So based on public information, one can only surmise that the Virginia project is dead just like all the other ones that never went anywhere.
With regard to the H360 acquisition, this is July and the merger was to be completed in April. Even if the merger took longer, for whatever reason, there should have been some notification of delay, but we have had nothing, so again we must surmise that the merger is also dead.
What becomes clearer with every passing week is that we have invested in a company where the people running the company don't care about their investors, or are grossly incompetent. I'm trying to stay positive.
Funny how all the great news keeps pushing the PPS down.
This is old news.
Since this release:
1. NO merger with H360
2. Cann10 has pulled out of their partnership
3. NO signed contracts
Based on these developments it is likely that BLDV no longer has any relationship with the Virginia project or any project. Of course we don't really for sure know because there's been no communication from the company.
And from what I can see H360 has nothing either.
So nothing + nothing = nothing
The other problem that BLDV has is the severed relationship with Cann10 NA. As the two companies are no longer tied together in any way, BLDV has no product to sell. No company is interested in paying for advise. These companies have their own teams to make those decisions, and the Virginia boys have their own funding.
As the H360 site says they do not sell, market, distribute or grow marijuana. That leaves BLDV with nothing to offer potential clients.
I'm not sure what that says about Singleseed if it can't keep up with 1 or 2 orders a day, since that's what they are selling based on their inventory numbers.
Financials for the quarter are due and should be out any day. That will show just how much water has been sold in the last three months. If sales aren't any better than last quarter then we know the site didn't go down because of overwhelming demand, but because of some other reason.
I'm keeping my fingers crossed that the numbers are better than my expectations.
What a disappointing company, it's almost as if the management were deliberately trying to tank the company.
All their deals evaporate with the company left owing money, and no sales.
SingleSeed has restocked both the six paks and twelve paks of the water and have about 50 of each in stock as of yesterday. Based on their inventory today, it looks like they are selling one to two paks each day.
HIPH will need to sell a lot more than that to be successful. Hopefully Ryan has something up his sleeve.
Yesterday there were 9 six packs left, today there are 7 six packs left;
Yesterday there were 12 twelve packs left, today there are 12 twelve left.
So they sold 2 six packs since yesterday. That's not setting any sales records.
IRSV has no sales and no cash ($100) so it is unlikely that they will be putting any product on any shelves anytime soon.
What does that mean? Another $1900 in sales for the next qtr?
The company should publish how large an order was placed to the bottler to restock SingleSeed.
Based on the history, the orders to the bottler must have been very small if they only sold $1900 and ran out of stock. That equates to about 65 cases of 12 bottles or less than 1000 bottles.
The team must all be too busy making cupcakes for Betty to worry about BLDV
"Either he's totally incompetent or purposefully lying. I don't know how else to explain it."
Maybe he's both.
There has always been a problem getting the water. I had to wait almost two months before getting it, and then only when I contacted Ryan personally.
The reason it is on back-order is because they have no money to pay a bottler to make a large quantity. What they have been doing is making small batches and paying for it with stock.
This report was paid for by American Premium Water ($2,500) so it is nothing more than a advertisement from HIPH, not an real research company.
I wonder what strong demand Ludlow Research is referring to. They can't mean the 480 bottles of water that the company sold last year.
We don't even know if the deal with H360 happened. There has been no official notice that the merger took place so we have to assume that this deal fell through as well just like all the ones before it.
Maybe Todd saw the mess that BLDV is and walked away.
Ryan has not shown any PO's, LOI's or any documents that show sales of products, all he has done is given vague PR's about potential sales; nothing concrete or verifiable. Plus he has no funds to pay the bottlers to make product, so I predict next quarters sales numbers will be in line with what we have seen so far this year.
Josh can't even get the yield sign removed. Other companies were able to get the yield removed within 48 hrs.
He must be hard at work with critical thinking.
This doesn't make sense. American Premium Water Corporation has practically zero sales so where is the so called Strong Global Demand for LALPINA CBD?
He's not going to be able to distribute product because he has no funds to make product to distribute. The beer company will be using the nano technology, but it is a very small brewery is unlikely to sell any significant quantities. Whatever they sell he will make a royalty on, but it will not be a significant amount. The other companies he has deals with are in the same boat (no funds); so they will not have any sales volume either. The major chains won't front him any money to make large quantities of product and he is unlikely to find someone to lend him the amount needed to make the quantities that he would need for the major chains.
He is projecting millions of dollars in sales for the rest of 2019, yet he can't produce a PO or order showing where the money will come from.
Highly unlikely that a major chain will pick up their CBD water since there is no product to sell to the chain.