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With everything that is not happening and radio silence from BLDV, I'm beginning to wonder if Todd and H360 may have also deserted BLDV. There's been no news or updates on the merger and no calls or PR's from Todd. This clearly doesn't look good for anyone looking to invest in BLDV. If the merger were proceeding, canceled or still in negotiations the company really owed us stockholders some sort of update or status.
Money has always been the problem for Josh; without funds very little happens, and without a product its hard to secure funds. Since BLDV doesn't actually have a product it makes it difficult to secure investment funds. The AMS deal would have given them an actual product and a reason for investors to support the company, but it fell apart for whatever reason. So here we are in trip-land with an MIA CEO (or who is the CEO Josh or Todd? Regardless they're both MIA or MII "missing in inaction").
Its not CANN10 that's buying
VANCOUVER, British Columbia , June 12, 2019 /CNW/ -- Sunniva Inc. ("Sunniva") (CSE:SNN, OTCQB:SNNVF) and CannaPharmaRx, Inc. ("CannaPharmaRx") (OTC Pink: CPMD) are pleased to announce that they have entered into a share purchase agreement dated June 11, 2019 , pursuant to which Sunniva has agreed to sell Sunniva Medical Inc. ("SMI") to CannaPharmaRx in an all-cash transaction for CAD $20 million less certain outstanding liabilities in SMI, including the mortgage on the property. Net proceeds payable to Sunniva are anticipated to be approximately CAD $15.5 million . Closing is anticipated to occur on or around July 5, 2019 . Effectiveness of the agreement is subject to certain closing conditions including completion of a financial audit of SMI and receipt of sufficient financing by the Purchaser.
"They recently doubled the size of the VA contract. And yes, that is still happening"
If they don't start something on the Virginia project soon, that licence will expire and that will be another deal that can be added to the list of Josh's failures.
What a bunch of bull, as Jeterman says "nothing of substance" and the updates that he does give are not really updates; just promises and plans that seem to dissolve over time or are not followed through on.
How many times has he promised to do something by a certain date only to see that date come and go with the promise ignored? These are not big deals just simple things that he could follow through on to give him and the company some legitimacy. Very sad.
Still hopeful though. Maybe Todd will emerge from his black hole and find a path forward.
WHERE'S NEW "CEO" TODD SCATTINI???
I would say Todd is MIA except there hasn't been any action.
You may be right about Josh wanting the price to go down. Other companies that had the Yield sign issued recently were able to get the sign removed within 48 hrs after refiling.
Or, Josh may not care and just be too lazy to address the issue. Since he controls the company with his super voting share it may not matter to him.
That's the frustrating part of this stock; every time good news comes out the stock price falls.
Maybe Ryan should put out some bad news the get the price to go up.
It seems that every time what appears to be good news gets released the stock price drops.
You are correct, updates and information are way overdue. It's as if they don't care about the stockholders.
And what about the Virginia project? They have to get that up and running or they will loose the licence.
If they let the licence expire that will be another failure we can add to Josh's list of defunct deals.
Meanwhile the PPS keeps going down.
So far Todd has done very little for BLDV. At least from what we are told publicly. We still do not have any verification that H360 will merge with BLDV. Josh is still running the show, and if the merger does happen what will the terms be? Will josh still have the controlling share of the company. If I were Todd I sure wouldn't let Josh keep control under the circumstances, and what kind of revenue will BLDV see. So far from what they are saying the revenue will be for consulting and advise. That to me doesn't add up to very much revenue.
As far a Quality Green is concerned they pulled out and now BLDV owes them $25M. Lets hope the relationship doesn't sour.
You're right about having a ton of carrots out there; But at sometime those carrots need to be harvested or they go bad. So far Josh has not harvested anything.
I'm still keeping my fingers crossed the H360 deal goes through and doesn't blow up like all the other deals.
Instead of merging with H360 which seems to have little to offer BLDV or the stock price, Josh should be trying to merge with a company like Invictus which has:
1. Facilities that are actually growing products and selling products in both the Americas and Europe
2. Actual licenses to sell both medical and recreational strains
3. Has property and actual plans to increase production in 2019
4. Most importantly has $20,000,000 in its treasury
The Cann10 technology could be helpful to a company like that and the combined/merged companies could really lead the sector to heights that would make all investors happy.
I asked Ryan why the Supplemental Information is not shown anymore, and he replied that he was going to check into it.
Based on that reply it would appear that he didn't know it was moved to the inactive list.
Very curious to see what he will say.
I think what freemoney is trying to say is that the supplemental filing no longer is listed on the OTCMarkets filing documents list.
The question is;
Did Ryan remove it?
Did the OTC reject it?
Is it filed somewhere else?
or
Will there be a refiling?
As I said before, I still see that the company can be turned into a diamond with management doing the right things.
But it all starts with doing the little things the right way.
Hopefully the deal with Todd becoming the CEA hasn't gone south, as I thought that was a positive development.
What's comical is that you don't seem to care that the management of this company can't even do the simple things in regard to running this company, nor can they follow through on promises they make, or keep stockholders informed.
They don't need to tell us everything, but when they say they are going to have monthly meetings to keep us up to date that seems like a pretty easy thing to do. Its been almost two months since that comical call they had and no real news, updates or conf calls.
They said that Todd would be taking over as CEO; they could keep us informed if this was still going to happen, if it's already happened, or if the deal has fallen apart. Instead what we get is radio silence.
These are basic things that can be done easily if you are really running a company even in the OTC market.
And just to clear things up about my financial status I am already a millionaire.
wrong,
LOTS OF NEWS!
No real news or information updates in over 5 weeks. promised monthly calls, has not happened.
INVESTOR CALLS!
They had a nothing call over a month ago that did not answer real questions. Just a lot of fluff. They had the call and came unprepared with anything of substance.
THEY PROVIDED 2019 PLANS
Just a lot of fluff with no real goal or plan.
INCLUDES $3,000,000 in PROJECTED REVENUE!
Lets see some results. They can say anything, but so far no real revenue or updates on where the deals are, and of course no new financials so we can't really make a conclusion about anything.
Lastly no news about the new management; has the deal gone through or are we still working under the critical thinking of Josh. There's been no information released. This can be done very easily through their website or some other site that doesn't cost any money, since it looks like they don't have any.
I don't think it's too much to ask that the management at least does the simple parts of their job.
I'm done with you.
New day, new price (.0005).
New management is really moving the stock price; or are we still under the old management?
It's really frustrating not knowing what the company is doing.
No news of new business
No news about future plans
No news about reverse merger
No news about financials
Just more broken promises, same as before.
I hope this gets turned around somehow.
I would expect with the reverse merger the super voting share would be history, but again no news about the reverse merger or new structure.
They need to start doing business like a real company if they are going to succeed. That means keeping shareholders informed of what the company is doing.
I was hoping that things would be different with Todd at the helm. Josh has a record of making promises that are never fulfilled, claims that never come to pass, and ambiguous forward looking plans that never pan out.
So far Todd has done almost as bad; he can't even hold a conference call in the time-frame as promised after his embarrassing last conference call.
I still have not seen anything that verifies Todd has taken over the CEO position at BLDV and that the reverse merger has been finalized.
The last PR said that that was the plan, but no official announcement has been made that I am aware of. They did say however, that Josh is the CEO of BLDV in the last PR this week.
Remember Harvest 360 was being bought because I think Todd wanted a publicly trading company and he was the driving force behind the Virginia deal. BLDV really didn't have much to offer other than being a public company which was current and could be merged for a small investment with an opportunity to get uplisted in a short time frame.
I'd feel better if BLDV made an announcement via their website, linkedin, PR, email, facebook, twitter or whatever that the merger has or has not taken place. They owe us that much.
It's very possible that Todd was and still is CEO of Calvary Cannibis since that was five months ago. It has only been a couple of months since the BLDV press release announcing Todd would take over as CEO and Josh would move to COO of BLDV.
Since then of course we haven't heard anything that confirms the new positions, and the latest press release or information release had Josh still as the CEO.
Not getting MEANINGFUL updates and information keeps everyone in the dark. For all we know Todd may have backed out of the deal since he has not followed up on his promise to have a conference call every month.
AR Marketing is the only company I could find in Ohio that meets the qualifications that Ryan posted. He should have posted the address and email at the same time. This company was also posted this morning on Twitter as the company hooked up with HIPH.
At least it seems to be a real company.
https://www.a-rmarketing.com/
They also show a large client list. Could be a very positive development.
We'll have to wait and see how they perform.
I hope you're right.
If Todd takes control and closes contracts then the share price will take of itself.
It's just a little worrying to see silly mistakes made in the press releases. It's as if they don't proof read what is put out to the public.
Or maybe Josh is still CEO and COO and all the other positions that he had.
Instead of expos, I'd rather see them commit to generating revenue. Going to expos is not going to raise the stock price.
And why is Josh listed as the CEO in the body of the release? I thought Todd was the new CEO. Josh is listed as the COO at the bottom of the press release which would mean the changes in positions should have happened.
Now all they have to do is convert these great ideas into revenue/profits. They have had many great ideas before but have not been able to transform the ideas into revenue; maybe the tenth time is the charm.
I've held this stock for quite a while expecting it to skyrocket with every great idea but have always been disappointed.
We'll have to wait to see if the new management can finally put the company on a course to success. I'm keeping my fingers crossed that my patience (or maybe my stupidity) pays off.
Since we still live in a relatively free society the choice is yours.
We are masters of our own fate.
That seems to be the only hope for this company. They certainly aren't doing anything on their own.
It's discouraging to see them put out press releases and news that should make the share price go up only to see it go down.
I'm not so sure that you are correct. My understanding is that J. Moaning sold these shares for funds and marketing services to be done for BLDV some years ago. Josh has tried to get these released when he first took over but was unable to because they are not owned by BLDV.
BLDV can bring suit because the marketing services were never rendered, but would then have to pay back the money that was given to J. Moaning/BLDV. As the shares are frozen and cannot be traded Josh left it as is because he didn't have the funds or the resources to bring a lengthy litigation.
Stervc has more info about what happened with these shares and what has to be done to release them.
KAM you are exactly correct; up until now Josh and everything he has done has been a failure. That doesn't mean the involvement of H360 will be a failure as well. For the first time in some years there is some light at the end of the tunnel. Hopefully it's not New Jersey.
As I said in my previous post there is a new energy with Todd taking over as CEO. This is not a guarantee that it will be a success, but neither is it a positive sign of failure. You seem to assume that anything BLDV does or plans to do is doomed.
I know BLDV is a gamble, especially in light of their history. But companies have been turned around under new management. All I'm saying is that we do not have enough information to make a reasoned decision since we don't know the particulars of the deals being made. Not everything is negative all the time.
Sorry to see you leave; your input will be missed.
There are so many ways a deal can be structured it's impossible to tell what will happen because we are not part of the negotiations and we do not know what plan or strategy they currently have in mind. If we did that would be insider information and it's illegal.
Kool Aid Man would look at all the possibilities and pick the most negative ignoring the positive alternatives.
But BLDV in in the OTC market for a reason. They have no capitol, unknown business plan, and unknown strategy to implement plan.
We have choices as to what to do with our money:
1: We can buy stock in the OTC
2: We can buy lottery tickets
3: We can go to the casino
All the above choices have a lot more loosers than winners, but in all choices there are a few winners. I'm hoping that BLDV is a winner.
I was only using them as an example of what may be possible. Maybe someone else has more information who the investors Todd and Josh are referring to are.
There are some individuals on this board that seem to be able to get more info and answered emails than most of the people here.
First you can't equate what the coal boys paid for the mail, a defunct property that was bought at distressed pricing to BLDV a company that is trying to build something for the future. There's property for sale all over the country in economically depressed areas that can be purchased for next to nothing. Sometimes for free if you have the right political connections.
You are correct that there are share structure problems, but Cann10 and H360 seem to think that buying this company holds promise if they implement the products and protocols that they are in control of. It would not be far-fetched the think the coal boys may see the same thing. Keep in mind they would be investing for the future, not the present. I have no idea how much they would be willing to invest; but a $5,000,000 dollar investment should not be out of the realm of possibility for billionaires looking to make money. The number was only being thrown out as an example of what might be done.
They may not have had a great deal of revenue under critical thinker Josh, but now that Todd has gotten involved there is already a different energy to the company. Hopefully this translates into real revenue and sees the company growing in the right direction. I can say more, but I think I better stop.
They could reduce the share count by using the strategy I described and bring it down to a more reasonable amount. Just imagine if their angel investors were to come up with $5,000,000; They might be able to retire two to three billion shares depending on what they could buy them for. Of course we don't know what kind of conversion rate the warrants would carry. In my example I had assumed one for one.
Then there are still two other items they need to address.
1. All the stock currently issued that can be converted to billions of common shares.
2. All the restricted shares (over two billion) held at the DTC that is currently frozen. This is not helpful in the long term even if the owners can't sell them.
These are questions I had submitted for the call that I don't believe have been answered.
I'm still hopeful that they have some deep pocketed investors lined up that see the potential here. Maybe those coal brothers; especially if they are bringing Cann10, H360, Dharma, and BLDV together.
They could reduce the share count by using the strategy I described and bring it down to a more reasonable amount. Just imagine if their angel investors were to come up with $5,000,000; They might be able to retire two to three billion shares depending on what they could buy them for. Of course we don't know what kind of conversion rate the warrants would carry. In my example I has assumed one for one.
Then there are still two other items they need to address.
1. All the stock currently issued that can be converted to billions of common shares.
2. All the restricted shares (over two billion) held at the DTC that is currently frozen. This is not helpful in the long term even if the owners can't sell them.
These are questions I had submitted for the call that I don't believe have been answered.
I'm still hopeful that they have some deep pocketed investors lined up that see the potential here. Maybe those coal brothers; especially if they are bringing Cann10, H360, Dharma, and BLDV together.
It all depends on who the warrants are issued to and what BLDV would do with the money.
If they have serious investors as they claim and the investors have confidence in their plan one option might be to issue 500,000,000 warrants at $.003 ea. that would raise $1,500,000.00.
BLDV could then repurchase shares possibly at an average price of .0008; that would retire 1 billion shares for a cost of $800,000.00 and BLVD would still have $700,000 to use for their operations.
Again this all depends on the investors that they say are lined up. Providing the new managements plan is a good one, if the price goes to .01 or more then the investors stand to make a lot of money if they convert the warrants to stock.
Of course the amount, price and conversion of the warrant is what is the tricky part of the negotiation.
Completely agree with you. That was my suggestion as well and will certainly work toward straightening out the share structure.
Looks like some very positive developments on the horizon.
I know, but why????
4.5MM shares left at .0009