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Curt,
If you liked it at .0016 you should love that it's available at .0015
How does this help HIPH, it has no product to offer the public hence it has no revenue.
If only they had a product to sell they might be able to take advantage of the second covid wave.
Still #1 on the breakout board so it's getting more eyes. If the financials are good it should make a move.
I'm keeping my fingers crossed that the quarterly will have something positive.
Hopefully they will file on time.
16 million traded so far this morning
Just stating the facts. The preferred shares are there and can be converted.
If they issue a good quarterly along with this good news then the company may be heading in the right direction, but the share structure will still need to be addressed.
For years the company has made promises that were never fulfilled.
As of November 6 the OTC reports the following:
Share Structure
Authorized Shares 5,799,499,999 11/06/2020
Outstanding Shares 5,385,585,689 11/06/2020
Restricted 1,304,636,711 11/06/2020
Unrestricted 4,080,948,978 11/06/2020
Held at DTC 2,633,430,085 11/06/2020
Float 4,550,948,978 04/24/2017
Transfer Agent Securities Transfer Corporation
In addition to the 5.385 billion outstanding shares above you have to add 2-3 billion common shares that can be converted from preferred shares that Josh issued to relatives and others. That will bring the total to over 8 billion shares before returning the 1.2 billion they said are being returned.
If they return to 1.2 billion as they say they are, then that still leave around 7 billion outstanding potentially.
You are right about doing this two more times at least. Even after returning the 1.2 billion shares, that still leaves potentially approximately 7 billion shares of common stock.
Hopefully they have a plan to bring that number down.
It's not dreaming if they can show enough revenue and earnings with a possibility of growth going forward.
I never said that it would be easy, and so far they haven't performed all that great.
The real number is closer to 8 billion shares if the preferred shares get converted to common.
My opinion is if they could do $12,000,000 in revenue and earn 6-7 million in earnings, then the price might go to 2-3 cents per share with an outstanding share count of 8 billion. Bringing the share count down from there would help the share price drastically.
I agree and I have been saying on this board for some time they should have been buying back stock at the discount prices they were available.
If they can raise the money, even at the current price the stock would be a bargain for them if they have some solid plans going forward.
If they could get the preferred stock back that Josh gave away to relatives and others that would also take about 2-3 billion potential common shares off the market. As of now the company has a potential of 8-9 billion common shares being outstanding. With that many shares it will be hard to get the price to go up significantly unless they have a miraculous amount of revenue being reported.
It's only significant if they have something to sell. So far they have not shown they have any product for sale in any quantity, and their sales figures confirm that no product has been sold.
They can't do a reverse split unless the DTCC approves it and last time Josh tried to do a reverse split, they were denied by the DTCC.
Also there is an additional billions of shares that would hit the market if the preferred shareholders convert their shares to common. That would bring the total up to somewhere near 8 billion shares.
Hopefully they can find a way to bring the share structure down to some reasonable amount.
My feeling is that reverse splits always bring too many negatives along for the stock price. If they can buy back stock to bring the share structure down to a more reasonable level that's the best way to increase shareholder value over time. Being able to return shares back to the company at a cheap price also gives them the option of later reselling them for what might be a substantial profit if they need to raise money.
The only other area that has me concerned is the preferred shares that are outstanding that can be converted to common shares. I would like to see Todd retire some of these as well.
The DTCC has already refused the reverse split previously when Josh tried to do a 1 for 9 split. Unless this 500 million share buyback resolves their legal problems, the DTCC probably wouldn't allow the reverse split if they applied for one.
First news with some substance.
Hopefully the quarterly report has similar results.
Once Biden takes office (or if he takes office) the house is not the problem getting legislation started. The problem will be getting the senate and Mosco Mitch on board. He will obstruct anything coming out of the democratic house just like he did when Obama was president.
I think they are still trying to figure out what they want to do. As I stated Todd doesn't seem to want to be involved with growing selling or distributing the weed itself. So he has to find other ways of generating revenue.
So far whatever he has been doing has not generated a great deal revenue. Maybe this quarter he will shed some light on what the company is actually doing and what we can look forward to.
Just gotta keep on hoping!
To say I make no sense just shows you have no understanding of how business operates.
Todd doesn't appear interested in becoming a weed stock, and has made it pretty clear on the website that they do not grow, market or distribute weed.
If the law changes enough then he may change his attitude. But that would require a huge change in what is legal.
Remember the stock really took off on the anticipation of the merger with AMD in Canada a few years ago and the possibility of becoming a weed supplier. But like always that deal fell through too.
I've always thought a merger with Charlottes Web (CW) would make sense, but the law would have to change drastically for CW to merge with BLDV as I still believe Todd doesn't want to be associated with anything that may be illegal. Even this merger happened it may or may not be beneficial for BLDV stockholders.
If the law doesn't change and a merger partner is found, BLDV would most likely be kept as a separate entity so that the larger partner could control pricing of the testing to keep their costs low. That would also not be good for BLDV or its stockholders.
You have to understand BLDV is not a weed stock. At best it does consulting for weed stock companies.
So far the only thing that they have done is write applications for companies looking to get licenses in various states to sell or produce weed, and now Todd is trying to set up a testing facility to test the quality of weed for weed producers.
Those activities will not generate huge revenue or profit like companies that grow and sell weed.
If the government (state or federal) makes it a requirement to test and verify quality of product with some sort of required license from an independent lab, then BLDV may be in a position to reap some benefit, but there will be many other companies doing the same thing so competition will keep margins low. What is more likely is that large growers will build their own testing labs to avoid being dependent on outside companies that they have no control over, and smaller growers will be looking for the best pricing to keep their costs in check.
BLDV may not have gone dark, but they certainly have kept the stockholders in the dark.
They obviously haven't been able to sell any machines or other products since their financials have shown no revenue, and their PR's make no reference to the value of any contracts or production run size.
I'm keeping my fingers crossed that they have finally figured out how to file a report on time, instead of filing late like they have in the past.
If I remember they hired a person recently whose responsibilities included doing the filings. I believe Josh was in charge of them previously and they were hardly ever filed on time. If the company can avoid a yield sign that's progress in my book.
Hopefully the next quarterly report will include a positive surprise in earnings and revenue.
This has been a big part of the problem with BLDV. The management does not inform the stockholders as to what they have done to generate revenue. They put out an annual report showing 1 million dollars of revenue for the quarter without any explanation of how the revenue was generated or if this was from one or several contracts etc.
Josh and Todd should be updating stockholders as to what type and size of contracts are in the works and magnitude of potential backlog of work we can expect to see in the future. Instead they put out a bunch of fluff and general statements without any substance.
You shouldn't have to ask if they have any products available at Dharmacann. That information should have been released by the company to inform stockholders or part of the quarterly report. As of now we don't know what they do for the revenue they generate. The million dollars may not have come from contracts at all. It may have just been investment money from someone.
The other disconcerting item is the latest quarterly report showed zero revenue. I don't even know how that is possible.
It means someone was willing to spend 40 cents to bring the PPS to .0004. The good news is that all the shares that were available at .0003 have been purchased for now. Of course there's plenty available at .0004.
Tomorrow is another day and things may be completely different then and someone may be willing to sell to the .0002 bid if they get tired of holding the stock.
BLDV does not grow, distribute, or sell any products.
This is old news from over two weeks ago, and the stock has done nothing but drop in price since then.
The release doesn't say how much the production run is worth so investors have ignored it and clearly feel it is worthless since it gives no information or details.
Until you know where the money is coming from and what it is for it is meaningless.
Some time ago BLDV got a $25,000 advance on a contract for work it never did. It couldn't pay the money back and now it still owes the customer $25,000. Hopefully it doesn't have to pay the million dollars back because it already spent a good portion of it.
A million in revenue in one quarterly report. What they didn't say is where the revenue came from,
Is this one contract or a bunch of contracts? Maybe they're not contracts at all.
Is this a recurring revenue stream or a one shot deal?
There's no transparency with this company so evaluation is impossible.
Again without answers to these questions the million dollars is meaningless.
As a stockholder I would like to see the company succeed, and I think it could with the right management, but from what Todd and Josh have done so far their report card is nothing to bring home and brag about.
New quarterly due soon; maybe I'll be surprised when they eventually issue it.
Volume up and PPS goes down. Unless Todd and Josh can show that the company can generate consistent revenue growth the stock price is not likely to go anywhere.
So far their quarterly reports have not shown that ability, so don't expect the PPS to do anything but stagnate at best.
If this company is to have any chance of growing, Todd needs to parlay his government contacts along with his relationships of private companies like Charlottes Web so that all entities benefit.
I think BLDV would be a perfect takeover/merger target for the right company. Previously I had thought the two coal billionaires that are doing the Virginia mall dispensary would have been a good fit, and they could have made a bundle of money by either merging with BLDV or buying controlling interest.
Looks like more dumping from Ryan. Pretty soon it will be into triple zeros.
Maybe Charlottes Web (CW) will take it over. BLDV would be a good fit for them and allow CW to be a completely vertically integrated company.
HIPH has zero revenue streams because it has no products on the shelf to sell. All their products are samples that could be made but are not because they have no funds to produce them in any quantity.
This is proven by their quarterly sales numbers.
Josh tried a reverse split (RS) when he first took over (1 for 7), but the DTCC would not allow it. Unless they solve their legal issues around the shares currently frozen at the DTCC, a reverse split is not likely to be allowed now either.
Josh didn't do anything about the frozen shares then because he didn't have the funds for the legal action. I don't see them having the funds now either so a RS is unlikely to happen.
It's hard to do when you haven't done anything, and this team clearly has done very little. Even when they hold a shareholder conference questions need to be submitted in advance. That way they can pick easy questions that they want to answer and avoid the hard questions stockholders want answered.
Most of the information they put out is just fluff without substance, until they change that don't expect much.
Again Ryan talks about production runs and distribution agreements without any details. How large is the production run? Is it another two dozen bottles of water? What are the details of the distribution agreement? So far nothing has been built or produced. Are they going to wait for orders before production begins?
If the past is any guide; they won't produce anything or a very small quantity to show the product to the public.
The proof will be in the next report. What will the sales numbers look like? If the numbers are like previous reports, then Ryan can make more from a paper route.
WOW! A 1000 share trade for 20 cents all day so far, It's really moving up now.
What a joke this is.