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Did you notice on the last quarterly report Ryan has issued more shares than has been authorized?
Par or stated value: $0.0001
Total shares authorized: 1,000,000,000 as of date: 06/30/20
Total shares outstanding: 1,096,903,433 as of date: 06/30/20
Number of shares in the Public Float: 890,186,282 as of date: 06/30/20
I'm surprised the attorney's letter didn't mention that.
Looks like Ryan will be authorizing more shares.
At least they filed the attorney's opinion letter yesterday. Now maybe the Yield sign will be removed.
I don't think they will pursue a reverse split now because that would dilute their new partners shares unless they have some other hidden deal to protect their stake in HIPH.
If this new distribution deal that Ryan posted today doesn't take off, his new partner will bale, and then Ryan will reverse split and rinse again.
The next two to three months will tell the story.
If only that were true.
Unfortunately I don't see that happening. At least not with the clowns that are running the company now.
Looks like it's going from .0003 to .0002. Pretty soon it will be back at .0001
Bring back the goats.
Unless you know where the revenue comes from Profits are meaningless.
All I want to know is how did they get the $1,000,000 in revenue. Once that can be determined the profits can then be properly evaluated as to whether they are significant or not.
If the next report shows another quarter with no revenue and continued costs those profits will soon disappear.
Price back to .0002.
Goats are starting to look good.
The $675K profit was based on the $1,000,000 in revenue after expenses. Since we don't know what generated the $1,000,000 in revenue it becomes meaningless; hence the $675K of profit is meaningless since we have no basis upon which to make an evaluation.
That BLDV reported a million dollars in revenue for one quarter in itself is meaningless.
The real question is where did the million dollars come from?
Was this one contract or several contracts?
What did BLDV do to earn the million dollars?
Is this a one shot deal or will this be recurring revenue?
Until we know the answers to these questions the million dollars has very little meaning.
So far the Strategic Investment and Distribution Agreement with Singapore Development has done very little as the PPS drifts lower.
As you say more BS from Ryan to unload more stock.
I give it till the end of the year and the doors close for good.
It's not hard to do more than nothing (zero revenue last quarter).
It would be nice to be surprised when the next quarterly report comes out.
But I think that would be too much to ask for.
WOW! A twelve cent trade to push the PPS to .0003.
We're on the move now. Look out and get out of the way.
N3lson33 with the stock's share structure, lack of revenue and sales, and dismal management history I can't see anybody buying into his pumps.
He's just wasting his time. I was hoping he actually knew something the company was about to reveal.
Could you be more specific, because I don't see any at all.
If there was accumulation then you would see at least 300-400 million shares a day being traded.
What accumulation are you seeing?
What makes you say news is coming?
What's more likely is that BLDV will report zero revenue again for this quarter; unless you think that is the news.
What is surprising to me is the number of shares that have been trading the last few days in spite of there being no news or updates from the company.
Plus we are coming to the end of another quarter. It will be interesting to see if there is zero revenue again or if there will be a surprise.
With the new CFO, Christopher Myers I expect that the filings at least will be done on time, but I'm not holding my breath.
Yeah "NEWS" wouldn't that be different?
Maybe one of these days management will understand they do have an obligation to the shareholders; until that day comes however I'm afraid we will be kept in the dark.
This management treats it's shareholders like mushrooms.
I hope you're right, but I'm not holding my breath.
They have an unblemished record of disappointing their stockholders.
I agree with you. It would be nice to know what is going on with the 506(c) and if their plan is working and moving forward, but that may be too much to ask of these clowns.
Don't be surprised if they disappoint again just like all the times before.
Looks like someone snapped up all the 3's. With all the volume the last few days is there accumulation going on or is news about to break?
The stock price says it all.
Josh tried a 7 for 1 reverse split previously, but was refused by the DTCC.
My guess is that the license holder may have to lease the lab space unless they have a different office location which may be on the license, and then subcontract the work/testing to H360.
Because these clowns don't reveal much about the structure, it's anyone's guess how much potential profit will be made if any.
If the $4.2 million is after all other costs and expenses that would be a good start.
Funding for the 501(c) is anybody's guess. They still have preferred shares to use as well as some common shares that haven't been issued. Maybe the 700 million from Cann10 that still hasn't been returned will be used.
Management has a habit of keeping everything secret. They had a recent quarter with a million dollars in revenue, but still haven't revealed how the revenue was generated. For all we know they found the money lying on the sidewalk.
""IMO it seems like he's basically a front man that's giving H360 a legal foothold to operate in the state in exchange for a cut of whatever they generate. If so, then doesn't that constitute an "expense"?""
I guess it depends on who does the billing. If H360 does the billing and pays Green Orchard from the receipts then it would be an expense. I suspect that Green Orchard will do the billing because they hold the licence and then pay H360 for the testing they do through a subcontract so whatever money is received will be revenue to H360 before expenses.
We won't know until more info is released or some new plan Josh has is launched.
They are supposed to be raising $2.5 Million USD through a 506(c); does anybody know where that stands?
One thing that has not been made clear is where the $1 Million dollars came from.
Was this a single contract or several contracts?
Is this recurring revenue or just a one time shot?
Is the money a settlement from some legal proceeding?
Is the money from a royalty agreement?
Or did somebody just invest in the company?
The management has been so opaque about this revenue it is meaningless as verified by the current stock price.
Until the company puts out some real information or presents plans that can be verified in the marketplace, the stock price is going nowhere.
Singleseed sold out twice each time it took months to sell the twelve 12-six paks that were in stock (retail value approx $1200). I know it was months because I bought it through singleseed and watched it take forever to get restocked. Then it was never restocked and has been out ever since.
I only know of one 7-eleven that had it for sale. Again only a dozen bottles. Even if there were two stores that sold it, the owner had many other locations that it was supposed to be sold at. Plus Ryan said it would be sold by 7-eleven nationwide.
Nothing has happened since those few bottles were sold.
Walmart has been out of Vanexxe now for months. If they had a legitimate product you would be able to buy it now.
With the Pandemic, now is the time that the machines should be sold. Three months from now nobody will need the machines.
I surmise they have nothing really going, as their reports show little to no revenue, and now they have stopped issuing reports. I'm sure if Ryan had sold anything he would be shouting it from the rooftops as well as on facebook, twitter and every other social media outlet.
Steve
They've done this over and over again with their products, by having a supplier make a dozen or so items, pay for them with discounted stock and then they post them for sale at the websites. Once those are sold they never restock because they have no funds to make more.
It took months to sell a couple dozen bottles of water on single-seed no restocking.
It took months to sell the few Vannex roll-ons no restock for months.
They bought Gents, but never made any additional items for sale, only tried to sell what was in stock at the time of merger.
One 7 eleven store had a dozen bottles for sale. Once sold nothing more.
All big deals have fallen through; what happened to the two containers that were going to UK?
What happened to the brewery deal in UK?
How many machines have they sold? NONE.
If the next quarterly report doesn't show something of significance, look for it to go to .0001
Amazing; someone spent a whole dollar to buy 5000 shares.
If Ryan would stop lying and tell the truth that would be a good first step toward building a legitimate company.
Why hasn't he told the stockholders what happened to the two containers of water to the UK?
We haven't heard anything about the great deal to make CBD beer at the UK brewery. No info from the brewery either when I asked. I guess the deal is down the drain.
Lalpina water removed from Simpleseed site. Has been out of stock for months. Originally there were 24 bottles for sale on the site, and it took months to sell the 24 bottles.
Seven eleven had twelve bottles for sale in the California store. This was supposed to be expanded to numerous stores that this owner had. Pictures were posted of the bottles in the cooler.
If sales were truly happening the last quarter would have shown different numbers, and this quarters report would have been issued.
It's usually not a good thing when a company doesn't file their reports.
Back to .0002
Market has no faith in this management to accomplish anything.
Solidgold,
HIPH has no products or distribution contracts.
Ryan produces a few bottles of water, vannex or whatever the current flavor of the month is and pays for the production by giving the producer highly discounted stock so the manufacturer is guaranteed to make money.
Once the few items are sold on some website, (Singleseed or WalMart) they appear to be out of sock, but since Ryan has no funds or revenue he can't have more product made without issuing huge amounts of stock; so it never gets restocked.
The proof is that the quarterly reports show very little or no revenue. The big deals that Ryan promises (two containers of water to UK; CBD beer with brewer in UK etc) never materialize.
The CBD water is still his best bet, but unless some huge company like Red Bull buys the company it's likely to go nowhere.
I'm taking bets on if they file in time.
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With such glowing resumes for The Team you have to wonder why they can't file even the most basic corporate forms correctly.
Why does it take them at least three tries to get the simplest forms right?
It's almost seems like high school where they are righting a book review a half hour before it is due about a book they have not read.
Seems like more sloppy reporting to me. They must have realized at the last minute that the quarterly report was due, and threw something together. Even with a new CFO(?) they can't seem to get the information that is published out accurately. I have to wonder if anyone proof reads the material before they publish it.
Fully expect them to revise this report two or three times just like they had to with the other ones.
Watcher is right the company generates some money by dumping shares and paying for services with stock which is all they can do since they don't have any product to sell.
KAM, I saw that on page 8, but it also said that the shares were not issued yet, so it's a little confusing as to where the shares are currently.
The other question that comes to mind; if the shares are not issued yet is the merger really complete?
I thought they should have done the following:
1. Returned the shares to treasury
2. Reissue new shares to the H360 people in specific quantities showing how many shares each individual received.
All the transactions should ave been shown in the annual report.
Until the federal government clears up the legality surrounding CBD it is unlikely Coca-Cola will have any interest in American Premium Water (APW). The risks for them are just too large.
Without some company stepping in to buy APW a rebound in the sector does nothing for APW since APW doesn't have any product to sell. Remember without funds the company cannot bottle any product for sale, so there will be no big increase in revenue for APW regardless of how much the sector increases/rebounds.
With all the competition in the market HIPH will be left behind since it has nothing to sell. It will need to merge or get bought out soon if it is to have any chance of staying around.