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What's really sad on top of not being able to file a report correctly, this latest report is so basic and uncomplicated you have to wonder why it took so long to file.
There's nothing in this latest report that couldn't be done in less than a hour. Why couldn't they have just filed it on time? Then at least they could say they did something when they were supposed to.
Wonder if we'll see another $20 paint job at the end of the day to bring the price back to .0005.
"Why You ask?"
Because the insiders and the money lenders have stock that was given to them or stock that is collateral for the money lent at a cost of .001 and .0001 per share. Even selling their shares at .01 they are making 10X to 100X their investment. If I were them I would be selling as well.
Read the quarterly report. It's all in there.
As of May 2019 the financials showed very little cash, which they probably need for their ongoing operations. This loan, as stated, is specifically to finish the build-out.
There are some people on this board that say they get replies almost immediately, so I thought I'd try just to see what would happen.
This is the third time I have emailed the company. Twice to Josh and this time to Todd. The replies have been the same. I guess I just don't have the right questions.
Another day, another price drop. Now .0081/share
"Excellent finish today guys!!"
A $23 sale at the end of the day is not an excellent finish. It's just a paint job without any DD.
Lets see the quarterly report, contracts, and merger news.
I sent Todd an email last week asking for updates about where things stand; his reply has been silence.
"dixon is paying $2 million in stock---our stock-- to get a 2 year $6 million loan"
Not exactly. The 15% portion is in warrants so IVITF would receive $900,000 for the shares. The number of shares that can be purchased will depend on the price at the time the warrant is exercised. At .33/share they would be able to buy 2,727,273 shares; at .25/share they could purchase 3,600,000 shares.
"The Hemp Colonel is a great communicator"
He's especially good at communicating nothing.
They get 1 million shares only if the deal doesn't go through by Sept 12th. What it does include is 17% of the loan ($6000000 x.17=$1,020,000) at .33 per share or current share price at closing whichever is lower. That's 3,090,909 shares at .33/share or 3,923,077 shares at .26/share. They also get 15% of the loan in warrants with the same pricing condition exercisable for 24 months after closing.
"And company continuing to do things right"
If the company is doing things right, why does the PPS keep dropping?
Why have the outstanding shares exploded?
Why is there no revenue?
Something doesn't add up.
Over 16 million traded today.
PPS down
No merger news
No financials
No Quarterly report
No Deals/Contracts
All we get from the company is silence.
I think people are beginning to realize this may be over and the company is toast.
"OR.. could be Josh doesn't have the authority to make this or any deal."
If Josh were just a front man, I don't think whoever is fronting him would give him the super voting share that he has/had. My experience is that people usually think what they have is worth a lot more than it actually is. It wouldn't surprise me if Josh reneged on the deal at the last minute by trying to get more that what was agreed to.
I'm still bewildered as to why H360/Todd even has an interest in BLDV unless Todd is looking for a way to go public quickly.
" Apparently it's a bit more complicated that they realized."
Or Josh is being unreasonable in what he is asking for in the deal. What doesn't make sense is that they have publicly said the terms of the deal are in agreement with all parties, and yet they can't seem to close the deal. Weeks just roll on without any resolution. Over a month ago Josh was on his way to review the terms and the deal was going to close the following week.
Here we are another quarter has ended and we get the same old story; No merger, no conference calls, no revenues, no deals, no filings. Yield sign will soon be STOP sign.
Under a penny.
Down it goes; trips on the way.
Isn't it about time for the monthly conference call that Todd promised?
Past performance under Josh has been abysmal; but as I said there has to be a reason why Todd wants to take over BLDV. Remember he was instrumental in putting together the filing for the Virginia project and the PR's have alluded to other contracts being in the works. If Todd can finalize these contracts, especially the Virginia contract with the coal brothers, that should bring revenue into the company.
But even if the company has revenue, there's nothing to say the stockholders will benefit under the proposed new share structure.
You are correct; but once the revenue is in BLDV under the new share structure, any profits could be split between the three super share holders in the form of bonuses.
Remember the common share holder no longer has any voting rights or say in what the company does or how it disperses any profits.
Right; if they are able to sell something and have the revenue flow into BLDV, then that revenue can be divided among themselves since the stockholder no longer has any say in the company under the new stock arrangement.
They are becoming a real joke. All the talk about uplisting and they can't even file the simplest forms for the OTC market. Is it any wonder they can't get anyone to do business with them?
Yield sign still up. Quarterly filing late again. Stop sign here we come.
But I don't think they care about yield or stop signs. Under the new stock structure they can run this as their own private little company accountable to only themselves and the hell with the stockholders, so there is no reason to do any filings.
What I thought was that they may still have a deal with the Virginia project and the coal brothers in the works with the Cann10 technology/products; if Josh put the coal brothers together with Cann10 Josh wouldn't want to be left out in the cold so he was included in the new arrangement.
Under this arrangement if BLDV supplies the Cann10 technology/products, BLDV makes the revenue which can then be split between Josh and Todd and they get the rewards on a proportional basis. Whatever Todd does with Calvary he could still do without sharing the profits with Josh since Josh has nothing to do with Calvary.
In any event for BLDV to succeed I still believe that they need someone with deep pockets (i.e. the coal brothers) to put them on the map. As a company with no revenue, no assets, and no track record companies are not likely to enter into contracts with them as the risk is just too high. Quality Green did that and Josh just took their money and spent it. Now the company owes QG the money. Josh should be grateful QG didn't have him arrested and thrown in jail.
I thought of both options you mentioned, but I don't think that's what he has in mind. My feeling is there is some other reason he wants to get control of BLDV, and under the proposed share structure the common share holder no longer has any voting rights giving him and Josh complete control.
They may not even be interested in issuing quarterly reports anymore. What difference would it make?
Even if the things you list materialize, how does this help the stockholders or the stock price?
Under the new share structure, assuming it ever goes through or filed, the common stockholder has no say and nothing to look forward to. The three super shareholders can split the revenue and profits assuming there is any among themselves and there's nothing anyone can do about it. As a matter of fact, now that they have missed the filing date it wouldn't surprise me that they stop filing altogether. Why would they care? They can run the company as their own private little enterprise accountable to know-one without any fear of being questioned or forced to do something they don't want.
I go back to my previous question, why would Todd be interested in taking over BLDV? What does he or H360 get out of the deal besides complete control of a public company?
Another day another 5% drop in PPS.
Sub-penny here we come.
I wonder what excuses Ryan will come up with Friday as to why the stock keeps dropping.
Financials are due Thursday, if there is no revenue which is what I suspect, the PPS will continue down. If he doesn't file then there will be a Yield sign put on the ticker and the PPS will continue drifting down.
Ryan has used the naked short excuse; what does he come up with now?
It will be interesting.
I read the Pr's. There's nothing there but BS.
And the drip continues. Sub penny here we come.
What BIG THINGS ARE HAPPENING HERE? Can you give an example?
I agree that they are still working together, but what is the bigger picture?
Todd promised monthly calls; when are they going to start? If they're not going to have them they should say so. Instead they put out BS PR's that say nothing.
Stockholders have been patient, but the patience has to be wearing thin as promise after promise is broken.
What makes it really disheartening is that there is no product that can be monetized anymore. The AMS deal failed; the QG deal failed; and the Cann10 deal is gone. What do they have they that can make any significant revenue from?
Drip, Drip, Drip and down it goes.
The resume sounds good, but how much revenue will this bring into BLDV? I've hired people with great resumes only to see them do nothing. So far he has not shown any results, and the quarterly reports reflect those results.
Next quarterly report is due next week, if there isn't anything significant in that report or something concrete for the final quarter to look forward to then I don't see this stock going anywhere.
I'm still mystified as to why Todd would want to buy BLDV. When Cann10 was part of the deal I could see why he would want to merge the companies, but they are gone now so where is the upside for H360 and this merger?
I hope the hemp colonel knows someone with deep pockets, because that's the only way this ticker can survive; otherwise it is heading for the crapper.
Based on their past performance it wouldn't surprise me if they didn't file. Of course that would trigger a stop sign instead of the yield sign that they have not addressed.
Wed August 7, 2019 7:30 AM|GlobeNewswire|About: HIPH
PLAYA VISTA, CA, Aug. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Premium Water Corporation (HIPH-OLD) (OTC: HIPH) (“the Company”) announces that it is reaffirming its $1 million revenue guidance for fiscal year 2019. The projection is based on existing orders and future orders in the Company’s pipeline from its LALPINA CBD water, partnerships and co-branded product leveraging the Company’s proprietary Hydro-Nano technology, expanded distribution of Vanexxe, and other initiatives in the pipeline; a more comprehensive breakdown:
Meaningless guidance, there is no basis for this prediction. How much are the existing orders worth? What is the value of the future orders? Ryan could have easily said that there would be $10 million in revenue and been just as valid.
Two-Container Order: the Company received a two-container order from a distributor in the UK. The Company has begun delivery of order
How much is the order worth?
If the two containers are two sixpaks then the value is less than $75.00
US Distributors: the Company is in discussions with distributors in New York, New Jersey, Pennsylvania, Florida, California, Missouri, Nevada, Arizona and Oklahoma.
Again no particulars or specifics. Plus who is going to make the product. The company has no cash to pay for the bottler to make product, and I’m sure they won’t make product on credit.
International Distribution: The Company is engaged in discussion with distributors in Mexico, Columbia, Australia, and Thailand
More vague PR BS.
CBD Pet Water: The Company’s joint venture with LinkRes Pets is slated to launch for sale this August
This product doesn’t make sense. Why would someone buy CBD water for their pet? So much of the water will be wasted when they drink. There are much more effective ways to administer CBD for your pets without wasting so much of it.
Hanlons Brewery: the Company is finalizing testing with Hanlons Brewery and is looking to roll-out the CBD infused beer by the start of the 4th quarter
Very small brewery. The amount of royalty that will be generated does not appear to be very significant.
THC Formulation: the Company is looking to launch its THC version of its proprietary Hydro Nano formulation by the end of this year in California
More vague promises. No real plan or structure in place.
Vanexxe: the Company is in discussions with several big box retailers for retail and e-commerce distribution.
This may generate income, but it is probably on a royalty basis so the amount that HIPH will receive may be small. Again there is no specifics given about the deal or how the company will profit.
Partnerships and JVs: the Company has been engaged working with other partners on marketing, branding, and distribution in the CBD and non-CBD sectors.
What partners, what brands, how about giving some real information.
American Premium Water Corporation CEO, Ryan Fishoff, commented: “The Company is confident that it will achieve its $1million revenue guidance for the year. Our goal is to surpass this number and I believe we are on track to accomplish this. Despite the volatility in the market, nothing has changed; the Company remains committed to executing its business plan and achieving short and long term benchmarks. We have begun the two year audit with Weinberg & Co. and are working towards becoming fully reporting by the end of the year. There is a lot in the pipeline; management is working feverishly to get all these initiatives off the ground as investments that the Company has made in acquisitions, intellectual capital, and products are beginning to pay off. Aside from everything that’s been discussed in the public domain, there are other partnership and acquisition discussions that are currently underway. It’s a very exciting time for the Company; as progress is made, I look forward to updating shareholders on developments as soon as I’m able to.”
This is just a bunch of more fluff.
LALPINA CBD water can now be purchased online by visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/
As of today singleseed has 7 sixpaks in stock, a few weeks ago they had 12 in stock. That means they sold 5 sixpaks over the last few weeks about $200.00 worth. Hardly setting the world on fire.
The Company was recently given a short-term price target of $0.05-$0.06 by Ludlow Research. To read the full report, risks, and disclosures, click here
Another meaningless prediction without any basis.
So how does the merger help the common stockholder? Under the new share structure all voting rights have been stripped away from the stockholder; in essence giving complete control to the three super voting shares.
The way I see it the, three super voting shareholder now control the company and can do whatever they want; including splitting any profits between themselves. Under this new share structure, the common share holder has nothing to look forward to.
1. UK sales team has not produced any sales otherwise I'm sure Ryan would have put out a tweet giving particulars.
2. Two-container order is meaningless as it does not say how large the order is for. It could be two six paks of water with a retail value of less than $70.00 for all we know. If Ryan had posted that the two-containers were 40' containers with 50,000 bottles of water in each and a total retail value of over $600,000 then that would mean something, but that's not what he posted.
3. Hanlons is a small brewery, so their overall volume is small to start with. They only plan to make one of their beers infused with CBD making that a small part of their small operation. HIPH will probably only be getting a royalty since they are licencing the technology. This means HIPH will receive a small percentage of that small run of product. It doesn't look like a significant amount of revenue in any case.
4. Company guidance is meaningless. There is no history or sales projection to base this on. Ryan could have easily given $10 million or $20 million in guidance and it would have been just as valid.
Hopefully when financials are released they will show something positive, but from what has transpired this last year I'm not optimistic. I fully expect to see very little sales and revenue since Ryan has not entered into any deals that show any significant revenue possibilities.
Yield sign still up. If Josh and company fail to issue the quarterly report soon; STOP sign is around the corner.
Pieces are in place for what? HIPH doesn't sell any products in any significant volume, and the companies that it has teamed up with don't sell anything either.
The question is why hasn't Ryan given any information about any sales numbers associated with the deals he tweets about? Maybe its because those numbers are very small or non existent.
It will be interesting to see what is in the report, but I am NOT optimistic that it will show any significant revenue. If any significant sales or contracts were finalized and executed I'm sure Ryan would have posted the particulars, since he posts every party he attends or possible company he is planning to team up with.
So far all the deals he has made don't appear to have any revenue making capability, so don't be surprised if the report shows no sales.
Drip, Drip, Drip down it goes.
Without sales and revenue this ticker will continue to drift down.
How does the merger do anything for the common stockholders?
No; If the agreement was signed Friday the notice should be sent out Friday. To me it is a significant event and the stockholders are owed this information as soon as possible. It could be in the from of a tweet or notice on their website to be followed by something more official, but as usual Josh doesn't seem to care about keeping the stockholders informed or keeping his word.