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THE FOLLOWING IS MY OPINION AND MUST BE TAKEN THAT WAY.
Government in the state of Pennsylvania is in total shambles. From Philadelphia being a sanctuary city to not being able to get laws approved by a mostly democratic run government. This thing being brought against Harvest again in my opinion is a government ploy and will be put to bed with nothing really happening. I certainly hope that Steve White has the capable people in place to first not have done what they are being accused of and if they did I hope they have the where with all to get it resolved. I was not happy with Mr. White's comment when asked about the situation he commented " I haven't had the time to look into it". He had better as a May 6th deadline has been set. I presume Harvest not guilty until PROVEN otherwise.
ONCE AGAIN THIS IS ONLY MY OPINION
My disclaimer. Sold 2/3's of my shares and added more HRVSF. I just have a gut feeling HRVSF will be a major winner. DO NOT GO BY ME YOU MUST DO YOUR OWN DUE DILIGENCE. I am what is known as a day trader but on HRVST I just keep adding when I see a good opportunity to scoop up more.
I have no idea. My big hope is that they still remain profitable.
SPLINTER68
I bought my third chunk midday and am now over 20,000 shares. I am also a long in this stock and believe it will start to move once they create real revenues. This should occur in the next two quarters with the help of Aurora purchasing. They say Rome was not built in a day. Well Radient fits that mold. Today's late day move is enough to make one throw up because there was no reason for such a drop. Very tempted to hit the buy button at the open if it opens where it is now.
Stlogic Bought another 2900 shares today. Just could not keep my finger off the buy button
I would not worry about the article that was in the Philly Newspaper pertaining to Harvest and a misrepresentation problem. I have confidence in Steve White taking care of the issue. As one living in the state of Pennsylvania I realize how puritan this state is and expect issues in trying to get recreational MJ approved. If Pennsylvania can screw things up Pennsylvania WILL screw things up. Let's think about it. The only reason why this was printed in the newspaper was to get the reporter's name out there. Why did he not wait to see how this is going to be resolved.
By the way HRVSF finished up .05 cents today so I guess the market is not very worried.
STlogic
Did one myself With a company, helped to take it Public on the pinks financially it went under. Someone went up the river for 10 years. I never had contact with him I learned my lesson not to mess with that stuff only play the market don't get internally involved with it.
stlogic
Told my youngest granddaughter I was going to hang around for her wedding. She just turned five. She asked what if she doesn't get married would I hang around forever. I told her I would but I might not look the same.
stlogic
By the way at 500 shares at a time I will be long dead before you get close to me. HA HA great thought isn't it.
stligic
I hope for your sake you are right. I only wish for good things for those who play the market and hope for a dream. Remember this is how I started and now I only play with the markets money (more fun that way). Keep in mind that you play the market with only the money you can afford to LOSE. Never food,rent or mortgage money.
JohnCM
Revenue is now being made as they are producing for AURORA as Aurora owns 20% of Radient with the right to purchase up to 50% of the company. My gut feeling is they will come back for a larger stake if not all of Radient but keep in mind that is only my guess.
stlogic let me know when you think you are getting close to my share count. If I told you how many shares I own and my family and close friends own you would be jealous. We have it spread out for legal reasons.
RDDTF made a good move today and hope it continues. I think it is going to become a giant like HRVSF
Patience is a virtue atleast another year for Harvest and probably two for Radient
It looks as though there are a lot of dare I call them investors or I will be punished that didn't like the $500 million financial deal. How do they expect to grow the company other than paper transactions. Shame on you. This company is doing everything to make itself WORLD KNOWN and this is how you thank them. Thank God we have a leader in Steve White who has the ability to laugh off the people creating this drop.
JUST A BIT MORE DUE DILIGENCE ON HRVSF
Harvest Health and Recreation Inc. (HRVSF) (Market Cap: $694.093M; Share Price: $10.2706) said in March that it plans to buy rival cannabis company Verano Holdings LLC in an all-stock transaction for an estimated purchase price of approximately USD $850,000,000 based on a share price of CND $8.79. The combined company will be one of the largest multi-state operators ("MSO") in the U.S., as measured by licenses held and facilities permitted. Upon completion of the transaction and regulatory approval, Harvest will hold licenses that will allow it to operate up to 200 facilities in 16 states and territories across the country, including 123 retail dispensaries. Harvest Health trades on the Canadian Securities Exchange and over the counter in the U.S. and went public in November on the CSE.
Do some due Diligence on the CEO of NBEV. His history speaks for itself.
Pulled out of NBEV after seeing a lot of negative things happening in just my opinion. This kind of does not surprise me AT ALL. GLTA
ANOTHER FANTASTIC HARVEST ARTICLE OUT 4/5/19
This Cannabis Stock Takes Another Step on the Road to Becoming the Next Blockbuster
SmarterAnalyst
support@smarteranalyst.com (Ben Mahaney)
,SmarterAnalyst•April 5, 2019
Harvest Health & Recreation (HRVSF) has stated plans of becoming the largest cannabis company in the world. Investors might actually want to invest behind the company following the $850 million buyout of Verano considering the size of the U.S market relatively to the rest of the world.
Massive U.S. Market
Due to a cobbled together state-by-state approval of medical and/or recreational cannabis use, the stock market tends to forget that the U.S. market has the largest market size. This country might lack federal approval, but California alone is a larger market than the other countries, Canada and Uruguay, with both medical and recreational cannabis approved.
The U.S. market in 2018 is estimated by Arcview Market Research to account for $11.0 billion out of the $12.9 billion global cannabis market. The U.S. market is set to control over 70% of the global market long into 2022 and beyond.
The recent purchase of Verano by Harvest Health sets the stock up for one of the largest valuation in the domestic market with a market cap of around $4 billion.
The company lacks the valuation of the large Canadian players on the major U.S. exchanges, but Harvest Health doesn’t lack for market opportunity.
More Scale
The Verano deal gets Harvest Health the scale needed to stick out from the crowded cannabis crowd. The company now competes with Curaleaf (CURLF) and Cresco Labs (CRLBF) for the most valuable U.S. cannabis firms.
More importantly, Verano helps give Harvest the massive scale to attract investors and make a leap forward in their plan of becoming the largest cannabis company in the world. After the deal closes, Harvest will have licenses to operate up to 200 facilities in 16 states and territories (Puerto Rico), including 123 retail dispensaries. The company will have 70 dispensaries and 13 cultivation facilities operational by the end of 2019.
Harvest Health already lists dispensaries in Arizona, California, Florida, Maryland and Pennsylvania with stores on the way in Massachusetts, Michigan, North Dakota and Ohio. One doesn’t need a lot of research to see access to even these limited states alone top the total market opportunity in Canada.
Source: Harvest Health merger presentation
As with a lot of the cannabis deals, the company provides sparse details on the acquired business other than being cash-flow positive operations with attractive cannabis licenses. For its part, Harvest Health has limited financials as well.
Though, it doesn’t hurt to have a CCO with vast industry experience including the position of CEO of Pabst Blue Ribbon, a leading American beer company.
Takeaway
The key investor takeaway is that Harvest Health & Recreation is on its way to becoming one of the most valuable global cannabis companies. The $850 million purchase of Verano helps accelerate that path, but the real key is the focus on domestic expansion and acquisitions where the market is quickly developing into the most valuable market in the world by far.
The stock has rallied from below $6 right before the merger announcement on March 11 to over $10 now. The stock is up over 70% in the matter of a month suggesting investors might want to let the stock cool off before looking for a long-term investment. Ultimately though, investors should favor backing a large company in the largest cannabis market trading at a fraction of a Canadian stocks needing massive international expansion in order to justify their stock prices.
I expected yesterday to be a crash day for Harvest. It goes without say when a company uses their own paper to gain funding the shareholders go nuts. It is strange to see it happen today and not yesterday although it was not a major crash. I would expect it to come right back early next week after the shareholder anger subsides. DO Not respond to my post 213 if I had your email address I would explain why.
stlogic
It is a shame that there are some people on this platform that never grow up. I had to put one character using dhbuzz who has been harassing me
and I finally had to put him on ignore. I asked him not too address me as DUDE and he continued to do so. He claims to be 62 years old but he acts more like either 6 or 2. He is on the RDDTF board.
Great article on Steven White CEO of Harvest
Steve White, CEO of Harvest Health and Recreation, is Arizona grown
Ryan Randazzo 6 days ago
Why billionaires pay less tax than you
Successful US companies started by immigrants
Steve White remembers telling his parents several years ago his plan to leave a successful business law career to launch a medical marijuana company, which was —and remains — illegal under federal law.
© Provided by Gannett Co., Inc. Harvest CEO Steve White poses for a portrait on Thursday, March 21, 2019, at his office in Tempe, Ariz.
The 1995 Arizona State University graduate who swam and played basketball at Corona Del Sol High School in Tempe was in his late 30s at the time. Arizona voters had approved medical use. He sat down with his parents for a meal at Abuelo's Mexican Restaurant in Chandler to break the news.
"It landed well," White said earlier this month. "They were supportive. But I think that's partially because they thought that legal cannabis in Arizona wasn't going to go anywhere. In fact, they did say that — there is no way that Arizona will let this get off the ground. I said, 'Well, we'll see.'"
Harvest Health and Recreation Inc. did get off the ground.
On March 11, White announced the biggest legal deal ever in the U.S. cannabis industry: Harvest would spend $850 million to acquire Illinois-based cannabis company Verano Holdings.
The combined company will have more licenses to operate in more states than any other U.S. cannabis company, according to the presentation given to analysts after the announcement.
White, the founder and CEO, appeared on CNBC to talk about the blockbuster deal the day it was announced.
"What we plan on doing is developing the largest retail footprint, the largest retail platform in the United States, and with this acquisition I think we’ve done that," White told the reporters on "Fast Money."
The national television interview was a watershed moment for White, 45, who has grown Harvest into a multi-state behemoth that was bringing in more than $1 million in revenue every 10 days as of September. It has expanded since then.
Harvest is also the biggest player in the Arizona market with 16 dispensary licenses here, supplied mostly by a farm in Camp Verde, according to the company. Harvest has lucrative retail locations in big markets like California and Florida. And that's just the beginning.
If the all-stock deal with Verano closes this year as planned, Harvest will hold licenses allowing it to operate 123 retail sites in 16 states and territories, as well as production facilities to keep them stocked.
Want more news like this? Subscribe to azcentral.com.
White met with The Arizona Republic recently to talk about how he got started in the cannabis business and growth in the industry.
He's also working on a ballot measure to legalize the drug beyond medical use in Arizona. And he discussed the opposition that effort will see from anti-marijuana stalwarts like Yavapai County Attorney Sheila Polk.
"Everybody realizes the parade of horribles that Sheila and other people like her promised us would happen," he said of medical marijuana. "None of them happened."
Taking a big risk
White majored in political science at ASU and went on to law school at Washington and Lee University in Virginia.
His law firm, White Berberian, PLC, was asked to take on clients who wanted to open a dispensary under Arizona's Medical Marijuana Act, which passed by a razor-thin majority of voters in 2010. Instead, White stopped taking clients and launched the cannabis business with friends.
© Sean Logan/The Republic Harvest CEO Steve White talks during an interview on Thursday, March 21, 2019, at his office in Tempe, Ariz.
"It was very risky," he said. "Everybody saw the potential. That's never been an issue with legal cannabis. The issue was the associated risk. Did the potential outweigh the risk?"
In 2012, then-Arizona Attorney General Tom Horne asked a state court to declare dispensaries illegal and prevent them from opening. That didn't happen.
Arizona today has 116 operating dispensaries, and most were awarded their state licenses in either 2012 or the follow-up drawing for licenses in 2016.
"Our goal at the onset of this was to win a license in Arizona," White said. "Then we ended up winning two in that initial allocation."
Harvest won licenses in south Tempe and Springerville, a town of about 2,000 near the New Mexico border. The company opened a south Tempe location in 2013 and after three years without opening in Springerville, moved the other license to Scottsdale, where Harvest made a splash with a $1 million store that the company billed as the largest retailer in the state at the time.
Harvest has continued to grow and become profitable since then. When the company went public in November, it had to file financial documents with the Canadian Securities Exchange. They showed Harvest had about $3.6 million in profit during first nine months of 2018. It is now trading under the ticker symbol HARV.
The booming growth of Harvest helped White's parents get over their initial doubts about the industry.
"They're shareholders," he said.
100-hour weeks: 'Work now, life later'
Sitting in his second-story office along Tempe Town Lake, White presents a solemn demeanor and chooses his words carefully. But he also answers nearly every question directly.
Besides a few fake houseplants, the Harvest office-park headquarters and its workers' cubicles are almost devoid of decoration, and give no indication that the company deals in cannabis.
Boxes are piled against the walls and filled with office supplies, making it appear employees moved in overnight. They've been in the building since January.
White describes his personal life like this: "I work a lot."
© Sean Logan/The Republic Harvest CEO Steve White poses for a portrait on Thursday, March 21, 2019, at his office in Tempe, Ariz.
He says his regular 90- to 100-hour workweeks leave little time for any hobbies.
He belongs to a cross-fit gym in Chandler, but doesn't get there as much as he'd like these days.
"My attendance there has gone from pretty good to terrible," he said.
Besides being a high school athlete, a search of Arizona Republic archives found White listed in the "Holes in One" feature in 2000, indicating he hit an ace at the Ken McDonald course in Tempe. His publicist confirmed the 161-yard shot, but added that the ball took a fortunate bounce.
White has a golf putting cup in his small office, and almost no other decor.
He said he's not worried about maintaining a so-called work-life balance.
"There's a saying that the way you achieve a work-life balance is you work now and you'll life later," he said.
White has done several media interviews over the years as he built his cannabis empire. On occasion, he has said that helping patients access cannabis is a fulfilling part of his job, especially because he knows about chronic pain from three back surgeries he has had starting at age 13.
The surgeries were needed to treat a congenital condition called a hemivertebrae, he said.
"The doctor said, 'You're tall enough. This surgery is going to stunt your growth,'" White said.
He had another surgery about six years later and another in his early 30s to treat the condition.
But while the surgeries made him all too familiar with pain, and while he runs a major cannabis company, White demurred recently when asked by a marijuana trade publication about his favorite cannabis product.
"I have to plead the fifth," he told AZMarijuana.com.
'Size is going to matter'
There's a reason White and the Harvest team are workaholics. They see themselves in a race against the clock.
The game plan for Harvest and other fast-growing cannabis companies in the U.S. goes something like this: Grow fast now, while the drug remains illegal at the federal level and big corporations are on the sidelines.
Eventually, when either enough states legalize medical and/or recreational use, or the federal prohibition is lifted, the big corporations will jump in. The multinational companies will be forced to buy their way into the market by acquiring the biggest and best cannabis companies that got in early, like Harvest.
Like many in the industry, White barely acknowledges the possibility that legalization efforts won't see continued success across the country.
While most people focus on the number of states that have authorized medical and recreational cannabis, White and his peers look at the reverse. They see opportunity in the 17 states yet to allow medical use and the 40 where recreational or "adult-use" still is prohibited.
Is it inevitable that Harvest will one day sell to a large corporation?
"I think that's the most likely scenario," White said, though if the federal prohibition lasts long enough, he says it's possible his company grows so large that it could actually compete with the multinationals.
"Either way, size is going to matter," White said. "No matter the outcome, it is important to be large."
Who might eventually get into the U.S. cannabis business is a source of continuous speculation in the business press. The companies behind Corona beer, Marlboro cigarettes, Circle K gas stations, in addition to pharmaceutical companies, all are reported to be looking at the industry if not directly investing in the legalized Canadian market.
"I think a lot of people from all of those various industries are going to, at some point, make an effort to own assets in U.S. cannabis," White said.
So what's the strangest call White has received from an interested corporation? He chuckles.
"Oh, that I can't tell you!" White laughs. "There have been surprising calls. Great calls. Shocking, even."
Harvest's rapid growth
Harvest isn't the only company with plans to be the biggest, best acquisition target for a buyout.
MedMen Enterprises of Los Angeles, which boasts of 1,000 employees and operations in multiple states, including Arizona, announced a $682 million merger in October with Chicago-based PharmaCann.
Curaleaf Holdings Inc. of Massachusetts also operates in multiple states, including Arizona, and boasted in a February investor presentation of having the largest retail footprint in the U.S. A publicist says the company should have 71 operating stores before 2020.
Harvest's deal with Verano will allow it to leapfrog Curaleaf in that regard, though more acquisitions are likely in the works for all competitors, which could keep the leaderboard for the largest companies in flux.
White quotes a former high-school basketball coach regarding the work ethic to stay ahead of the competition.
© Sean Logan/The Republic Harvest CEO Steve White poses for a portrait on Thursday, March 21, 2019, at his office in Tempe, Ariz.
"When you are not practicing, somebody out there is, and when you meet, he will win," White says. "That does apply directly to cannabis. The opportunities arise so quickly and if you are not engaged, you can easily miss them."
So Harvest stays busy.
In November, the same month the company went public, it acquired a Colorado-based company that specializes in manufacturing cannabis products.
Harvest has been on a tear since then.
Dec. 10, announced a new real-estate investment deal that can fund $100 million in property deals.
Dec. 19, announced it has won more licenses, 21, than any other company in Pennsylvania, a medical-only market like Arizona.
Dec. 21, won one of two coveted licenses issued to operate medical dispensaries in Santa Monica, Calif. Recreational use is allowed in that state but cities have discretion over dispensaries.
Jan. 14, won provisional processing license in Ohio, where it has three licenses for medical marijuana.
Feb. 12, acquired six additional Arizona licenses, giving it 16 total, though not all are open.
Feb. 12, opened its first Florida dispensary after acquiring San Felasco Nurseries Inc. for $66 million and the potential to open 30 medical dispensaries.
Feb. 14, announced a deal to acquire California-based Falcon International Corp. and its 16 licenses.
March 11, announced the $850 million all-stock deal to acquire Verano.
Another Arizona ballot measure
White has been helping write a initiative that Arizona cannabis dispensary owners hope to place on the 2020 ballot that will further legalize the drug in the state.
A similar effort narrowly failed in 2016.
White said the dispensaries are taking their time to get the measure right and address some of the primary concerns of opponents, "knowing there are certain people in Arizona who are going to be ideologically opposed to adult-use cannabis no matter how it is done," he said.
And he's right.
Yavapai County Attorney Sheila Polk, the state's leading opponent of marijuana decriminalization, said during a recent interview with The Arizona Republic that she does intend for her group, Arizonans for Responsible Drug Policy, to fight and ultimately defeat any ballot measure that increases access to cannabis.
"If voters understand marijuana is harmful, that its costs far outweigh the revenue, then they will vote it down," Polk said.
She said the harms of marijuana are frequently downplayed in the mainstream media, which is harmful to voters.
"If we were to get rid of drugs, we could almost get rid of crime, in my opinion," Polk said.
She acknowledged, though, that her side of the ballot measure will have to raise substantial funds to fight the increasingly deep pockets of the marijuana industry.
"We have no money," Polk said, "but that doesn't mean we are giving up."
Her group raised and spent more than $6 million to defeat a recreational marijuana ballot measure in 2016, and she expects the same groups that gave her money then will return.
"I would hope the folks who were opposed in 2016 would be as committed to keep Arizona a healthy state," she said.
Polk criticized businesses that "make millions of dollars off a product that is addictive and harmful."
Polk spoke the day after the Harvest merger was announced, but did not reference the company or White. She did say that it's possible to reduce criminal penalties for the drug without authorizing multi-million dollar businesses.
"You can decriminalize marijuana without taking the steps that the industry wants you to take," Polk said, adding that while she doesn't support it, it is preferable to "commercial marijuana."
MORE: Majority of Arizonans support legalizing marijuana, poll finds
White said he previously held opinions similar to Polk regarding drugs. He's never met Polk, and sees little use in reaching out.
"I always say there are certain people we can't change what they think," he said. "When facts can't change somebody's opinion, it's probably a good idea to stop supplying them with facts."
So which state has the best model for Arizona to follow for an adult-use ballot measure?
"I don't know yet," White said, adding that Arizona's medical program was well designed.
He said the perception from voters of the Colorado model is that it's too liberal because of the number of retail stores in that state.
"I think the opposition ... did a very good job of convincing people that is a bad thing," he said. "Arizona will be a little more controlled from the onset."
Sealing the $850 million megadeal
The blockbuster deal with Verano is expected to close later this year, pending approval from shareholders and review by the Canadian Securities Exchange.
The deal is funded entirely by stock, with Harvest offering to issue shares of its company for all of the privately held shares of Verano. The companies agreed to a $20 million fee if one of them fails to uphold their end and the deal falls through.
White will remain CEO of the company. But he said Harvest intends to keep all of Verano's employees, including the top executives, because the company needs them to keep up its expansion, and because they are as ambitious as Harvest's team.
© Sean Logan/The Republic Harvest CEO Steve White poses for a portrait on Thursday, March 21, 2019, at his office in Tempe, Ariz.
Like Harvest, Verano is a multi-state cannabis company that has been successful at winning state-issued licenses to run dispensaries, as well as the farms and processing facilities to make a variety of cannabis products.
Verano has 37 retail licenses in 10 states and Puerto Rico, including an ownership interest in nine Zen Leaf branded dispensaries.
The Verano founders applied for their first license in Chicago in 2014 but launched a privately financed holding company just last year, subsequently raising $120 million in October to fund its expansions.
Greg Miller, the executive director of the National Institute of Cannabis Investors in Baltimore, said mergers like the Harvest-Verano deal are based on the revenue the companies are expected to see in the future.
His organization uses a variety of models to estimate such values, including a database of the average price to acquire a license in different states, the prevalence of illicit use in such states, and the political likelihood of increasing access to the drug.
"You add those up as best you can," Miller said. "If you get a license in Utah, that's not worth as much."
He said if anything, Verano may have sold itself a little cheap, a common strategy to help the ongoing company.
"In a stock-for-stock merger, everyone who just sold Verano has a powerful incentive for Harvest stock to go up," he said.
If that was the strategy, it worked. Harvest stock closed at $8.59 a share in Canadian currency the Friday before the announcement, and has been higher than $12 a share this week.
White said the companies are a good fit.
"We have to make sure the people we are acquiring have a certain mindset," he said. "You have to have people who are competitive, who are self-starters, who are hard workers, and who are willing to work in an area that isn't quite as structured yet as normal corporate America."
George Archos, Verano's co-founder and CEO, runs a chain of restaurants called Wildberry Cafe and the Westwood Tavern, known for beer taps on the tables. White said he visited one of the restaurants to get a feel for Verano's business sensibilities.
"I realized these were guys who, they are taking advantage of opportunities," White said. "These are guys who don't care much about status. Only industry insiders had really heard of them. They didn't care."
Importantly, they also are profitable, like Harvest, he said.
"This one is going to be easy," White said. "These guys want to win. And they define winning the same way we do. Build a business. Not a stock. Not a hype machine. But a business that is good for the core fundamentals."
Reach reporter Ryan Randazzo at ryan.randazzo@arizonarepublic.com or 602-444-4331. Follow him on Twitter @UtilityReporter.
Subscribe to azcentral.com today.
This article originally appeared on Arizona Republic: Steve White, CEO of Harvest Health and Recreation, is Arizona grown
stlogic do some due diligence on RDDTF radient Tech They are 20% owned by Aurora and Aurora has the option to purchase up to 50% of them. They are another needle in the haystack in my opinion. Read up on what they are involved in. Harvest and Radient are my two main players. I expect Radient to blossom in the next 90 to 120 days. But then who am I. HEE HEE!!!!
stlogic GREAT NEWS FOR ME. I thought I might have to go out looking for a job at 74. Look at the share price they are talking about 15 and 18 dollars. I would be very happy with an $18 share price but would not sell. I am still looking for $25/share. A halt like we had did make my heart sputter.
I don't think the closing of Falcon would be enough to put a HALT on the stock. It better be good I have to much at stake.
I would think it would be positive or they would not have put out the release on NAPA Med this morning.
stlogic Nothing out there on the hot line other than the release this morning about Napa medical opening saturday. There are no market makers posted currently which could mean a halt but I don't think so. Could be a malfunction at the OTC
Do some due diligence on RADIENT TECH then watch the storm as it begins to roll in./b]
THE QUIET BEFORE THE STORM
I"m in for 5000 shares. If it starts to move upward I will go in for another 5000.
I have no problem with MEDICAL MJ. I do think we should look closely at each states numbers after each has gone 12 months on recreational MJ then at least if there are no radical behavior numbers the Fed's really have no case. FAIR IS FAIR
I will also pick up a token position in RDDTF Monday morning. I will pick up more if ACB takes a stronger position in RDDTF..
I just want to make it clear it was not anyone I know who sold out 25,000 shares under the bid at 4:01:38 seconds yesterday. It must have been an urgent need for cash.
stLogic
I have a small position in "Q" I will hold till late December and if nothing exciting begins to happen by then I will probably dump it.I have a lot of people I know joining in on Harvest. I have warned them to keep a solid eye on this stock to protect themselves.
stlogic u
Understood having a little fun is healthy.
stlogic I don't belittle anyone for the number of shares they own in a company. Your $4250 I am sure is a lot of money to you. I do not know your age, or financial status nor do I want to. Every one who buys and sells stock has one desire and that is to come out with a profit. I have a lot more years doing this and am fortunate to have studied the market as I posted previously. I was able to achieve a series 6 and 66 license plus studied for a series 7 (brokers license) and gained a lot of legal stuff pertaining to the US financial markets. 100's of hours doing Due Diligence on many companies. It has become a hobby for me as I have been retired now for 19 years. The first trade I every made way back was with $750 and at that time if I would have lost that money I would have caught all kinds of hell from my wife. I have been in the market for over 50 years. I have done very well here but keep in mind I have spent long hours and days researching each and every investment as if it was my first. This is not for everyone and as I said up a few lines this has become a hobby for me. I do not give advise to anyone other than family members (my kids). Never be afraid to take a chance as long as you have done your homework. My closing remarks are I for the last 10 plus years have been playing with nothing but the markets money. But even so I bitch and complain when I pick a loser and there have been a number of them over the years. That is okay as long as you learn something from the mistake you made. For me fortunately I have well covered all my losses.
Nice buy by someone of 10,000 shares at 3:59:03
Dbrown13 I hear you the market makers call a lot of the shots. Most of the 100 share share trades are theirs and usually a signal to the others. They do this and take control when the trend of trades are to the upward side or downward. They will throw out 10 trades to the downward tick but if we throw in 7 upward trades it will stop their momentum. Also keep in mind the SEC believe it or not keeps tabs on these people and know which market makers are pron to this type of stuff. That is not to say the SEC polices this type of action. Usually when they are called on the carpet they will take on a market maker and use him or her as an example. The SEC is not our friend and never has been. I should not complain as I have made a great deal of money in the market playing by the rules. I helped a company go public on the pink sheets and also helped to take them down when they started going corrupt. There is one rule I go by and that is NEVER MARRY A STOCK. When you think it is time to leave a stock LEAVE THAT STOCK. I have been a holder of harvest since late 2012 when things weren't so pretty. I am a firm believer in Steve White and what has been accomplished but believe me if I catch wind of him doing what I believe is not on the up and up I will be gone. He has done wonders with this company but keeping it profitable will be a challenge and I just sit back waiting to see how he maneuvers through the alligators should be fun to watch. I can,t lose here which makes it a lot of fun.
As a long time holder and holder of a large number of shares I am going to do a little bitching. I am getting a little sick and tired of day traders taking down the share price in the last 30 to 45 minutes each day. By doing so they are hurting the true long shareholders and really themselves. It's like going to the casino and you make a small killing but you are greedy and instead of cashing in you keep going and guess what you lose. This is true if you ask ten day traders they will mostly tell you day trading is a tough business. With the stock options given to the higher ups at over $10/share you know the share price will continue upward if there is no pressure from you day traders. Why not hold out a while and set a downward limit and if it is reached then I don't blame you for selling out. This company has fantastic potential and you folks are killing it. THINK ABOUT IT BE SINCERE or don't screw around with this company. This is really one company that I feel has the shareholders interest on their minds of course as well as their own. HELP US DON'T HURT THE CAUSE.
I am done now I probably will get pounded on for this but as a long time buyer and seller of stocks OVER 50 years I have learned a lot. In my younger days I had a series 6 & 66 license and studied for a series 7 license finally never taking the exam because I could not see myself as a broker extracting funds from people who could ill afford to lose their hard earned dollars. The good thing though is I learned a lot about the laws of the market place and a number of things people wish they knew about getting screwed in this racket.
STlogic
Damn when they have news it is a blockbuster. What a ride this stock gives us.
STlogic
I bought some of this today looks good but poor volume. Will see if I can get some of my group interested. Will be hard as they laugh at penny stocks. Wouldn't mind if they did a RS and jumped it to a couple of bucks for a bit more respect. HRVSF is killing me! OYE VEY
STlogic what do you see as the cause for the major drop in Harvest. I saw in the 10K where they will most likely have a need to raise more funding in the near future but any small corp has to do this to increase the forward going cause unless they sell out part or all of their business, Other than that there does not seem to be any negatives unless they leaked something that we shareholders were not able to pick up. I am still very long and if it drops much more I will have to think about buying more although it would cause me to average up my share price a bit. My finger is on the button but I am not pushing it as long as the trend continues to drop the price.