typically like to find em BEFORE they run
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Curious to see what others on the board think of the 8K, seems to pave the way for billions of dollars to come in except not yet disclosing the source
8K out today!!!!!! Very interesting!!!!!!! Seems to set forth terms for billions of dollars in funding, although not yet identifying the lender/funding source. My guess is they are close though or they wouldn't have done this agreement. Very encouraging 8K..
Some little bites at .0014 today! Most action in months haha
.06 finally, how long till the next 700k ask block lol....
To me .07+ is where it would get more exciting as that seemed to be last year's breakout level
Every couple ticks in price there's another 700k+ ask, sure makes for a slow climb
Are you saying the company is shorting its own stock? That wouldn't make sense, why try to spin derivative liability value changes as income if they want the stock to go down.. they pretend it's real income in their PRs to try to draw in more buyers for their stock to help the stock go up, and also to bring in more buyers to absorb dilution...
Excellent.. I have no idea if it's going up or down from here, could be a huge runner sometime, I just really despise that any company would PR that their derivative liabilities value changes are real income. That is just messed up in my opinion. Every SEC reporting company that has derivative liabilities reports them in their filings, but it is a whole other story to tout them in a PR as being real income. And it seemed to be believed on this board as being real income. Just wanting to clarify it so people don't buy the stock solely on the company misrepresenting the derivative liability change as income. That aside, it may still be a future runner sometime.
Ok, I agree the facts are in the filings. I've compiled information below from the Q ended in March. This is where the stock fell the most, resulting in the largest "income" from the derivative liabilities value changing due to the falling stock price. This is also why in the quarter ended in June, and the August PR, the company touts the six month period
Because that way they can capture the huge change in derivative liabilities, since the stock didn't fall as much between March and June, there's not as much to report in the previous 3 months, versus the previous 6 months.
The true "cash" number is the loss from operations of $664,088. Then comes the "other" income showing millions of dollars from a change on paper of the derivative liability value, which is not cash, just a function of the stock price. Stock price plummeted, showing a gain on fair value of derivatives.
Rental Revenue $ 383,298
Rental Expense (269,087)
Gross Profit 114,211
Operating expenses:
General and administrative expenses 644,773
Selling Expense 6,269
Depreciation Expense 127,257
Loss from Operations (664,088 )
Other Income (Expense)
Licensing Revenue 13,500
Other Income (Expense) 2,691
Interest Expense (710,474 )
Impairment Loss -
Extinguishment of Debt 42,167
Change in Derivative Liabilities 3,057,254
Change in Value of Warrants 119,596
Total Other Income (Loss) 2,524,734
Provision for taxes
NET INCOME (LOSS) $ 1,860,646
Income (loss) per share
Basic $ 0.01
I'm only trying to educate folks on this so as not to be misled by companies claiming this is "real" income.
My question is, who is lying other than DPWW itself, operating at a cash loss while PRing income due to non cash changes in derivative liability value?
I hope not, I would think they would still file a 10Q and detail their failure rather than just go dark. In 2015 or 2016 when they went dark there was way more clues - dilution to no bid, AS raises, etc. It's so thin now that anyone here for 3+ years like myself would prefer to hold than try to sell when there's no bid support
Good, neither do I, I just don't think a company should get away with blatantly lying about earnings...
ICL'D did the same thing, reporting changes in derivative liabilities as huge earnings and ran to .15 by fooling everyone.. now it's around .004.. it is absurd that any company would PR changes in their derivative liabilities as income!!
DPWW the earnings are fake. As in not actual money or earnings. They are calling the change in fair value of derivative liabilities as being "income" which is ridiculously misleading, it's fooling investors.
Stock price went down due to dilution, and the lower stock price during the six month period caused the derivative liabilities, which are a function of the stock price, to also go down. They then reported this reduction in derivative liabilities as "income" which is completely false.
Look at their revenues first, couple hundred thousand a quarter that's nice but then expenses are higher than revenues, yet people believe there's millions in income?? Shouldn't everyone have noticed that real cash income is based on what's left after revenues and expenses? Not by counting derivative liabilities which change all the time whenever the stock price changes, and is just a number on paper, not actual money.
Looking harder to get the cheap shares here, but I wonder if there will be another big sell off like in the spring?
I still think that form 4 recently was for a reason.. why move any shares around unless something is going on
Crazy, crazy volume today!! While I did add some .22s my average is still terrible around .40 but maybe it will get back up there!
I like this statement from the last Q:
Let's see some more greeeeennnn!!!!!
I've been continuing to hit the ask at these cheap levels occasionally.. I wonder who had the big buy the other day at .009 though?? Think a few hundred thousand shares had gone through and then about 400k sat on the bid the rest of the day. All I know is it wasn't me that day haha
How'd you do? I sold a whopping 50k haha.. almost all my shares are long term shares I'm just gonna keep holding most and see what happens..
Thanks.. I'll pull my bid and sit at .015 just in case
Not me buying but I did just throw in a bid at .02 for the H of it
You out? Or were you waiting for OVER .05 and not just around .05?
This could be one of the bigger marijuana runners this year if this deal goes through... I added some 6s recently.. and still have 7m long term shares that I didn't sell during the 2016 run.... I'd like to see it pass that .0055 range from the last run
I just find it interesting that this Kasset guy went through the effort to gift shares out and file a form 4... why do that unless something might happen with KALO soon? I dunno. I don't really expect much but the filings from this Spring showed they are still making efforts to execute their business plan so I'm curious if anything has been accomplished ....
Thought it was past due? Wasn't it due the 15th, then they filed the NT-10Q for 5 day extension, so it should've come the 20th or 21st . Anyway hopefully soon but not holding my breath
Hahaha.. well I thought this week so now I'm guessing next week and will go into denial after that! We need an update!
Any guesses if or when a 10Q comes?? I'm hoping it's after hours someday soon, since there's usually a lot to read in their filings
When I was looking into it last week, this is based off memory right now but I thought the 13G references 890k shares or so and that was at 9.99% of the OS indicating even more shares needed to be converted once some of these were sold. And when looking into it I couldn't find anything that would've granted St George this many shares.
Negative.. I'm sure it's a sore subject having announced they were free of all debt and then a 13G gets filed contradicting that and showing what, without additional info, APPEARS to be toxic debt
I'm waiting for either .30 range or higher volume to indicate the St George shares are getting absorbed
Jeez they actually issued a press release to claim a change in derivative liabilities was an actual income?? That is pretty absurd really talk about trying to mislead investors into thinking the last quarterly report was good....
This Q due now when it comes out will be more telling for where the stock price is headed up or down, since the stock price has been pretty flat they shouldn't be able to claim millions in fake income from the change in fair value of derivative liabilities
I don't have a twitter I will try email
Can anyone show me where the 895k shares in the July 23 13G filing came from? Looked like in the last Q there's mention of St George purchasing securities and warrants, but not this much. The 13G references a note... I also mentions that if fully converted it would exceed 9.99% and be even more shares.
* Reporting Person St. George Investments LLC (“St. George”) has rights to convert a Promissory Note into shares of the Issuer’s common stock which, except for a contractual 9.99% cap on the amount of outstanding shares that St. George may own, would exceed the cap. Thus, the number of shares of the Issuer’s common stock beneficially owned by St. George as of the date of this filing was 895,514 shares, which is 9.99% of the Issuer's 8,964,103 shares outstanding as of May 15, 2018 (as reported in the Issuer’s Form 10-Q, filed May 15, 2018).
Yep exactly, the filings this morning hello validate the shareholder letter $$$$$
I'm still confident that a long term up trend will follow this long term downtrend.. tends to be how these things go! The question is how low will be bottom this time. Looking forward to buying some more down here at some point.
Anybody get through on the phone to the 800 number? I get a recording every time
Yes fortunately the 800 number matches the number in this mornings SEC filing. I'll be trying it tomorrow.. hopefully they just put out even more info tomorrow. I want this to be real so badly... It seems so so much like a DOLV type run starting
I'll try and call that number from this mornings SEC filing tomorrow.. the shareholder letter PR being real could mean .10+ over the next few months.
How'd you find the PR this morning? It's not linked anywhere, otcmarkets, etrade, etc
Was the news only on one website? How'd u find it?
I know there's lots of other good DD out there on LCLP but it would be very nice to have some more verification on the PR being authentic
I found this interesting although I have no clue what is going to happen with this company...
$500k deposit news hit globe newswire...