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I’m happy with my position but I thought we may get some tax loss selling and I would grab some shares under 2. It Doesn’t seem like that’s going to happen. A little more buying and ask will be back over $5.
I don’t own this stock because of these earnings. For me it’s all about the marijuana breathalyzer. That is a game changer and would make this a 100x return on investment. The profitability of the alcohol business is great because we don’t have to dilute to fund company. If a few investors got on board this would take off. Look at the market cap. The float is tiny. You get a few people that want 1-200k share position and this will be $50+.
Sadly because of the float I think the company is quiet on things to not create a crazy price move.
Well there are terms. So for example if the stock closed $18 or higher for 20 trading days within a 30 trading day period they may accelerate the expiration date. It’s all in the prospectus.
Bottom line you’ll make more on the warrants vs the stock
Let’s say stocks $15.
You make 50% on the stock
Warrants are worth $3.50 minimum (probably closer to $5) and that is still a 84% increase.
Awful action.
Yes that’s how warrants work. You have 5 years on these. If the stock goes to $13 your not going to be able to buy the warrants for $1.50. Time value and intrinsic value.
Anyone own or thinking about buying the warrants. SBVQF?
Just the spread. Ask was still 3.50 yesterday. Someone past few days has been buying shares at the ask.
.301 bid pre market
We should be getting the news of approval very soon.
Someone was very eager to buy shares right when market opened. 900 @ the ask 2.70.
Shot in the arm for the sector with this TLRY/APHA news.
Rumors flying about other potential deals
Sector moving TLRY/APHA MERGER
Sector moving AH TLRY/APHA NEWS.
I would be extremely concerned if this dropped under .20
Weird that this isn’t moving considering the sector is doing extremely well.
So NOSTRA what is going to move this and what price range are you targeting?
Bidders coming in now
Presentation was good today more time was needed for q and a. Which always seems to be the case.
Sector in rally mode let’s go
Completion of the Transaction, which is expected in January 2021, remains subject to the satisfaction or waiver of certain customary conditions including, among other things, the requisite approval of the shareholders of Caliva and Left Coast Ventures, (b) the approval of the Exchange recognizing the Caliva Transaction and the LCV Transaction as SCAC’s qualifying acquisition and the listing of the SCAC Common Shares on the Exchange, (c) a final receipt for the prospectus having been issued by or on behalf of the securities authorities, (d) no law or order (other than U.S. federal cannabis laws) having been enacted, issued, promulgated, enforced or entered that prohibits or restrains the consummation of the Caliva Transaction or the LCV Transaction, (e) the conversion of SCAC’s Class A restricted voting shares and Class B shares into SCAC Common Shares, (f) contemporaneous closing of the Caliva Transaction and the LCV Transaction, and (f) the waiting period under the HSR Act having expired or being terminated (which waiting period expired on November 16, 2020).
Symbol changes too.
When is vote to approve deal. Why isn’t stock moving up beforehand?
reminder conference tomorrow
Event: LD Micro Main Event
Date: Dec 15, 2020
Time: 11 AM ET
.56 is 52 week high .53 is 52 week closing high.
If we can make a move over that this could really start making moves.
LETS GO!!!!!!! Gotta clear .35
Current float
Using the DEF 14a on 4-2-20
I have it at 372,192
Just imagine if you get some traders trying to buy 100k shares. This would get over 100. And the market cap at 100 isn’t even outrageous. $245m.
Investor relations emailed me back
Gerald Summers
regarding the reverse split its up to 1-30 can be lower won't be higher. So that filing must of just been a place holder
Need to see this go on a run so the split can be 1-10 or lower.
OHH I see what you are saying. Thanks for the clarification.
Clearly states nicotine products
When Altria news was announced 1-19
Lexaria Bioscience Announces Partnership with Altria to Fund Research and Development of DehydraTECH(TM) Technology for Oral Nicotine
Lexaria Bioscience (OTCQX:LXRP) has entered into a research and development agreement with British American Tobacco (NYSE:BTI) to investigate the use of Lexaria's technology in nicotine products
Nicotine division also has British American tobacco
So thats interesting.
OTCX VALX AND INTL were all on the bid creeping it up to .2719 and one cancelled it they all disappeared.
buyers coming in now pushing bid up
That move last week sure faked me out.
Better bid support today. needs a push on the ask
Not much to clear to get right back to .35.
Well I think yesterdays action was very positive. High volume up 22% then today much lower volume dip.
Sector is moving again because of house news so selling off on this low volume isn't as concerning to me.
Would like to see more of these 100k bids come in.
It was up 22%. if that isn't holding up Ill take it everyday!
We had no news yesterday and had one of the biggest volume days in over 3 years.
at .30 this is only a $27 million dollar market cap.
need some volume. sector is moving up again