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me? or baomike? what do you mean?
Can't tell if you're being serious or sarcastic but I'm glad I'm out. I will keep an eye open and see if it drops to sub-penny land again and then maybe I'll jump back in.
Otherwise, good luck everyone and I hope this turns out to be a gem!
wow I got out at 3...
Should be an interesting open...
actually, good point - the "postponement" is overshadowing the fact that the response from the FDA was within the Class 1 time frame.
Sorry - confused about what? The R/M was with the LLC, correct? I'm not sure where I am wrong will you let me know?
Also, this is my last post today see you tomorrow! ha
But what do you think about what I said? The real reason this started going up in the first place is because Coleridge because the head of the company, then it appeared he also became the head of other companies (like IGU) and this board's thoughts were that they would reverse merge with IGU and then the IGU business would become a public company.
In order to reverse merge with IGU, VKML (or IGA/however you want to refer to it) needs to exchange VKML/IGA shares with IGU shares. If Moreno owns/owned the IGU shares, it seems to me like he has to get the 87 million, or else the merger doesn't happen and the whole thing falls apart... do you disagree? And if you do, why/how?
I'm not trying to argue or anything, I'm just trying to actually figure this out, and help other people do the same.
Right - but I'm wondering - wouldn't that $1m already be priced into the PPS? Or do you mean once the deal is done, and NEXT time ILIV reports income, it'll be higher which will THEN jump the PPS?
Thanks
Sorry- maybe I'm missing something big, but have we seen something that says Coleridge owned VKML? I know he was the officer/executive/president, etc, but we don't know anything about shares owned. Plus, it was the BOARD of VKML who decided to do the deal, not the "owners" right? Do you have evidence of who the board is?
And the "merge in" happens when VKML buys shares of Indie. VKML "bought" the Indie shares (from Moreno) with $185k and the 87 million shares of VKML.
They're not Coleridge's to take. That's like saying if you own a bike, and you and I enter an agreement for me to buy the bike for $1,000, then I decide I don't want you to have the $1,000, I can still have the bike, but take back the $1,000 because it's "mine to revoke." VKML bought/merged Moreno's company for 87 million shares.
Do you see what I'm saying? If VKML doesn't pay Moreno for his shares of Indie, then VKML doesn't buy indie.
oh that's annoying. But so the 25th won't/shouldn't really have any significant effect on share price, right? Just eventually when revenues grow?
how is he out? It's his company! OR, it's not his company because Viking didn't give him the shares, which means Viking din't buy Indie, which means Viking is just the mining company again.
I just got off the phone with Schwab and they said the shares are in today, so they should be available for trade later today. Sounds like a couple other brokerages already added them so hopefully the same will be true for the other ones!
right but that would also mean the sale didn't go through, right? I just meant it more like how could VKML be indie growers and the shares not be given to Moreno?
Hahaha. This is too funny/crazy
Win what? Is there any reason to think he won't get those shares?
If this is so close to happening, and they seem to have made positive net income last year, why is the market cap SO low?
I'm relatively new to this board but started watching a couple days ago - what are the expected (if any) big catalysts that longs are expecting to make this jump? Thanks!
haha yes it's funny that you and I seem to be the only ones who acknowledge that.
Out of curiosity, though, why are you here so much and why were you around so much last time it happened? Is there something particular about this stock? Or were you duped last time and are trying to help this time or something?
How would this even work though? The shares (and the cash) were the payment for the shares of Indie. If VKMLD changes their mind and doesn't pay for Indie it's not like they still get Indie. It would just be back to nothing again, right?
This is actually shaping up to be pretty similar to the prior "PR's" if it doesn't end up going through...?
think about it...
am I wrong here?
If the 87 million shares are issued, then there will be about 88 million outstanding shares (I know the 8k says there will be 125m outstanding, but for sake of argument, let's just use the 88m)
So if the share price is $4, are we saying the company is worth $350,000,000??????
People will say that there are only 1 million outstanding shares, but that is only temporary until the 87 million are given out (which is scheduled to be done within a week from now) so the share price should be factoring that in...
IF you think that the 87 million issuance won't go through (I don't know why there is so much confidence here that it won't go through) than that means the SALE didn't go through, which means VKML didn't buy Indie Growers, which means it's just a mining company shell with no income and no assets, right?
This of course is just my opinion, but I would get out now if you can. Just remember - if this goes down to .005 again your investment now will be 1/800 of what it is now.
There's no real reason to believe the stock will go up - and by "real reason" I mean taking income, or assets, or future growth, dividend value, etc (of which as of now there is either NOTHING for these, or we have absolutely no idea what the amount is) then use those numbers to calculate what you think the value of the company is, divide that by the shares, and if you think it's higher per share, then you should still hold.
But the fact is, there is no eveidence of ANY real net income, growth, assets, etc. We don't know anything. I would just be wary and get out.
bid finally moving up. looking good.
equiet... and ask inching down...
what's your guess on today's action?
ha - funny. But I also learned the hard way - if you bash anyone in particular (or in your case I guess if you bash the people on this board generally) your post will be deleted. It makes sense I guess I just didn't know they do it that way for general people bashing (like you did) too.
Best post on this board... hahah
Did you ever read the book The Big Short? best part is when the guys go to that conference and they're like 'I know we're shorting the general MBS market, but now I want to short the exact particular bonds this guy is buying.. specifically this guy...' haha
Best part of this stock is the post lunch run.
How is l 2 looking?
It's not halted, right? Just no one wants to sell at these prices?
Damn sellers not even biting at 750! Bid is rising?
I just called schwab and they said they still haven't heard when they will receive the new shares and they said it would be the same for all brokerages, so I think no one knows yet.
They SHOULD be able to short the stock for you if you want to sell now but you would need to call your broker to do it, and then buy back the shares before the sale settles so it might not be worth it? Not sure IMO
How is bid ask looking? And L2? Thanks!
Pretty quiet before the open!
Unfortunately it looks like the shares in brokerage accounts are still not able to be sold? If the share count is still low this could cause the price to jump a lot today again I suppose, since people can only BUY, then sell?
Imagine if the 87 m are actually given to Moreno and he can sell them before any of our shares reverse split goes through? Ha!
Actually, interesting point. Forget any restriction in the sale agreement- (and I don't know much about securities laws) but what are the rules against majority shareholders of public companies and restrictions on how much they can sell at a time? You mentioned restrictions on OFFICERS but I think it's more of a majority shareholder thing than an officer thing (which, totally unrelated) leads me to not understand why Coleridge would and could come out with that comment about Moreno when it seems Moreno will technically basically own the entire company and could get rid of Coleridge if he wanted to?
Honestly I hope you are correct!
I WAS just reading about all the money and interest in the growing Canadian mj industry...
But again, hopefully I'm 100% wrong.
good point about the other companies. - are they publicly traded though?
There is a serious possibility here that none of this even happens. Just like all the mining "deals" however it seems they are taking a more concrete move here than just releasing a PR about a possible acquisition...?
Liek you said, I'm with you - but I have definitely made some decent money (for me) so far just playing. Not expecting anything real, but at least expecting the price to go up for a while. I am thinking about definitely trying out that two year plan though! ha.
ha ha ya - very interesting...
I must have glanced over it too fast and not realized the name change had already happened. I probably read "Indie" and thought it was referring to Moreno's company, and thought only those shares were not subject to reverse splits.
Which brings me back to my old point - I hav now made enough money here that even if my current shares go to 0, I'll end up "up" a tiny bit so I will continue to play with this a little longer. Then I will wait for it to go back down to .005 or something and buy up a bunch, then check back in a little under 2 years from now and see what their next venture is. haha.
Of course this is just a guess, and all in my humble opinion - truth of the matter is I hope I am completely wrong and this turns into a huge company.
Wait - I might just be remembering incorrectly, but this (your first link)seems different than what I remember reading the first time?
First of all ,at the top when they list the owners of Indie Growers Union, the amounts don't add up to 100%. Also, I remember that the first thing we saw DIDN'T list the owners, it just said "see attachment b"
Second, In Attachment B, the %'s add up to 105%
Finally, I thought I remembered reading that the shares that the seller is getting are not subject to a R/S for 2 years, but it says in here that "shares of Indie Growers Association... shall not be subject to a consolidation..." isn't that different than before?
Sorry Baomike - I've been busy at work this week and haven't had much time to paruse everything being posted here. Are these the issues you were pointing out? Crazy stuff.
can someone (baomike?) help me out with something?
When I search for the Viking Mineral 8-k, I can't find anything with the reference to the 2 year restriction and I don't find the filing with the % ownership of the newly issued stock.
Can someone find the link that shows the whole document? Thanks!