$ TLRY
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Totally agree, searching this up on the OTC market website has the A/S at 1 billion still. With the market cap at just under 6 mil, anyone without knowledge of the reverse split details will assume this can just get diluted over a 100 times to nothing. Management needs to figure this out in the next couple months before end of 2017 so the this hopefully gains some momentum into 2018
This can be very subjective but I think it's way undervalued. The R/S didn't do anybody any favours short term but looking at the Revenues they've been climbing steady year over year, which I think is a great sign so long as the financials behind the scene are decent. I guess with time we'll see but I'm sure a bunch of board members are feeling the hurt of the post R/S price drop.
@ this price the company has a market cap of $5.8 mil or about 600k per lab.
When are they reducing the 1 billion authorized shares? With it still showing 1 billion outstanding its no wondering this keeps going down. Good company but their info needs to get updated or its going to continue scaring away investors with the 1 billion A/S
Hey tothe, much appreciation for posting all the graphs. While I dont understsnd them all I do find them fascinating. The one thing I've noticed is that since the ticker change the price seems to have stabalized around 90 cents with decreasing volume. . . . Good thing/bad thing? And do you think it will continue to be stabilized at this level in the near term or u think it drops further?
Cheers for taking the time to answer bud, I'm not much of a graph reader but over the years noticed some patterns that definitely repeat from stock to stock. . .
Company ticker is changing to EVIO, maybe some financial news soon. . .
I just came back from a tour 2 months ago n loaded up. Averaged in at $1.68 post split, picked up a bunch at 1.10 bout a month ago. Going to hold & see how 2018 shapes up here gents
: D
Nice seeing this steady a bit. If it stays above $1 after the ticker change between now n christmas, 2018 watch da fack out. Low floater like this has $10 written all over it on a pop gents
This one will turn around but not till 2018 I think. This'll be the dip everyone wished they bought at this time next year. . .
Right, Florida isnt a full rev lab?! Still not quite sure the exact rev policy with colorado lab either but thought that one was full rev for Evio.
I honestly think the reverse split is screwing this up a bit even though it cleaned up the share structure. R/S always do short term.
You know what, I'll hold off for now but if it reaches 60 cents I'll buy another 10 000 shares bud. I like the momentum this one seems to be gathering. To me seems head and shoulders above how some of the other MJ stocks are being managed but hey, maybe I'm biased cause I'm already bought in. . .
With the current float the labs are being valued at just over a mil each given the current market cap. . . .I believe thats below a reasonable valuation for each/total lab valuation given their current revenue and forward looking revenue potential but thats my take on it. This is definitely in a sweet spot to try n accumulate right now but whi knows. Chart is definitely not lookin too nice going forward. . .
With the R/S finallized & name change at the end of the month I suspect this should find a bottom & level out. That'll be a good spot to get in to this one.
However no matter how good the company has come along the chart is looking pretty nasty. It'll be nice to hopefully see this level out in the next little while.
Have they stated a date for the reduction in authorized shares? Maybe it'll happen at the end of the month with the ticker change. . .
Colorado location updated on their Evio website! So 9 total sites, 7 that they own outright and 2 that are 'affiliated' sites, is that right?
Nice to see this climb out of this morning's death spiral it went on lol, I had a couple of beads of sweat going when I saw this at 80 cents earlier today.
Short term till end of Aug. n possibly beyond this will drop. No one know's specifics of RS, which means people will be hesitant to commit to long term share holding n a portion of sharholders will get spooked n sell. Price may drop below a penny. . .
Also, Mary mentioned a 1:100 RS share split to a 6 mil share count but I doubt that's how it'll play out. chances are all the b/c/d stocks will get worked out n included in the RS so it'll be a share count larger than 6 mil. unfortunately all existing common stock holders will get diluted out with the B/C&D preferred stock holders becoming included in the new common share holders pool. At least that's how I've read it. Shitty for existing common share holders like me, not too good for preferred share holders either. . . .
. . . . good for company staff that can dilute the new share structure further disregarding the shareholders that have funded growth thus far 2016-17. . . . .
Any update on what these guys are doing in Nevada with this?
https://www.otcmarkets.com/financialReportViewer?symbol=SPLIF&id=170219
It'd be nice if these guys try to grab some market share in the newly recreational states. That's where the real value is not branding in states like Colorado but just my opinion.
For interests sake and maybe people's DD here is a list of all the stocks on the OTC that have had splits lately.
https://www.otcmarkets.com/market-activity/splits
While you can't compare one company with another, I looked at how companies that had reverse splits of 1:50 to 1:200 performed immediately after the reverse split and it seems some manage to keep a level price after the split, only a few seem to have increased immediately after a split. Sadly it seems most have prices drop after a reverse split. . . . of course there are a lot of different factors influencing all these companies price movements but interesting just for some DD. . . .
Nice Ford! I picked up a few more cheap ones today at 0.014 and 0.015. I don't have that many lol but I've got a couple mil shares I'm going to keep for a while.
You'll never see shares for this company at the prices right now and the next few months of 2017. Once 2018 hits anybody that didn't get in on Evio in 2017 will be regretting it. . . .with only a handful of states having gone recreational so far, Cali/Mass rec not even on board completely yet and climbing year over year revenues . . . .ppfffff this stock is going to be lights out 2018/19/20 bud. Just got to have some patience.
I still think this is leveling out in the 1-2 cent area on lower volume in preparation for a higher push up down the road. With the way things are going to be spring 2018 as long as the RS doesn't frig things up too much and they start getting the new Cali/Mass revs on board this hits a 200 mil market cap in 2018 no prob. . . .
Just my opinion though.
I personally don't mind the idea of a reverse split AS LONG as it's in conjunction with an uplisting to a more reputable stock market exchange (ex nasdaq). The document says a RS within 12 months. In another year's time if revenues continue to climb I believe SGBY may be eligible to uplist to nasdaq based on the minimum tier requirements.
As long as it's paired with an uplisting I'm all for the RS but otherwise I'd be against it.
I haven't either but I'm expecting it in the mail any day now. I'm reading that document n I hold my shares through a bank brokerage but under my name. . .so not quite clear on whether I qualify as a shareholder of record or a beneficial owner.
In the past they have mailed to me voting documents for different companies that were having their shareholder's vote. I'm expecting the same thing in this instance. From there instructions on voting should be given. As soon as I get mine in the mail I'll let you know THCM
I managed to get another 160 000 at 0.015 earlier. Going to sit back & see how the action plays out, maybe buy some more if it goes back to red.
As far as I know, I read it the same.
Out at the wrong time my friend, I'm long till end of 2018 & see where it goes.
Not quite sure about the Florida deal. . . so SGBY only gets 5% of revenue plus what amounts to a franchise fee yearly?!? Is that pretty much how it's working with the Florida lab?
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12217811
Not a bad little model if I read it correctly. Almost amounts to the way Subway seems to franchise out. It'll be interesting to see if it's better to franchise out lab locations or buy them outright and take all the Revs. I personally like it that WW is looking into new ways to expand the lab model. . . .see how it works out with this one being essentially a 'franchise' evio lab.
Unless I missed it in the tiny writing I didn't see any more preferred shares being given out as part of this deal. . . or am I wrong on this?
Anyways, maybe this franchise acquisition way amounts to it being more profitable expansion model in the long run. . . it'll be interesting to see.
I've been SGBY since 2016 & it's lookin good!
Lab locations added in newly legalized states reminds me of LAS VEGAS SANDS back in 2009 opening casinos in Macau.
I remember the days of buys lass vegas sands at $4 a share
: D
I'd guess that's what that big dip right before noon was. Somebody got panicky
As a side note I saw the new website this weekend,
http://www.eviolabs.com/
Looking good SGBY!
RS or not I added a few shares today.
SGBY is still a couple of years away from uplisting, they need 3 years with an agregate income of over $11 mil with each of the last two having over $2.2 mil in annual revenue. For their 2016 fiscal year that ended last September hey had an aggregate revenue of $560 000. So they still require at least two years with revenue over the $2.2 mil mark.
In my opinion a reverse split only makes sense in conjunction with uplisting. Reverse splitting and staying in the OTC market makes little sense from a shareholder's perspective and would quite frankly screw anyone holding shares. A reverse split while staying in the OTC market would only lead to a plummetting 'new' RS price.
anyways, hopefully WW does not do a rs for the sake of increasing the price without uplisting. . . .
I've been looking at the requirements for uplist onto nasdaq and SGBY would need two years with over 2.2 mil rev + a number of other requirements. Also dependent on the uplisting standard they are going for.
http://venturelawcorp.com/listing-requirements-nasdaq/
The big one is a share price of 0ver $4. They would have to adjust their split so that they get a share price of over $4. . . . .at todays price that's a pretty big reverse split. . .
Honestly with the way the internet is and how easy digital hoaxing/doxing can be done you'd be foolish to trust anything on the internet until proven real.
I added an extra 155 000 late afternoon too. SGBY is starting to look decent now. . . except for extra perferred stock that will lead to dilution. That's my only concern with this, how diluted will common shares get before a reverse split?? I'm thinking SGBY will use all 3 Billion stock to try and buy out other labs before a split. . . at least that's my opinion, who knows.
2 different order bud, market makers can take multiple orders. Sometimes they can short/manipulate lots of stock as well that people have put orders in for so as to take some cash for themselves.
I've read the q-10 but I can't figure out how the series B,C&D preferred stock function exactly.
Are they convertible at anytime or are there restrictions on when/how they can be converted?
I'm a shareholder but not fully knowing about these is preventing me from buying more. I'm also wondering if anybody knows about any further preferred stock being given out, I suspect a bunch more was made available with the new acquisitions in Mass&Florida.
If people are selling I'll buy a few shares this summer. I'll start buying at .009