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Agreed. Evio needs to be smart and pace it though. Five or 10 million would have been a lot nicer. But they need to get the price supported well above a dollar. If this funding. Positive revenue developments. An effective awareness campaign. All together can support it through early 2018. Then they can go back for much more at a highest price - protecting the share structure and ultimately. Shareholder value. At least imho.
This is very big evio news. This competitor is a pesticide accredited lab that was likely the number one competition in the Eugene/ Willamette Valley region. A MAJOR hub of cannabis cultivation in Oregon. We can guess that EVIO is picking up MAJOR customers fleeing doing business with an alleged neo- nazi - if you read the article the owner / founder of the EVIO competitor doesn’t even deny holding views that espouse “white pride” the business is for sale. Could have their license pulled at any moment. This is definitely an opportunity for EVIO to pick up some revenues permanently in the area. This could be worth another 500,000 - 1 million plus a year in free new business to EVIO. Plus the chance at picking up a distressed asset at a discount. If EVIO can position themselves to take out OG at a discount the return on the bottom line would easily see EVIO cash flowing 5 million plus a year overnight.
A real Time EVIO Labs Colorado update would be great about now - Corp developments - any news really that updates and reminds everyone of EVIO national footprint. I’m not sure that the market has the message yet.
Appears that CDEL is really done with dumping - now it’s a question of getting attention again. Does management have the skill and common sense to organize the vision and sell a national/ global story of dominance of a nascent multi billion dilllar business - or are they going to keep floating releases about workshops for stoners in small remote mountain towns attended by 6 people.
Is 5$ EVIO now inevitable? Fundamental paradigm shift has occurred under the surface somewhere and now the valuation of a monopoly holding company with a nationwide footprint in an industry growing exponentially might now be realized. Thoughts?
The massive share dump from CDEL appears to have taken a breather - or maybe it’s finally over? In he ask now at .86 - either management has cut a deal or whomever had a massive hate on for them has run out of paper?
For 2 minutes at the open CDEL is NOT on the offer - WTF!!!
Access to the sea of capital seeking a home - Access to operate in a market the size of California - Trading on the TSX would jump volumes and stock price enormously - remember from the POV of investment bankers and regulatory exchanges EVIO doesn’t “touch the leaf” - they are an Analytical Testing and Reserach company that is the worlds leader in cannabis testing. That’s a big distinction.
Sessions is a non factor - Repubs losses in state leg on Tuesday mean they’re truly in a precarious position and the last thing that anyone is going to instigate is action against a successful nationwide nationwide program supported by over 70% of voters. I do pity the people who will continue to receive life sentences for possession of a joint in such enlightened and culturally progressive jurisdictions like Alabama and Mississippi- two states known worldwide for their forward and enlightened thinking on social issues - meanwhile the cretins in the cultural and economic backwaters of California, Colorado, Oregon, Washington, Maryland and Massachusetts will continue to wallow in the filth of cannabis and embracing equality and justice. Makes me sick.
a Canadian Lab with TSX cross listing would see some excitement back in this deal and certainly drive the price 3-5x making today’s price an absolute dollar general bargain.
You can rationalize away everything you’d like. I understand it’s what cult members do too. Regardless the reality of what an objective outside observer actually perceived. That’s the reality. Not he fantasy. I don’t do penny stock scams hence the lack of posts on ihub. Any other play I’m in doesn’t get comments on this service.
Good entry point now as it’s probably only a ccouplw of cents from the bottom - the ride down ha been embarrassing - but a strong upswell on solid growth yoy numbers should bring lift. If management can stay out of their own way and do things right.
Other than weed raised 200 million and evio can’t raise 2 million. No
We can assume it was another desperate flailing panicked GET SOMETHING OUT THERE - PR in the face of relentless abusive dumping of paper into a dead market by WW best pals the convertible note holders
It’s not a proactive management team. It’s a reactive one - no planning nor forethought. Anyone willing to bet that the financials are late. Again. For what will be the 7th or 8th ateaight quarter? Maybe have the stock delisted - again - to really inspire market confidence. The summary of mistakes and mismanagement when put in a list - is frightening. It’s not hard to see why the price and volume have collapsed under this leadership team.
Leaving a single penny stock investor feeling good after snowing them with nonsense good feeling garbage is not the job. Bringing big money private or institutional investors on board is. WW appears completely incapable of that simple task. Without that type of support it’s back to the toxic swamp of convertible debt and while the management team pays themselves on the back for raising money from people who would front to homeless meth addicts if they had some liquid paper in a deal. The shareholder gets screwed. That’s been the problem all along. The total lack of management to get the confidence of the real money that supports the share structure/ and shareholders versus crackhead money that destroys shareholder value.
A singular business model with worldwide potential and this management team hasn’t been able to raise one dollar of equity from respectable sources. It’s not the business of cannabis. It’s not the business of testing it. Because BIG money is flying into deals everyday - the only thing left is management. Big money doesn’t like the management team - It’s pretty obvious from the track record of screwing the shareholders again and again and still not real investors.
Meanwhile total apathy has set in and it will take a real shakeup to move this stock. The continual drip of non- news and crappy licensing deals that aren’t explained - a new lab in Oregon that has no 8k explaining details - total lack of Corp communication. It’s sums up a story that isn’t very interesting.
For all the cannabis scam deals out there making money on the exchange how can a management team so royally screw up a deal that actually works. Bad management. Until there is a shakeup there that inspires confidence in the market I don’t see any news that will help this dog.
The market has moved on - Apathy has set in - worst case scenario - better to have them love you like butterflies or hate you like Weinstein - but the absolute worst is when they just don’t care anymore. A great deal ruined by bad management
Single dominant player in public company cannabis testing + (ANOTHER!) Late filing + low/no info press release = 750,000 shares traded ($7,500) & 5 posts in the first 30 minutes of trading = Truly Pathetic.
How a companys management team has any self respect and can look itself in the mirror and claim they are acting in the best interest of the shareholders is beyond the pale. Truly Pathetic.
Cant wait for the shareholder meeting to be livestreamed on Facebook and we can watch the CEO squirm like a weasel when someone stands up and calls him out for such weak leadership in screwing the shareholder again and again and again
Small dip in revenues expected w/planting season underway for the quarter, (Apr May Jun) the advisory/consulting revs will always be dippy quarter on quarter as they're reliant on states opening up marketplaces. The business model was never in question. Its managements inability to raise equity capital from institutional and retail investors and the 6 odd pages in the Q devoted to all the toxic garbage notes they've taken diluting shareholders. There is no excuse for this. Unless the company can get their corporate house in order with regard to share structure and a management team who can deliver financials on time for once and deliver significant equity investment from friendly institutional investors on board for the long haul growth - none of the goodwill of the sector and the play is going to keep investors interest for very long. The fact that with all this dilution and being the single dominant public company player in the cannabis testing sector the company has apparently no interest in engaging an Investor Relations firm to date to communicate their story and engage new shareholders really begs the question if they have any idea what they are doing.
Children are impressed by Santa Claus. Then their parents get the credit card bill.
Far from an insider. Bought into the deal back in February when a banker friend brought it to my attention. Loved the story. Wondered why i had never heard of it before? Doing the research. Found out why. Love the potential of the play and the sector.
Time for management to resign. Bunch of inexperienced clowns who do not have any idea how to run a public company. The complete disregard for the shareholders with the mismanagement of the share structure, the total and complete lack of communication, the inability to raise any equity capital in 3 years. The sector and the idea is there. These are not the people to run it. - And to answer all the cheerleaders and people who know nothing of capital markets. This isnt me saying this. Its the market. The market has said Nope! to providing any equity financing. The market says nope when the company has a zero communications policy with the financial media, the investment community or the shareholder. The management have ZERO experience running public companies. They are treating the deal like its their "own" private company. This deal will end with lawsuits and share battles and the pathetic management team scrambling to stay in power. I have heard from IB's in NY and SF that the company was offered 20 Million in equity financing if the CEO/COO/CFO were all fired and replaced with professionals. Management was offered board seats and to retain their shares. Of course they refused and then the next day took on another toxic high interest dilutive pasting the cracks convertible note for a couple of hundred grand. Its quite sad really. Too stupid to know theyre stupid. Its like Donald Trump is running the deal. Since NY and SF want nothing to do with the incompetents running the deal maybe they could find a corrupt russian oligarch who tells them everything they want to hear. The other feedback from the bankers who made the offer to the company earlier this year was that the management does not take notes well. Big red flag. Here are three bankers who have over 50 years experience in capital markets having built dozens and dozens of deals while raising over a billion dollars and theyve got this clown who has never done a deal before pushing back on the most obvious points imaginable. Word has got out in the IB community. CEO doesnt know what he is doing. Is not a leader and as long as he is there the deal will never get funded. Sad. so much potential but screwed by ego. Typical story when you think about it .
of course youre right - massive numbers of common shareholders numbering into at least 5-6 dozen all decided to sell their stock they bought at what? 0004 a share last summer? Isnt that the regular fantasy sold to the board? Rather than the real truth - easily verifiable with company docs - of the non-payment default on one of the numerous notes currently held by what we can at best calll. hostile parties. Who have ZERO interest in the company, its business model, revenues or future success-
All these sellers currently dumping shares into the market want is their cash. Management apparently just does not care how much their loan conversion into stock is. They do not care how low the price of the stock goes. They want their money.
Thanks management for the gift of massive dilution and dropping share price. Id say you were doing one hell of a job if your mandate was to enrich your selves and your friends at the Bank of Shitbag Loans and Shareholder dilution
Keep up the astroturfing of deflection and misinformation from your regular cast of proxies in response. looking forward to the smell of the buffalo chips coming soon
Dump more shares noteholder. Dump Dump Dump - There is plenty more where that came from when the next noteholder liquidates and DUMPS stock and drives down the stock price, AGAIN! . Great job screwing the shareholders management. Keep up the dilution and bad decisions. F**k the common shareholder! Trump for CEO??? That way we can get an even bigger screwjob for the common shareholders while the management comforts themselves with bad decisions that screw the shareholders while depositing millions and millions in the pockets of management while the common shareholders get sandblasted.
Whats your point? Its another puffed up press release that throws the number "3 million" in it. as common as toilet paper in the small cap world.
That is over a month ago - no money yet. IF you were say a competent management team for example, wouldnt you secure that funding ASAP when the release went out. or a week or two later.
And say bought out today note to preserve shareholder value and keep the share structure protected? Maybe close an acquisition or two.
But no - there is no money. Just a press release with the promise of money. from over a month ago. I am not interested in debating. This isnt opinion. These are facts. THis whole thing in fact is reminding me of a certain elected official who talks a big game but has nothing to back it up.
Today was not "emotion" Today was a note holder dumping shares into the market to get the money they lent to the company back. These noteholders have no interest in the deal, or the share price, or the future of the company, like say a legitimate insitutional/family office/Angel investor would.
Because the management team of SGBY cannot apparently secure the trust and confidence of the legitimate sources of equity funding who actually have the interests of companies long term health in mind. Versus the viscous, predatory, lupine nature of the note holders who are on WW speed dial.
We the shareholder, get screwed again. This management team either needs to get their act together regarding their first responsibility, the shareholder. Or they should be thrown out of their jobs and replaced by people who can get things done the right way. Enough with the amateur clown show.
Bad management makes bad funding decisions and the shareholder gets screwed (again) + When is the management team clown show going to get some real money. Funding that doesn't continually screw the shareholders who have supported this deal. And all the cheerleader fanbois who are going to tell me that "this is how its done in microcap deals - WW is a genius" - No it isnt./ and no, hes not.
Good solid deals with strong organized management teams that impress with knowledge, experience, passion, vision, leadership and discipline get real funding. Deals that have assets and that are cashflowing get money thrown at them. SO which of these three categories is SGBY lacking in?
Something like 900 MILLION dollars in equity investment has flowed into publicly traded cannabis deals in the last 9 months in North America and all that this management team can continue to deliver on a regular basis is funding from the lowest of the low high interest, screw the shareholder with dilution and share dumping lenders.
Where are the single high net worth Angel investors writing checks for $100,000 - $500,000 where are the institutional investors with $2,000,000 - $20,000,000 - people who believe in and have confidence in the management team to deliver in a marketplace that we all agree is a sector no brainer with national and international expansion fast on the horizon. Why cant this management group secure real funding from real investors.
The market is there. Cannabis testing is a simple awesome business model. They have the assets in place. They have cash flow. They have all of these things that INVESTORS love about small cap deals - So why is that this management team cant secure any funding solutions that dont involve screwing the shareholder.
They have never bought down a note. The management team has let every note mature and get fully converted (screwing the shareholders) The management team attempts to deflect some of the damage with limp, lame press releases about non events or announcing a letter of intent - but it never helps. As we see today.
When we get some traction and some share price movement and stability to the positive reflecting the potential of the deal - SLAM another note goes out and the share price gets hammered and the share count total balloons another little more (again)
I for one am sick of this garbage. This CEO needs to take control of this situation and explain why he consistently cannot raise real money and can only get funding from lowest of the low. From people who have no interest at all in the future of the company - only in their 15 points in 180 days or to just dump a massive amount of stock in a short time period, to average down the share price which likely inflates the number of shares held by other note holders or even their own notes that have a future maturity date. (dont think there is no collusion or scheming to drive down prices between the various entities issuing these class of notes.
Where is the 3 million dollars that was supposed to be available in a previous press release last month. Where is the follow up on the fact that the lab they issued an LOI on to purchase in Boston is in fact owned outright by a HUGE operating lab in Colorado. Why did the Florida lab deal get leaked before the announcement. We are 5 months from 2018 and 18 evio labs. We are 10 months since that statement was issued and - no new labs -
What is going on? This management team is not doing their jobs. They apparently cant raise funding from legit investors.
They definitely do not know how to communicate with shareholders or the investment community. The vibe i get is that management is treating this as though its their own toy, completely ignoring what is in fact, their first responsibility, to that of the shareholder.
Why would a competent management team that knows anything at all about corporate communications strategies of small cap public companies put out a press release of an acquisition yet fail bigly at mentioning the price paid in cash, in stock or even what percentage of the acquisition is being purchased.
Who knows why a competent management team would do it? What we do know is this highly incompetent management team currently running Signal Bay Inc. did just that today.
I am reaching out to other shareholders to bring their attention to the serious issue of taking the opportunity next month in Henderson, Nevada to vote the current crew of clowns mismanaging this company thrown out and install a management team that can take this deal to the next level.
They have destroyed the price of the stock due to 4x dilution to toxic note holders in the past 18 months.
They cant raise any capital with legitimate, established, respected institutional investors and only can find funds with the most toxic of bottom feeding, conversion crazy predatory lenders whose sole purpose is to dump stock.
They can not event get a quarter;ly financial report out in a timely manner as evidenced by the fiascos of the past 12 months - when the company has been MONTHS late in filing their financials. At one point going so far in arrears of their corporate responsibility that the company was delisted earlier this year.
Further scaring potential shareholders and institutional investors away.
The corporate communications strategy appears to not exist. What is the sstrategy, vision? It appears the only motivation to get out a PR is when a convertible note comes due at the expense of the sharehol;der and only to benefit some sleazy note holder looking to dump shares into the market at the expense of the shareholder.
Enough already. William Waldrop has almost destroyed this company. He and his team of incompetents have to go. There is an opportunity to make you voice heard at the board meeting in Las Vegas next month.
IF you are looking to take out the inept clown management team at SGBY- and install competent people who know what they are doing. MEssage me. lets make this happen
i dont believe its a p&d: its simply terribbly mismanaged - ive seen references to the CEO bio thta he built a chain of foto-mats or something 20 years ago - the problem is - it wasnt a public company -
The management appears to be utterly clueless in operating a public company. The 4x dilution in the past 18 months. The late filings again and again. The constant stream of dilutive notes (this is especially galling since there has been over 500 million equity dollars announced in 2017 so far as flowing into public cannabis deals, yet all Signal Bay can find is convertible debt notes from the most predatory lenders trolling the muck of the pinks.
So. if we agree , its apparently not a p&d. Yet the companies only funding options are from the same lenders propping up toxic p&d deals. What gives?
My guess is management can impress enough of the dim bulbs buying a penny stock. And a few, likely high on pot, lab owners, to come along for the ride. But management cant get the confidence of the institutional money.
This announced roll back is way late. Lets hope that the mess the stock structure is the only management infrastructure issue. If the management team cant get the support of anyone but the toxic note sludge. theres trouble.
I think management knows it and its why there is the takeover provision in the minutes of that announced shareholder meeting. The abusive and wanton manner that management took in funding the company diluted the stock 4x in 18 months - The ridiculous conversion rates and the subsequent dumping of the stock every 90 days like clockwork has destryed the stock price, but i think the ability of the principals to even retain a 50% control of the overall stock is in question.