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Branded Legacy will sodomize your portfolio, steal your money and then pretend you don't exist.
If you’re correct, we were all wrong about this company (except for waterchaser, heat fox and on-the-green).
I hope some good news emerges soon, but I suspect Mexico thinks his plans to open a cafe is all the “good news” we need for the rest of the year. Lol.
Can you sketch out the best case and worst case scenarios regarding the restricted shares?
When are filings expected? Is there a due date?
I’m not sure that observation says anything about this group. Any negativity directed towards RM / Elev8 on social media is instantly deleted. With regards to Amazon that would be a strange place to address the situation, but people may have already. Amazon sometimes takes several days to post reviews.
I’m wondering, if this situation is as bad as most of us fear, what can we actually do about it now? Class Action? Complain to the SEC? I feel like some kind of action should to be taken but I also don’t know if we actually have any options aside from flaming Medico online, which obviously isn’t very productive though it might feel good.
Mwyo does, apparently.
What is there to complain about aside from Medico being a selfish prick? What did RM/VATE do that was actually illegal? I want to know because I'll fill out the form if he did break any laws or rules.
Out of curiosity, are you averaging down here? I have thought about it, but am having trouble rationalizing more buying after Medico's recent antics. Part of me feels that there's an opportunity here, but I'm also fed up with this company and don't feel like engaging with the stock right now.
VATED temporarily. It will change to BLEG soon.
I own about a million shares of VATE (or 3,500 shares of "BLEG"). My average was in the 0.02's. At this point I think I'll just hold on for a few months and reassess the situation then. Selling at current prices seems pointless to me. Even though it's tempting to walk away from this dumpster fire, I still (perhaps foolishly) have a bit of hope that things will get better from here. For other shareholders who are holding moderate to large positions, what are your plans? Wondering how many longs are still long.
Has there been any confirmation on number of shares BLEG now has? Is it actually 41,895,789?
Yes me too, also looking forward to a response. And I think it’s good that RM sees that shareholders are paying close attention to the details. Thanks Knife. Wonder if RM realizes how many people he’s potentially screwed here, maybe it doesn’t even register in his brain.
Try resending to ryan@elev8hemp.com and info@elev8hemp.com... those are the accounts which have been active for me today.
Ryan Medico email: ryan@elev8hemp.com
General email: info@elev8hemp.com
Medico replied to my email today.
My email:
Do you plan on addressing shareholders with regards to everything that has gone on with VATE / BLEG over the past week? The reverse split is not looking good by any measure and I know a lot of shareholders are very upset with your mind-boggling behaviour and lack of transparency lately. To say your actions have been irresponsible would be a vast understatement. Much of my savings have been wiped out due to your apparent selfish and borderline criminal business maneuvers. You need to step up and address the situation.
His reply:
The Company addressed all this morning.
Sincerely,
RM
—————-
LOL
...sigh
If something criminal happened I would participate in a CA as well. I'm just not sure what rules were actually broken though. Medico's business maneuvers appear to have been selfish and disgusting, but it might be perfectly legal as well. Hope we can find out either way.
I wonder if anyone will start calling out Medico on social media for the silent RS. So far I haven't noticed any investor comments on his IG, but it's possible he just deletes them. I suppose leaving IR-related questions/comments on his social media posts would be unprofessional, but it seems to be the only place he's active these days, so...
No. But perhaps they only needed a certain percentage of shareholders to approve? If so, Medico and other insiders could have been the ones to "approve". It certainly wasn't any of us.
My portfolio has taken a beating because of this R/S. I’ve been averaging down on VATE for quite some time. I was hoping for a slow burn back to the .02’s by summer, but in one fell swoop this stock was obliterated on Thursday. At least I’m a relatively young guy and don’t have a family to take care of. I still have hope, but am also prepared to face the ugly facts if Medico can’t pull off something ”astonishing” soon. At the end of the day money comes and money goes but the opportunity cost I’ve paid being for being a VATE long is frustrating to think about right now.
I’ve contacted Medico several times over the past year to offer up design / branding advice and suggestions (brand identity design is what I do for a living). His last reply to me a month ago suggested he was “very happy” with all the work Bright Rain had done for him and said he had no plans to change logo / brand design for years to come. I don’t think he’s a very savvy marketer or very keen when it comes to graphic design, but I liked hearing that he was at least committed to the Elev8 Hemp brand identity for some time to come. Now everything is up in the air with this RS. Branded Legacy is boring but maybe there’s a reason for that. In any case I hope it remains in the shadows as the holding company name while Elev8 Hemp continues to be the consumer facing name.
I feel your pain. Let’s hope that some exceptional news comes out next week. Or at the very least any news at all. I’m frustrated and confused, but nothing much we can do at this point except hope that there is a chance Medico isn’t actually a POS and did something rational here.
Curious to know Mwyo and Erpy’s thoughts on recent events.
With this name change to Branded Legacy Inc, will the branding need to be overhauled yet again? Or will the current Elev8 Hemp branding / packaging remain intact moving forward? I guess nobody will know until Medico puts on his big boy pants and let’s us all know what the fu#k is going on.
My average is .023, I'm trying to figure out what the best play will be tomorrow. I'm considering averaging down in the .002's to lessen the blow. There's a lot of uncertainty right now, which could make buying tomorrow profitable, or just further evaporate my funds.
Did you sell today? What's your strategy moving forward? As someone who bought in the .02's, I've lost a large chunk as well (unless this turns out to be an unusually positive RS). Given that my investment is down so much, I don't see a point in selling at these levels, I would rather wait this out for another year to see if anything good happens or just see it go to zero and know that this adventure is truly over. Either way this is a really strange and disappointing day with regards to VATE.
Same here. I'm shocked. I had accepted all the other setbacks VATE had to deal with and was prepared to be patient and ride out FDA delays and the pandemic, but never anticipated this move coming. I own quite a few shares. No idea what the logic behind this RS is. I don't understand it. Let's hope Medico addresses the situation soon.
Time to load more VATE
If I recall correctly, financials were due over a month ago? Will the company face penalties if they do not disclose financials on time? Wonder why Medico has waited so long. I am looking forward to seeing everything move along including S-1 progress.
Healthy week for VATE. Florida will be reopening it’s economy this week as the stay-at-home orders are lifted. Hopefully this means RM & Co. can get back to work. Businesses in the States reopening first will have a head start at resuming & rebuilding.
Yeah, that's on Instagram too. It would be nice to see some improvement in the way RM is handling social media. Occasionally the posts are decent, and it appears they have started collaborating with "influencers" on IG. However, I get the sense that they are often trying to just fill a void by making daily posts with limited content, what they end up posting is often irrelevant or of low quality. They need to find someone who better understands the social media space as it relates to brands so they can produce better content and manage their accounts.
Things are looking good for VATE. Buying more this week.
Looks like we might close above 0.01 today.
Looking forward to it.
Find a new hobby. You may want to seek out a mental heath therapist as well.
WE WILL BE LAUGHING WHEN WE HAVE 4x'ed IN A FEW MONTHS. LOL.
Progress is underway behind the scenes. Good things are in store for VATE this year.
Same here.
Please stop catastrophizing the current situation we're in. CBD isn't going anywhere, neither is the beverage market.
We are waiting for it.
Do we know when the report will be available?