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Did they mention if they'll be uploading a copy of the recording on the BLDV site? Had to take a work calls and missed most of the conversation.
So they've added another team member for Public Affairs, which is good. But the CFO is not on their page of officers and over the last month he's updated his title from CFO - BLDV and CEO of GoPronto, to 'INTERIM CFO BLDV' and 'INTERIM CEO of GoPronto'... Oh and Josh's title has changed again. Tried reaching out-waiting for a response. Any insight from anyone or anything they've gotten back from the team?
A 1,500% arbitrary multiplier is unfortunately indefensible and clearly not supported by the market, whether it's labeled 'conservative' 'aggressive', 'moderate' or 'extra-medium'. It can't hold up against ant quantifiable measure from a legitimate financial analyst. We've broken past Even finally, yesz and made a bit of margin - but why try to come up with these 'flick of the wrist' multipliers, and follow up with 'IT'S NOT UNCOMMON TO SEE 20, 30, 40 TIMES MULTIPLIER IN THE INDUSTRY OR WITH OTHER PENNIES!?'. Why are we so un-willing to be objective on here? It's either 'this is a POS, it's a dirty shell with incompetent leadership heading back to goat days, let me keep reminding everyone of why I feel so', or 'GONNA BLOW, BEARS ARE SCARED, we're a PR away from being the next Bitcoin '...It's clearly neither right now, or maybe both. Yes it's good it didn't suffer a net loss in 2019, yes it's good a Merger came through. But also YES the share structure clearly is severely bloated, YES communication is poor and brushes bad news under the rug leaving too many questions unanswered, and YES the PPS is almost at an all time low until we make $5-$10 Million in annual revenue, gather enough assets of that magnitude, or release a PR that is speculative enough for new investors to outweigh the constant day trading, shorting or dumping holding this PPS down. Why do both sides feel that putting on their blinders and pushing their one-sided view is gonna make anyone jump ship?
Yesterday's news won't be big until a follow up that confirms we've actually raised $2M in funds to build out the two proposed facilities. We've seen plenty of planned fund-raising initiatives that didn't pan out (it would be great obviously if they followed up with us what went wrong with the different lessons learned), but until then-PRs are completely speculative and forward looking. The only one we've received in 4 years of any substance has been the annual financials with real money made. The obvious concern for anyone long: will 2020 flounder and make another $700k, or maybe $1M? That won't rock the boat on PPS. Will 2021 lose money? How many years before the company finally scales and expands in any sort of meaningful way and has 20/30/40 employees plus with enough Margin that people genuinely want to invest long term. This prospect is what got everyone excited in 2017 with news of AMS plans and started moving the needle, because we finally had a plan to scale and grow, and have some significant, revenue-generating assets under our umbrella (47,000 sq fr facility growing plants). We've all seen where we landed since.
I don't think it's reasonable or defensible to use any multipliers for any EPS (Earnings Per Share) valuation to draw in investment. A safer and more reliable estimate is just to take raw earnings vs raw shares, and beyond that: any multiplier from then on is just gravy, but at least we have a defensible formula. How is any financial analyst going to justify any multiplier in the super volatile Pinks? 10x? 30x? Based on what? Our Market share is a raw formula, regardless multipliers, and it is what is. Same with our EPS. Let's instead keep pressure on leadership to be transparent, discuss failures and lessons learned (AMS, Eltron, Triple Net Leases, etc.), be clear about goals and successes, and continue to show plans of significant growth. That will boost our PPS long term, not adding 100x multipliers just because we want to see a couple less zeros next to our share price.
We had $700k dedicated to ensuring we can be the vendor for Israeli IP and Targeted Therapies in North America. Originally it was going to be done through the newly created entity of CANN10 NA for that purpose, but then after the Merger with H360, who are able to complete the vendor duties on behalf of CANN10 in Israel, the made up CANN10 NA is no longer necessary, so BLDV is giving the $700k to them directly. What rigorous detective work is needed to figure this out?
Our concern isn't that they do Expos or that there are too many of them. After all-in an emerging sector like cannabis where they've decided to target new companies coming into the industry as their clientele (except the more mature Florida market in this case), Expos are probably the best way for them to generate leads, have a platform to display their goods and services, and get nation-wide exposure. They're really doing a form of penny-stock speculation as a firm themselves, because they're gambling on start-ups that might hopefully get licensed and blow up, just like a penny, and BLDV will be the one to help them enter. We WANT them to have more expos, more exposure, and more leads.
Our real concern is follow-through: we haven't seen any significant revenue earned as a result of all the leads and strategic partnerships they have formed and consulted.
However: we do need to remember that they are essentially a start-up 2 years in, working a as a gateway for other start-ups. And to expect them to make millions after just finally getting more than 2 employees on their roster is asinine. Anything beyond folding the books and closing shop should give us hope, but since it's a penny stock that so many here day-trade, we won't see significant gains for each shareholder until revenue steadily grows, while share structure shrinks. And in fairness to the day traders-it's too lucrative not to trade mid trips when you see 25-50% daily swings not based on news, and the entry cost can be as low as $20-$30 bucks.
Besides you being off by 3 ZEROS in share count as others have so eloquently pointed out already, if we're going to do straight math in sub-penny world as you're suggesting: we made ~$250-$300k in 2018. Assuming the projections are reasonably accurate for 2019, making $3M will be over a TEN FOLD increase in Revenue, and would get our share price from .0008 to .008 by that logic.
That is without news or contracts signed between now and year end that would influence the base price and consequent multiplier. If all of your rigorous, Sherlock Holmes DD around share structure, Legal Opinion letter dates, spelling and Management actions from a decade ago leads you to smack-talk an investment that is planning on jumping 10-FOLD in one year, i.e. 1000%-you might as well resort back to "POS Scam going to .0001" and pray on the newbies.
The only 'apparent' thing, which should be obvious to anyone reading the news from Bristol, is the MMJ Facility is 'all cylinders go' since no business man with $30M ready to be invested for a return and a clear path to do so immediately, especially with BLDV's project in Virginia underway, wants to wait for a year and a half before deliberating BUILDING something that WOULD EVEN LATER possibly yield profits. Maybe. This sentiment was also reiterated by BLDV leadership in several plans. How THAT is not the conclusion you drew, and positive news for members of this forum, is beyond me.
Curious: which questions have you sent over to the BLDV/H360 team ahead of the conference call?
Study shows supporting evidence that Traumatic Brain Injury (TBI) is heavily and positively influenced by the use of Cannabis AND THC, effects ranging to the extent of mortality rates.
This is highly relevant and the timing couldn't be better for the background and direction our new management comes from/to. Though the study appears to be from a few years ago, it is being shared and circulated now, which is all that matters in the age of social media!
https://www.ncbi.nlm.nih.gov/pubmed/25264643
Are you able to post his full reply or would you rather not?
I received one as well, though no mention on board approvals as you may have gotten. The notion was similar though that patience is necessary for just a short while longer and the fact that trying to arrange for a number of things to come together at once have caused delays. I did sense urgency in his note though. I realize most folks on here won't want to hear that at this point (justifiably so) and would rather rant on a day trading board. As most realize though, the only answers we have to ultimately rely on can come from one person only. If you do seek out answers, I would encourage people not to use the infobldv email as I got an automatic 'undeliverable'. But his other emails worked.
The entire expo, with thousands of Sq. Footage. I Birch Run, is sponsored (completely, if not primarily) by CANN10 North America according to the home page of this expo. This is on TOP of the 5000 sq. Ft. Pavilion mentioned earlier in an article shared today. All the already occupied booths have been reserved more than 2 months-1.5 months ahead of the actual Expo, and all this WITHOUT a public PR or "more talking and critically thinking, without much doing". Exactly what you've been asking for so long is verbatim happening! Quit derpin.
Thank you for the Public Service Announcement that you didn't remove the pinned note. As I stated, I don't care who's trolling the board and removing notes randomly without prompt, nor did I accuse you of it... Sort of suspect that you had to preemptively defend yourself and call out your innocence, but that's neither here nor there. Glad you play along and posted it back up.
It is not within their discretion to decide whether the PR is relevant or likely to materialize up to they're standards. If it's an official company PR, that's what we have to go off of. Especially when we have govt. Approvals in play.
The coal dudes backed it that much, not CANN10. We're (BLDV) not the owners of the facility, nor does anything insinuate we funded it per se. Currently or involvement was just the application, project management and consulting, plus the licensing of the products, technology, know-how, networking, and anything we need to export out of Israel once we can. Parent CANN10's financials are unknown besides the initial valuation of CANN10 NA, shared earlier this year, to the tune of $2.5-$3.5M.
Guys-optimism is good but let's not fool people into absurdity. With the share structure as big as it is, movement North is going to be proportionally smaller than previously mentioned runners. It took us two days with billions of shares traded to get to .0025 or something like that at the announcement of AMS, and another bit of news to propel us to .0057 in about 10 days or so after that. Merging with a start up entity that had a previous valuation of $2.5 - $3.5M is not likely to get us to a Market Cap of over $1 Billion. Even with the pump. I think anything between .01-.03 Cents would be monumental, and .0057-.01 being a very satisfactory outcome. Big if on the Merger though as they are obviously running into unexpected delays.
CANN10 NA is a Canadian incorporated entity, so it shouldn't require approval from the Israeli government. And you already knew that. It has partial Israeli ownership, but that's neither here nor there. And I have not heard of the reverse stipulation of Canadian Govt. approval required for an Israeli investment in a Canadian entity, so we should be 'greenlit' there.
I know Josh is not doing a good job providing positive progress and updates to 'negate the h8' on here, but you must realize only sharing criticism is as convincing as only igniting empty optimism. Regurgitating the bloated share structure or the yield sign on every post: everyone can see that on OTC. It's not insight.
"We've MAXED OUT OUR SHARES! THE STOP IS COMING! 2019 WE'RE SHOOTING NORTH! PPS TO THE MOON. MERGER NEWS DROPPING! MERGER DOOMED!"
It's all the same hootenanny without company updates.
Today marks the one year Anniversary of our official (and Financial) commitment to CANN10. It would be great to see a release today on the continuation or culmination of that partnership that we've been hearing about since 4/20 of this year.
https://www.otcmarkets.com/stock/BLDV/news/BLDV-Acquires-25-of-Cann10-North-America-Holdings-Ltd?id=178788
If the one lone variable that is the cause of all our failures is the CEO, then all the clamor on here, as well as our saving grace (beyond immediate endless millions of dollars), should be expander governance and decision making for a public ticker like ours.
The way I see our current predicament and what has transpired (I'm completely talking out my butt and can't prove any of this, so it's just a speculative analysis):
About two years ago when Alper took over the ticker, he started buying up small entities (subsidiaries) with associates of his and start-ups willing to be part of a public ticker shell. He was doing so to make a value proposition in the Cannabis space that had the end-to-end suite of minimal-risk services in a highly volatile and uncertain regulatory and international environment that is barely legal. Starting off by take on toxic debt to run a grow-operation was the high-risk, high-reward play. And he seems to be a lower risk player, which may still be a positive for us. His strength in my opinion, is the network of people he knows in NA and Israel that have been waiting for cannabis to legalize. That and staying up to date with ever-changing regulations.
So, instead of going for a quick, but toxic $2M loan from a private investor who wants 40% of his business to build a small grow facility, he has offered the sort of services that require minimal inventory and capital but still allow for room to growth. I.E. Consulting, import/export of technologies from a 3rd party, construction and project management services, etc. And he's doing so in the emerging markets / start up space where people who want to jump on the cannabis $$ bandwagon quickly realize they desperately need help navigating the law and business landscape that is ever changing. I mean look at the fierce competition in New Jersey alone from last night's announcement! 140 people (not counting the hundreds other 300-page applications that got denied for even submission) and only 6 gets a license!!!
So after a couple years of networking, consulting and conferences-we appear to have found a larger entity that can be our ticket for the future: we have a ticker, they have the name, experience and backing we need to latch on to.
My guess is CANN10 agreed to enter the North American market and raise funds by going public, but they wanted all the ancillary junk out of the ticker to make space for their efforts. So-all the MPT, Bot Bakery, and probably Cannabis Clean soon-gone. It seems that now-the ticker shell is emptied and ready to be occupied with CANN10, but they may have various legal and international issues with the import/export ban still holding up CANN10's ability to move real goods across to Canada or US. So outside the Merger, we are just building a platform of going to States where Medical MJ is legal and helping people set up shop and lock in folks lucrative consulting/franchising deals that, when ready, we can equip them with CANN10 merchandise, technology, recipes and plants. And perhaps some of them will in turn allow for equity positions by a player like CANN10 to get into them, and in return contribute to this talked about PPM they want to raise.
I know that's a lot, and it is very difficult to convey all points and thoughts of what I'm perceiving is happening, and it's certainly not explaining the silence and run-around we get when we change directions or fail at something, but that is my personal take on the last couple years and what's happening with our stock.
Short story long-if we can finally get a leader or additional governance that has experience generating money to go along with the network Alper has in North America, that would be our key to success.
BLDV seems to operate with NDAs more often than not, as they are very discreet about any interesting details until public announcements are made.
Fortunately or unfortunately, that may or may not, mean something or nothing. Without the name of who we represented, it's a complete guess until: 1) tomorrow, if we did win, Josh will certainly say something; 2) until it's brushed under the rug if we lost and Josh moves on from the subject without addressing it; 3) we don't hear from a specific PR, but one of the I-hubbers gets a hold of him through email or Facebook, and he responds and addresses the subject. That's my take.
I think we're reaching here. They (BLDV) , I'm assuming, had an NDA with their client, so I don't know how or why the consulting company that was filling out the application would be included. Might be worth reading each application to confirm though-I think they're out on the site. But until we know who BLDV represented, it's grasping at air.
Hold your ponies-that may or may not be the case. We don't actually know which company BLDV represented in their application, since that was never made public. So we still don't actually know whether our client is or isn't one of the 6 selected. BLDV was not the applicant itself, analogous to what happened in Virginia. I'd assume we hear from Josh tomorrow if ours is, indeed, one of the 6. And unfortunately, based on precedence, I assume we won't hear anything on the subject of our client lost lol. May be worth for Yogi someone to send another email his way though.
Yogi-any word from Josh? Were you able to follow up with him on the hold up of an update? Were you able to reach out / get a hold of him?
Yogi-can you follow up with him once more on when we can expect to hear about any of this and when a call (if it's happening) will take place? If it's going to be 'on or around Dec 5th', people need to be able to plan around these things with some notice and the 5th is in 48 hours.
Yogi-It's about time (if you could) to follow up with Josh. Too many events have taken place, to much time has passed since the last PR, too much price had dropped and too little significant development communicated. I don't even know where to start, but I'd like him to provide updates on anything HE feels is going to keep shareholders from continuing to sell, as well as what and when can we expect to see on the books beyond $30k in petty cash.
I don't think that's been made public yet.
The other big success indicator is going to be who gets the New Jersey license, which may be announced towards the end of next week if I recall. From what was written about that application process, there was way more competition than in Virginia-so if our client in NJ gets that license as well, it will be really telling of just how much influence Israeli product lines are sought after here and a BIG momentum boost.
Where are you getting this information from?
They obviously aren't the same thing. Yossi is CEO, as well as CEO of the parent, which makes sense that he is the chief officer of this start up entity until the merger goes through, while Josh runs the day to day being closer geographically to all the operations. With Yossi being based in Israel and Josh in Canada & US, this makes sense.
Josh never claimed to be CEO-only managing director of CANN10 NA. Now we know there's a CEO and it's a separate position than Managing Director-I consider that good news. More support and involvement from the parent company shows it's investment of time and resources, which is significant for a small venture like BLDV.
Yogi-since you seem to have the magic touch with getting a response out of Josh, would you please follow up with the following questions and see if we can get an update:
1) the Merger-any sense of time frame we can anticipate to hear about it? The second pushback was supposed to be by the time of the CannX Conference, and now that's in the past as well.
2) the first officially-audited quarter is completed. When can we anticipate to see the audited Financials?
3) how many completed, audited quarters need to occur before we can become SEC Reporting?
4) what are the main developments/news from the conference that took place? Any new deals or partnerships in discussions? Key takeaways?
5) now that Recreational Cannabis is legal in Canada, when can we anticipate Canadian insurance to start becoming a major factor in the Medical Cannabis space?
6) can you give us an idea of how many employees fall under the BLDV umbrella currently and how many will be added as part of the Merger with CANN10?
Thanks in advance!
Why did we get the 3rd of 3 stickied notes deleted again? Mods-please readd the new publication from 2 days ago. And you can take off the QG sticky since Alper disclosed that the Build-to-lease projects in Canada and Michigan are on hold.
It certainly can. If Dharma's committed to some licensing and technology arrangements though us, the word and consequent demand through their peers, connections and market overall can spread like wildfire. And with the pockets that deep and businesses so established, we best believe they've got some connections. The mere notion of 'hey, did you hear these guys are gonna be working with a new GMP product line and technology from Israel? What's that all about-lets look into it" can generate new clientelle and partnerships for us.
Who took off the sticky with the recent announcement of the Bristol application win?? Regardless, obviously sticky it back on today please. This is the most recent piece of publication of this Ticker and certainly meaningful for a new investor to see.
Let me dredge up a relevant quote here from a couple months ago: "Imo Dharma/BLDV's chances seem slim-to-none against an experienced, deep pocketed, global power house like these guys...". Skip forward a couple months and Nostradamus' foresight must have gotten a little blurry.
Based on the comment though, I'm trying to determine what's more of a factor here: BLDV/CANN10 is more experienced, orr more deep-pocketed, or a pending global power house that let our little turd sweep the blobbering trolls of competition with deep pockets and all that experience behind them and consequently allowed for this application win.. we must have duped all of Bristol!! -_-
I'm not encouraging or even stating an opinion on an R/S here, but laying out the pros and cons of the dillemma that leadership may face when deliberating next steps with a diluted Share Structure. Ultimately, in our case we have a ticker that's been cleaned out of a bunch of junky, non-contributing subsidiaries-so now it's just a matter of addressing the share count (from the share structure perspective only). The more we can clean this up, the likelier our odds of passing audits, becoming SEC Reporting and ultimately Uplisting.
Omission #1: What an R/S ALSO allows to finally happen is for shares to soar more than two ticks upon an announcement of news! And two ticks is just an example I use that took place at the original announcement of the potential merger on 4/20/18. 200 million shares traded - two ticks up from .0007 to .0009 at the close of business. Everyone keeps bringing up these stocks like OWCP or something like that with ties to Israel that soared to Nirvana with $3 or $1 per share, but what no one seems to mention is they only had like 200 or 300 million shares outstanding. There's a lot more demand and upwards pressure per share as soon as something is announced and it propels the PPS up with velocity! With 5 billion shares, the propulsion is so much weaker! We hardly moved half a penny last year, moved about 8-10 ticks when the news of the QG build was announced on GlobeWire, and so on. Misleading assumption #1: your scenario of a major dump is predicated on a company continuing to flounder with nothing happening. I.e. something that's no longer a going concern with no more activity, news, or development. That's obviously not the case here. We're not making bank yet, but we're development stage Company with major ties to one of Israel's key players in Cannabis. A 10-1 for split (misleading assumption #2 - no one mentioned a 100-1 split. Only 10-1). Would bring us back in about 560 million shares and allow for much more growth per share upon actual developments, which is what everyone here ultimately yearns for. Quit misleading people with constant impeding Judgement Day.