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Might be more effective to post the questions and concerns on the company’s twitter (X). At least that puts it in front of eyes where it’s harder for Bill to hide.
A shell game is actually what it seems like at this point. Does anyone know who the primary owner of ERF is? The only paperwork I’ve seen posted or linked here had Bill’s name all over it. LVVV has a minority ownership for appearances’ sake, but I wouldn’t be surprised if Bill owns ERF and takes the overwhelming majority of the weed growing profits while just using LVVV shareholders’ money to pay for the farm and cover all the major expenses.
I may be wrong on the 19% - since Bill says ERF is our affiliate, by definition LVVV would own a minority stake that is typically between 20-50%.
Do people really believe that LVVV owns 19% of ERF but just passes on the sales revenue?
“Nah, we’re good - we own 19%, but you just keep those profits for yourselves.”
With 2 billion shares authorized, did anyone really think Bill wouldn’t sell all 2 billion shares? Unfortunately for us, that’s a given.
In what ways was it a bad product? It was the only energy product that has worked for me. What was Bill’s screwup? Not all good products make it. There’s more than enough mistakes Bill has made since LVVV became a cannabis (or real estate) company. But I have no issues with Bill regarding the energy chews, their effectiveness, and Bill getting them to market.
How did people get fleeced by Bill on the Energy Chews? It was a good product that actually worked (energy drinks do nothing for me but the chews worked). I could walk into a GNC store in a suburb in Louisiana and buy them off a display featuring NFL great Randy Moss. IMO, Bill did his job there. If they didn’t take off, I’m not laying that one at Bill’s feet. Not all good products make it.
So if LVVV doesn’t technically “sell any green”, but owns 19% of ERF, which does sell the green, do you think we just excuse ourselves from taking 19% of that profit? The big money will come when LVVV exercises that option to own the majority of ERF. At one point I thought Bill might wait until federal legalization before doing that, but we already own 100% of Makana Ola, and Makana grows, so I don’t see the holdup.
…but their subsidiaries, which they own all or part of, do. So yeah, they do.
Those horses are still running - was supposed to be a sprint but they thought it was a marathon.
I could be wrong, but my impression last year was that they applied for the licenses for the 2nd and 3rd acres , expected quick approval, and ordered plants for the 3 acres…after the delay in licensing, they were forced to put all the plants on the 1st acre - hence the tripling of the previous season’s crop. However, now that they know they have the capability, we now get triple crops on all 3 acres. I don’t see how this stock doesn’t take off this year. I’ve been here since the energy chew days and have never had more confidence.
At least there’s a website. Last time I googled them, they were virtually nonexistent.
Finally someone else understands and brings some common sense to the equation. I’m so tired of people pushing this “landlord” narrative. If LVVV owns 19% or whatever of ERF, how can people really think that when it comes to profiting off the crop, LVVV just tells ERF, “Nah, I’m good - just keep our 19% share for yourselves”?There may be a little creative bookkeeping due to the current nature of federal laws, but that profit is surely present and accounted for.
In my opinion those Reg A offerings are the main thing responsible for the share price floundering. If I recall correctly, we were climbing back to the 2 cent range when he released a big offering - that tanked us and we’ve never recovered. The moves Bill has made with the company have been solid otherwise. The companies future looks bright - one can only hope that eventually the share price reacts accordingly.
How exactly were the energy chews a sham?
Back then I could walk into a local store in a suburb in Louisiana and buy Livewire Energy chews from a display featuring NFL Hall of Famer Randy Moss. There was also advertisement at a more grass roots level, as a martial arts team my son was on was sponsored by LIvewire Energy chews, which they then promoted through a large social media presence. And while energy drinks like Red Bull never really give me a boost, the energy chews worked. Not all products become a success. But by no means was it a sham. But you already knew that.
I think it’s also worth noting that almost a billion of those outstanding shares aren’t in the public float.
Exactly…because as we all know, we are receiving a share of revenue from the harvest.
What’s your proof that we don’t? There are many factors why the share price dwindles - mainly dilution. I’ve never heard of any company that owns 19% of an affiliate but refuses to take any share of the revenue. They may do some creative book keeping because of current federal laws, but to me the notion that we don’t share in the profits from a business we partly own is utter nonsense. Some naysayer here threw the idea out there and everyone ran with it.
…and if we’re strictly landlords, why do we have an option to acquire majority stake in ERF written into the deal (just like we had AND exercised with Makana Ola)?
…so you DO think we’re growing the cannabis at Makana Ola to give away for free. Where do we line up?
I ask again, so what about Makana Ola, which we own 100%? We’re just giving that weed away?
So what about Makana Ola, which we own 100%? We’re just giving that weed away?
There have been a lot of positive moves by LVVV with more to come - what has really just killed the stock price has been the volume of low priced share offerings whenever we’ve started having a little momentum.
I still think the “triple plants” on acre 1 was accidental. They anticipated quick license approval on acres 2 & 3, committed to 3 acres’ worth of plants, and when the licenses got delayed they were forced to put all of the plants on the 1 acre. When the licenses finally got approved, no money to buy additional plants for those acres. My theory, anyway.
…and LVVV owns 19% of ERF (and eventually a majority stake), so they do grow, sell, and transport cannabis. They are just creative about how they convey that info to the public.
Does anyone REALLY believe that LVVV owns 19% of ERF but only collects rent? So ERF says, “Here’s your 19% share of our cannabis sales revenue,” and LVVV responds, “Nah, we’re good, we’re just a landlord -just keep that 19%.”
And I don’t think it will be too much longer before LVVV exercises that option for a majority stake in ERF - just like they did with ERP and Makana Ola.
I think next year will be a very profitable year for LVVV. I just hope Bill doesn’t dilute us into oblivion before that comes to fruition.
Did we ever get any confirmation that all 9 of the new licenses were showing up on the state’s website? If I remember correctly, the last word we had was that 4 of the licenses were showing.
It’s crazy that we still don’t know what’s going on with the “licensed” 2md and 3rd acres. I wonder if they really intended to plant triple the number of plants on acre 1, or if they had just committed to the purchase of that number of plants in anticipation of planting all 3 acres at the same time. Then when acres 2 and 3 got set back with the delays, they were like, “We can’t cancel the order, so we have to put these plants somewhere” and triple-planted acre 1.
I think the 2 main things hurting us right now are questions about what’s going on with the “licensed” 2nd and 3rd acres, and also the fact that Bill has released so many cheap shares that people can dump at or below .006 and still turn a profit. Dilution is the only thing that can really kill us in the long run I think. Next year we are probably looking at 140,000 sf of outdoor plants with LVVV holding full ownership of Makana Ola and majority ownership of ERF and ERP, possibly 22,000 sf of indoor plants, and hopefully federal legalization. The future still looks bright. If we are still at this level in a few weeks, I’ll be adding shares.
At least we’re moving a decent volume of shares into stronger hands.
I think the main thing missing today is a detailed account of what’s going on with the planting of acres 2 & 3.
Right, we own a majority stake in Estrella Ranch Partners, which is the real estate part of the operation.
We do not own a majority stake in Estrella River Farms, the cannabis growing end of the operation…though we do have an option to purchase a majority stake that I’m sure will be exercised in the near future.
If we own 19% of ERF, why would anyone assume we share in 0% of the profits?
And I seriously doubt Bill would just choose to not plant acres 2 and 3 if everything is in order for planting to occur.
People make the weirdest assumptions here - and I think that’s what people are talking about regarding the “pissy” attitudes. People just pull things out of thin air to complain about. There are enough legitimate things to complain about without having to make up our own.??
You the big spender with the 16 cent trade to open the day?
I’m about to dig between my sofa cushions and blow this thing wide open!
…and those numbers will multiply when LVVV acquires a majority stake in ERF.
Today is officially “any day” now.
Agreed. I don’t fault Bill for the delay. With the clones at the nursery ready to be planted, I’m sure Bill is more anxious than any of us. He’s already stated that the additional two acres requires 9 separate licenses for 10,000 sf each, and each of those 9 licenses is evaluated individually. Why does he keep saying “any day now”? Because if you’ve done your part in submitting the applications, and the average time frame for approval is 90 days or whatever, once that time frame has passed it’s reasonable to expect your approval “any day now”. Cali bireaucracy may turn that wait into a cruel running joke, but that one isn’t on Bill, who has clearly stated that he’s putting as much pressure as he can on those responsible for the approval. I have my gripes about Bill, but this one isn’t on the list.
Also, I agree with gosox12’s speculation. And I think it goes even higher than that once all acreage is up and running and sales profits are realized, because I think the approval of the licenses is the only thing holding up LVVV from exercising its option for majority of ownership of ERF.
Bill said the additional licenses have to be 9 separate licenses for 10,000 sq. ft. parcels, and each license is evaluated individually. So it’s Cali bureaucracy x9.