Livewire Ergogenics Inc (LVVV)

[gcmbrokers]

When the sector and market retreat, pennies come under a lot of fire. When things are good it's all about wild exuberation, but when things retreat people start looking at things like balance sheets, cash and dilution. We all have to step back and ask ourselves of LVVV:

Can they survive the cash bleed?
What is the real value of assets?
Value of good will?
Value of contracts and accounts receivable?
Liquidation value?

With LVVV, seeing the Coachella operation fall off the map with no explanation to the shareholders, and no progress updates there either. No decipherable progress with the BCC license, no state license yet-it paints a bad picture in a sector that is already under a lot of downward pressure.

To be fair-a lot of things can and will unfold going forward that can rocket the price, but the share price today reflects a bad sector, a terrible broader market and a 100-yard hurdle race where just about every hurdle has been delayed or stumbled upon. Now, Bill is at the mercy of the legislative process, but if I were running things I would make every waking day about getting deals struck with distribution and future clone sales. I reached out to Bill to see about assisting with sales and he bailed me.

My original matrix of 200 stocks now sees only 24 companies green in the nearly 2 years I began tracked them. Only 9 are up 200% or more. Many are down 60-80%. There will be few survivors in the long run, and many of them have far more resources to throw at their endeavors. The cost to entry in this sector is not zero, and without a non-toxic source of funds even the best ideas will languish.

Let's see where we go from here and Happy Holidays everyone.