InvestorsHub Logo
Followers 860
Posts 28265
Boards Moderated 1
Alias Born 03/16/2014

Re: swim post# 33652

Tuesday, 04/16/2019 6:13:07 PM

Tuesday, April 16, 2019 6:13:07 PM

Post# of 62070
There are always lots of people who sell at the bottom

VATE has bottomed numerous times over the past several years and every single time it has experienced a very large reversal

The November bottoming also took place around the .03 level on pretty high volume, and then VATE went on an explosive run of 8 consecutive green days on far higher volume and wound up at .07

For all of the criticism Medico has received, he has positioned VATE to be one of the top stocks in the entire cannabis sector moving forward in 2019 by:

Getting VATE uplisted to the QB

Retiring nearly all of the convertible debt

Having the best selling line of Hemp Coffee and Hemp Tea on Amazon

Very good year over year annual revenue growth (2018 vs 2017)

Vastly improving Elev8 Hemp’s social media presence

And now today we get the first glimpse of 1 out of 3 new websites they are launching and it looks very, very good — not quite as amazing as their Coffee in a Can, but that is a ridiculously high bar — but make no mistake, https://elev8hemp.com is now ready for showtime, and just in time for the big dance

And of course, the biggest event in VATE’s history in terms of revenue growth and shareholder interest moving forward in 2019 — launching 2 separate lines of expertly formulated and very aesthetically packaged CBD-infused beverages

With conservative guidance of $1M+ in 2019 revenues as well — from VATE’s approximately $100,000 quarterly revenue, they would need to average $300,000 over the next 3 quarters to meet that target

Real companies don’t launch products overnight and they certainly don’t launch them prematurely

As far as I can tell, Medico is in this for the long run and also wants VATE to grow very rapidly in 2019

Why else would he do a launch of 60,000 units for the very 1st run?

That conservatively equates to about $120,000 — most likely higher as the direct to consumer price is $3-$4 per unit, whereas the wholesale price is closer to $2 per unit

The size of this 1st run compares very favorably to what we’ve seen the other CBD Beverage stocks produce on their 1st run

In fact, the size of this 1st run compares very favorably to what some of those stocks did in their entire 1st year of selling CBD-infused beverages

Perhaps that’s why Medico is “taking so much time” before launching these CBD-infused beverage product lines?

For those amongst us who like to deal in facts


Sleek
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BLEG News