Livewire Ergogenics Inc (LVVV)

[jrf30]

I think it is GREAT to compare where we are today to back then ...

<<
From the 2012 10k

Sales $148,034
General and administrative costs $1,605,766

Cash and cash equivalents $2,110
Total assets $68,947
Total liabilities $959,976

At .03 per share the company is valued at over $2,000,000, assuming no additional shares were issued since end of 2012. Ask yourself a question. If you had the money, would you pay $2mil for this company??>>

Nope. But now?

<<
During the nine months that ended September 30, 2022, revenues amounted to $1,250,351,>>

Ten times back then. For 9 months.

Assets an liabilities? You showed how bad it was in 2013. And it was! Now? Asserts are NOT $69K, and liabilities do NOT come in at 15X assets. IN fact ...

<<At the end of September 30, 2022, assets increased to $5,672,255, an increase of $1,151,378 compared to December 30, 2021. Our assets exceeded our liabilities by $1,512,470.>>

Almost 100 times the assets! And still growing. Again, just at 9 months, not the end of year.

<< We expect this trend to increase for Q4 of 2022 and even further during 2023.>>

Making a profit now too, for more than 1 quarter in a row.

<<Profit (Loss) from Operations. For the nine months ended September 30, 2022, net profit was $245,911 >>

Not close to $2 million in losses like back then. Infinitely better net profits. Quite the change. All that, and the company is now valued at $8 million, instead of $2 million. Only 4 times more in value, for 100 times more assets and 10 times more revenue and a POSITIVE earnings.

Do I think it was worth $2 million back then? Nope. It was overvalued, IMHO
Do I think it is worth $8 million now? Nope. It is UNDERvalued now, IMHO

So although I didn't own it in 2013, I DO own it now, and since Bill is saying things will be better in 2023, I shall hold on.

Oh, and with these changes, it actually has a PE now. About 40. Which is pretty decent, and if 2023 comes in significantly higher, as I think it WILL, that PE will contract. Although in reality, the price should rise, and the PE shall hopefully go even higher. I'd love to see it "overvalued" again in the future. I'd even sell it if it get there. But that's a LOT higher than where it is right now. SO for now I own it. Thanks to the poster who showed this from the past. it shows how much the company has accomplished, and how little it really has gone up in value compared to that progress.