RE:REALITY ALWAYS RULES ... AND ALWAYS WILL
Like the saying goes ... The "proof" is in the "pudding" and "BE's" quarterly financials will show the "proof" and therefore the "truth " of how she is truly making out ... and it matters not what is "implied" on the Stockhouse bullboards. You cannot "pump" a stock up ... it will go up or down on it's own merits ... as "most" already realize .
Ask yourself this ....
1) Why did "BE" fire all her previous directors right before her last quarterly financials were released ???? And why have the new directors not informed shareholders of the reason ??? What are they trying to hide ??? And why is no one else on the bullboards capable of asking these pertinent questions ????
Refresh of the board considering the BCSC allegations..... i beleave that was the right thing to do.
2) How could "BE's" deficit double from $25 million to 50 million as seen in her last quarterly financials on "Sedar" ???? And why is there no one else on the bullboards capable of asking this pertinent question ???
Look at deficit of 99% of those marijuana related stocks, they are all in a similar position than BE.
3) And why would a nice tight shared company dilute her share structure with a 7 for 1 split which now makes her a company with almost 500 million shares outstanding with a .10 cent share price and not a hope in heck of ever getting onto the Nasdaq ???
There is 2 different ways of looking at it, you can either try to jump on the big board to attract funds, institutional investors, to get your share price up.... or you could also dilute her share structure to simply attract the retail investors. Everyone knows that this sector is driven on 90% retail investors vs 10% institutional investors. if you do the math, surprisingly the odds are with BE.
It also makes it very hard to obtain future financings and if / when a financing is completed ( which they all need in order to continue growing ) ... then it dilutes her share structure even so much further !!! The dumbest thing she ever did !!!
ill have to give you that... much harder to obtain financing, however, BE signed with Alumina Partners... not that im a fan of their deal structure.... however their loan of credit is exchanged for free-trading shares..... so in that case, creating more liquidity to the float makes perfect sense considering Alumina has to liquidate those shares very quickly after each tranche to mitigate the risk. and yes, im not a fan of this type of financing deal.... but it is what it is.
Time for a 1 for 10 share consolidation and get her back down to about 50 million shares outstanding and up to a share price of $1.00 again ... and then she will be back in the "real world " once again !!!
If they would happen to consolidate their shares back to 1 for 10.... this would make BE one out of 200 other stocks that has similar structure and assets. id rather them keeping their diluted shares for the small retail investor. If your looking for a tight float theres a ton of that out in the public market.
4) Last June "BE" entered Columbia by buying a 51% stake in "Procannmed" ( as seen below ) ... a private company whom already had all her licenses. And yet not once in any of her quarterly financials since has she shown any revenue at all from this company . Funny how no one else on this bullboard asks these very pertinent questions !!!!
Now dont be so quick to judge the Columbia assets....... keep in mind we have a ton of companies that had their licenses YEARS ago in Canada, yet they arent reporting any revenues or very little, lets take the second biggest in Canada, Cronos, not this Q but last Q they reported 3.5m$ revenue.... yet they have their licenses since 2014.
Like I said .... "BE's " quarterly financials will show the "truth" ... and will show "if" they are getting better or worse ... no matter what may be "implied " on the bullboards.
Yes, Quaterly financials will certainly show the truth of the last Q however this sector is not valued based on Earnings, a quick look at Cronos and their revenues, with the latest investment from Altria...
Her EPS ( earnings per share ) right now is minus -.08 as seen below .... so hopefully that will improve and I will get back to my .115 cent "break even " buy level ... LOL !!!
TORONTO, June 21, 2018 /CNW/ - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") is pleased to announce it has acquired 51% of Procannmed S.A.S. ("Procannmed"), a privately held company that is fully licensed for the cultivation, production, extraction and distribution of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis in Colombia. The other 49% ownership was retained by the Colombian based operator ITRUST HOLDINGS S.A.S ("ITRUST"). These licenses enable the propagation of the full range of cannabis varieties and further enable Procannmed to develop a complete offering of standardized, medicinal-grade formulations.