GREY:CVHIF - Post by User
Comment by
choices9999on May 16, 2018 3:33pm
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Post# 28041418
RE:RE:RE:RE:RE:RE:The Head Fake
RE:RE:RE:RE:RE:RE:The Head FakeDon't know brah, Luminous / TheProphet have been stating $10 by July for months now and brought up BlockChain (which the company never disclosed) and other tidbits (sneak peaks) so this might be in fact Heath caving in and perhaps slipping out info to a few investors he shouldn't have. It might explain why the SP is stabilizing at this price point and perhaps ready to rocket come July. Never thought I would say this but if things pan out, thank you Luminous / TheProphet!!
mulligan2 wrote: I admit that I found it peculiar that the company moved from a stance of ignoring all shareholder inquiries to taking the time for a fulsome conversation which included input from a Board member. My theory is that they don't have the resources to field inquiries on an ongoing basis and they also risk securities violations if their comments aren't carefully scripted and reviewed by legal. So they opted for a single call where questions could be answered and clarifications provided. They would have been well aware that the contents of the call would be shared and would hope that the initiative would deflect criticism of their lack of responsiveness.
As for the prospects of their succeeding with their 'pivot' to MJ, if anyone claims they know, you can be sure that they are conning you. But can we speculate based on reasonable assumptions? That's the purpose of this Board and I appreciate some of the informed comments that appear.
My take is that there remains room for another entrant like BLVD which has a revenue base, some bricks and mortar facilities, some money in the bank and is already listed on a stock exchange. Recall that some new entrants resort to approaching existing public companies just to get a listing without the administrative and legal costs.
I am sceptical of Mr. Heath's capacity to pull this off and that is why I viewed the particpation of Kaushal on the call as a positive sign. He has his hand in a number of companies and isn't taking time to talk to a few Convalo shareholders unless he sees potential in this shift. And he has the skills to know how to fashion an investment narrative that can capture the attention of the street as reflected in his recent move into blockchain. And, last but not least, there is the potential for massive financial gains if this firm gets traction as a new MJ entrant with a novel story attached.
Your scepticism is well-founded. But there still might be a good news story before 2018 closes.