Ventura Cannabis and Wellness Corp CVHIF

Management won't let this company go.....

[brentski99]

When they see how easily it can be manipulated, how tightly they have control, have a large amount of shareholders required for uplisting and at the same time have them handcuffed so they cannot dump their shares. This is a potential gold mine waiting in limbo to be mined. Any potential creditors can take a hike because their isn't an attachable asset to be had or an attorney that would take the case as their is no chance of getting paid. All the bad stuff will cease to exist.

[BigDaddy13]

How do you see this playing out Brent? 

[brentski99]

A new listing on TSX-V maybe or a possible move up to the elite level of Pink sheets whatever they call that now. After the smoke clears, a higher price level maintained around .50. Which most of us cannot sell into as Canadians by the way. Then an equity raised based on a new direction or old direction for the company as the cannabis market legalizes under Biden-Harris. Of course nothing happens

[BigDaddy13]

But would we in this outcome ever get possession of shares again? 

[BigDaddy13]

Brent I just wanna know when and how we would have possession of our shares again, this is what makes me the most curious 

[dileas48s]

Big, you should still have your "old" VCAN shares, they should appear as CVHIF.PK shares. If you mean your VIBE shares, what I understand is that you will receive a letter(s) in the next few weeks that describes the number of shares you will receive.  Furthermore, I believe I will use that letter to have a conversation with my broker, in my case Scotia iTrade, who will then help

[brentski99]

Get a USA mailing address with utility bill in your name. Then open an account with an american broker. Or go offshore, that might still work. 

[BigDaddy13]

So unless I do this, even if something miraculous happens to this shell we won't have access to them? 

[Michael4444]

My understanding is, that we are all hoping the shell will be bought, and then floated on an exchange, under the new product.  The assumption is that our current share holdings will be part of that transaction.  All we can do is wait and see!  On a slightly different note - are we not supposed to receive some cash remuneration as part of the VIBE transaction?  If that is the

[dileas48s]

Just to clarify: 1)  the record date is clearly established for the first and second tranche of shares.  Selling your shares now will in no way affect your VIBE shares 2) The only cash component, that may, or may not be coming, is after all is said and done, and any collectibles were realized, there may be some cash yet to be distributed.  For that distribution you must

[BubbaNeedsMoney]

Yes, what dileas48s said.... So I only see share from the first trenche pending in my account. Still no sign of anything from the second one. Does anyone else have VIBE shares in their account yet? Where or how can we trade our old VCAN shares?

[dileas48s]

I have yet to receive any shares or the letters.  Only stockholders with a US mailing address are able to trade the stock.  I think, generally, you would also need a separate brokerage account (not the one that is already established with a Canadian mailing address)  but I don't know for sure. That can complicate matters if your shares are in a TFSA or RSP.

[TheProphetElijah]

Looks like someone is trying to get some for .022 cents but will have to ante up to .30

[brentski99]

You think correct. Butit can be done except for registered accounts. I am counting on that changing down the road some day. Cannabis 2.0 hasn't even really gotten underway yet imho. This new administration will have very positive affect I am sure but just give it time. Heath will probably get us back into the pot business again when the smoke clears. afterall, he is a pothead.

[TheProphetElijah]

Hopefully they decide on something else.  Too many in the MJ sector, unless there's a private company looking to go public AND has a compelling story or niche.  Otherwise it's just another MJ'er. 

[TheProphetElijah]

high of .08 today, moving up slowly but surely.

[BigDaddy13]

I'm very very curious to hear about what you guys think plausible outcomes could be.. realistic outcomes!