Vibe Growth Corp C.VIBE

CIBC - Strange Reporting of VIBE Pricing

[Michael4444]

I was wondering if anyone else had noticed, that CIBC were showing the wrong closing price for VIBE, e.g. this morning my accounts show VIBE at $1.10 (down $0.10).  Obviously wrong.  This has been happening for a number of weeks, so I reported it. It was checked, and verified (by a puzzled agent), who will forward the query to the back office.  It corrects once the market has opened.

[Bgptr1234]

I think they are just showing the current bid as is done on my TD

[Michael4444]

A possibility - but the current bid is $1.18 not $1.10.

[Jamesedgar1]

I noticed TD had the closing bid at $1.10 for the last couple of days which wasn't correct. The current bid does show at $1.18 so it will be interesting to see what the bid shows overnight...

[Jamesedgar1]

The same thing happened this morning, Vibe share price showed $1.10 as the closing price. Have to contact TD about 2nd tranche and will ask them about this too.

[Michael4444]

Same with me at CIBC.  I still have not had an answer back from them.  It is curious that you have the same thing at TD.

[Jamesedgar1]

Spoke with TD about the continual $1.10 close price and he said there are a few stocks that do the same thing, he actually has a different one in his portfolio that does the same thing and he found out from his supervisor its the reporting system used for these shares but they do revert to the actual bid price at the open. STRANGE.... Also checked on the second tranche and was told the back office

[Michael4444]

It is so weird that different brokerages are at such different stages.  At CIBC I have not only received both tranches, but exercised them, and received the shares (which are tradable).  I still have the October shares that are still restricted until May 9th (I think).

[Bgptr1234]

I am the same with my CIBC but still in the dark at TD and of course TD was my largest VCAN holding

[TheProphetElijah]

My RBC is all good with both tranches, even labelled when warrants expire and when restriction is lifted on shares.  Only 2 shares off from what Bubba calculated for us. Since the sector has been in correction mode last 3 months it might buck a down trend in the general markets if that were to happen come May.  We're at a tricky juncture now for those thinking about selling.  I

[Michael4444]

I bought another 5K today @ $1.10.  I have confidence this will be a climber until it is taken out.

[TheProphetElijah]

Any price target in mind?

[Michael4444]

I think between $2.50 and $3.00 by this time next year.

[dileas48s]

I sure wouldn't mind that!  What's the thesis behind a > 100% increase?  How are you anticipating the revenue goes up to support this share price? 1) Greenfield stores? 2) Acquiring stores? 3) Increased store traffic? One and two are going to require capital, and or debt, and or dilution, all of which would have a negative impact on the share price. How many stores

[Michael4444]

Firstly - I am not a financial guru (just a retail investor).  I believe that my target pricing is conservative, considering we have seen a 670% SP increase over the past 12-months.  With Mark at the helm, the latest (great) financials, $2.4M cash (and manageable debt), 7 stores, and an EBITDA of $2.58M;  I am happy to keep buying.  The US cannabis market (especially California

[TheProphetElijah]

Even with your conservartive estimate that's still a 400-500% gain for VCAN shareholders. A Nasdaq listing would be nice, look at Mindmed's share price jump after the announcement.