Ventura Cannabis and Wellness Corp CVHIF

Shares

[TheProphetElijah]

Does anyone see Vibe shares in their account?  What about warrants will these show?  I've never had warrants before.

[dileas48s]

I expect it will take no less than one to two weeks for the shares / warrants to show. I have owned warrants in the past, but not for shares, they were for a debinture offering. Those warrants could be traded just like shares.  It was hard to value those.  In our case, assuming the warrants will be tradable, their value will be very easy to identify as they will basically be worth

[TheProphetElijah]

Is the 6 month hold still in effect on the shares - or has this changed? The chart is looking quite good on Vibe, $7m+ rev next Q on 3 stores is impressive, they seem to have a winning formula.  With another 3 stores in the pipeline + the assets we sold them for nothing this can really start to move fast.  Especially if Biden wins tomorrow.

[BigDaddy13]

I think .7's is a target easy attainable this week with vibe that bid is rising and being more and more aggressive 

[TheProphetElijah]

the float is also quite thin since mgt owns 50% of the shares.  So O/S is about 40 million: https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=VIBE-L&country=CA Nice to see some real skin in the game.

[BigDaddy13]

If this bad bot continues to grow the way it's been doing we can easily see 4 bagger from even these numbers. Especially if budden wins 

[TheProphetElijah]

Hopefully they can get analyst coverage the way PLTH has.  Makes a big difference. As for the VCAN $16 million tax loss, can a profitable company buy it for say $5 mill then use it at year end?  Simple math would say it would boost their bottom line, no? Not sure how it all works.

[lscfa]

A co. can't not just sell off its tax loss carryforwards. It has to be done through a merger with a profitable co. VCAN mgmt are idiots. "As at February 29, 2020, the Company had approximately $16,290,000 of US non-capital losses. The US non-capital loss carry forwards expire in 2040. The Canadian non-capital loss carry forwards of $5,157,000 expire between 2034 and 2040."

[TheProphetElijah]

So why doesn't another company spend $5 million to buy 37 million shares and own/merge the company?? Our mgt team must be aware of this, or made aware - why else list the capital loss in the Feb PR. This isn't an out of the ordinary practice on these types of penny plays that eventually don't go anywhere.