Indiva Ltd NDVAF

3.5 Cents

[Duster340]

could be a bargain if the selling is done. last time there was a big selloff the stock dropped to 2 cents and then recovered to a high of 12.5 cents not that long ago.

[nedstar71]

Doubtful the selling is done.  High probability those were more tweed shares selling at the 3.5 bid today and they have 34 million shares to go.  No idea why they are selling but rest assured, to them half a cent or a penny a share doesn't make much difference.  They seem to be hitting whatever bids show up within reason.  If it continues, 2 cents or lower isn't out of

[nedstar71]

Further to this, the June 13th deadline may have something to do with them needng to have some sort of clarity and plan in place when mailing out voting proxies, management information circular etc for the AGM which should be in July.  Worth noting Auxly, also trading at 3.5 cents recently sent out their voting proxies which included the request to approve a 1 for 50 consolidation.  I

[carlp727]

What a clown...nice scare tactic...lol...1 for 50...lol...ndva 194 million,  XLY 1.2 billion...brush up on your math my friend..lol

[nedstar71]

How many 3.5 cent shares does it take to extinguish just half the debt? Almost 300 million.  Add that to the 194 million and you're at half a billion.  I just don't see much point in doing a reverse split without getting the share price above a dollar.  This penny stuff just reinforces the notion that these stocks are a joke.  But you may be right, a 1 for 50 may be a

[carlp727]

Lol....who in the right mind would take 300 million shares for debt then only to see a 1 for 10 or 1 for 20 split..if that idiot whats to throw money away have them send it to me please...lol

[nedstar71]

Someone who wants to own more than half of the company and understands that actual share numbers are meaningless, it's the piece of the pie that counts? You actually believe that someone owning over half the company wouldn't rather have a share price of $1.75 vs 3.5 cents?  Get your mind out out tiny retail investor and into the mind of a big player.  Share count is irrelevant in

[carlp727]

Lol....yup let's give half the company away at .035....you need to stick to amateur hour....watch what happens next week my rookie friend...but l do hope you are grabbing all you can before the announcement...cheers

[nedstar71]

Lol obviously I don't expect them to actually give away half the company at .035, or would hope it wouldn't come to that, just running some numbers and scenarios.  You still running with that 40-50 cent buyout rumour you tried to get started?  Speaking of amateur hour....at least it wasn't the $1.25-1.50 you called for back in January....lol.

[Duster340]

poor ned you missed out on the cheap shares last time when sundial was unloading, and you did not have the balz to buy then so why are you here now? 

[nedstar71]

You got me.  I missed out.  Thankfully I didn't miss blowing out my entire overweight position on the very day, Feb 16 2021, when SNDL was buying. Poor me indeed. Why am I here now?  To discuss the stock an what's happening.  I've followed this story for many years and it's very interesting right now. I have no problem admitting I have no idea how this will turn

[nedstar71]

Had to laugh at this post again when I looked at carl's posting history.  Before he came here and started the 40-50 cent buyout rumour his last and basically only posting this year was on a stock ticker VEGA.  Had a share price of about 2 or 3 cents and a share count of 34 million. Carl was pumping it hard.  Then they decided to do a 1 for 34 share consolidation (reduced from a

[carlp727]

Hmmmm....hey clown/rookie...bought 3,000,000 @ a average of .015..45,0000...then a 1 for 34 left me with 88,235....sold most for average of 1.13.. .nice profit of over 40,000... How was your past 2 weeks...lol

[nedstar71]

Lol of course you did!  If only there was enough volume at those prices to make that possible.  Too funny bro.  We'll all be counting on the 40-50 cent here buyout for sure.  You sound like someone who would definitely be privy to those rumours.  A 1 for 34 r/s on a company with less than a million dollar cap and it was your big winner. Freaking AWESOME bro ! 

[Clintcoin]

Although Indiva currently has negative equity, it recently experienced its best month ever in April 2024 and is recognized as Canada’s leading edible producer. With ongoing legalization efforts in the US and globally, and considering that Canada’s edible market is still in its infancy, there is significant potential for Indiva. Larger companies in the marijuana industry may look to expand into