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@MMA - sadly I think the impact of signing the UFC and AJ deals may have been greater if they had been held off until after the main market listing and that really should be the main priority now
Kn0wles the main market listing is pretty much what all of us are waiting on.
Aquis and the warrants are the anchors holding us back. If we get the main market listing, then it should... inshallah help everything else fall into place and let this company go to the big time.
All of the shiny stuff like the UFC and AJ wont be as effective if we dont have the market visibility and liquidity needed. Especially with the ambitious global expansion plan.
Podcast with Zak Mir and Andrew Male (29/07/21), "rapid growth coming from Eurpope and America". Hopefully now that we are making profofits we can grow organicly and a move to the LSE main market should give more liquidity to help with teh share price and as poker chips mentioned clear out the remaining warrents.
https://audioboom.com/posts/7914215-trader-s-cafe-with-zak-mir-andrew-male-chairman-love-hemp
10 August 2021
Love Hemp Group PLC
("Love Hemp" or the "Company")
Directorate Change
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), one of the UK's leading CBD and Hemp product suppliers, is pleased to announce the appointment of Mr James Ward as a Non-Executive Director of the Company with immediate effect. In conjunction with Mr Ward's appointment, Mr Kevin Ernest is stepping down from his role on the Board effective immediately.
Mr Ward is an accomplished entrepreneurial accountant who sold his professional services business, Whale Rock, to Capita plc (FTSE100) in 2012. He has significant advisory and transaction experience in both public and private markets. Mr Ward's current portfolio of roles includes acting as Independent Non-Executive Director of Visum Technologies plc, H&P Group Ltd, Corporate Modelling Services Ltd & Stanhope Gate Architecture Ltd. He holds a number of advisory roles to technology companies.
Andrew Male, Chairman of Love Hemp Group commented: "I would like to thank Kevin for his support and guidance in helping Love Hemp achieve the success it has to date. We wish him well for his future endeavours.
"I'm delighted to welcome James Ward to the Board of Love Hemp Group. His experience and network in the City and internationally are invaluable for the Company's move to the main market and overall growth strategy."
Save as set out below, there is no further information regarding James Ward that is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook
SP is low because a 1p warrant holder has been dumping shares for months, that has been a slow and painful process because the lack of volume or liquidity in this share means they can only dump a few blocks of 100-200k per day at present. Knowledge of that puts people off buying which hurts the SP. The shares are traded on Aquis at present and although more brokers are adding this share until recently very few brokers would let you, I believe AJ Bell added them last week? IG dot com still dont offer Love Hemp and as for all those free trade apps like 212 or free trade? Forget it you cannot buy. More people who buy, better the liquidity the higher the SP goes, and the warrants can be flushed out all the quicker and with sellers out the SP will bounce significantly.
Why will moving to the main market listing increase the share price?
Also forgot to add "Love Hemp is planning a move to the LSE Main Market." this should also see a signifcant move in the share price once we move to the main market as investors see this as a more viable trading platform. happy days ahead.
Love Hemp's upcoming partnerships should see a big rise in sales and profits in the coming year, Amazon store should see significant sales and make the brand and products more readily available wordwide. I can see a big increase in growth within the next couple of years as people realise the benefits of CBD products both for health and cosmetic purposes. We are aleady the UK's number one brand and winners of multiple awards with fantastic promotional partners with the UFC and Anthony Joshua who is also a share holder.
Quote from below article, cant see these low prices for much longer:
"The US CBD market is considerably larger than the UK and will therefore be transformational for Love Hemp. Our growth strategy puts us on a trajectory to at least double our revenue in FY22.”
https://www.standard.co.uk/business/love-hemp-full-year-revenues-soar-growing-interest-cbd-b947871.html
It all sounds really good...I just hope they aren't trying to do too much at the same time...
"six countries over the next 6 months, and this would be across Europe, North America, Asia and Australasia " is certainly ambitious.... North America itself is a big enough job to handle !!!
Good morale booster there Boba, I know it's not good to live in an echo chamber, but I'm taking the long view on Love Hemp and aligning position with their road map.
I knew buying in at this early stage was always a gamble, but if Dana white sees value in a promotional partnership, then I see that as a bug bonus. I also believe in and use the products, so I know it's not snake oil. I also foresee the CBD sector growing significantly as people realise it's benefits and that it's not psychoactive.
As I keep seeing, there are other boards where people have been bag holding for years, but they kept the faith and kept averaging in...and they are now looking at a life changing sum in their portfolio. The flip side is failure to deliver and cash burn leads to more placing and dilution, making for long suffering PIs. That's when people lose faith and sell out.
Let's hope Love Hemp can stay on track!
I'm staying. If I lose my investment I can live with it.
I have enough of a stake here to make an exceptional return, but not enough to lose the farm over it.
All the best!
Good spread here: https://wp-world-high-life-2019.s3.eu-west-2.amazonaws.com/media/2021/08/05112757/BF88-Love-Hemp-Bro-s.pdf
https://twitter.com/lovehempgroup/status/1423573269387558918?s=20
Success seems to be coming Love Hemp’s way, with the
company planning a launch in the US imminently, alongside an additional four countries by the end of the year.
“We plan to operate local language websites and local distribution, in at least six countries over the next 6 months, and this would be across Europe, North America, Asia and Australasia,” Calamita says. “Three to five years from now we’re fully intent on being one of the global leaders in the CBD space. We have huge ambitions for the company.”
The UFC is an example of how serious Love Hemp is, but it is also a sign of what the company hopes to become.
“We’ve positioned ourselves as a lifestyle brand. We’re going to build our stake into music, fashion, art, and sport,” Calamita says. “We’re looking for similar level partnerships to UFC across all different lifestyles and demographics.”
1p is very,very unlikely ..IMO....I am looking at 2p being about the bottom and next week being about the end of it all
Their profit is ..an average of all the sales ...some sold at high price..some sold at low price....they know that..and aim for an average over the whole sell period..
If indeed they have been forward selling warrants...then there will be more dilution to report ( up to max 10% ? )as the warrants do then finally get converted to newly issued shares that they have forward sold.....
The shares being dumped are from warrants I am 99% sure. So they will buy the shares from Love Hemp at 1p and are selling to the MM, currently north of 2p for a 100% profit. Whilst there is nothing to prevent the sp going 1p or lower it would be absolutely ******ed for a warrant holder to sell for 0.9p and buy it back from Love Hemp at 1p. They also have to pay a brokers commission, then there is the time/effort/administration. As you approach 1p it becomes less worthwhile to sell.
Is it worthwhile to them to sell at 2p? Yes. 1.5p? Probably. 1.1p? I'd say not.
So long answer short, I find it incredibly unlikely we get anywhere near 1p,either the warrants run out or they stop as sp drops to let price recover as they are not stupid and don't want to give them away for zero profit.
If we do I'll buy that dip and then refuse to look at my portfolio again until next year!
could we see 1p by the end of the month?
Real shame someone did not proof read or run some quality control before hitting publish lol!
I know, it's like short selling but I guess it's not as bad because they have the guarantee of the shares in paper format so there is zero chance of not being able to settle the balance.
Also worth noting here, I blame myself for not picking up on the warrants before buying in, but really you can't blame the warrant holders for selling, they would be stupid to let them expire and not take the zero risk 200% profit.
Finally, they were issued in several chunks, IMO not all will be converted and dumped, some holders are going to hold for the higer prices we all know are coming.
Of course it also doesn't help that you are in effect doing a 1p fund raise ..without the usual fund raise costs
you don't exactly raise much money selling shares at a miserable...1p a piece
Thanks Hemo, excellent post....
You know the question...what's the catch?
I guess it was the warrants!
JHFH,
Excellent post
....it is a disgrace that anyone should be allowed to "forward sell"
..I cant get my head around being able to sell shares that haven't even been created yet and that you have not paid for yet ....
It is if they can sell the shares and then with the money received pay 1p each for them, have them created and then keep the profit...
How is that even possible within a rule book??
27 January 2021 - 56,620,600 warrants @1p issued
3 February 2021 - 46,700,000 warrants @1p issued
3 November 2020 - 38,114,285 warrants @1p issued
Gives you a total of 141,434,885 issued
On 14 April 2021 notifications from warrant holders to exercise warrants over 10,100,000 which brings it close to the 132M figure quoted, I THINK there are more 1p warrants that were created technically by way of the share division in the 10 for 1 split that occured a while ago and the corresponding difference would tie into the disparity here.
Then on 17 May 2021 notifications from warrant holders to exercise warrants over 34,814,285 shares, I cannot see this has been factored into the figure at all so I suspect the website is off by 35mil or so shares. Since then we are 3 months from the last exercise, warrant holders dont convert then sell, they sell then convert. If they converted 100m warrants into shares THEN went on to sell the SP would tank the second the RNS landed and they run the risk of being stuck trying to clear the shares for years. Added to which you would have to TR1 your holding at that size. I would say there is every likelyhood that these recent share sells have been warrants, starting many months ago, all forward selling and all with zero risk or cost to the warrant holder who has pocketed minimum 1.2p per share sold pure profit.
Between 14th April and 17th May it looks like they were able to forward sell 34m shares, and if you look at the charts the volume that month was insane, its no wonder they took advantage of the hype, the media attention and focus and cleared so many. Since then volume is down and as a result SP has been dropping with the selling, but once they started there is zero indication that they stopped.
I think the figure on the website should be 97,320,600 and then from that we should deduct all the forward sold but as of yet un-exercised warrant shares. Did they manage to keep dumping 30m a month? 25m a month?
I think they are done, either for good or just for now, should be a notification for warrant exercise in the coming day and its either going to be all or a significant chunk of the outstanding 1p warrants.
roleybirkin
we have debated about how up to date that 132m figure is......there has been some RNS which have announced the exchange of warrants for shares ...so...there has been warrant conversions ..
Just what the actual number of 1p warrants left is...up for debate.....132m still left..does seem ..high
132,134,885 warrants, each entitling the holder to subscribe for 1 ordinary share in the Company at a price of 1p per share
That is listed on the Love Hemp main site under Investor relations.
And 2.5m shares have been sold in 100k or larger trades in the last 5 working days, but nothing to suggest they are warrants?
Going by the last trading update, they raised 10million, how much of that is left is unknown. They do need to act quickly though. I dont like the title sucker stock!
I always knew this would the kind of hold that could make the palms get sweaty... not sure when these damn warrant holders will be done.