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Yes they'll take anything that's not nailed down.. quite mercenary. Surely this can't be doing them any good...
https://www.stockopedia.com/share-prices/love-hemp-OFEX:LIFE/cash_flow/
I dont have premium access.
MCAP now down to £17.83m..... market for buyers looks dry and the sellers are taking whatever offer they get.... blimey!!
Anyone keeping track on how much cash LIFE is now sitting on ?
Agree the longer it stays like this, the longer we have to top up at discount prices, but at the same time I wouldn't be disappointed to see the seller finished and out. If the SP crept up just a touch I'd still call it a bargain.
I agree - the selling is almost certainly 98% warrants - and 132m at 1p suggests that there is likely some way to go yet.
Just keep tucking shares away at 2.6p and lower.
The company is now valued at £20.314m and that seems on the cheap side.
The seller had at one point 100m+ warrants for 1p all with an expiry date, personally surprised they have not finished yet but i guess its hard to weed out the warrant sells from traders who have run out of patience. Its probably safe to assume most are gone, ideally we would want them all gone before significant news such as Amazon listing or Main Market listing but if the numbers are low enough they will be fine. Personally I wish they would just rip off the band-aid, dump what they have remaining and let us move up. Really just wish there was a way to know exactly how many remain to be forward sold.
Seller/s are relentless.
And frustratingly seem to have no level?
At a glance this morning we appear to be getting a few more buys coming in now, perhaps word is getting out... the seller is still there, but the flow has decreased.
Not to get to distracted with short term price action, but would be nice to see a small move up as we get closer to Autumn.
MMA_Hemp
If the ADR's trade well then the broker should be confident to buy more shares from the UK to then sell more ADR's ....but often the ADR's are only available for a limited number of brokers and you have to order via the broker ..you dont buy online ...hence OTC .."over the counter "
Hopefully the ADR's get bought as part of an ETF fund .....you tend to get noticed when the ADR price pops up on the "top 50" lists etc ...that is when the exposure comes... kind of "leader boards "
Thanks Pokerchips, very helpful. Good to know, learn something new every day. Similar situation for Coinsilium which is Aquis and OTC, but they tend to get more traffic for some some reason.
LIFE showing blue on HL, but red here. Be good when we can finally get an accurate picture of the current SP.
" Do they get much action on the OTC? As they are quite UK oriented I wonder if the LH is on the radar in the US."
US buyers usually buy ADR's of a foreign share which they pay for in Dollars.....the ADR's trade on the OTC and dont have that much effect on the UK share price market ...... Usually some US broker buys a set amount of shares and then sells ADR's in them.....so the US investor isnt exactly buying shares from the UK pot of shares ..the broker is the one who would normally be bulk buying the shares
Agree with you Pokerchips... still in the growth stage, we wont be profitable with all the planned expansion, but they are certainly aiming high and the expansion plan is ambitious.
Mamba has a pint about them being most traded...almost all sells every day but they do seem to be drying up. Normally there would be a churn, but Aquis seems to be holding them back. Do they get much action on the OTC? As they are quite UK oriented I wonder if the LH is on the radar in the US.
I'm going to stick around..I have built a position I am comfortable with, probably worth forgetting about it until we get another update.
According to CEO the stock is one of the most traded in Aquis. The problem is that it is mostly sells. Good progress but it seems not enough to call the attention of new investors. The LSE listing seems to be in early stages. I am out.
https://www.youtube.com/watch?v=k0mu8HIZ8Pg
" at least some comment about whether the company is trading at a profit"
They wont be profitable yet...a lot of investments going into the business....new manufacturing unit, costs of preparing for listing, costs of preparing International expansion etc etc.... so cash burn from the fund raises ...but...spent to grow the business in the future
" For the six-month period ended 31 December 2020 the Group reported a pre-tax loss of £962,171"
*great to hear
"In addition to growth in the UK market, we have spent the year preparing for our launch into new geographies, including the US."
That is the most interesting bit...and with the funds raised it would be great to here how close they are to any launch .....
I think this might be why the UFC promotion has dropped off slightly...maybe they want to 'bring the rain' once all the revenue streams are set up..speculation on my part there.
I assume main market listing will occur when everything else is in place. That's how I would go about it. Want to create that buzz around the company prior to listing.
They are noticeable by their absence from the Amazon... let's see if they can sort out all of this admin and get the co where it needs to be. Generally I am heartened by this TU and after a rather nervous quiet period I am happy to bag hold for now, but they cant keep letting things slip...becomes death by a thousand cuts and competition will move in.
Some nice positive numbers but I would have liked to see some reference to profitability. Increased revenue is meaningless on it's own - at least some comment about whether the company is trading at a profit would have been welcome.
Yes, great update & clearly gaining traction across all sales channels.
I’m perfectly happy Amazon will come online with LoveHemp Q1 2022, we should be comfortably listed on The Main Market by then.
A lot to look forward to here, liquidity is tight so expect some big moves as peeps try to acquire stock.
Amazon going online will significantly lift up the Revenue. The company management has been saying for months that this is imminent, yet it’s been further delayed. This is extremely disappointing and doesn’t reflect well on the management.
The rest of the TU is good news as expected.
This will keep getting battered until they move away from Aquis and get this Standard List
Just the link to the RNS:
https://polaris.brighterir.com/public/world_high_life/news/rns_widget_home/story/wklq5dx
That's literally all you took from that update? You didn't see the Boots and HB progress updates or sales figures? Yes, we all want Amazon but there is so much good to report that it's disingenuous to just pull out the only negative.
Great update! I agree with your take on this, far more positives here. Fantastic growth and increase in sales. CBD doesn't tend to be a one-off purchase, so hopefully this leads to more long-term repeat buyers. With the new marketing team in place I expect even bigger things as we move into '22.
Amazon, delayed again :(
Excellent trading update, with good revenue growth and plans for future sales marketing in 2022 combined with new sales channels both online and in store and starting to target overseas markets should result in further significant growth. Now lets start to see the share price move north!