Oversold Cannabis Stock on strong watch
This is not investment advise, always refer to an investment professional and only risk money you can afford to lose!
LVVV – LiveWire Ergonenics has been on a strong run since late last year and is now approaching an oversold technical position and may offer a very good trade opportunity.
Why I like LVVV:
CEO Bill Hodson has been appointed to the action committee for the Inland Empire Chapter of NORML and has connections with Congressman Dana Rohbacher.
LiveWire has recently obtained a Cannabis Cultivation permit from the city of Coachella California
LiveWire is creating a completely secure system for cannabis compliance and dosage verification system that will run on Blockchain technology with Leon Fleyshman as Senior Advisor
From this years Share Holder update:
Based on the current outlook and subject to reaching the milestones below in a timely manner, LiveWire expects to be cashflow positive during 2018:
• Acquire and/or enter into joint ventures with licensed nurseries, cultivators, delivery services and dispensaries.
• Continue debt reduction with the goal of being debt-free in 2018.
• Secure additional cultivation agreements with non-profit mutual benefit corporations.
• Contract with licensed cultivators and set up on-site operations under exclusive agreements.
• Reach full engagement in the value-chain from seed to sale.
• Enter agreements with select medical experts and universities to embark on strain specific research for certain medical ailments with a large sufferer population.
• Establish and obtain intellectual property protection for the 7X Pure Dosage & Verification system to be licensed to the industry.
• Acquire a state license.
• Acquire permits for local cultivation facilities in different California municipalities.
• Establish and market the model for LiveWire campuses populated with turn-key growing facilities for licensed clients.
• Finalize LOI’s with additional cultivators.
• Expand legal and financial consultants to expedite implementation of business plan.
• Solidify share structure to create increasing shareholder value.
https://www.otcmarkets.com/stock/LVVV/news/story?e&id=976419
Also an attractive share structure for a penny stock
Authorized Shares 1,489,000,000 03/12/2018
Outstanding Shares 720,603,876 03/12/2018
Restricted 220,601,990 03/12/2018
Unrestricted 500,001,886 03/12/2018
Held at DTC 478,483,726 03/12/2018
For all these reasons I find LVVV to have a very attractive story and think there should be upside from these levels. After 3 red candles LVVV closed at .0391 today. Located in California it is operating in the largest MJ market in the world. I’m watching closely to get some shares as the chart approaches oversold territory.
LVVV has news this morning . Perfect timing with the chart. Maybe some action today. time will tell
https://ih.advfn.com/p.php?pid=nmona&article=76988362&symbol=LVVV