Waves70
4 months ago
Update, and still trying to see if funds put into High Times will amount to anything for us. It sounds like it is still possible; but I don't understand the details enough to know. Reading LSDI's (Lucy Scientific) SEC filings, it says they entered into an agreement with High Times 9/7/23 with Closing to be mid September '23 or the Outside Closing Date 9/30/23. It also says both parties can extend the Closing. There haven't been updated filings to show the Closing, or any more recent Reports that address the Acquisition. In Lucy's reports, it indicated in 2023 that they announced an Acquisition in March 2023 and later added a note about Closing that Acquisition in June 2023, about 3 months later. The HT Announcement was about 4 months ago, so it appears we are waiting on news of the Closing. We may have to wait for another Quarterly Report by Lucy to get any update. A subsequent Acquisition by Lucy of BlueSky Wellness announced shortly after the HT Announcement also has not had an update about any Closing. So we will have to wait for future filings to see if the HT deal does close. If it does, then we can wait and see if it amounts to anything for us HT (supposed?) shareholders.
Waves70
6 months ago
Here is a great article, asking great questions and explaining things in simple terms. One, the deal may not even happen. Two, High Times is in Receivership already, and the deal would need to be approved. No news on that front. Three, according to the article, regular shareholders' (us) shares have already been devalued down to $0.05 per share. OK back to being screwed. Even if the Lucy deal does happen, sounds like we will get pennies on the dollar moving forward. Read the short article here: https://cedclinic.com/lucy-scientific-mum-on-high-times-deal/
Waves70
6 months ago
I'm not so sure yet Scout. EQ only had 1 of 3 purchases of stock I made. They said it was up to High Times to fix it. HT did eventually email me back saying they showed all 3 purchases of stock. So I am sure there is a record, and you should document your purchase for your own records. I have HT emails with mine. This was probably a year ago, not recently. Also, I've gone back and read press releases and what Ed58 posted seems to have been said more than once, also that it would "create liquidity for HT shareholders." I don't have reason yet to think our shares are gone. If the company HTHC High Times Holding Company still exists, then we still own shares. And if we own shares and HTHC receives cash and assets, etc. we should receive something, from what I can see. However, I don't know the deep details of the transaction. LSDI bought assets and is giving HT (HTHC? they have tons of entities) cash and stock. I wouldn't say we are out of luck yet.
Waves70
2 years ago
Stock transfer update. EQ does list Hightimes Holding Co. in their list of companies. I called 2x for 45 mins and had to leave a message. They said it is due to tax season that it is so busy. They finally did call me back, and they said they need to send me information in the mail, not email, to create an online account with them. They also had the wrong address for me from old V Stock. V Stock had 2 accounts for me under 1 login. I had updated my mailing address with them, but I'm sure there was a glitch and they transferred the old address. I think eventually EQ and HT would get around to notifying shareholders, but it would be prudent to call EQ or email them (leave a call back message) and request the account info you'll need to create an online account. Also make sure your address and contact info is up to date. It sounded like they were not taking any more investments for HTHC at this time, but that is not sure. The interim CEO of HTHC sounds legit and is a founder, shareholder, or whatever. I'm sure they'll look for someone else. Anyway, the shit-show continues...
Waves70
2 years ago
It would be a complete waste of time, so is emailing them. They do not answer anything. They have not put out shareholder emails since March of 2021, coming up on a year. They have not filed financials fully since 2018. They will not be able to do anything with stock until their financials are up to date. They are intentionally sitting on their financials, knowing the massive debt will sink their supposed "stock" price.
We all "donated" money to this scam, not invested. They last extended their Reg A offering to January 31sr, 2022, which is very near. Watch, in a day or two, they will file to extend further; or, they will pull the plug.
Oh.....Peter Horvath, most current CEO, still listed on the HT website, is no longer with the company, according to his LinkedIn profile as of this month, January 2022. He was most recently associated with another unsuccessful cannabis venture, not a savior of companies. Another one bites the dust!
How the SEC has not cracked down on this scam is beyond me. How can they get away with putting on video and in writing that, "this is the final extension of the Reg A offering," and "we will be going public?" How can HT continue taking investor money, when the SEC says they must stop, unless it is not really theirs yet and is being held by the 3rd party custodian? If that is the case, it would seem the custodian could return the money. If not, and HT has received and spent the money, wouldn't that be a massive violation of the SEC's stop order?
Anyone more knowledgeable please post.