i_dont_know
2 weeks ago
Yeah humor is the most important attitude here, unfortunately. Damn this thing is cooked, burnt, and scraped off the pan. At the end of the day, Harold (RIP) and Sport were right all along. Shame on me for thinking otherwise. Lesson learned. Looks like you and I are the last ones standing here, and I can’t wait to see which one of us gets to turn off the lights at the end. Such a shame how it all turned out—especially when you look back at the old posts. Cheers to us fools.
i_dont_know
2 weeks ago
Well, what a shame it’s come to this.
I get it. Really, I do. But let’s be honest—this market has completely lost faith in BLPG. Maybe there’s something going on behind the scenes that we’re not privy to, but from the outside, it’s not looking good.
Driving cash back and forth? That’s not a business model—it’s a dated side hustle. The real missed opportunity here was failing to pivot to compliance and software solutions, especially when Hypur literally handed them a roadmap. Instead of innovation, they doubled down on armored trucks. What is this, 1998?
And then there’s Colorado. Oh boy. BLPG’s reputation there is… less than stellar, to put it kindly. Maybe it’s time they considered leaving the state entirely. Why stick around in a market that doesn’t respect you?
Now, here we are, watching the company shuffle towards its final phase with Oldie Dan at the helm. And the long-term loyal shareholders? Kicked to the curb, disillusioned, and selling out. Can you blame them? This is what happens when management acts like shareholders don’t matter. No shareholder meetings, no calls, zero communication. It’s like the company decided it could just ignore investors entirely—and guess what? Investors are now voting with their feet.
Let’s be real: the current business model is doomed, with or without outside capital. The writing’s been on the wall for a while now, but arrogance and complacency have only hastened the inevitable.
i_dont_know
2 weeks ago
Hello again,
had some time over the weekend to mull over BLPG and why they’re not exactly setting the world on fire. After thinking it through, I believe the main issue is that many potential investors likely see BLPG’s business model as a ticking time bomb. Let’s be honest: if the SAFE Banking Act passes and cannabis gets rescheduled, their core operations might not exist in two or three years. BLPG really needs to address this head-on.
They’re hiring, sure—but only in the armed driver category, the one area that’s probably going to vanish first in a post-rescheduling world. Why double down on a sinking ship? It’s like they’re rearranging deck chairs on the Titanic while ignoring the lifeboats altogether.
Then there’s the financials. Shrinking revenues and rising costs—not exactly the stuff of strong performance. Yet somehow, Dan still labeled it as a “strong third-quarter performance.” Really, Dan? “Strong” is doing some heavy lifting there. And while we’re on the topic, how could he not highlight in the PR that all the convertible notes from Hypur Ventures were finally paid off? That’s actually newsworthy, but instead, we get fluff. A missed opportunity.
Revenue growth continues to be the elephant in the room, and BLPG’s complete lack of marketing isn’t helping. It’s like they’re hoping customers will just stumble across their services by accident. Meanwhile, the cannabis market itself is, frankly, in a terrible state. Even with federal reform, I’m struggling to see any real upside for this industry. It’s a far cry from the glory days when cannabis was “sexy.” Unlike tech, there’s nothing inherently exciting about this market anymore. If people want to smoke weed, they’ll just grow a few plants in their backyard. Where’s the business case for producers, growers, compliance officers, or, for that matter, BLPG? The stock performance of MJ companies tells the whole story. Investors are not buying the dream anymore—literally.
I made the mistake of going down memory lane and revisited some StockTwits posts from 2021. Oh, those were the days! Pumpers like Delarc, Canadian Jennifer, and all the glorious cross-references to OTC trash like AABB, PHIL, HMBL, or OZSC. It was entertaining, like a time capsule of misplaced optimism and false hope. BLPG had the momentum, the chatter, and, dare I say, a spark of potential. Fast forward to now, and we’re stuck at 5 cents, just like back in 2019. Déjà vu, anyone?
At this point, BLPG might need a complete rebrand to shed its “questionable” OTC image. Maybe add an uplisting to QB or QX while jumping into the OTC Cannabis Basket index to rekindle some interest. That might help, but right now, it feels like we’re all sitting around waiting for Dan to retire, crossing our fingers that his successor doesn’t somehow manage to be worse. Not exactly inspiring stuff.
No wonder we’re stuck in this endless purgatory. The market doesn’t believe in BLPG, and frankly, it’s hard to argue with the sentiment.
Thoughts? Or are we all just here for the 5-cent nostalgia trip?
i_dont_know
3 weeks ago
The reduction of liabilities is always a positive step since it eases the burden of interest expenses on the company’s results, especially when it comes to toxic financing like the Hypur convertibles. However, what good is reducing debt if there’s no clear business case in sight? Current and prospective investors are left completely in the dark, uncertain about the company’s direction. What are BLPG’s plans? Where is this company headed if the SAFER Banking Act is implemented? And what happens if it isn’t? What’s the plan for the CEO succession? These are critical questions that need to be addressed, or it’s game over.
Too much trust has already been lost, as rightly pointed out by Bio. Even long-term investors like Bio and Allenc are selling now. I recently received feedback from a company representative, or more specifically their lawyer, stating that the fiduciary duty of management “does not include maintaining or enhancing shareholder value and ensuring transparent and consistent communication with the public and shareholders.” While this may be legally correct under Nevada law (specifically referencing 78.138), it completely undermines the trust of loyal, long-term shareholders like us.
Looking at the current financials (negative equity), BLPG won’t be able to secure loans from banks to fund its operations. At the same time, the stock price has been so severely damaged that raising capital through the equity markets is also extremely limited. At present, the company has about 6 million shares available for issuance at $0.05 per share—this amounts to a mere $300,000. I don’t see how this prepares BLPG for the future.
Moreover, BLPG desperately needs to improve communication—not just with shareholders, but also with customers—through multiple channels such as marketing, social media, and investor relations. Transparent, proactive, and consistent communication can rebuild trust and re-engage long-term stakeholders. Without this, the company risks alienating its most loyal supporters and losing credibility in the broader market.
BLPG and Dan need to wake up now, or the 50 employees might as well start polishing their résumés. The only way forward is through clear strategy, decisive leadership, and effective, transparent communication across all fronts.
pos_stock_hoarder
3 weeks ago
I got this from my Fidelity Alerts. Finally a good PR!
Blue Line Protection Group Strengthens Financial Position with Significant Liability Reduction
BY GlobeNewswire
— 10:30 AM ET 11/26/2024
Denver, CO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Blue Line Protection Group Inc. (BLPG) is proud to announce a major milestone in improving our financial position with the payoff of $535,000 in notes associated with Hypur Ventures L.P. This achievement reflects our ongoing commitment to strengthening our balance sheet and highlights the company’s positive trajectory.
We remain dedicated to delivering exceptional service to our clients across Colorado, Arizona, New Mexico, and Nevada. With continued profitability and a strong third-quarter performance, Blue Line is on track for a robust finish in 2024.
For questions or more information contact:
Dan Allen
Blue Line Protection Group, Inc. (BLPG)
844-5576
Image: https://www.globenewswire.com/newsroom/ti?nf=OTI5MDMyNCM2NjExODgyIzUwMDA2NTA0NA==
Image: https://ml.globenewswire.com/media/NWZlY2Q3ZmUtNDJjOC00ZWFkLWFmOGYtZWNmNjgxMzgyMzk5LTUwMDA2NTA0NA==/tiny/Blue-Line-Protection-Group-Inc.png
Image: Primary Logo
Source: Blue Line Protection Group, Inc. (BLPG)
i_dont_know
3 weeks ago
Yes, I saw the 8-K as well, but only today since it didn’t show up in the news ticker. I did take note of it positively, hypur is history now, but I’m still very suspicious about the revenue decline and the massive increase in general expenses. If I were to add more here, it would be next year at the earliest. There’s no rush for now, as the next crucial information for me will come with the 10-K in April. Until then, more investors will likely get worn out.
i_dont_know
4 weeks ago
Good to know you’re still here. With 8,250,000 shares outstanding, the 5% filing threshold would be at around 412,500 shares—so you’re getting close. If it drops near a penny, adding more could definitely be a good move—I agree we’re heavily undervalued.
That said, it doesn’t really matter if we think it’s undervalued; the market has to decide, and right now, BLPG is about as unappealing as it gets. Part of that is the MJ sector, but a big chunk is thanks to the dusty old corporate leadership with Dan and Doyle at the helm. Honestly, I’ll only get my hopes up when they’re gone, and the replacement isn’t some scam artist typical of the OTC world. Ideally, it’d be Decker or the Controller stepping in.
As for Dan, I’m betting he’ll bow out when his options expire in September 2027—that’d put him at 75 years old. Until then, nothing’s lighting a fire under this company, so you’ll probably get your shot to buy at 1 cent. Especially since we won’t hear a peep from them until mid-April when the annual report drops—and let’s be real, the last numbers weren’t exactly inspiring.
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