Sylios Corp. (fka UNGS)

[Tradeinman]

ST. PETERSBURG, FL / ACCESSWIRE / May 22, 2015 / Sylios Corp (PINKSHEETS: UNGS), a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, real estate development, equity investments and the development of products utilized for the medical and recreational marijuana industry announced today that its Board of Directors has approved an increase to its January 2011 Share Repurchase Plan.

On May 21, 2015, the Board of Directors of the Company voted, at the request of Management, and approved an increase and extension to the January 11, 2011 Share Repurchase Plan. The Company was previously authorized to repurchase up to Two Hundred Fifty Thousand No/100 Dollars ($250,000) of its common stock in the open market or in privately negotiated transactions. The Company is now authorized to repurchase up to Five Hundred Thousand and NO/100 Dollars ($500,000) for a period of two years from the date of the May 21, 2015 resolution. The repurchase program will be funded by the Company's available cash and may be commenced or suspended at any time or from time to time. The plan will continue as long as periodic management reviews determine it to be fiscally feasible and may be discontinued at any time.

Certain covenants within the Company's previously issued Convertible Notes limited the amount and timing of shares available to be purchased under the Share Repurchase Plan. Now that these Convertible Notes have been retired, the Company's options for repurchases have been expanded.

The last paragraph states that the repurchase was limited by covenants in previously issued notes and that these notes have been retired. However, it does not say which notes(they could date back to 2011), nor does it say ALL notes are retired. And the PR states that the company is authorized to purchase up to $500K in shares. It does not say they will or give any kind of timetable.

To Speculate About this UNGS Subliminal Hint…

I share your same opinion on the matter. I saw where you speculated how such makes sense because they get the machines from Artemis while getting the supply from In The Zone which leads to pure profit for UNGS (Sylios) without the manufacturing costs and other expenses that would otherwise exist. No way UNGS uses that same marijuana heart emblem which is the same marijuana heart emblem for the company called In The Zone Produce Ltd. unless they have some kind of permission to use such. This is why I believe that there is some kind of significant connection in the queue nearing to be revealed. For inquiring minds, In The Zone Produce Ltd. is a Canadian Approved Licensed Producer for Marijuana/Cannabis:
Quote:

http://www.inthezoneproduce.com/


In The Zone Produce Ltd. is listed on the Health Canada website for being only 1 of the 13 companies that were approved as an Authorized Marijuana/Cannabis License Producer (they are #5 on the list below):
Quote:


http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php



Now look very closely at the marijuana heart emblem within the In The Zone Produce Ltd. website above. Now look at the marijuana heart emblem that is on the UNGS/Sylios dispensing kiosk for Bud Bank & Med Bank:
Quote:

http://www.sylios.com/subsidiaries/bud-bank
http://www.greatercannabiscompany.com/Dispensaries.html



Now get a closer look at one of UNGS/Sylios dispensing kiosk to see the marijuana heart emblem on it to see that it 100% mirrors the exact marijuana heart emblem that is on the In The Zone Produce Ltd. website:
Quote:

http://www.greatercannabiscompany.com/Dispensaries.html



Make sure to pay particular attention to where every detailed piece of green and orange is located within the marijuana heart emblem from both companies. As for now, it’s only speculation, but I must repeat and say that no way UNGS uses that same marijuana heart emblem which is the same marijuana heart emblem for the company called In The Zone Produce Ltd. unless they have some kind of permission to use such. This is why I believe that there is some kind of significant connection in the queue nearing to be revealed.



Now look below to see how professionally done and well organized the UNGS family of websites have been done which hints of some kind of huge affiliation that is supporting the organization and growth of the company. The websites are very neat and clean.

These are some very nice looking Marijuana Vending Machines that are on the Artemis Dispensing Technologies, Inc. website that's owned by UNGS/Sylios which looks to have confirmed why they have done things the way they have chosen to get the kiosk machines to the market quicker:
Quote:

http://www.artemisvending.com/









With this UNGS Contract with Atmos RX…

This is a very positive contractual agreement between UNGS and Atmos Rx for the sale of their cannabis related accessory products. They are going to launch the GCC Superstore and projects it will have 150+ SKUs (stock keeping units) within multiple categories. Atmos Rx is a high quality company. Read again the news below and then see and read further below about the quality and products that Atmos Rx will be bringing to the table:
http://finance.yahoo.com/news/sylios-corp-retains-financial-advisor-130000247.html


http://www.atmosrx.com/AtmosNation/about-us.html

http://www.atmosrx.com/








































I think that it is important to not forget that Joint Venture (JV) with Greenscape Laboratories, Inc. (MJLB):
http://www.mjnalab.com/


I think it is also important to keep in mind the Licensing Agreement with Artemis Dispensary Technology:
Quote:

http://www.artemisvending.com/








This new UNGS/GCC website looks like something fairly good could be coming our way:
Quote:

http://www.greatercannabiscompany.com/


http://www.greatercannabiscompany.com/E-commerce.html


http://www.greatercannabiscompany.com/Dispensaries.html





(Repost from an earlier time frame, but the concept/logic still applies.)

UNGS (Sylios) vs ERBB**Compare & Contrast

Please, I have to humbly ask that anyone reading this consideration, please understand that this is in no way a knock about ERBB (American Green) and anything going on with their operations. These thoughts are not made to ”devalue” the operations of ERBB. These thoughts are to show how we could possibly ”value” the new operations of UNGS (Sylios) and show how UNGS could very possibly be significantly undervalued based on creating a ”Compare & Contrast” consideration between UNGS and a company that is utilizing the same operational concept with their kiosk machines that UNGS will be utilizing within the Marijuana/Cannabis Industry to help to be able to gage where UNGS could ”possibly” fundamentally exist to trade.

Please understand that the share price of both UNGS and ERBB will fluctuate on a regular basis. Because of this, please use the Substitution Property to substitute out any variable that might change later in the future with either of the companies such as the share price, OS, Market Cap, etc. I will create the baseline of this post from the last trading day of this past Friday, 31 Oct 2014 to create a Market Cap Analysis to Compare & Contrast:

** ERBB Share Price = .0199
** UNGS Share Price = .0003

** ERBB Outstanding Shares (OS) = 3,895,374,791
http://www.otcmarkets.com/stock/ERBB/profile
** UNGS Outstanding Shares (OS) = 1,199,796,074
http://www.otcmarkets.com/stock/UNGS/profile

Market Capital = Share Price x Outstanding Shares
** ERBB Market Cap = $77,517,958
** UNGS Market Cap = $359,939

For the purpose of this post, let’s consider a worst case scenario and guess at UNGS having an OS of 3,000,000,000 shares for the purpose of this post. I believe it is lower, but let’s go with this worst case scenario. This means below to continue with the ”Compare & Contrast” consideration:

** ERBB Outstanding Shares (OS) = 3,895,374,791
** UNGS Outstanding Shares (OS) = 3,000,000,000

** ERBB Market Cap = $77,517,958
** UNGS Market Cap = $900,000

Just by considering the above Market Capital Analysis between both ERBB and UNGS… UNGS is approximately 86 times cheaper or smaller than where ERBB exists. This means that it could be justified for UNGS to be trading 86 times higher than its current price of .0003 per share. That would approximately equate to… .025+ per share as the value for where UNGS could fundamentally exist to trade; conservatively speaking. From what I’m hearing, the company is not going to do a reverse split. This means that there are enough shares in the company's treasury of shares in its Authorized Shares (AS) kitty to secure/close future deals for added growth. Or… maybe they will do a share buyback to support the fact they believe in what they are doing to grow the company. Again, this is why I have to stress to use the Substitution Property to substitute any variable above that might change at any particular time.

In closing, to further ”Compare & Contrast”… the UNGS/Sylios kiosk machines look like they are going to be far better than the kiosk machines of ERBB (American Green). First look at the ERBB machines then look at the UNGS machines below:
Quote:

ERBB (American Green) Kiosk Machines
http://americangreen.com/american-green-to-deploy-newest-version-of-zazzz/


UNGS (Sylios) Kiosk Machines
http://www.sylios.com/subsidiaries/bud-bank
http://www.greatercannabiscompany.com/Dispensaries.html


v/r
Sterling



A couple of points: the wording on both main paragraphs is vague and easy to misinterpret. Also, if this was the end of all convertibles, don't you think that fact would have been a market-wide PR and the END OF CONVERTIBLES would have been the headline, rather than be buried in a PR only found on the company's website?

I agree games are being played: by the CEO and also by the usual folks that the convertible market makers bring in to help them move shares. Telltale signs are that VNDM is still here on the ask and despite over 40M shares being bought on the ask the ask total was higher at the end of the day than at the beginning.