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https://www.realtor.com/realestateandhomes-detail/23100-SW-192nd-Ave_Miami_FL_33170_M55338-46341
04-10-2024 new…
Someone want??
I still don't understand how it was an obvious scam. Even the CEO of Fluent said he didn't think Feldenkrais intentionally failed at growing hemp. There was nothing "cardboard cutout" about the operation. It was real with real components.
But Feldenkrais is a terrible business person with a sprinkle of shadiness thrown in. And, yes, I suppose he did deceive fluent with a few sleight of hands about his "operation." And the shareholders as well.
I don't think Feldenkrais scammed us. But I do think he fraudulently held himself out to be something it wasn't with Fluent. And he got busted for it.
I really believe that Fluent has the stronger position here. I want my money back but I would like to see Fluent win.
(1) Paragraph 4 in the Service Agreement states:Compensation and Terms: The contractor shall be paid for it's services on a per plant output basis. Output means produced. CIGN never produced a single, sell-able plant. How can you charge someone when nothing was ever produced?
(2) Contamination at the facility predates when Fluent was there. There is proof of COA's that have heavy metals in them from the hemp grown by Feldenkrais.
(3) Fluent was never truly in compliance with the Department of Health. The mortgage company prohibited the use of the facility as a medical marijuana grow operation. The contract with CIGN and the mortgage company would have made Fluent not in compliance for the growing of the plants. Fluent's lease agreement with CIGN should be voided as two lease agreements were in effect at the same time.
(4) Fluent CEO stated that he believed the hemp products he tested at the homestead facility were made from the hemp grown on site. He later learned that was not true. I believe him when he says this. I believe Feldenkrais used a sleight of hand to convince Fluent to use their facility.
Learn the lesson and move on. It was an OBVIOUS scam years ago.
Bootle, lol. Good catch, I missed that. Same old shit from MF. The man's level of incompetence never CSIS, oops I mean ceases, to amaze me.
Don't worry it will go lower....
In my opinion, Fluent has the stronger position in the lawsuit.
(1) Fluent was out of compliance the whole time with the DOH and therefore didn't have a right to grow at Homestead in the first place. Feldenkrais deceived Fluent.
(2) Feldenkrais covered up the contamination. The hemp crops before Fluent came in were contaminated and then when they did a test crop after Fluent left the hemp plants tested for contamination again.
He "claims" revenues were $454,000. From where? From his obscure websites and non-existent products? And operating expenses totaled $364,000. Really? Your operating expenses were over 75% of your revenues? Over $30,000 a month in expenses? From what? There is nothing going on!
Check out one of his websites called GetMedicated.com... If you go to where you can buy hemp water and try to purchase the product it says "one bootle".... I guess the spelling of bottle correctly isn't important.
But goodwill is $11,000,000 in tangible and intangible net assets? Really?
Never says a peep about raising the authorized shares to 10 billion again.
Well it took longer than expected, I admit, but I did call it. Welcome to trips. And guess who was lucky enough to snag some. Rinse and repeat. Play the play, trade the trade and know what you own even if it's garbage.
I didn't say you agreed. In fact, if I recall correctly, you said several times through out the past years what I posted.
I was just pointing my opinions out and not really directing them towards your post.
But I will disagree with you that I can not see his point of view at all on what I posted. If, in fact, he believed the opposite of what I said then he needs to get out of this industry and find spiritual guidance on how to run a business.
I know what he's doing. I've said it before. He is banking on winning the $18 million dollars and using it to "start over." It's all he's got.
My problem is will the jury believe him?
My strong opinion is that Fluent should have never been there and was in fact out of compliance with the DOH because they did not have permission to use that facility in the capacity it was used in. How can CIGN sue for breach of lease when the lease was voided from the start in my opinion?
It just doesn't make sense to me.
I didn’t say I agreed, but I could objectively see his pov. I also would’ve expected continuity behind the scenes. Everyone who waited was instead met with another sham FINRA name change and some chat gpt PRs about weak business progress / outlooks.
Like i said before, the usa is a playground for scammers and fraudulent people/activities. In europe this would never have happened. Guess i have to fly over, take off the roof and sell the parts of the farm to get my money back.
Usa = third world country
He didn't need financing. That's a problem to me. He should have had enough to handle what he needed in the months before the CE. He wasn't building a technological device. He was selling hemp and weed. LOL
Trading has no bearing on running a business. Limited trading means nothing to me.
He should have been putting out information (PR's). The thought because there is a CE everything stops is silly to me. That right there was a big red flag to me. A real business (and a real businessman) would keep putting out information. In my eyes, no PR's because "it was pointless" means he was just trying to pump the stock. That's because he had absolutely nothing going on.
He is a terrible business person.
And the fact that he upped the A/S to 10 billion again and did not put that in his financial report is a huge red flag. He still says A/S is 5 billion.
I've actually been very objectively critical even back in spring 2021. So much so, that I got reported by the pie-in-the-sky folks on ST and my account got revoked. I've been very hopeful all throughout CE because we were "stuck" and I understood financing, limited trading outside US, and not really wanting to put out much.with no real audience and was looking forward to coming out with almost 3 years of gameplan to execute and free trading. Now, we're back to the sleight of hand with name change, more details on lawsuits, etc. that it's almost laughable how poorly this whole thing is managed. I should've cashed out 100% instead of 50% back in the mult-penny days.
It makes me happy to see you and others (on ST) becoming critical of this guy.
I was wondering when it was going to happen.
I like to think the lawsuit with Fluent broke the camels back. Along with all the information on Feldenkrais, the run down farm, and the non existent "product." Then the new lawsuit with GEM Containers and how he stole money.
It makes me happy as well that the word is out and people are telling other cannabis growers to stay clear.
I mean 4 years of him taking this shell over and you have accomplished nothing. Lies, boasts, shoddy websites and terrible communication. I've had enough.
You can't be a good person and lie to investors to extract money.
Just look at all of the acquisitions that were a related party transaction and the related party is Feldenkrais. That is a scammer.
IG
Happy 5 months of no CE and almost 5 months since name change request filed. Proving to be inept regardless of being "in jail" here. Sad story continuing.
As much as I am negative here (and will continue to be), I don't believe Feldenkrais in anyway is a scammer still. And I think at the core of his being, he is a good person.
I've seen him write texts saying "Happy Fathers Day" to the CEO of Fluent. I mean, does that really spell out a bad person?
I truly believe that Feldenkrais wanted to run a successful cannabis company. The problem is, he is a terrible businessman from what we've seen with a little bit of shadiness sprinkled in.
With that said, I'm sincerely not convinced that we won't ever see this over a penny again someday. Just because someone at first seems like a bad businessman doesn't mean he can't turn it around.
As for the lawsuit with Fluent; I am not sure who will win. Technically, Fluent should have never been there due to a prohibition of leasing to a marijuana grower. But then again, did Fluent not uphold there end of maintaining the facility? But then again, was the contamination always there and CIGN's fault? I haven't come to my final conclusion on who seems in the right.
As for the lawsuit with Global Equipment & Manufacturing; This is just terrible that Feldenkrais won't give him the money back. Theft is theft. This looks very poorly on him. Another notch in the "bad businessman" I suppose.
At the end of the day, I believe, he ruined his name and reputation in the cannabis field. But that doesn't mean it's permanent.
Best of luck.
Yeah, we are never seeing over a penny again here.
As of 4/9/2024, Feldenkrais is yet again in another lawsuit.
He is now being sued allegedly for the refusal of returning payment and/or the shipment of goods bought by Global Equipment & Manufacturing for three (3) modified refrigerator containers from Can-It Industries.
I guess he can't even sell Can-It Pods honestly to people apparently.
There is an email attached to the complaint as evidence of correspondence between the president of Global Equipment & Manufacturing to Feldenkrais demanding a refund of payment for the containers never shipped.
The last line of the email states, "Do the right thing Mike and pay me back the money you rightfully owe me."
This is getting sad.
I think everyone should read the documents (depositions) from the lawsuit. What great insight into this whole "business."
They never had any big sales when they started growing hemp. Just "little" ones apparently. Too much hemp on the market apparently.
The farm is done. It hasn't been operational for years. After Fluent left, they tried to grow a test crop of hemp. It was contaminated. That was the last of the farm.
This guy apparently was in negotiations with a company called Cookies Florida (very big name MMJ grower out of California) to grow cannabis at the facility about a year go. However, it appears that an associate from Fluent reached out to an associate of Cookies Florida and told them not to do business with Michael. Called him a "shady Miami actor." LOL
I mean, the track record is there.
I would assume by now most honest, hard-working and prosperous growers would not want to do business there.
There is a post on Stocktwits that someone said "It also isn't true that all mortgage companies have to approve marijuana facility use in all instances."
I have no earthly idea what they are talking about. They clearly did not read nor listen to the depositions of Michael Feldenkrais or Teresita Otero (the corporate representative) from TNT Real Property (the mortgage company).
It was clearly stated (said in court) that TNT Real Property testified that Feldenkrais had never notified them he leased the property to Fluent to grow marijuana AND that it had remained steadfast about the mortgages prohibition against growing marijuana as well as refusing to remove the prohibition when Feldenkrais proposed subleasing the facility to a grower of medical marijuana.
How much clearly does that get? It was an illegal act.
Then this person goes on to say,"Obviously no one here is privy to the specifics of the mortgage (but they are public through the local recorder in my state) so jumping to such a bearish conclusion is anything but objective."
CIGN is suing Fluent for breach of the leasing contract but in turn CIGN breached the contract by having a lease agreement in the first place with Fluent!
How can Fluent's lease at the same time there was a mortgage contract that prohibited a lease with a medical marijuana grower with CIGN be valid?
The damages stated by Feldenkrais never made much sense to me.
$1.6 million in damages but looking for $18 million? It always seemed high as he was looking to score so he could pay off the mortgage and get rid of the prohibition.
It was also always strange that he kept putting up the greenhouse for sale.
1. Drior investigation with FBI
2. Fluent lawsuit on contamination
3. Got a loan that said he couldn't grow medical marijuana in the structure he mortgaged but did it anyways
4. Hired a company called "Karma snacks" that apparently "failed" at delivering so he stopped using them
5. Failed the U-Pick Hemp weekend thing
6. Failed farm
7. Failed restaurant
8. Said the hemp water would be in 5,000 stores - never happened - dead product
9. Said 20-40 million in revenue with hemp the first year - never happened - dead product
10. Said he changed the name 3 years ago - that was a lie
11. Said he was growing 6 years prior to getting this ticker - couldn't even get a good batch of hemp to grow LOL
12. Said he used his own hemp for products - that was a lie - he was buying from a third party
Tell me again what exactly garbage is?
Correction: It was not the landlord... but mortgage that prohibited it.
More like 5 months now. Almost a half a year without anything since the removal of the CE.
What's even worse, according to the Fluent lawsuit, is he never had permission to grow any medical marijuana in that structure from the landlord. It was strictly forbidden.
I'm not so sure about him, this "company" or this lawsuit anymore.
Close to 6 months (a half a year already) and you produce nothing? Really?
He ruined his reputation not only in the stock market but also with a huge producer of medical cannabis. Who would even work with him? And this is going to be a "cannabis biotech?"
When a 60-day (on average) name change process is going on 4 months, it's time to start seeing it as a pie in the sky.
Someone must have needed that penny selling 8 shares!!!!!
This is what happens when you have 0 operations and dilute to keep things afloat. 30 million dumped down 30% in the first 45 minutes. That's half of the 60MM shares that were added last week.
CATV. Something is brewing. Up 30 percent. Just the beginning.
Posting news? It's been 5 months since the CE came off. Nothing more than a "fluff" PR about a "pivot."
He's been doing nothing for 9 years!
The guy couldn't grow his own hemp. But he's going to manage and run a cannabis biotech? And a medical mushroom biotech? LOL
I hope for your sake there is a quick run. Get out is right.
I want the name change to happen because maybe he will start posting news and we will find out once and for all what the plan is. I’m tired of looking at this in my account tbh. Give me a quick run and I’m out.
The name change is real. I have it on my Schwab account as well. It would have to be approved in order to start showing up. Not sure about this "daily list" thing.
Although I do have to agree with Iglow on one thing, the name change is really nothing.
I mean, for someone who claimed the company was running for 6 years prior to this "reverse merger" here, I would have to say the buzz around the "name change" really shouldn't be a big talking point. LOL
I don't know what is more funnier.... the crappy name or the fact that this "company" has been running for "9 years" and not a single thing has ever really been produced. At least with consistency.
Yet, the local cannabis/vape shops in town are doing extremely well. LOL
I know what he is doing though. He's banking on the lawsuit for money. He's got nothing going on and nowhere to turn. If he wins (which I am not so convinced) then he will get some money to "do things."
After all, who in their right mind would give a guy money to grow anything when he is tied up in a lawsuit on contamination at his site. Never mind the fact he has NEVER done anything as a "CEO."
Thanks for the update, bro! There are about 4 or more screenshots of Schwab showing the new name. Again, thank you for taking the time and chiming in to a two + week old message!
The broker won't change the name until it is on the Daily List. And you seem to be the only one where a new name is showing on your account.
"02/26/2024 4:59:01 PM
Name change showing on Schwab. Should see on FINRA daily list tomorrow."
That didn't workout very well.
A name and symbol change takes at most 4 weeks - unless there are bigger problems. I did a cursory look and didn't see any problems.
IG
I have never understood the giddiness about a name and symbol change.
It is like putting lipstick on a pig - after the lipstick CATV is still a pig. Same insiders - nothing has changed but the name.
IG
Any name change would also automatically reflect on ihub in lockstep with any FINRA update. As of today there’s no record of it on FINRA daily list.
Lets keep the stock around here for the next 3 months please!
I’d suspect it will update soon.
Still showing the old name on my Schwab account!!
Name change showing on Schwab. Should see on FINRA daily list tomorrow.
I only care about option 1.
Sentencing hearing for defendant(s) Svorai and Taieb has been rescheduled for June 27, 2024
I’m fully giving MF a chance, hence why I’m holding my last 50% of shares. However, I’m more in a position of “what have you done for me lately?” The answer to that is nothing. Sure, there are some things in the works, as there always has been, but what has been successful? The answer to that is, again, nothing.
I’m optimistic, or I wouldn’t be here. I’m also going to be very cautious going forward and probably sell more than half if this ever runs again. I see .015-.02 happening again this year, but Michael needs to do something. Anything. He can’t preach transparency, then sneak an AS increase into a name change amendment, and then not say a single peep about it. Let’s see what happens.
They are all full of regrets. That’s why they’re mad. They need to control their emotions
If most here now feel MF is a load of Baloney....and this is all a scam.....does anyone have an opinion on how high the next run can go, with all of the shares, etc.?
Will all of the shares kill any run??....or can this go to .01-.02?? Even though silence....what if MF actually has done a lot of very positive work during the CE..... and we all may be very pleasantly surprised with some LEGITIMATE moves he has made with the new biotech?? We all know this started out as a disaster....but how can anyone know for sure, during the years of silence.....that MF hasn't been working to make CATV a BIG success?? How can anyone be sure it's all a scam, because of poor business sense?? If everyone is getting out.....let's hope the next run will be a good one!!....and go above .01-.05+++!!!!! The odds are very poor in favor of MF and CATV....but I'm still trying to be a little positive and hopeful!! Won't MF want a big run to dump a TON of shares?! Good luck to us all!!
The shadiness already started the moment he took over this shell 3 years ago and Svorai was caught red handed at the same time.
Remember the "5,000 stores for hemp water and 20-40 million in revenue with hemp?" All nonsense.
It's been one thing after another here.
At some point you have to tilt your head slightly and squint.
An FBI investigation, contamination at your grow operation, the re-increase of billions of shares, the "failed" ideas, the "pivot" to a "cannabis biotech" after 3 years of nothing....
If this guy was so good at cannabis like he said he was.... how do you get here?
Already being a bit shady. I can't wait to exit this on the next little pump.
From PR: "Addressing Financing Challenges with Transparency: Recognizing the financial challenges associated with capital requirements, we wish to assure you of our proactive endeavors to explore avenues for raising capital. The forthcoming release of our 2023 yearly financials will offer a comprehensive overview of our financial situation, underscoring our commitment to transparency and ensuring that you are well-informed."
Well, that sounds about right.
I'm glad you used the word "sneakily."
....... it won't be the last time we use that word with this "business."
Just wait for the amount of shares that haven't dropped. It will be staggering. I mean there's a reason you have to increase it another 5 billion.
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