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Aaaand their COO just got fined!
SUBJECT: NOTICE OF VIOLATION AND PROPOSED IMPOSITION OF CIVIL PENALTY -
$43,500 (NRC INVESTIGATION REPORT NO. 1-2017-017 – SOLIS TEK,
INCORPORATED)
The violations involved: (1) willful failure to obtain an NRC license authorizing distribution of
licensed material to unlicensed persons prior to beginning distribution, (2) non-willful failure to
obtain an NRC license authorizing distribution of licensed material to unlicensed persons prior to
beginning distribution, (3) non-willful failure to receive authorization to import radioactive
material into the United States by a general or specific license under the regulations in Title
10 Code of Federal Regulations (10 CFR) Part 110, prior to importing such material, and
(4) non-willful failure to submit a timely annual report for 2017 on or before January 31, 2018,
containing complete and accurate information.
Holy crap! Isn’t that just precious?
Somebody should copy all that text before the post disappears... blaming everyone but himself and then saying he’s not blaming anyone else! Lol!!
What an incompetent idiot.
Can’t wait to see the disaster of a quarterly that’s coming.
Anyone see Lien's post on IG this morning admitting company failure? He also removed the part of his bio about being CEO of $GNAL
So, I find it very strange. I saw on IG that these guys are now selling disposable distillate pens? Can this be true? No SEC filings regarding this and no press releases... wtf?? Is that allowable to just transition their business to this with no announcement to investors?
How much do you think Najarian stole before he resigned? What about Davis and Lien? I think their just crooks. Lien lined the pockets of his family the way I read it. These fools have no idea what they’re doing.
Straight up FRAUD
No doubt they are concealing material information from the public. Total radio silence. What is the cash position now? Overdrawn? I bet their quarterly filing is delayed again. Can’t wait for that... inventory down to what? No money for purchasing... too bad! Equipment industry is seeing a big resurgence, but they have all of the wrong products. WhT a joke.
The real question is: how is the price of this stock still above $.10??? This is not a $5M market cap company. They MUST be meeting with BK attorneys... can they pay their rent this month? Can they even AFFORD a bankruptcy attorney?
These girls have had every opportunity. They have wasted more cash than I can count. Malfeasance at every level. From their new CEO fiasco, to the first AZ building, to the so-called ‘facility purchase.’ They should all be personally sued for fraud. Nobody could be so stupid. It was just around a year ago that they had a cash position of $2M. They threw away every penny. They are either stupider than stupid, or somebody’s pockets got lined.
Share price down another 10%. It won’t be long now. Belly up!
LOL. This company is about 11 cents per share overvalued. Waiting for the bankruptcy filing.
Even at this price, 5 total trades today. Literally nobody wants any of this garbage company. The Asian Donkey shall be Liens new nickname.
I know - Click the link
https://giphy.com/gifs/hilarious-47Z5CrakDAxQk
I could watch this over and over - perfectly sums up their launch.
This deal is already dead
Generation Alpha Launches into the Legal U.S. Medical Cannabis Industry with the Purchase of an Arizona Property to be Used as a Cultivation and Processing Facility
Video Press Release Here:
https://giphy.com/gifs/hilarious-47Z5CrakDAxQk
YA II PN bailout on the horizon? Dead cat bounce? This stock should be at .05 already... unusual price movement/volume last couple days... this usually precedes some sort of lame announcement... who would give these guys any capital at this point? Money down the drain.
“At March 31, 2019, the Company had cash on hand in the amount of $288,586. Management estimates that the current funds on hand will be sufficient to continue operations through June 2019. The continuation of the Company as a going concern is dependent upon its ability to obtain necessary debt or equity financing to continue operations...”
And like sands through the hourglass...
.12 .11 .10 .09 ZERO!
Can we just get there already?? Such a slow and painful death. Unbelievable the market cap is still $5 mil...
Glad I could offer some entertainment on this dead board. This company, it’s CEO and COO all suck egg rolls. Piles of Chinese garbage is all it is
Look at the trades today - 1 share at the open, 75 shares on the next trade... honestly, that’s $10 worth of stock. Who is making that trade?? The commissions alone would double the cost. Smells fishy to me. Sushi trade!
Hey, 420Hope - reading all of your posts was my evening’s entertainment.. ROTFLOLOLLLL.....!!!!!! Hahahahaha
Defaulted on the AZ property already...(where’s the press release on that??)... that was a joke... out of cash... dwindling inventory... have they hired a BK attorney yet? Seems like most of this info is being concealed from investors... company has never made a profit... products are all way off the mark... so, yeah, let’s grow some weed!!! Brilliant idea!!!! They can’t even pull that off. Anybody who knows anything knows that a facility like they proposed would cost a few milli to buildout. So... they are now defaulting on all of their obligations... probably won’t be able to pay rent come August or so... shareholder lawsuit?? Good luck... nothing to recover... unless you can prove the Directors committed fraud (shouldn’t be too hard - all you need to do is compare their press releases to their SEC filings), and sue them all personally... but how much are the collective damages? Everyone who bought this stock are just rinky dink little investors... so, looks like they will skate!!! Wonder how much money they funneled out to themselves??? Are they getting kickbacks from these board members who they issued all those shares??? Whatever. They call themselves technology innovators... that alone is a fraudulent statement. They don’t design anything they sell. Just cheap Chinese carbon copies. Probably looking for another reverse merger candidate to take over the shell... that’s the only value left and it ain’t worth much. I don’t even understand how this stock is still trading where it is... should be at about .006, like PHOT. Hell, even PHOT has a brighter future than these guys... also seems like someone is coming in with small buy orders to try and support the stock price. I simply can’t imagine that anyone is actually trading or buying this stock to hold.
You suck Lien! You too Davis! Hope you go out of business soon, losers.
Looks like one useless director is gone now. Wonder how much he milked out of the company for doing absolutely nothing... Lien and Davis are useless too. Maybe they should pull the plug.
This will be a tax write off this year. This company is done. Lien is a clown and not even his mommy and daddy can save this pile of mess. All the high priced directors they’ve given shares to have produced nothing. They pulled the wool over Lien’s dumb ass and killed 80% of the stock value.
Unless they can figure out how to finance the equipment for that facility in AZ, they are toast. Other businesses (lighting and nutrients) are already toast.
Going out of business I guess. The company hires all kinds of directors who have done nothing but direct the shares into the toilet. Bunch of clowns running this circus. Idiots.
Can shareholders vote Tiffany out? She sucks and needs to be ousted. This stock has lost over 75% since her arrival. Nobody with such poor performance should keep their job. Get her out.
After going through that report, Wouldn’t be surprised if this company is done by June. Nothing but clouds on the horizon. At least they’re not hiding it. It’s too bad. I was starting to like Terpeneze, lol.
Great PR (NOT).
We remain steadfastly committed to our Solis Tek lighting division, but this purchase will make Arizona the first of hopefully many medical cannabis divisions for us in the U.S.”
Who uses "hopefully" in a PR? That translates to " we have no clue"!
Yep, and long term shareholders will bear the burden of this transaction unless Mr Liens mommy has a few million for him...
LOL. Of course they had to finance the entire purchase.
Yep. Crappy building in an a crappy industrial park. Instead of selling their crappy Chinese lights, they can use them in their warehouse someday.
There is a building but they will need to equip it.
I’ve seen this movie before with a company I follow in Massachusetts. They’ll keep giving out warrants to pay back the loan. The share price won’t move until we find out how cheap they’ll be giving shares away to their “lenders”. Why pay more today when they are all but guaranteeing the share price will fall in due time. Now they have land but will need another loan for a build out. Put your shares in the sock drawer. You won’t see a return for many years, if ever.
A press release about purchase of AZ property and crickets on the stock price.
Bunch of idiots running this dog and pony show... can’t even report on time. Too busy tweeting nonsense I guess.
Just got a shout out by hot stocks NYC!!!
Can’t wait to see next financial report... did they find an accountant that can do math yet? Tick toc mr CEO...
They’re looking for a senior accountant to hire now.... Mr CEO isn’t good with math.... I’m surprised he doesn’t have an accountant in the family that he wants to throw money at. I bet he’ll find one in the family he can enrich with cheap shares.
I think you hit the nail on the head. Too busy giving themselves shares and let the share price sink. It's gonna cost a ton of shares to get financing needed now unless something drastic happens.
This stock has fallen about 70% since the addition of these new board members/directors and changing the company name. Any more brilliant business strategies to implement, Mr. CEO? You genius... Can you just borrow more money from moms?
As if the charts matter... the only thing moving this garbage stock is insider manipulation and market makers trying to make a market.... 25 trades in a day isn’t by a bunch of deep pockets trying to buy up shares....
.39's!!! ** BUY ** BUY ** BUY ** #GNAL!!!
Oversold!! Reversal showing in charts.. back to .50!! #GNAL!!!!
I wouldn’t scoop up more of these shares even with other people’s money. Not even my parents money... Lol!
Scoop up these low .40's!!! ** BUY ** BUY ** BUY ** #GNAL!!!!
Chart setting up Nicely! It's found the bottom.. a lot of support @.39-41 #GNAL!!!!
Not even
A bit
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