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Could not agree with you more. I have been saying this for years and get bashed and heckled for exposing this fraud. We knew this was a fraud from day one because it was a Dutchess Capital deal. Doug Leighton and his team of stock frauds probably made millions off this scam and are probably flooding the market with their remaining millions of of zero cost paper to take whatever they can get before this goes under. Management has no clue what they are doing and are nothing but a front for the Dutchess Fraud Machine. I know some guys that are going to expose how Dutchess gets away with this with all their free paper and using stock promoters to create liquidity.
Management is just as much at fault for continuing to allow this toxic scheme to continue and knowingly mislead investors and burning shareholders. They knew they did not have a business and simply acted as a front for the frauds at Dutchess while they unleashed their abundance of paper on the innocent shareholders that drank the kool-aid.
actually it was built for a purpose... so Doug Leighton/Dutchess could enrich himself
A respected source from the industry has informed me that MSRT is on their last few dollars in the bank and they can't raise any more $$$ because nobody respects the CEO and nobody respects Dutchess Capital.
If you have been following this company with any serious effort, then this news shouldn't shock anyone. I'll say it again, this company was built without a foundation or purpose and they have been in a downward spiral for months.
The exec team should use their stock certs as rolling papers because the stock is actually worthless.
Wanted to buy this but waited and glad I didn't. You see their name at events in Denver and somewhat associate them with what Weedmaps does, but there's still a vague haze around what they actually do. Personally I thought they had a dispensary and grow or were a nutrient supplier lol this stock is just a name and that's all
Just look at how this stock constantly closes at new all-time lows everyday. Not a good sign and normally means everyone is throwing in the towel on this one!
The entire world could decriminalize and it would have ZERO effect on this scam of a company. The company is run by an immature, inexperienced management team that is nothing but a bunch of pothead clowns that are a cover for the frauds at Dutchess Capital and their manipulative schemes to fool investors and make millions by selling hoards of zero cost basis paper at the expense of legitimate investors that bought into the scam. They have no business as evident by the 2 year history of complete failures and mismanagement of investor funds.
HUGE NEW HAMPSHIRE decriminalized marijuana! MSRT http://www.wmur.com/article/nh-marijuana-decriminalization-law-takes-effect-this-weekend/12253707
They have no assets only liabilities. The only thing they could sell are the pipes and empty bottles in the CEO's office. LOL The companies they acquired cannot be that credible if they were stupid enough to allow this sham to acquire them. Probably just another front to buy more time to allow the masterminds at Dutchess to liquidate the rest of their paper before the walls cave in on the sham. Why not pay $12M for a company doing less than $1M in sales. At the end of the day the shares will be worth zero!
tic-toc. It's only a matter of time before this company files bk and starts selling off its assets. If I was one of the companies that merged with MSRT I would start calling my lawyers.
You have to love the 50K on the offer at $0.37. Who, outside of the crooks at Dutchess, can afford to sell in volume at this levels? They must know the bottom is about to fall out and this sham is about to shut their doors and taking whatever they can get for their remaining shares.
Ain't that the truth. Seen the Dutchess story many times. We short every deal they and Chardan get involved with. Not one of them ever work out well for anyone who buys into the bogus business models.
that is the game and MSRT has been a text book example
promise the world ... hand off millions of restricted shares ... keep the free trading for yourself. When you are done... walk away and wish them the best of luck
And in the classic Dutchess fashion, he manipulated young Dietreich by giving him millions of shares (all locked up due to his majority position) in false hope that they would be worth something someday when the sly fox was the only one to sell his millions and millions of shares that he paid $50K for.
No doubt a house of cards and the CEO does nothing but lie and mislead in a n effort to justify the company's existence when the whole world knows the lack of credibility of management and the company.
I have an associate that was at the ArcView Conference a couple of years ago when Leighton stumbled upon these guys. Word is, he was foaming at the mouth and cut them a paltry check for $50,000 to get their attention and plant the seeds that sprouted the delusions of grandeur in Dietrich's fogged over brain
TIIIMMMBBEERR! Maybe they should use the worthless stock certs as rolling papers for their next executive offsite and post it on social media!
Btw, there is already a social media company that lets you discuss strains with your friends; it called Instagram. Howdy Doody is no Kevin Systrom (CEO of IG) and doesn't even come close to Zug.
This business was built with NO foundation and is completely a house of cards or house of lies, take you pick.
Just another PR scam! They could not list on a chalkboard right now! Lol!
Considering they paid about 30 million share for CannaRegs and if you think it is worth $1M, the stock price should fall below $0.05 - sounds about right based on the history of this company and clowns behind it. They should do a case study of how NOT to run a company - this company and management would be the perfect subject matter!
Remember the bullchit application to the NASDAQ that Leighton orchestrated
You confirmed what I had heard regarding this clowns' mannerisms and work ethic. Has no clue what he is doing and just trying to buy time until the cards come tumbling down. His dad (Dutchess and Leighton) and his band of crooks have probably cashed out millions while he will be left to hang by the innocent shareholders.
They cannot pay their bills from what I have heard and have been forced to reduced their worthless workforce - THEY HAVE NO RESERVE!!
how about start by naming one
How may I count the ways
maybe you could explain how a fully reporting (audited) public company can have reserves no one is aware of
I'm disappointed that I got sucked into this one. In hindsight even though I wasn't sure about a niche social media platform, and I doubted the quals of Mgt team I picked some up as a momentum play, and held on
Cannaregs might be worth $1 million, and the value of the canna part of company will expire in 5 years once regs stop changing every week.
I'm looking for long term plays in canna now. Companies that can get started in canna and grow to other industries
Cannaregs has that potential if they could eventually expand the platform to other emerging regulated technologies. Like drones and bitcoin But that's way down the road. And maybe not under the msrt umbrella
In on the conference call is no easy feat, followed several investor relation links to fodder. Not reassuring, no warm fuzzy feeling at it's conclusion.
Too lazy to work, too nervous to steal is the take I got.
Unfortunately I have a vested interest in this fire drill. Due diligence called that 4 a reason. Simply ....Howdy is touting the market in Cal. as the panacea, alluding to the huge potential. If that is the panacea, deductively we can look to their current market share from the current 3 state realm. How much has their crack sales force garnered of the pie. Eehh
He can''t hang at Wyn's where he has 'no business' being to begin with.
Dietrich is a cross between TBoone and Howdy Doody.
They probably have a reserve we are unaware of at this moment grasshopper
Unfortunately this company has dug a hole too deep to recover. Their credibility is shot, somehow pissed away $17M worth of "equity raises and warrant redemptions" (as the CEO likes to announce) and just overpaid for a business that may be able to pay for 2 weeks of their burn.
lol I'm available, I do believe they are going in a strategic direction being government compliant . This is one of there biggest hurdle for uplifting Purchasing a government compliant company . Puts MSRT far above there competition in this field.
A 9th grade education would be a step up compared to the education and experience of the goofs running this company. Maybe you should run this company - could not be any worse than current management based on the history of this company, pathetic financials and history of mismanagement of funds.
This just goes to show you the incompetence level of this idiot CEO. He is nothing but a front man for the frauds at Dutchess Capital. One of our associates in Seattle spoke to a recent ex-MSRT employee and they concurred that the guy is a complete flake. High all the time, drinks booze during the day, dresses like a homeless person and shows up to work around noon. COMPLETE SCAM.
Am I missing something? MSRT buys CannaRegs (CR) for $12mm and touts that CR generates $450k annually. This backs into a 26.67x multiple on LTM. From my pov, this is absolutely out of market pricing and based on MSRT operating losses of $11mm per quarter, the $450k in annual revenue is an absolute joke.
More validation that the CEO and executive team are unqualified. This company is no longer a sexy start-up, it's now a turnaround being run by the same management team and CEO that ran the company into the ground. GOOD LUCK!!!
What am I missing?
https://www.forbes.com/sites/debraborchardt/2017/08/23/massroots-acquires-cannaregs-in-a-12-million-deal/#22cbd9b161f1
Stock going straight down the toilet as predicted. Endless selling everyday, all day long!
lol I only have a 9th grade education but still made 40 Million to date in my career hmmm??
The only thing these potheads market is their stock in fraudulent promotions. They have no other business and zero skill sets to run a successful business.
They market advertising space in the Mag. Very lucrative once the base is complete , almost done??
What do they have to market? By the looks of the financials, the only product they sell is stock to keep this sham alive and give these worthless potheads a salary and take care of the crook mastermind behind this sham being Dutchess. What was the name of the "Head of Marketing"?
Met with the Head of Marketing for MSRT and I must say she was very underwhelming and had no real response to my questions. It's clear that the management team, from the top down, are amateurs. The current leadership of this company will absolutely run this company into the ground.
I speak from experience, I have personally run tech start ups for 16 years and built my last company from idea to over $300 million.
Hope. That's my reason.....Hope.
The Fox, the Goofball, and the Totally Indifferent
Just received a call from an associate that was in attendance as well and he basically shared the same opinion. He said that the guy presenting (I assume the CEO) appeared nervous and not confident in the future or direction of the company. Not sure where they think buying a company for 12M shares that only does $450K in revenue will turn this Dutchess scam around when they burn through $12M in questionable expenses in one quarter. The company has given shareholders no reason to buy this stock!
looks like they timed that shot for when Branson was walking by unaware.
lmao... the goofball in the middle is Dietrich (CEO)
I would venture to say he probably doesn't understand where the money went either... Maybe he should ask Doug Leighton... the guy on the left that has a distinct look about him also... sort of a cross between the fox that was left to guard the chicken coop and a Cheshire cat
Based on their financials, he should of been jailed!
Nice to finally hear someone agree with me. I have been saying all along that this was nothing but a cover for the crooks at Dutchess to print money at shareholders expense.
Just heard the CEO of MSRT speak at MJAC2017. The presentation was very underwhelming and I still don't understand how they burned $12mm on SG&A last qtr. With only 19 employees that an average experience of $631k per employee.
This CEO is a complete clown and I questions anyone that supports him as a leader.
CFO resigned.
Beginning of the end?
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