Bashing silly penny stocks
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Diamond CBD Apparently Sells Adulterated Products
https://norml.org/news/2018/12/13/psychoactive-adulterants-identified-in-some-liquid-cbd-products
Thanks. It was pretty good!
I hope that shareholders are able to recover from Mezey and that he goes to jail, though this is not likely. As I posted previously, he took the money and bought himself a fancy house in Florida, and he also bought a sports car. This guy is a sociopath, and I am surprised that anyone could not know it would end up badly. Seriously, who would ever trust a disbarred lawyer with a name change?
The company has literally never reported a penny of revenue from cannabis. What a scam - all those press releases last year
Thanks. You can lead a horse to water, but you can't make him drink.
That sure took longer than I expected...
This is too funny!
I think that one of the children of the accountant at East West is to blame :)
Seethru is a joke in my view, and they cover mainly OTC not NASDAQ. Their coverage list in cannabis has seen massive declines, and the names stink. Literally every single name is bogus.
You are correct that they initially got POTN right when they initiated coverage a year ago, but I count 6 of the 7 as completely wrong. As they say, even the blind squirrel finds the occasional nut.
With POTN, they got it right initially, as I said, but they doubled down and blew it. They raised the target to 1.25 when the stock was near its all-time high (it closed at .74 on 1/29 and they issued this report on 1/30)
http://www.seethruequity.com/wp-content/uploads/2018/01/POTN-UPDATE-JAN-30-2018-FINAL.pdf
The stock has lost more than half of its value since then...
Their peers generate positive cash flow
The company apparently burns cash. Are you using a higher share-count for the future when you do your valuation?
The share-count has done nothing but soar...
If the company were going to sell itself, those shares would be converted and figured into the price. They represent economic value, and one would be foolish to ignore them in my view. I didn't say that they are going to convert them immediately. I said what is true: The fully diluted share-count is at least 835 million. The company, when it reported EPS, made an error. It should include these.
Common shares aren't the only aspect of a company. Prudent investors take the time to understand the entire capital structure, including debt, preferred shares, options and warrants.
You are wrong on the share-count. The filing very clearly states the common shares outstanding and the number of preferred shares.
https://www.sec.gov/Archives/edgar/data/1746563/000147793218003494/0001477932-18-003494-index.htm
I left my position at an investment management firm in 2006. I have never invested in or shorted a cannabis stock.
I already said in my prior post:
This is total b.s.
I think I later posted that this is not Valerie.
Registration statement is effective
Notice of Effectiveness:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12742640/content/html
Amended S-1:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12711852/content/html
Why would anyone care for a perennial penny stock clown who has delivered shareholders years (decades) of misery? Nothing personal about that! They misled shareholders around the timing of sales in Nevada. Liars.
BRADLEY IS A LIAR
This company purported to have made a strategic buy of cannabis on or before June 30th to have product for sale when Nevada legalized.
First, the inventory wasn't on the June 10-Q balance sheet
Second, the sales for Q3 were only $38K.
Betting on a loser like Bradley is rarely a good bet.
No one knows what, if anything, these idiots will get. The press release today was incredibly lame compared to the bullish sounding email they sent out (I will be sending these to the SEC).
The company flat out lied. The sales don't match what they said regarding their purchase of inventory (which wasn't on their balance sheet last quarter). This idiot has lied and put it in black and white in SEC filings. The numbers don't add up.
WRONG
These morons are failing badly! $38K in sales in the quarter that Nevada went legal??? They bragged about their smart inventorying of product to take advantage of a shortage, LMFAO.
They also defaulted on several debt issues. Mark Bradley should resign and take a job shining shoes or something more suited to his skills.
SIGO doesn't own any of the plants, equipment or property. SIGO is just a service provider. Can't wait to show how this works when they finally report revenue in an SEC filing, the 10-K, which is due in late January (with extension possible to mid-Feb). Tick-tock! Time running out on the scammers
SIGO will vanish towards .10 or lower.
The company is a fraud that has been outed, and the slimy guy behind it who cashed in all those free shares for a house in Florida is trying to figure out how to keep the well flowing. They are running around like chickens with their heads cut off in every direction. The way the wind blows is all that seems to matter.
The chart is absolutely terrible. Volume has totally dried up.
It already fell (briefly) to the .35-.40 zone I predicted. Buckle up for the next downdraft: .25-.30
This looks really bad to me with TJ stepping aside/down/away. He was their "grow guy" but no longer. I warned him personally that he was dealing with the devil.
BMG - Battle Mountain Genetics (not Baugher, Magallanes, G).
I continue to think SIGO is dead meat. The market has had a huge bounce over the past week or so, and SIGO needs some Cialis fast.
RIP, Llamas.
Lamborghini driver killed in crash was medical marijuana millionaire
http://www.cbs8.com/story/36778607/lamborghini-driver-killed-in-crash-was-medical-marijuana-millionaire
"Those who cannot remember the past are condemned to repeat it."
George Santayana
Joseph Wade Mezey has left a trail of tears and blood on the OTC. Sadly, many don't do the simple DD necessary to protect themselves from being scammed by him.
Congrats to all who saw the obvious signs and bailed this sinking ship
They can't abandon the S-1 if they want to raise more money, unless they want to go all-out toxic financing. Good luck with that. The company would be lucky to find buyers for the remaining 19mm shares at ten cents and should sell as fast as they can in my view, because this is worthless
The company bragged about no debt and then ended up with over $400K debt. Anyone that understands the OTC and especially the scammer running this one, Joseph Wade Mezey, would expect this to end up being toxic. Just watch...
LMFAO at the "no toxic debt". Pay attention, folks! You are beholden to notorious stock scammer Joseph Wade, the king of toxic debt. Just because you don't know the terms yet doesn't mean it isn't toxic. Watch and learn!
This scam was very easy to see. It's not clear why Wade incriminated himself on multiple occasions. He is really not that clever!
Unreal - 165 shares have traded in the first 90 minutes. Fake company and totally inflated stock. Soon to be deflated investors.
The scammers have been exposed, and investors here will lose EVERYTHING. This is a worthless pump and dump - the company has no assets and now a lot of debt. They have let their investors believe that they are something which they are not.
The volume has totally dropped off and Joseph Wade seems to have shut down the flow of lies that was driving unwitting investors into the stock of this fraudulent scheme. The filings at his other company confirm that they bought all 640K shares at 10 cents (and presumably the 200K sold subsequently). I feel badly for those who bought into this:
The stock did hit my .35-.40 already and will do so again (on the way to zero).
LOL. Wade IS SIGO. Investors in this turd will be wiped out. He moved to Florida and bought a fancy house with your money, folks. If you don't care about what is left, just hang on, as this is going all the way down. Have fun!
Yeah! The Joseph Wade Book. Do you have a copy? It's all about lying and cheating.
Thanks for the laugh! SIGO IS TOTAL CRAP. Like I said, they will be lucky to avoid jail time after the federal securities laws violations. At least the investors won't go to prison - they will just lose their entire investment.
Yeah, right. SIGO is a total scam. Not sure why anyone would waste their time. The company never followed up on their announcement that they were hosting this original tour. Seems like b.s. to me. Who cares though - this stock is toast. Sad to see all the bagholders.
SIGO SCAM STUCK IN THE MUD
There was no tour yesterday, and the scammers here seem to have pretty much given up. They will be lucky to avoid federal prison in my view. Idiots, too, as they totally proved their criminal ways in black and white. No 8-Ks in almost 4 weeks - even they know when the gig is up. Sorry for anyone stuck in this piece of crap stock...
There is no toxic debt driving this - it's warrants. If they had just stuck to GLF, perhaps all would be well in PNTV-land, but, as you realize, they overstepped. It's so basic - get one thing right and then extend. I have been criticizing this idea for a long time. It's a bad idea in my view, but one for which the company doesn't have the resources in any event.