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Until there’s a Q report or PR stating there are more available shares in the market it means nothing more than the $15 that increased the share price. It’s just existing shares trading hands.
It’s just speculation as why shares were sold (or dumped), but if I bought 2 million shares at .0022 and sold under the bid for double my money at .0045 is that still dumping?
Indeed, wait and see...
Could they be referring to a caregiver license that the existing op may be legally operating under? Could be at least slightly misleading but not factually wrong?
You say dumping but they could be selling for profit. It means nothing.
And someone bought all those blocks at the current PPS at time of purchase so now those shares aren’t important to current situation.
If you can provide information showing that shares were added and thus dilution took place we would all appreciate that top notch DD.
Otherwise that’s just normal buying and selling, right?
I don’t have PM but I wanted to let you know I appreciated your message and agree. It’s nice to be able to have a quality, informative discussion on here. And yes, we did land here for the same reasons, let’s hope we can enjoy the same benefits ($$) if this company does pull it together.
A neighbor in Ohio
Statist...that’s an interesting way to put it.
Definitely not ashamed to say I’m NOT an anti-vaxxer...
I wouldn’t expect anyone to trust their health to a company that grows, processes, etc cannabis and cannabis products, but rather the doctors who deem it necessary to prescribe the medicine and the regulatory agencies that ensure the medicine is what it’s supposed to be when purchased.
To be fair, who in that picture would you want running a company you’re invested in? That one I’m not sure about but here we are either way
I have to imagine that there’s way more money to be made in the recreational market too. Medical is what brought me here but I’ll happily ride the recreational side too.
There’s no guessing necessary, they already said this:
SANDUSKY, Ohio, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- PAO Group, Inc. (OTC: PAOG), a holdings company dedicated to alternative patient care treatments including the proper use of medical cannabis, and through its subsidiaries who are currently growing medical cannabis in the state of Michigan and pursuing additional MMFLA licensing through LARA for the cultivation, processing, and transportation of medical and recreational cannabis,
https://www.otcmarkets.com/stock/PAOG/news/PAOG-Officially-Appoints-Karl-Riedel-as-New-CEO-and-President?id=218255
Thanks for that alert, I thought that was great! lol
Thanks for the info provided about the SEC, looks like they are good to go then because they did disclose that to shareholders.
The real question is: does that community allow growing? If so they can stack licenses and generating revenue to expand into a larger building wouldn’t be unreasonable to expect if they did have a vacant lot.
But if they are in the process of acquiring an existing grow operation that would answer my first question with a yes. Which as you pointed out, is a potential challenge out of the way...so it will be nice to hear when/if it takes place.
Sorry that does make sense, I was unable to pick up on all the cues via text...I dont like to assume lol
Now that’s quality DD, thanks for providing that for me!
What’s relevant about an email that nobody knows anything about? That could have been from when he was a teen or early 20’s, maybe it’s current. I would say it’s not uncommon for people to have foolish sounding ‘handles’ for email, social media, etc. and it doesn’t reflect anything on their business sense. I was young and foolish (or less foolish I should say!) once too.
It was implied that the CEO is at risk of violating SEC rules, so I’m just curious which ones because I don’t have a clue about that stuff.
What specifically is he endanger of violating?
I guess for me it’s the fact the this is a new management team and they have been communicating things better. Hard to forgive these guys for something they haven’t done...yet.
I too bought into the idea of helping people without opioids and I agree with your sentiments 100%. At this point I look at it like this: does the company have potential to get my money back? MJ or MMJ gives me that possibility so now I’m indifferent. Good Luck!
Well that goes without saying, one would have to have a place to grow to even need the 1500 amount. Once they have a place to grow, which they have publicly stated they are looking for, they will be able to easily stack the licenses. So yes, you are correct, but nothing is superficial. Speculative yes, but this a pink and that’s beauty of it. If they find a property and get the licenses then what? Sure they might not but so far so good. I’ll take my chances as I’m already long and down from the last management’s failures. Not much more too lose for me!
Please highlight where it was implied that he had CEO experience. He was introduced as Executive VP of Marketing for a company that recently was acquired.
Hopefully it’s about getting a property because that’s required for the licensing process.
Then the hope would an announcement about receiving their licenses.
Ideally they get the space/stacked licenses to have as many harvests as they need/want. 2-4 harvests per room on a rotation with many rooms gets the job done. As War stated earlier, The Master Grower knows about maximizing all potential yield.
How nice does that sound...The Master Grower
Lol sorry that was more excitement for the picture they shared than squaring you away...there were so many colas in that tiny looking room there’s no telling which would’ve been the main but I just see $$$
Without me lol? You’d still be just as excited for PAOG I’m sure!
1 cola per plant?! Who grows like that any more...hopefully not our team. Many ways to grow based space available but 1 cola isn’t usually one of them unless you’re in your basement. U can actually see that the plants in the posted pic are bent over sideways and supported which allows for much greater yeild.
Well duh we were ametures!
Why PAOG have anything to do with Cannophen?
Someone has to buy the sellers shares right? So wouldn’t that make it equal buying and selling?
That is great news!
Yeah it did...around 2/22/17 or so...look it up. Never closed that high though.
Nothing. We’re going to get nothing from RBII. IMO.
However, the gift is the shell being available for this potentially awesome new company. Much more potential upside here now.
Remember, Robert Weber ran them both poorly for most of the time, then Art. Remember...This Shit Works. So even if they have some old rented office space from PAOG, we didn’t lose much because PAOG didn’t own much.
I live in Canton Ohio and stopped by the dispensary located there on Wednesday (opening day) and they were packed. They were turning away people because there wasn’t time to see them all. This location also was providing cards based on an approved doctor recommendation. So $75k in one day for about 4 dispensaries is great. 52 weeks x 5 days open x 75k = 19+ million a year. And that’s just opening day totals.
HA that’s enough for me! Plus we keep to keep our shares that are now part of something much bigger!
I agree with this, but just to wonder...with such a great management team and assuming the plan is as equally great, can this handle an increase in the A/S and still run? Hypothetically speaking, the plan may need capital to start but could really pay off in the long term.
What are your thoughts on how they plan to finance their operations? It would seem that with their plans there would need to be a bit of capital available to develop them. With only a little more than 100 million shares free to issue how do they move forward in your opinion?
I happen to remember because I was a shareholder back then and Fidelity shows an intraday high of .0295 2/24/17 but it closed down lower. My understanding is that means someone bought at that price on that day, not that it matters...I think it was still NWAV because the name change hadn’t gone through yet
To be honest about it, Weber was never executive Vice President for a company that sold for $75 million. That experience alone sets him light years ahead of Weber. Aside from share structure, those fins are irrelevant to the new company because those assets are RBIIs now. But yeah Weber sure didn’t pull it together!
Right, this guy wouldn’t be sticking his neck out there for just anything. He has a solid reputation and he could work for any of a number of larger corps making bank.
I was hoping for actual info on the new company, I haven’t had a chance to look into them yet
“Simultaneous with the transfer of all old assets to Rising Biosciences, PAO Group has acquired RSB Management Inc., a business management company in the cannabis sector.”
Anyone have any idea about this company?