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Please don't misinterpret the PRs and Filings. I do understand if you are new here it may seem different, but please read. I own quite a bit of shares, i am not a basher, but i want the true facts out there so people can make sound decisions. I do however believe they want this price in the Cents so more could happen to reduce it even further.
Read this first filing, they laid it out for everyone in the beginning.
Concurrent with the announcement of the Company’s total share reduction, the Company emphasizes that the
long-term goal of the Company is to reduce the number
of common stock shares by another 1 billion common
stock shares over the next two months—for a total cancellation and retirement of 1.5 billion common stock
shares. Based upon the Company’s share structure announced in the Company’s Annual Report, after total
common stock share retirement, the Company will have
a total number of issued and outstanding shares of
approximately 949 million shares.
http://www.otcmarkets.com/financialReportViewer?symbol=SLNX&id=119138
One of the Consent agreements, i just picked one there are 3*500mil = 1.5bil
Below Bold/underlined is the action being done:
I, the undersigned, in this "Consent Agreement" consent to relinquish, cancel and retire 500 million restricted common stock shares of the Corporation that are currently owned by me and such consent to relinquish, cancel, and retire the 500 million common stock shares shall be effective permanently.
Below bold/Red is his statement of consent/ownership. Meaning he owns in total 2 Billion, of which over the past few months has relinquished/retired/cancelled 1.5 Billion back to the company.
I hereby Certify:
1. I am not under the age of eighteen years;
2. I am not incapable of managing my own affairs by reason of mental infirmity;
3. That I received two (2) billion restricted common stock shares of the Corporation on February 13, 2013 in accordance with an agreement with the Corporation dated January 27, 2013 ("Shares");
4. I consent to relinquish control of the Shares to the Corporation;
5. I consent to the cancellation of the Shares by the Corporation; and
6. I consent to the permanent retirement of the Shares by the Corporation.
so now he has 500 million shares that he could still give up.
Like invictus said, 3x Notice of Change in Substantial Holder Interest = 1.5 (each 500mil) if a 4th comes with xxx amount of shares then he would have even less/zero.
is it C?
Go SLNX
Holding 7s, and burning up to 8s toward EoD! Shorts gonna burn EoD/Tomorrow.
Just wait for next PR, with more plans to reduce even further :) Just building foundation!
Hope shorts covered... ouch..
Not sure if this has been posted, but interesting, it will be in Houston, not far from Spring Texas.
First Marijuana Investment Conference Set for September 8, 2014, Houston, Texas
Marijuana Investment Conferences (MIC) announced that its first conference will be held Monday, September 8, 2014, at the Westin Memorial City Hotel in Houston, Texas, to respond to the growing interest in investments in the legalized marijuana industry and the increasing demand for growth capital for legal businesses.
“We want to bring investors together with companies who will provide products and services that will be involved in the growing, harvesting and selling of legalized marijuana,” said Stuart Maudlin, CEO, Marijuana Investment Conferences. “Companies that provide accounting services, banking and payment processing, consultants, hydroponics and cultivation production, infused products and edibles providers, insurance, packaging, security systems, software, point-of-sale systems, testing and lab services should attend as well as growers and sellers.”
“This is the first of many multi-annual conferences with the focused goal of helping people take advantage of an early-stage investment and business sector. It’s similar to any technology start up pitch event—purely the business and financial side of the legalized marijuana industry,” Maudlin said.
Maudlin added that the Conference is not meant to make a statement about lobbying for the legalization of marijuana in Texas or to throw a “pot party”—since marijuana is illegal in Texas and won’t be allowed at the Conference.
The Huffington Post has reported that the legalized marijuana industry is projected to grow to 64 percent over 2013 to $2.34 billion in 2014. Some people in Colorado are expecting the marijuana industry to grow to $10 billion by 2018 in that state according to Vail Daily newspaper.
About Marijuana Investment Conferences
Whether you’re looking to invest in a legal marijuana-based business or get funding for your legal marijuana-based idea, the Marijuana Investment Conferences (MIC) brings entrepreneurs and investors together in one place. MIC is for serious businesses and investors who see the legal marijuana market as a viable and early-stage investment opportunity. The first conference will be held Monday, September 8, 2014, in Houston, Texas, and will feature networking opportunities and breakout sessions for companies to pitch their ideas and companies to investors. Please visit http://www.marijuanainvestmentconferences.com for more information.
Marijuana AbuseInvestment & Company Information
Contact:
For Marijuana Investment Conferences
Mark Hayden, (832) 721-5832
Link for MIC
Been loading this for awhile now :) the time will come when people realize what is here!
of course that is where is group wanted to cover/buyin at.
i bought at 5, but some showed as sells at 4s... dont make sense they trying to hold this down.
hrmm showing as sells... i just bought alot... interesting.
confirming whats going on, all it takes is numbers and scaring/spreading fear. it goes both ways.
Wont be able to educate me on gravity, thats not his expertise, and you should know that.
lol, then you would know gravity has no effects on the web... unless you plan on dropping your laptop/desktop and hope it follows.
it always has been, they are changing the O/S... you guys always fall for shorters and their hype so they can short the crap out of it.
CATA Monster :)
Makes my shares look even better the higher this climbs!
see what tomorrow brings!
what number did you call and who did you speak with?
how so?
When news drops, this is gone. plain and simple its all about patience now.
was mine to :) so cheap!
its all good duck, ill take 900k more on bid support!
cheapies! think some shorters trying as well.
Nice when I get to a pc ill sticky at gym.
Cheaaaa boi!!!
RAWR!! CATA!!!
Huge (?.?) and just getting started!
(?.?) awesomeness here
Great things to come i imagine, which will be great for anyone getting in at these levels.
nice find!
trades so thin!
yea i like!
CATA add to watch thin and in .002s
CATA super thin play add to watch!
$CATA 18x19
$CATA .0018 super thin! great $$ potential!
Dip, and RIP!
i dont think this is related at all.
free'd up another 6k to help them :) lose more!
Tried to warn em :) thanks for the cheapies today guys!! :) my extra 2mil i added today in the .003x looks real sexy in my account!