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He knows it does now :) I knew it did about a year ago.
New post on ILST Facebook page. https://www.facebook.com/ilstholdings
Photo of ILST's Office. Who said they had no office? I always knew they did even before they posted the photo... DD is the key when playing in this market.. I have a good feeling about ILST in the coming months from these levels. I got me some 1's the other day and that makes me real happy!!
Best of luck to everyone!!!
How can anyone still believe in the company? Benny uses the shares with no regard for his investors. He can care less about us. All he knows how to do is sell shares, trap us in, and take our money. Buying more of this crap is a rookie mistake..
R/S will be here as soon as he get through the HUGE 12 billion A/S.. It would take a lot of buying pressure to push this POS back up. It wont happen with Benny Boy in charge.. IMHO
Don't count this company out yet! They are very determined to get this done and the people involved don't get paid till they do. Most of the people on this team have been in the mining business all there lives and have lots of contacts and connections. With over $40 million in the ground that they CAN PROVE someone thy know will step up. If the investors there meeting this weekend out in Vegas like what they see this will be a slam dunk. I would say with everything they have going on and with this fairly small share structure for penny land selling right now would not be a smart move.. IMHO
GOOD LUCK TO EVERYONE!!
I think in the PR from September 24th http://www.otcmarkets.com/stock/POTN/news/PotNetwork-Holdings-Inc--Discloses-Quarterly-Revenues-of--1-9-Million-Revealing-a-Consistent-Pattern-of-Record-Breaking-Earnings-at--266-000?id=115147&b=y they are telling us there will be an R/S coming soon. They are saying they have to get the share price up to attract new investors while dumping a half a billion shares a few days later. How do they expect to get the share price up by weighting down the float even more. I think they are dumping the rest of there shares they have before they make there move to whip out most of our shares. Preferred shares don't get effected in an R/S so they will all be safe. I hope I'm wrong being tho I just averaged down at .0002. Now holding 5 million with an average of .0007 Still here almost two years later and down a bunch of money... GOOD LUCK TO EVERYONE!!!
Management is keenly aware of the fact that the stock continues trading undervalued. Because the stock has not been reflecting many of the Company's advancements, we are exploring a spectrum of restructuring options that will enable the Company to attract new investors."
Please provide a link that shows where Barbara got 75 million shares. I would love to see that because from what she says is she never received any shares from GRLF or GDSM. I have never found anything to show different. I believe her that she has not been compensated for all her work. She owns the webserver that MJ-X is hosted on witch she gets paid a monthly fee for hosting the site. It's not even $100 a month and that's when she can collect.
Joes has his own webmaster that he wants to use and Barbara is not wanting to deal with it any more. It's a simple as that. Lets hope Joe's webmaster can run the site as smooth as Barbara did.
This could be a good that things are changing. If this new webmaster is good they will have new energy and new ideas!
This one seems to move on VERY LITTLE volume. Great action the past 4 days. Looks like it finally woke up from a long sleep...
Are we going into the candy business now? Look at the company profile. It says "Industry Food: Specialty/Candy" http://money.cnn.com/quote/quote.html?symb=GRLF Am I reading this right?
We would be happy as hell to see it...lol Bring on the pump!!
Where did you copy this post from? It's got 1553 likes on it. That's a lot of likes for just a PR post if that's what it is....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116113998
Seems to be bleeding out from all Benny's conversions and lack of getting things done. Debating if I should average down now or take the risk and wait for the 1's that I sadly think are coming. Seems like Benny don't care about his shareholders. People are starting to see this and are loosing interest I think.
COME ON BENNY LETS MAKE THIS HAPPEN ALREADY!!!
Let me explain how these conversions work. When it's time for them to convert the debt holders gets there shares at a 50% discount of the lowest PPS in the last 20 trading days. If the price hits a low of .0002 in the last 20 days they will get there shares at .0001. If we owe the debt holder 100k that works out to a billion shares.
What most of these scumbag debt holders do is short the stock down right before they convert to get the PPS down as low as they can to get as many shares as they can. They also have people bash the stock at the same time to scare people to sell as the PPS drops from them shorting. There whole objective is to bring the PPS down as low as they can in that 20 day period to get as many shares as they can. To make it risk free they use the shares they get from the conversion to cover there short position. They wont need all of there shares from the conversion to cover there position being tho when they started shorting the PPS was at .0004 and .0003. Remember they got there shares at only .0001. This gives them a lot of extra shares to sell once the price goes back up from them covering. Usually the company will put out a PR while the debt holder covers to make it look like it's people buying to get more people to buy so the PPS goes up to a nice price so the debt holder can dump the rest of there shares..They make money on the way down and on the way back up. This is how they maximize there profit and how they do it risk free. Usually the debt holders is working with the CEO of company to steal from the share holders. Most all these penny stock companies do it. It's just how it's done. Some are greedier then others. To me Benny seems like one of the greedy ones.
I hold a nice position that has cost me a lot of money so far due to his conversions and his miss use of the shareholders money...
COME ON BENNY LET THIS RUN ALREADY!!!!!
As this plays out the names are getting even more familiar. Take a look at them again and look up who is behind some of these LLC's. Some of the more interesting ones were issued before Mike even became CEO. Seems like Joe has been around this company for a while now. Maybe he knows it good enough to get a run going for us. From what I hear he is very good at what he dose. Scam or no scam I think we will see another run with him as CEO!!
Welcome back Joe!!
GO GRLF!!
WOW! We really are on there. http://marijuanaindex.com/index-us-non-reporting/ Maybe the new guy dose mean business? If not and he's just a good scammer then maybe he can trick enough people to buy shares so we can get out. Either way I would be happy! I have been here way too long to be down the kind of money I'm down. You can't even call me a bag holder because I bought way too many shares to fit in a bag....lol I kept buying the cheapies...lol
If what your saying is true how dose MMG make money from this? I have been watching this ticker for close to two years now and there is like no volume every day and you say there paying promoters. They would loose money running a scam like that. It cost the company money to convert debt to shares and sell into the market. That's the only way a non reporting OTC company can dump shares is through debt conversion. It's not even a million shares a week that trades at .0001 or even .0002. That's like $100 to $200 a week. The attorney letter they need to convert and the broker fees cost way more money then that.
I think from these levels who ever owns the company we are in great shape to make money. If your a bag holder just average down and wait it out. It's got a GREAT share structure for penny land that's for sure..
Anyone find it odd what happened to the share price Friday where we lost 90% of our value on just 220k volume. We were up 100% mid day at .0002 and closed at .00001 (yes that's 4 o's) $10. for a million shares. All that happened on 220k volume...Can anyone tell me if this really happen or was it just a glitch? Makes no sense too me how 220k volume can do this kind of damage to a huge share structure like this. The market cap went from mid day of $940k to $47k at close on 220k volume. WOW!!! Can anyone explain this?
I feel like we are a bunch of sheep getting ready to be brought into the slaughterhouse. Sad but true....
When did HIRU do there last R/S because what you are saying is not logical. Take a look at there share structure. I have been here for over a year and a half and I have not seen any dumps from the company. How do you know they still run the company (please provide links)
If they work with promoters to promote this stock why is there no volume? I understand what you are saying about what happened in the past but I don't think the same people control this company. From what I heard they got into a lot of trouble for doing legal share selling and that's way the company was up for sale with a broker... You might be wasting your time here if there is new owners. You can't be mad at new owners if it sold? We just have to wait and see what happens. It can't go any lower anyway..
Good luck to you!
If this company is a scam how do they make money scamming? I have been watching this one for well over a year and I have not seen one day with volume over 10 million shares. At todays PPS that is $2,000. Most days the volume is like 0. This company is not making any money of the share holders and has not since I have been on watch. If they are such big scammers when will they start scamming...lol
Please let me know how they are scamming us??
When will it happen?
Example 1: 50 million dump at .0001 = $5,000
Example 2: 50 million dump at .0010 = $50,000
With this low share structure there is no way they wont want to get it out of the trips before they do any dumps if this is a scam like you are clamming.
I call BS on them scamming us, but either way with this share structure and how low the PPS is we have one hell of a chance to some very good gains here... The only thing that can hurt us is an R/S, but who would do an R/S with a share structure like this one has. It would be a waste of money. Scammers don't like to waste there money on useless stuff...
Good luck to you and everyone else here!!
Common sense 101. If the PPS moves 50% on $100 of buying pressure like your DD discovered in your last post. The company can see this too and will not dump (If there going too) till the pps runs a bit. If you call that price manipulation you don't have a full understanding of how these pennies work.
All these companies want there PPS to go up before they dump. That's how they can get a lot more money using way less shares.. Some of these companies are too heavy to lift with there bloated share structure and there BS fluff PR's so they just dump them where ever the PPS is at the time of the PR. When they do that they just eat the buying volume up from the BS PR and the PPS stays the same with a huge volume day or if there too greedy it will go down. Usually they will take out the bid support and give everyone the shares there waiting on. HIRU is very light and any news will move it up quick. The company would be stupid not to let it run out of the trips before they unload. Even a BS PR from them will do it. IMHO
This company was up for sale with a broker last year. There has been people saying that it was sold and they confirmed it with the broker. If so then it's a whole new beginning and we can see a huge winner here, but either way it goes (new company or old company) we have a great chance at nice gains from these levels. Only time will tell. PEACE :)
That should show you that this moves on very little volume. Super small float? If news ever hits there will be no holding it back. Even if the company dumps shares they will let it go up a bit before they unload. I'm sure they know how fast it moves with any buying pressure so I don't think there dumb enough to dump at these levels when they know that they can easily bring it up first.
Common sense? or is this something that can't happen?
This new team started off looking good. I was real happy when I got my 2's. Now I don't know if I should just sell them. These guys need to make a move soon or I'm out. The ticker change thing is a joke. It would have been done a while ago if they started the process when they said they did.. I'm calling BS on that! I'm hoping these guys wake up and start working!
Mike is so focused and determined on putting this Maine deal together to get us out of debt. I don't think he is worried about fixing the sites right now. He will get to that once the money starts to roll in. The company is worth nothing any way in till we start making money so who cares about that right now. Lets get this deal together first. That's most important I think..
I think everyone is going to witness an unexpected comeback form Mike. I have always believed but will admit there were a few times my faith was shaken. Good day are coming for Mike, GRLF, and us share holders. IMHO.
GOOD LUCK TO EVERYONE!!!
You will soon see news and proof coming out of Maine for a grow deal Mike is putting together. I am 90% sure he will get this one done.. I say 90% just because of his track record in the past. These grow deals are not as easy to put together as you might think. There are so many laws and red tape you have to work through. Mike has been learning the hard way on every deal he tried to put together and that's why things are taking so long. I believe he has finally got this one together for us.. I would not be surprised if we are growing before a PR ever comes out about it. He knows he needs proof of this deal and plants in the ground would not be a bad way to do it.
Buying more shares right now is not a bad idea as long as the debt holders don't convert when the news and proof comes out about this deal.. That is my #1 worry.
Believe it or not Mike is on our team. It's the debt holders that are not.
Good Luck to everyone!!
I don't think this company will change directions any time soon. We have a very profitable grow deal in the works. The Maine deal will save this company. IMO
I fear that too. They have not been able to convert in a while. Will they take advantage of the volume a deal with proof will bring? That is the question.
Lets hope they convert and hold there shares till it runs up past .00 I know they are greedy so it is possible.
The news with proof Mike is going to bring could take us past .00 if they don't convert and dump into the volume. IMO
GRLF
I'm thinking a PR after the deal is done and we are all set up to grow. I believe that proof will come with that PR. Mike knows a PR alone won't do crap to this ticker. Proof is the only way. We will get our proof soon.. IMO
I hope it's sooner then later too, but as long as you hold tight and already averaged down you will be happy. IMO
You have such a surprise coming! I can't wait :)
I don't think the company had anything to do with that one. One of the mods did that. Can't blame that one on Mike or company..
WoW nice end of the day dump? I thought they PR'ed they were in talks to do a buy back? Why dump that many shares at these low levels when your making all that revenue from the car lot and if you are going to do a buy back soon? Makes no sense!
I have to say you do sometimes bring up good points. I have thought of that too because I don't trust no one easily in business, I don't think Mike would steal the deal from GRLF for himself just from getting to know him. The investors and the growers don't know each other so they can't go behind Mikes back. I believe they all need each other because they all have something to bring to the table.
I don't blame you or anyone else that don't believe in Mike. When looking at it from the outside in things don't look good for us, but when you look at it from the inside out there is a lot of hope for a great investment from these levels.. We will soon see..
I hope so too. I'm holding 47million with an avg of .0004 right now. I'm not happy with this company at all right now. I'm down a bunch, but I do know that Mike is really on our team and is really trying hard despite having very little resources to get the job done. Nothing is for sure, but my fingers are crossed!
Double standard? I don't think so. Give him a call and build a repore with him. I have done it for almost two years now. I have gotten to know Mike pretty good over the 1000's of times we have talked on the phone, text, emailed, or Skyped with each other. You can do the same too. Most everything I post here can be found in all the filings, his PR's, or very good DD. He dose not give me privileged info. He will tell you anything he would tell me if you would just build a repore with him. He is truly a good guy that seems to be embarrassed for what he got himself and all of us into. He will speak when the fluff turns into a solid. IMHO Why should he no one will believe him any way in till it dose..
GOOD LUCK TO US ALL!!!
No there not people he knows. He told me he found them from an outside source. At first they were very excited about doing a deal with us till they started to Google Mikes name and the company's name and all the Ihub posts started coming up that GRLF was a big scam thanks to all the non supporters and bashers. It took Mike a few weeks of sending them a bunch of info to get them convinced that he is not a scam. He had to show them what was going on just like I'm trying to show everyone here how the debt holders make this look like a scam. Mike has over come the hesitation of the investors and is now on his way to getting this deal all set up. I don't make this stuff up. It's all the truth as I know it.
It's not "RIDICULOUS" That they convert and sell shares for the debt they have in GRLF. That's what they do to get there money we owe them. This is a FACT. Being at .0001 is not what they want. I'm sure they would like to see it out of no bid because they can only sell into the 1's when people are buying them. They can't get enough money out of the market that way. They love when there is a big bid support at .0002 or higher. I never said these guys were smart and that they know how to balance where they leave the PPS. I would say there more greedy then anything. It's all in the fillings if you go through them you will see everything I see. Some times the truth can hurt but we all need to know the truth.
Don't worry tho Mike will over come this for us. He is in a zone right now to bring us out of this mess where all in and when he dose these cheep prices you can buy at right now will be gone forever. Risk to reward at it's best!!!$$$
Buckle up for the ride it will be very bumpy for sure, but I believe we will get there sooner or later. Mike is in a zone right now and told me he will get this Maine deal done if it's the last thing he ever dose.. He sounded dead serious to me!
GOOD LUCK TO EVERYONE except the debt holders!!!
Mike already has the investor for the 80k he needs to get the first phase or two done. 4 months later he will have the money from the harvest for the rest of the phases. This building he has locked up is big enough for 8 phases of growth. In Maine a caregiver can only grow 36 plants so It will take 8 caregivers to fill up the building for a total of 288 plants.
They can get a harvest every 4 months that can be sold for about $720k or $2.16 million a year and that's if they only get $2500 a LB which is very low for wholesale high quality medical marijuana in Maine. It's more like $3k or more a LB. That estimate is also if they don't do a perpetual grow. A perpetual grow could bring 5 harvests a year for $3.6 million a year and that's selling it for only $2500 a pound. Don't forget about the trimmings and leaves that they can also get $400 to $600 a LB for. There will be a lot of weight from all that too with 288 plants growing every harvest. They use the trimmings and leaves for CBD oil, wax, cooking, ect.
If Mike can put this together which he truly believes he will we will be well on our way to financial freedom from the debt holders. Mike has the location, he has the growers, + he has the investor to get things started. He is still putting them all together and hopefully we will see it happen soon..
All my calculations are just estimates that I put together from some solid DD I did. They are not exact, but will be pretty close if all goes well..
MAKE IT HAPPEN MIKE!!!
GOOD LUCK TO US ALL!!!
Remember what I said about Mike borrowing money back to fund the company. We might have squared up with Lovito back in August, but I don't think we are out of debt with him totally because of borrowing money back. On the other hand JFenway has a little tighter of a grip. If you look back JFenway has been behind this ticker before Lovito ever came around.
This has been an uphill battle for Mike since the insiders are not on his side. I don't believe Mike is involved like you think. I really think he is fighting to free our grip and has very little resources to help him.
Maine can be our savior. We will have to wait and see.
"LOVITO/HAROLD? Why would they not want SHEA to succeed? that is "RIDICULOUS"!"
I have the answer for you...
This is how you trap a company in the pinks. When Levito left as the CEO he set all this up before bringing Mike in to take over.
In July, 2013, the Company reached a settlement with both Preferred Series E holders, JFenway and Paul Lovito. The initial settlement provided that each Preferred E Holder receive a convertible note in the amount of $1,162,500 note in return for the retirement of 30,000,000 Series E Preferred Stock which converted at 1:15..The notes carry an interest rate of 10% with an initial 12 month “interest free” period.
Subsequently, it was decided that the amount of the notes was egregious and each holder agreed to enter into settlement upon a new amount. Mr. Lovito and JFenway have agreed and executed new notes in the amount of $225,000 which equated to two times the value of those preferred at the time of the transaction. The note carries an interest rate of 10% with interest charged for the first 12 months.
If the company never makes enough to pay these debt holders back they will keep getting shares forever (ATM) and at these prices the PPS have been at they get a lot of them to convert every time a payment is due. That's why our O/S is so high right now. It's not because of Mike. It's because we have payments to make to the debt holders. If you look at the filings you will see that Mike has to keep borrowing some money back from them every time they convert. If he didn't the company would have no money to operate and we would not be currant right now. It might sound crazy but Mike needs these guys right now to keep the company funded till he gets something going and has his own money coming in. A non reporting pink sheet company can not sell shares into the market themselves to raise money. Only a debt holder can do it by converting debt to common shares and usually at a 50% discount.
The debt holders would not like to be paid off because if they are they will only get what's left of the $225k that's owed to them. If you look at the filings they both got a lot more then then the $225k just this year alone and that's because the company is not able to pay them back yet. Sounds ridiculous, but that's how it works. They make a lot more money if the company never gets going. Even an R/S wont shake them because they have debt in the company they don't hold shares. They convert the debt to shares right before they sell into the market. They can care less where the price per share is they still get the same amount of money out of the market they just convert more shares to do it. They can sell at .0001 or .01 it don't matter to them that's why they are not concerned about getting anything going and that's why our O/S keeps going up. The company can do 10 R/S's in a row and it wont affect there ATM. They only way to stop them is to pay them off fast and don't borrow any more money from them.
It's a cycle that Mike is working on braking. One good deal and we will be on our way to getting rid of these guys once and for all. These guys have hold us down long enough!!!
MAKE IT HAPPEN MIKE! GET THOSE MONKEYS OFF YOUR BACK!!!
I'm thinking they want to become a fully reporting company because IF they are really making the money they say they are making from the car lot this one will move even with 6 billion shares. The are a lot of investors that wont touch a non reporting pink sheet company. This will open us up to a lot more investors. More investors with the revenue UTRM is claiming + with PotNetwork being built I can see this over .01 again. That's what I think there plan might be to be able to up list in the future.
I'm not sure I believe that they will become a fully reported company just like I don't believe they will do a buy back. I'm hoping these guys are for real this time, but we are playing in the pinks. The pinks are mostly just about catching nice waves because most of the companies are BS. If we become a fully reported company I will be a true believer then, But for now I walk with caution. I got lucky and was able to score 2 million at .0002 and another million at .0003 to add to the 300k I have been holding since the PPS was at .0030 on the way up last year. I do feel safe buying at these levels. I think these guys will make enough happen for everyone to make money if you buy down here even if they drag the audits out and never get them done to be fully reported.
I don't see an R/S till the company changes direction again and all the board members as we know them are all gone, but I do see an A/S increase which is way better for us then an R/S. Just don't understand how they could do either when there PR'ing there looking into doing a share buy back unless that is all fluff. Personally I think it's all fluff but who the hell knows. Being tho they PR'ed that there looking into buying shares back they will have no excuse to raise the A/S. Why would they need more shares to sell when you are talking about buying them back? I can't wait to see how they will handle that if they end up raising the A/S. I still feel UTRM is worth the gamble. We will soon see.
GOOD LUCK TO EVERYONE!! UTRM!!