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Why would they suspend sales for a quarter?
I was examining IGNG’s S-1 filing and net losses are off the charts.
On page F-3, Grapefruit posted 9 month sales of $324,000. However, in the last 3 months ending September 30, 2019 Grapefruit had sales of $0.
In the 9 months ending on September 30, 2018 Grapefruit posted a net loss of $(318,171).
In the 9 months ending on September 30, 2019 Grapefruit posted a net loss of $(3,567,868), with $(2,918,151) of the net losses coming in the most recent quarter ending on September 30, 2019.
Net losses in 2019 are more than 10X larger than in 2018.
Interesting that sales dropped to $0 in the latest quarter and net losses skyrocketed to $(2,918,151) in the latest quarter.
Look at the numbers and it’s obvious that Grapefruits sales have literally fallen off a cliff to $0, and net losses are going through the roof.
https://www.otcmarkets.com/filing/html?id=13852297&guid=AqYjUpB8kdlflyh
But HIPH isn’t selling any water. HIPH’s sales numbers crack me up.
I find it strange that people will chase an empty shell company that has absolutely zero financial disclosures and zero transparency. People “invest” based on hope and prayers. Not a very bright “investing” thesis.
I’m talking about the Form 10 registration information. GRNF is past due and still not providing any GRNF financials nearly 7 months after the deal closed. Something is seriously wrong. Another huge red flag to be added to all the many other red flags. GRNF is not adding up. It’s all hype with nothing of substance to back it up. Without the financials, people are holding a lot of hot air with nothing to back it up.
I wasn’t referring to an 8-K. I was referring to the Super 8-K, and the Super 8-K is past due.
S8-K is past due. Nearly 7 months after the deal closed, GRNF still can’t file its S8-K. Something is seriously amiss when GRNF is still financially dark with zero financial transparency.
Looks like singleseed.com dropped HIPH and going with CBD Organics Nano Water instead.
https://www.singleseed.com/product/cbd-naturals-alkaline-cbd-water-3-pack/
RMSL shares have lost 71% in the past 6 months and have lost 45% in the last month.
HEMP = Pump & Dump Dilution Machine
Smart money sells dead cat bounces.
Compensation expense was $2,083,000 and $27,000 for the nine months ended September 30, 2019 and 2018, respectively. In the current period we issued 25,000,000 common shares each to both our Chairman and CEO for services for total non-cash expense of $2,000,000. We also issued our Chairman 500,000 shares of series A preferred stock for total non-cash compensation expense of $20,000. In addition, there was an increase in monthly salary to our CEO and the addition of director compensation.
Management seems very generous with themselves.
We have suffered recurring losses from operations since our inception. In addition, we have yet to generate an internal cash flow from our business operations or successfully raised the financing required to develop our proposed business. As a result of these and other factors, our independent auditor has expressed substantial doubt about our ability to continue as a going concern. Our future success and viability, therefore, are dependent upon our ability to generate capital financing. The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon us and our shareholders.
Management’s plans with regard to these matters encompass the following actions: (i) obtaining funding from new investors to alleviate our working capital deficiency, and (ii) implementing a plan to generate sales. Our continued existence is dependent upon our ability to resolve our liquidity problems and increase profitability in our current business operations. However, the outcome of management’s plans cannot be ascertained with any degree of certainty. Our financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.
Management seems extremely generous with investors capital given the financial realities.
Why do people like to hold manipulated tickers? What’s the attraction? You’re gonna get out before the crew?
I was examining RMSL’s financials and noticed net losses have increased by more than 400% vs last year.
In addition wow, equity dilution rate on RMSL common shares is off the charts high.
First 9 months 2018 Net Loss $(818,653)
First 9 months 2019 Net Loss $(3,015,636)
https://www.otcmarkets.com/filing/html?id=13743940&guid=-E4jUqJE71ZF43h
I was examining RMSL’s financials and noticed net losses have increased by more than 400% vs last year.
Equity dilution rate on RMSL common shares is off the charts high.
First 9 months 2018 Net Loss $(818,653)
First 9 months 2019 Net Loss $(3,015,636)
https://www.otcmarkets.com/filing/html?id=13743940&guid=-E4jUqJE71ZF43h
If JC is an actual “billionaire”, why was the only property on his person at the time of arrest, $7 in cash? Doesn’t sound like any “billionaire” to me.
https://www.docdroid.net/zbZkBKj/viewfile-1.pdf
Why does JC’s address on his Arrest Report linked below come back to this house? When you look at his place it doesn’t look like a “billionaire” house to me.
If he was an actual billionaire, why does he live in that???
Nothing about Justin Costello is checking out.
38180 SE Northern St, Snoqualmie, WA 98065
https://www.docdroid.net/zbZkBKj/viewfile-1.pdf
Gosh...trading volume just fell off a cliff. Looks like the wash trades have paused.
Sales are dropping really fast at Apple Rush. Something is gonna give.
I read the whole Arrest Report. Threatening people with violence, lawsuits, threatening to have everyone fired and destroyed. Proclaiming, “Do you know who I am?” “I’m a billionaire!!!”
Cops had a good laugh when they saw where he lives. Nothing is adding up and check out with JC.
If JC is a billionaire, why does his home look like a double-wide trailer home? JC’s not adding up.
How many “billionaires” live in a double-wide?
Have you examined his Arrest Report linked below? Good grief.
https://www.docdroid.net/zbZkBKj/viewfile-1.pdf
CHECK THIS OUT.
On page 1 of the Arrest Record, Justin’s address is listed as,
38180 SE Northern Street, Snoqualmie, Washington
And if you go onto Google Maps, type in Justin’s address, go into Streetview, you can see Justin’s house is like a double-wide trailer home.
Now ask yourself...if Justin Costello is a “billionaire”, why does he live in a double-wide trailer home?
Like I’ve been saying, Costello isn’t adding up.
Don’t know any billionaires that live in a double-wide.
Page 1 is funny. Specifically the column marked “Property”.
And under the “Property” section of the form, the only property listed on JC when he was booked into jail was $7 in cash.
Ask yourselves, how many self professed “billionaires” have just $7 in property on their person?
Clearly, JC’s not adding up and people are starting to realize it.
I think Justin needs to get help. I’d recommend Hazelden Betty Ford. They help with all addiction problems. My cousin went there for alcohol and he hasn’t had a drink in like 20 years. They are the best for any kind of drug or alcohol addictions.
https://www.hazelden.org/web/landing.view
JC should explain these criminal charges to shareholders. Investors deserve FULL transparency and nothing less.
Interesting JC never mentioned it and I think he now owes his investors an explanation.
https://dw.courts.wa.gov/?fa=home.fmcdDetail&casenumber=9Z1059403&CRT_ITL_NU=IQM&date=2020-02-26&time=09:00
Clearly, GRBX management have zero financial literacy and operational experience. Liquidity has completely dried up in GRBX shares because everyone knows management at GRBX is certifiably incompetent.
Given this fact, nobody will burn more money with GRBX management, and people that still hold GRBX common shares are Stuckholders.
You can get in but can’t get out.
READ LINK. It states that JC has a Court date of February 26, 2020 in Criminal Court. I don’t see any evidence the case was dropped by prosecutors.
Thought someone knew what exactly prosecutors are charging JC with.
If it’s asserted the charges were dropped, please provide a link to support that assertion. Because the link below suggests the criminal charges against JC are going forward.
https://dw.courts.wa.gov/?fa=home.fmcdDetail&casenumber=9Z1059403&CRT_ITL_NU=IQM&date=2020-02-26&time=09:00
I was examining HIPH’s finances.
HIPH had sales for the first 9 months of 2019 of $11,060 and posted a net loss of $(894,195).
So HIPH has averaged $1229 in sales per month, while losing $(99,355) per month.
How does Ryan lose nearly $100,000 per month?
Therefore, for every $1 in sales, HIPH lost nearly $81 net.
Ryan Fishoff doesn’t add up.
Does anyone know what the specific charges are against JC in the Criminal Court link below?
https://dw.courts.wa.gov/?fa=home.fmcdDetail&casenumber=9Z1059403&CRT_ITL_NU=IQM&date=2020-02-26&time=09:00
Gosh...I think these lawsuits against GRBX should have been disclosed earlier. I read the 8-K. Have you ever eaten financial chop suey?
K.
Legal Matters
Withholding Suit
On November 25, 2019, five companies (the “Plaintiffs”) filed a complaint against us, Global Payout, Inc., MTrac Tech Corporation and Cultivate Technologies, LLC (collectively the “Defendants”) in the Superior Court of the State of California. Plaintiffs filed suit to recover processed funds and processing fees alleged to be withheld illegally (collectively, the “Withholding Suit”).
We do not dispute the funds owed; however, we do believe it’s within our rights to hold the funds, per the terms of agreements signed by Plaintiffs. We disagree with any allegations of any wrongdoing and will aggressively defend ourselves against the Withholding Suit. Ideally, we will settle this claim in the near term. While the results of this matter cannot be predicted with certainty, especially at this early stage, we believe that losses, if any, resulting from resolution of this matter will not have a materially adverse effect on operations or cash flow. As of January 6, 2020 we were not yet required to respond to the Withholding Suit.
America 2030 Capital Limited and Bentley Rothschild Capital Limited
On or about October 31, 2018, Nisan and Errez received constitutive notice, regarding arbitration against Nisan, Errez, PrivCo and possibly PubCo, from Bentley Rothschild Capital Limited ("Bentley") and America 2030 Capital Limited (“American 2030”), both located in Nevis, West Indies, and both claiming breach of contract by Nisan and Errez of Nisan and Errez’s respective individual Master Loan Agreements (see Section I: America 2030 Capital Limited and Bentley Rothschild Capital Limited above) and seeking forfeiture of 1,600,000 PubCo shares that PrivCo had transferred, on or about August 1, 2018, from PrivCo’s Control Shares under the terms of the MLAs. To date, only informal conversational proceedings have ensued.
16
RB Capital Partners, Inc.
On April 24, 2019, RB Cap and related parties (the “RB Cap Parties”) filed a complaint in the San Diego Superior Court against PrivCo, PubCo, Ben Errez and Fredi Nisan (collectively, the “GreenBox Parties”); and on October 1, 2019, the RB Cap Parties filed an amended complaint against the GreenBox Parties alleging claims of fraud, breach of fiduciary duty, breach of contract and other, related claims.
The GreenBox Parties filed a cross-complaint against the RB Capital Parties, alleging claims of fraud, breach of contract, tortious interference, and other, related claims.
On or about December 15, 2019, the GreenBox Parties and RB Cap Parties resolved to negotiate a settlement and agreed in principal to settlements terms. The documentation of the settlement terms was underway as of January 6, 2020.
“Stuckholders” Rotflmao. So appropriate. Love it. May I borrow the phrase for future posts?
How in the world are common shareholders going to pay off $33,718,253 in Company liabilities?
The Fox TV piece is interesting. It was alleged in the piece that JC scammed a lot of people and the BBB had lots of complaints. He took his limo customers “for a ride” and then left them high and dry. Never bothered to follow up with the Better Business Bureau or anyone else. Just a big middle finger to everyone .
Company was shut down from so many complaints.
https://www.bbb.org/us/wi/thiensville/profile/limo-service/milwaukee-vip-limo-0694-1000009103
Ryan Fishoff has been lying through his teeth to shareholders.
In April of 2019 Ryan’s lie began when he PR’d out to shareholders that he expected 2019 revenues of at least $1 million dollars. (See link below)
https://www.globenewswire.com/news-release/2019/04/15/1804109/0/en/American-Premium-Water-Corp-OTC-HIPH-Announces-Two-Container-Order-from-British-Distributer-Provides-FY2019-Guidance-of-1-Million-in-Revenue.html
Then in August of 2019, Ryan again issues a PR reaffirming his $1 million dollars in revenue for 2019. (See link)
https://www.globenewswire.com/news-release/2019/08/07/1898270/0/en/American-Premium-Water-Corp-OTC-HIPH-Reaffirms-1-Million-Fiscal-Year-Revenue-Guidance-for-2019.html
Then we finally get HIPH’s 3rd Quarter Report more than 1 month past due. (Linked below)
https://backend.otcmarkets.com/otcapi/company/financial-report/237437/content
If you examine the Quarterly Report on page 4 HIPH reported revenues of just $11,060 for the first 9 months of 2019. Joke is on HIPH common shareholders. Clearly with just $11,060 in revenue through 9 months, revenues are coming in way way less than asserted by Ryan Fishoff in his PR’s. Ryan lied through his teeth about the sales HIPH was generating in 2019. Reaffirming sales of at least $1 million but only generating $11,060 in sales. Frankly, Mr. Fishoff has lost all credibility and clearly he is not on the up and up. Clearly he’s a total con artist.
And when you consider HIPH in the last 9 months alone has a net loss of $(894,195) on total sales of $11,060.
The business plan is fatally flawed, with a lying CEO.
So for every $1 generated in revenue, HIPH lost more than $80 net.
You can buy in but can’t get out. Just look at the daily trading volume, current market cap, and total debt. Sorry folks but while DIRV may still be trading, it’s bankrupt with way more liabilities than can ever be repaid.
Consider any money still in DIRV as a total loss.
Is there a trading halt in GRNF shares? Interesting GRNF flatlining. Why doesn’t someone kick it and see if it’s dead.
A minimum wage hamburger flipper at McDonald’s generates more income than GRNF.
The problem with HIPH is that Ryan Fishoff is totally incompetent and has no idea what he’s doing. The lack of operational experience, and overhyping to investors as to HIPH’s business prospects is showing.
A hamburger flipper making minimum wage at McDonalds generates significantly more income than HIPH generated in 2019. That’s pretty sad. Makes me wonder, why can’t Ryan despite his efforts, generate more than a minimum wage worker?
I have a sell rating on HIPH shares because a single McDonalds employee generates more income at their minimum wage income than HIPH generates.
When you examine NUGS 1 year stock chart, 6 month stock chart, 3 month stock chart, or 1 month stock chart....when do NUGS common shareholders realize they’re getting systematically robbed while holding NUGS common shares?
How long does it take the average pinkie player to realize it?
Discredit myself? GRBX management never filed anything for 2019, and previous filings prior to 2019 can no longer be relied upon. So it’s management at GRBX that is discredited, and this endless wait for GRBX’s audit is looming worse and worse with each passing week of zero financial transparency. There is no excuse for cooked previous filings, and more than a year of zero disclosures. GRBX management needs come clean.