Trying to have fun with life!!!! So far so good!!!
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GEVO, no question this is going above a dollar very soon.
Stay patient all.
I agree , gonna be a few folks that will kick themselves by the end of the day!!
Go GEVO
Sure feels good to hold GEVO !!!
Again patience is the key.
Patience paying off.
Go GEVO
Looking good for sure .
Maybe today is the day we breakout!
We shall see
Go GEVO
All one has to do is trace managements steps to see one has been had.
Start with Stohlman , Stone , Wolf , Richardson , Coles , Hamdan , Chaaban , Thomas , Robinson , Scheimann and well you get the picture .
Same douche bags here run the other grey sheet fiasco F!TX
Money is gone folks
People were warned many many months ago , actually years ago .
Do you find it strange that it's taking so long to receive a ticker symbol?
Do you find it strange that it's taking so long for an energy drink to launch?
Do you find it strange that all the so called business's that FITX/CENBIOTECH were
Developing just disappeared?
Just like everyone's money , it all just disappeared!!
Just added to my share count .
She's gonna blow here very soon ! IMHO of course!
Good luck all and have a safe 4th
Lets not forget this stock needs to trade above 1 dollar for 10 days prior to July 25th to keep their NASDAQ listing in tact.
I'm looks by for a big run here anytime now.
You give Bill way too much credit!!
Don't forget the rest of the insiders that made a fortune
Joel
Reid
Ricardo
Gary
Randy
JW Financial
HH Group
And a host of others .
Some will be kicking themselves for selling!!
GEVO
$$$GEVO$$$
Looking good !!
I was not directing that at you personally , just agreeing with you and a few have commented on a few different sites that they exited due to pps going down as early as premarket. All good and I personally am looking for 1.00 plus in the near future.
Holding tight here. Enjoy the ride
Yep , lot of traders kicking themselves,
Get in and stay in !!! LOL
Seems shorting GEVO from here only allows for .57 per share upside if it goes to zero.
I guess small day trades possible , but not worth the trouble.
Too much upside movement possible to be a smart trade. But wtfdik
Good luck
Jx
It's the only reason I'm watching!!
Pretty much sums it all up !!!
I didn't realize you posted the link if a mod wants to delete my last two messages that's fine.
FITX mentioned 1/2 way down page
Marijuana update: The Golden Leaf cleanup, Aphria doubles down
Chris ParryJune 3, 20160
Twitter
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weedslomo
Lots of weedness to discuss today folks, so let’s start with the most confusing of the lot.
Golden Leaf Holdings (GLH.C) is a company I bailed on recently, selling my stock after letting you know about it. Frankly, despite it being a company with great bones in a part of the marijuana industry where big money is being made, the market was just killing the ticker and management weren’t doing what was needed to fight back.
In the absence of information, disinformation tends to take hold, and thus short sellers were allowed to crater the share price. I caught a lot of that loss, but not all of it because sometimes, even if you like the company, you’ve got to cede to the will of the market and get out.
Sadly, the company didn’t do itself any favours. Execs were late on their annual financials, got an extension, and then rolled Q1’s into the miss. Regulatory issues were clouding the outlook at the same time, leading to the extractors stopping and much confusion.
Well, the financials have landed and they’re not amazing. They’re definitely food, much better than the year prior or the quarter last out, and the company has reduced a lot of expenses. But the bulk of the expenses needing to be slashed were executive compensation related.
There’s still into a quarterly loss, and cash is drying up, so there’s limited runway with which to right the ship.
In this situation, any company could crumple and die. You could raise money, but at the current share price, that’s of limited benefit. You could blow out the share structure but, again, that’s long term hurt for short term gain.
Instead, Golden Leaf’s board came up with a unique plan.
They bought into a new financing, but at a premium price to the market.
In a stunning show of faith and investor solidarity, the insider investors took up a new debenture offering at the same share price the company was raising money at several month ago, before it almost halved.
Frankly, this is the best thing the company has done since it went public. It’s an extraordinary doubling down by those with the biggest piece of the business, a demonstration that they believe in the mission and in the company’s ability to get there.
The market instantly reacted positively and the stock has had a nice run for the first time in some time.
But there are still issues to fix. A new branding push comes at a time when the existing brands were pretty well, There are new faces at many points in the company, and folks are being asked to slash wages to help keep the company growing. Not ideal, but demonstrative of the sort of actual change GLH has needed for some time.
Added to that – communication! For the first time in a long time, investors know what the hell is going on at the pointy end. They know, for instance, that the Washington State-based BMF had problems with WA regulators when they were found to be using a non-approved pesticide in the grow process.
The additive in question was approved in other jurisdictions, and is demonstrably better than some of those on the approved list, but the situation saw their grow quarantined while testing went forward to determine whether the crop could be sold.
Good news – it has tested clean by a third party. Should the regulators mirror those results in their own testing, BMF will have $1.2 million in product ready to sell, and will continue as Washington State’s premier grower.
The slowdown brought about by Oregon regulators accidentally rewording the laws to stop all extracting has ended, and the company used that time to bring about some new products, such as vape oils and bubble hash.
The question remains – has GLH learned its lessons about the market, and communication with investors, and fighting back against those who would muddy the waters for their own short-selling gain?
the jury is still out, but it genuinely looks like the worst has passed. If you got back in when the company was selling the 20c-30c range, hold firm because you won’t see those rices again.
In my opinion, you can look at GLH and see where it’s come down from and think to yourself, ‘nope, that looks rough’, or you can look at how much it cost six months ago compared to today, and think to yourself, ‘that’s pretty darn cheap.’
The risk that the company will dry up on the cash front is somewhat mitigated by the new dough rolling in, the risk that there’s something wrong with their Washington State acquisition has been explained by long awaited news releases, and the risk that Oregon might screw with its laws again and force the company to quit producing for another stretch has been removed as the state goes recreational.
This changes everything. It brings the company back to a place where they can re-establish the base that made them such a good bet way back when; cranking out an ever-growing batch of cannabis oil, building up solid and acquirable brands, and turning their revenue back into quick growth.
I’m not yet buying GLH stock back. But I’m tempted. I like the new faces, I like that the board is taking a bigger part in the public markets side of things, and I’ve never not liked the core business.
But I still want to see more. More change. More improvement. More communication. And the next financials landing on time. I suspect there’s going to be a few more shaky days before things really kick back in to where they should be, but I’ll be watching closely, as should you.
APHRIA DOUBLES ITS GROW TO 100K SQ. FT.
Honestly, I haven’t written much about Aphria (APH.V) for the last year, mostly because they haven’t been riding in the same clown car as many weed companies. They’re not big on the promo side, not loud on the PR side, not tangling with others or battling dispensaries, they just get their product out.
So much so that they’ve announced this week they’re more than doubling their grow space to 100k sq. ft, at a cost of $10 million. Some of that will go towards buying surrounding land from their existing landlord, which secures the grow for the foreseeable future.
The company makes no bones about this being directly attributable to the need to expand into an expected legalization of recreational marijuana in Canada nearing 2017.
Other companies will be looking to do this too, but few have the war chest needed to bang out a $10 million expansion today.
But the bigger news, for mine, is hidden away in the bottom of that news release, as it pertains to Aphria taking a 7.4% equity stake in Cannabis Royalties for $1.5 million.
Who is Cannabis Royalties? Former Head of Capital Markets at Dundee, Marc Lustig, is Cannabis Royalties. He’s been cooking this little goulash up since late 2015, making quiet moves on the private side to acquire a piece of solid outfits that genuinely work in concert together in the non-growing end of weed – including extraction, delivery systems and IP.
You know, what Pharmacan (MJN.V) should have been, before it became ‘GettingInYourWayAsYouTryToGrowCan‘.
Aphria’s investment is key to CanRoy’s plans, being as that company is looking to move quickly into extractions, while the aggregator will have much need for a good source of grown product.
I have hinted that an MMPR player was looking to take a stake in a new player that will be big, and this is it. The ‘big’ part of that story is yet to come, but it’s coming. Lustig isn’t messing about.
Neither is Aphria. Check out their recent financials and you see a story that has totally shifted gears into a place that all others should be mirroring. They’ve jacked up their quarterly reves from $2, to $2.6m, they’ve hit break-even, they brought in that fat financing for growth and acquisitions, they negotiated their piece of Cannabis Royalties, EBITDA was $400k, compared to a $600k loss in the quarter a year before.
Organigram (OGI.V) is doing fine sucking users up from pain clinics, Canopy (CGC.V) is doing fine throwing cash about to maintain their place at the top of the tree, Supreme (SL.C) is quickly moving into a solid place, and Mettrum (MT.V) has been raising money hard, presumably for an Aphria like expansion or acquisition of someone smaller.
This is all good news for the weedcos, who are finally into that whole ‘build a big boy business’ stage that so few have been able to reach after the Green Rush of 2014/2015.
AND THEN THERE’S THE FRAUDS
Not joining that shift is one Creative Edge Nutrition (FITX), AKA CEN Biotech, AKA Bill Chabaan’s multi-million dollar scam that I spent a year working on taking down.
The short story about FITX was, Creative Edge started telling people it was going to build the biggest medical marijuana plant in the world, back in early 2014. It was a claim so outlandish that it made it onto the late night TV talk show monologues. A billion pounds of weed!
Problem was, it was a lie. The town the company was based out of hadn’t given permission to build a big ass weed grow, didn’t have the water for it to be possible anyway, and the company hadn’t built anything more than a fence around a pole barn while it was claiming ‘everything is in place’ for the company to ‘open in a month, when it is licensed.’
A lot of media took that story on without question, but the devil was in the details. And everywhere else.
There was the constantly changing CEO signature on official documents, fake employees signing off on company news releases, fake news websites that only wrote nice things about the company and slammed anyone who didn’t go with their hype as being part of a huge conspiracy. There was a Facebook page that the company regularly stripped of any negative comment, fake Twitter users that did nothing but attack naysayers, threats of lawsuits against commentators who said mean things, actual filed lawsuits against one (though quickly retreated from when it got real), a town meeting that nearly ended in a fistfight, then came devastating articles in the national press alleging clear pump and dump activity, the federal opposition calling on the then Health Minister to shut the company down in Parliament, the company claiming that the Health Minister was best friends with them, the Minister angrily making clear that wasn’t the case, and finally a rejection of their MMPR application. At one point Marketwired fired FITX from using their service when it became clear the company’s press releases were outright lies.
But that scam worked for a while, allowing Chabaan and his buddies to load up on sub-half cent stock, which quickly rose to $0.10 before the inner circle began dumping it.
While the whole shit show made the paper-stuffed CEO a millionaire, and paid for a multi-million dollar condo in Vegas, he worked double hard to convince as many idiots as possible that he was the victim of a huge conspiracy, and that he was going to sue the government for its rejection of his love.
Basically the whole thing was a crime syndicate. But it kept moving along as the CEO pivoted, claimed he was going to spin off a couple of companies, and that one of them would pursue an energy drink deal. And while that was going on, he’d eventually have his day in court.
I laid out the company as hard and often as I could, dropping a straight up legally actionable headline on the company when I wrote “FITX is a straight up pump and dump” at Stockhouse last year. The boss was worried that FITX would run straight to the lawyers, but I said, “Let them – the discovery process will be delicious.”
No legal actions followed.
But death threats did. Lots of those. I got doxed a few times by Chabaan’s followers. I watched as his army of fake social media accounts spammed every media email address they could find with accusations that I was on the take from short sellers, that I was in league with the federal opposition and the NDP and other LPs.
It would have been easy to leave it alone. Certainly a few people advised as much, saying, “You’ve done your job, anyone who invests now is an idiots and deserves what they get.”
But I didn’t see it that way, especially after receiving an email from an investor who thanked me and said his house was on the line when he read my piece, and got out of the company in time to ‘only’ lose a car.
The share price since has gone from that $0.10 high to $0.003. It also slipped to the greys, the only action US regulators have bothered taking on one of the most obvious and dumb frauds on the OTC in years.
But this week it all came to a genuine end. A few days ago, with FITX having served the Health Minister with court papers, a judge finally said to all concerned, ‘okay, let’s do this. You have 20 days to get ready for that lawsuit.’
And, just as I predicted months ago, FITX quit.
From court documents, filed this week, it’s clear the company put its tail between its legs and ran:
Letter from Respondent dated 01-JUN-2016 …ON MAY 27,2016 SERVED WITH ATTACHED NOTICE OF DISCONTINUANCE FROM APPLICANT… WE ARE PREPARING BILL OF COSTS FOR MINISTER… received on 01-JUN-2016
Yes, not only has FITX pulled the plug on their last charade, but it appears the Minister will be demanding they cover the government’s costs.
Bless. I took a solid eighteen months of abuse from FITX investors for my part in the destruction of this bullshit ruse, even as everything I wrote about the company came true and the share price shattered. It was clear to any thinking person what was really happening, because the CEO was so amazingly bad at covering up his tracks.
When confronted with his sins, Bill Chabaan simply shrugged and said it doesn’t matter. When it was proven that people were signing company documents in his name, he said, “I can sign my name Ronald McDonald if I want to – who cares?” When confronted with evidence he was putting out news in the name of a fake employee, he claimed his employees were receiving death threats, so he allowed fake names to protect their safety. When confronted with his share sales while he was telling others to buy, he said he sold to pay for more investment into the company, something that never showed up on any trading documents.
Honestly, the dumbest excuses spewed from his mouth on the regular, but investors hung in because they somehow wanted to believe that there was some giant conspiracy keeping their company down. The death threats were coming my way, not his, and they were coming from insiders who had already faced the SEC in insider trading charges with previous companies.
FITX still trades, which is the most amazing and horrifying thing about the whole mess. Admittedly, it trades by appointment and at a price that features many digits after the decimal point, but the fact that the CEO was never called to task by the SEC for his lies and fraud is something that proves to me that the OTC will never be a real place to do business.
And that there’s always a new group of suckers about, just waiting to burn their money on stupidity.
In fact, a quick check on iHub finds the same group of suckers who a week ago were saying ‘something’s happening in court, here comes our payday!’ and now saying, ‘who cares, we didn’t need a license anyway.’
Good thing, because you’ll never have one, chumps.
CEN Bio news out , don't have the link but it's a shareholder update
I guess. Pretty lame for sure.
When you click the # giddy up it takes you to the Twitter acct and says it's a phone app.
But she clearly states energy drink .
As always with this stock who knows
Hate to tell you guys but the giddy up Lynn Jeter is promoting is a phone app not the energy drink.
The share structure is very nice , could be a big mover here.
Just want to let her open up !!
Good luck
Interesting company here, may jump in here at the open .
Think someone said this may be under the radar.
Find out in a few minutes.
Good news here!!
Unfortunately we could see 20 one million share blocks and it probably won't budge a tick.
Not a bad day at all !!
If SBFM holds .012 that would be a good thing.
Pretty good move happening here with SBFM
Ditto
That would be sweet , one penny at a time ,
.02 would make me very happy!!
Great week !!
$SBFM
Share structure is good here
They file with the SEC which most pennies don't.
So I like what I see .
I'll ride this for a bit for sure . Some rumors going around on Twitter .
Something about a merger but that would be nice if true.
I'll believe it when I see it.
No pm, I was long a few months with Zfgn .
Had shares at 7.00+ and doubled down at 5.70
Sold monday at 6.93
I'm here now , how long , we shall see
Sold my $ZFGN and dumped it all in here between .007 and .0071
At the beginning of the week. Right on time .
Looking good for sure!!
SBFM $$
Love to see a close over .01 today ?
SBFM
Nice day , closed at .009
Maybe we get thru .01 tomorrow
I would be quite happy to see .04 hit
That is the 52 wk high.
Need news, something seems to be brewing
No question those ask's are stopping the pps from going higher.
See what happens , I bought in yesterday at .007.