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For the people on this board that know that I don't BS when it comes to my DD.
I talked to Mike today on the phone for about 45mins. Mike sounded very excited about the Maine deal and said it was very close. He did say he had ran into a few problems, but got them all worked out. He told me he will not give up and will fight with all he has to brings value back to the share holders. He truly feels bad and I think he is embarrassed how things played out so far. The debt holders really messed him up I think. I have been talking to him at least once a week on the phone for almost two years now and never heard so much passion in his voice like I did today. A week ago I would have told you I think he might be ready to give up. I don't believe that at all right now. I believe he will get this done this time.
The PPS right now could be the deal of a life time IF he pulls this off. I'm not saying he will but I believe and he believes he will.
MAKE IT HAPPEN MIKE!!!
How did you come up with your wild reckless prediction of a 10,000 to 1 split? What would make you come up with such a crazy # like that?...lol WOW!! Think about it. Even if the A/S was maxed out at 6.5 billion when they did it and they split it like you say they will it would make the O/S 650,000....lol Show me one company with an 650,000 O/S in penny land..You should really do the math before you predict stuff that people will think is crazy. The scare tactic I guess is your only means to try to keep this down for the debt holders. Good luck too you!!
You can't really sign up for something like that and no Mike did not get 2 million dollars from them...lol
Companies in penny land that have no income or very little income have to borrow money from somewhere to fund the company. An OTC listed company can not sell shares directly into the market themselves unless there a fully reported company (GRLF is not) and even then you can only sell a small amount every so often.
There are a lot of fees and expenses a public company has to pay to keep it going and to keep it current. With GRLF making very little money the company would have to go bankrupt in no time if it did not borrow money back from the debt holders. I think the debt holders lend the company just enough money back to keep things going, but not enough for Mike to make things happen. If the debt holders don't keep GRLF funded and the company goes bankrupt from not being able to pay the bills they wont keep getting there shares (ATM).
Mike has managed to keep the company current and pay all the bills. Where did you think he got the money from to do all that? He has to borrow money back from the debt holders for that. This is the cycle where in right now. read the fillings. It's all there. He dose not have this problem with his other ticker. The debt holders were not involved with that one.
If Mike gets this Maine deal together we will not need to borrow money any more to keep things going and can start to pay the debt holders back in cash and not shares. I think every time Mike gets close to making a deal the debt holders hold back money that is needed for him to operate for success. That's what I meant when I said there not giving him the funding he needs to operate.
Mike told me he felt real good about the Maine deal and just need time to get it together. Lets just hope it pans out for us. The PPS where it sits right now could be a real bargain if he pulls it off.
This is how we got in to all this trouble with the debt holders.
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..
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 a new note in the amount of $225,000 which equated to two times the value of those preferred at the time of the transaction. The notes carry an interest rate of 10% with an initial 12 month “interest free” period.
The crappy part about it is these preferred shares converted at 1 for 15 and would have only converted to 450 million common shares if we did not give them a cash settlement and made them convert them. They would have been gone over a year ago and the O/S would have had 2 billion less shares In it. I'm not sure who and how that all got set up. I believe all this was set up before they brought Mike in as CEO. Mike has done nothing but tried to over come this and get rid of these guys. I have seen him hard at work first hand for almost two years now. The debt holders are holding him down with the funding he needs to operate this company. I don't think he even has the money to change the websites to GRLF right now. I think that's why he has not done it yet. All the bashing on Mike is really working against what we are all trying to overcome here and working in the debt holders favor. I'm not sure the debt holders even broke any laws to get this kind of grip they have. It could have just been a slick business move that was within the laws..
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 it is so important that Mikes gets this Maine deal together. I think he knows his job and the company as we know it is depending on it. If he get's this deal together the PPS will be a super good buy at these levels and I think we will be on our way to a huge turn around for this ticker.
MAKE It HAPPEN MIKE!!!!
GOOD LUCK TO US ALL!!!!
Wouldn't that make the O/S only 3 million shares? That would be the lowest float in the whole penny land. Sounds crazy, but I have seen a lot of crazy stuff playing the pennies. I think they will just raise the A/S when It comes time. I don't see an R/S till they get some momentum going to catch the falling PPS that will happen right afterwards. They will need something real good happing before they do it to try to hold it up.
I have no idea. I'm still waiting just like everyone else for the PR that will tell us if he got the deal together. My hopes are up but I'm not holding my breath this time. I have been here way too long and seen plenty of failed attempts as the debt holders dumped a huge amount of shares. Mike told me that he felt really sure about this Maine deal about three weeks ago. I can say for sure that Mike is trying, but swimming against a strong current.
Towelie you hit the nail right on the head. Some people have not got close enough or done enough DD to understand what's really going on with this company. I believe the debt holders leverage Mike with the funding he needs to keep this company going. If Mike gets something going and the company makes money they wont get all the shares month after month forever. A deal will be the only thing that will save this company. IMO I can tell you first hand that Mike has tried and tried to put deals together. I have seen him hard at work with a lot of passion in him. I think now he is being quiet because he is tired of giving us fluff till things really happen. One thing for sure he hates how he has become the fall guy and I'm surprised he has not quit yet..
If the debt holders convert at .01 or .0001 they make the same money so they can care less where the PPS sits.
Sabotage at it's best and yes all the IHUB post bashing Mike do pop up when investors are searching Mikes name or the company name or ticker on Google. I'm sure every investor Googled his name or the ticker to see what he's all about. All the posts that pop up calling Mike a scammer will definitely scare off investors. It's a bad cycle that is only helping the debt holders scam us share holders longer and longer.
Not sure why you are living in the past. This shell sold a while back. If you have proof it did not sell I would like to see it. It had some problem with it and when the problems are fixed and the new company that bought it dose an R/M into it this one will fly. The key is buy now and sell on the news. Never said to marry it. If you bought at .01 and are still holding then I understand your doubts. Buying any stock that's in the trips with a low flout like this one is how you make money in the pinks. Buy now and just wait!!!
If you paid .01 I would really think about avg'ing down! Just trying to help... Good luck to you!
I agree with you! This one will run hard when news hits! The trips are a good buying zone! Buy now and just wait. news could come at any time!
After the sale of the HIRU shell dose anyone know what the attorneys name is or the firm that bought it? I though I saw a while back that we know who was holding it. I believe it was a firm that buys them any cleans them up for people. Anyone remember anything on that?
WoW new site looks better then I expected. Nice work UTRM!
GRLF is 24 on the breakout board right now! Let's hope for a little pop on Monday.
Nice day today. This will be an easy runner when it's time!
I don't think he scammed his other company. The debt holders that were there before he became CEO had a death grip on the company that he had no control of. It was all set up by the last CEO before he left.. Mike has been fighting for over a year now with little to no cash to make things happen and to shake the snakes. Do some DD and catch up on what's going on. ILST dose not have the snakes involved like his other company. ILST is a way safer play! IMHO
This company will be taken over sooner or later and when It dose no matter who it is it's going to move up quick. We move up or down any time there is any volume even if it's small. First PR and we will all be happy we waited it out. A little investment and a lot of time can equal a really nice pay day! We were lucky to get our tickets now while there still cheap!
Get the cheapies before the news comes! It's got a super low float that will be hard to chase. News could come any day!
Name and ticker change
Once the application has been completed and submitted to FINRA it only takes 10 to 20 days for approval. They will have to change the company name in the state there in also which takes like a week. They will prob change it with the state first to make sure it's approved before they change the name and ticker with FINRA.. We will be able to see when it's approved by the state before FINRA approves it even if they apply for both of them at the same time. I have been through this a few times already. When the company takes 2 months to do it it means they did not apply when they said they did. If they applied today it would be done within three weeks or so...
I have seen a name and ticker change make the PPS take off and I have seen a name and ticker change with no effect on the PPS at all. My fingers are crossed that in this case the PPS will take off.
UTRM!!
If your right and it runs to .0003 or .0005 by the end of 2015 that should get everyone buying right now excited. That's a 300% to 500% gain on your money in less then 7 months. Try doing that with any other investment. I'm thinking in the next 7 months will see even higher then .0005. This is why it's so important to avg. down. You Avg down just incase it don't go too high on the next run. Smart money loading 1's right now for some nice gains to come!
GDSM=$$$
2015
Looking forward to next week for some news on Maine!!
GRLF=$$$
2015
I just hope your hungry!!!...lol It's coming :)
GRLF=$$$
2015
Not sure how you would call it a scam? There is no company here yet. We are all here waiting to see who bought this shell that sold a little while back.. The reason that it moves so easy is the super low float. Everyone is holding there shares for the news that's coming. You already see how easy she moves on nothing so imagine how fast she will run on the news of a new company doing a R/M. It will be epic!
When it runs it's going to run fast! Super low float!
I got my climbing boots on..lol If volume comes this will push to copper in no time. A good PR from the new company could do it any time now..
I'm thinking that this one is just getting going. There is still a lot more to come with this new team. Even if it's a scam it will run from these levels soon just on the PR's they will be putting out. Any real progress and we are all golden from these levels. Avg down now while you can so you don't get burnt again. You wont have to stay in so long that way. Make some money and get out if you end up not buying there story. If we end up with a R/S it's all out the window. I'm thinking a A/S increase would be what they will do in time not an R/S. Good luck to us all!!!
Here is some of the answers to your questions.
Audited Fins - Never happened.
TA change - Never happened.
Ad server - He PR'ed that a long time ago and said we were going to wait on that till we are making money and could afford it.
Mobile App - He PR'ed a long time ago and said that that it was still in beta testing and in till they get all the bugs out of it we were not going to get it.
Boots on the ground - Boots on the ground for what? I know he has people on the groung looking for growers to do deals with.
CO warehouses - Did not see any PR's that said we rented warehouses. He might have said we were looking at one or negotiating on one, but never PR'ed we got one.
CO plants - Don't know if that ever happened, but it might have. We don't know yet.
MJmerchant - No banks will let you do that yet. In till the FEDs change the law no one can do it yet. He PR'ed that already.
Mobile testing lab - He PR'ed that they were going to do the testing in a store front in Maine instead.
Maine store front - He PR'ed that he was negotiating a lease on a store front. He never PR'ed that he got a store front. He was looking to rent one and was just negotiating to trying to get one. If he did not PR that he signed a lease why would you think we have a store front?
MJX ad's - Some of the ads were ad exchanges with other sites to get exposer for MJ-Xchange and others we are getting paid per click on them. If you want to help GRLF make some money go click on all the ads.
Just though I would help you answer a few of your questions you have been asking about. Sorry I could not answer them all. I agree with you I would like to know the ones I don't know also.
Don't be surprised if Mike signs a deal in Maine real soon and shows all kinds of proof when it's signed and sealed.
I think we will see a lot of changes around here soon with proof on things. I think Mike knows he has no choice now.
Good luck to all of us!!!
GRLF=$$$
2015
I see you left out no new ads on MJ-Xchange in the past 6 months. What happen with that statement...lol You like all the new ads? What happened to no name change...lol You took that off your list too. WOW soon you wont have a list any more.
If you go back and do DD you will see that Mike told you what happened to most of those things you are clamming to not know about. I guess if you knew you would not be able to post that list. How convenient! Looks like someone is trying to get 1's.
GRLF=$$$
2015
No it will be 2015. Do your DD and don't assume Mike will not make things happen. A lot of tones on here will change soon to "I knew he would get it done" There will be so many words to be eaten that no nonbeliever will ever be hungry again. Watch and learn how these pennies work. Money to be made from these levels!
GRLF=$$$
2015
You are right on how it will work. As non-resident we can not grow so Mike found a way around it. We will still make really good money off it as tho we were the grower. It's just the way it has to be set up to make it legal. Mike will lease a building set it all up with lights and what ever else is needed. He will then sub lease it to the growers but will not collect rent or electric till the crop is sold. (this leaves no expenses to the grower) By him leasing it then sub leasing it to the grower it allows him keep some of the control of the operation. Mike will be in charge of over seeing everything and handling all paper work and bills. GRLF will take a cut of the money made from the harvest. (Consulting fee) He has a few investors lined up and will be showing them the building this coming week. From talking to Mike in the past and knowing what he is looking to accomplish I can bet he has this one set up just like the way I described it.
Investors + Growers = profit with no risk for us!
GRLF=$$$
2015
I can't wait to see how the new team plays this. Bunch of new players with all new energy and ideas. Scam or no scam they are going to get this one up from these levels. I believe there is money to make here. I'm not convinced it not a scam, but In penny land what ticker isn't. They all run with the right story being told. If these guys have a good story and it looks like they do so far the pps will run sooner or later. I picked up another million at 3 the other day to avg down even more... Now bring on the news!!
You are wrong Fish. The deal in Maine is very real and so are the private investors. BELIEVE IT OR NOT! I think Mike found a way around these guys by finding his own funding to make this happen. Mike is fighting for you. DON'T KNOCK HIM! Knock the ones that need to be knocked!! You are going to witness a triumph. He will help this company rise from the ashes! Watch how he dose it!!
GRLF=$$$
2015
I guess you were wrong because there is over 2000 by now...lol I never thought that's what was going to make us the money any way. I always said it was in the grow deals.
GRLF=$$$
2015
That was like a year ago...lol You better believe he likes and understands the marijuana business by now. Take the ankle weights off him and watch how fast he will run with it. He has been trying hard with very little or no funds. To this day he has not given up on making something happen with this company. BELIEVE IT OR NOT!!!
Mike is a good guy that acquired a company that had a lot of problems that were pre set before he took over. He is doing what he can to over come them. I still think he will pull it off and the PPS will run in time!! Getting in at these levels to me is still a no brainer!!!
GRLF=$$$
2015
No doubt on news this one will move up quick. Great share structure. It will be worth the wait! Holding strong for the run or the pump. I'll take either. They will both make you money! We are all here at the right time! Now bring on the news!
This board seems real quiet. It's like a ghost town. Kind a strange for a ticker that's trading over a penny and moves up and down real fast like this one dose. What's up with it? Is the company making money? Are they putting out PR's? I'm just trying to find out a little info to see if I want to jump in.. Thanks for any info...
Anyone know what is going on with this company? Just came across it and noticed it moves quick.
I have no idea. I'm still waiting for an update on that just like you are. I can't say if there is or if there isn't. I'm honest about my posts. I don't know how you know there is not and can keep blasting that there isn't with out anything to back it up. DD like that is reckless and not helping the share price at all.
GRLF=$$$
2015
The PR that I was expecting came out today. I know Mike has been working hard in Maine. I have talked to him a few times last week while he was over there looking for a warehouse for us to set up in.
Mike told me he shifted his focus to Maine because the compotation in Colorado is crazy. He said that there is a big market in Maine and there is very few people taking advantage of it. He has made some really good connections there and wants to position GRLF to be one of the big players when Maine passes rec in 2016.
I hear people bitching how Mike wont answer there calls. I asked him about that and he told me that all he gets is calls from people bitching him out so he said he is not answering any till he turns stuff around.
People will see that Mike is for real soon enough. I have no worries about a R/S happening or any of the other stuff the nonbelievers are spreading. There is a lot of pissed off people that bought too high. From these levels right now buying is a no brainer. Avg down and just wait for it.
He also told me once he gets Maine all set up he will provide so much proof that even the nonbelievers will believe. I can't wait to see some pics of the place.
GRLF=$$$
2015
If I can get them I will scoop up as many 1's as I can. I have not been lucky enough to get any yet today. GIVE ME SOME ONES PLEASE!!!
GRLF=$$$
2015
I think if Mike could have took this broke company out of the hole as quick as most people are asking for him too with out him selling any shares to do it he would have to be a super hero business man that wears a cape over his suit. Let be real for a bit. It's not easy to turn a company like this around. I think everyone not getting any info on what he has been up to is what is making people speculate on false rumors and not true DD. I think that's the only thing that Mike is doing wrong here. I do believe he is screwing stuff up for some share holders confidence by doing it this way, but in the end it wont matter to all the longs that hold on and keep strengthening there positions. Avg down and just wait. Patience will pay on this one!
GRLF=$$$
2015
Where is the DD that tells you that Mike dumped those shares last week? Even if it was him where is the DD that tells you he is on a yacht with our money. How do you know that? When people don't know what's going on people will speculate from there own emotions which miss leads other investors. Not good to do to your own investment. IMHO
GRLF=$$$
2015