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I answered the question. Currently, the answer is no.
I never said that.
And I checked for you. Here is one company.
http://localproductco.com/keef-cola/
In regards, to your Obama quote in 2008, there was an attempt to change the classification. It failed to pass. I am not sure if a bill in put before congress right now would pass or not.
THC, derived and synthetic are Schedule I, or III, controlled substances in the US still at the federal level.
There are companies that produce THC energy drinks but not for sale in the US.
MNTR DD - "Make it up as you go."
That Steve Jobs quote is great to describe this company and others.
This will probably be the most positive DD you will read from me in this sector.
MNTR reversed into Main Street AC Inc. after bankruptcy. Main Street owed 400k in back salary which is nice of them. Now, as reverse mergers goes... this one was good in that it aligned a company that basically was an "investment club" with a company whose CEO really wants to be in hedge funds.
http://www.otcmarkets.com/financialReportViewer?symbol=MNTR&id=16949
MNTR also went bankrupt and after coming out engineered a 1000:1 reverse split for its 1400 holders. This is a pretty good sign actually. Wait... 1400 investors? But, back to that reverse merger, they also brought in a bunch of oil and gas companies (read my last post about hype-able stock sectors) and some of these... well...had leaders that went to jail for 6 years. Even the postal service was involved along with the FBI. Whatever! In the past.
So what the company did was "delist" itself from the pink sheets to the grey sheets (gray sheets if you prefer). If you don't know a grey sheet is a pink sheet only without an oversight. Basically, it is what you do if you (a) have something really, really good and don't want anyone to know about it... or have something so bad you feel the "pinks" is too respectable. Strike that they odds of the former are pretty slim.
Again... in the past. So the guy that runs MNTR is pretty sharp, Harvard, Masters in Physics, an actual linkedIn page with a picture. A person, who well exists and hasn't changed his name recently. So that in itself is AMAZINGLY positive news. And he is really, really easy to figure out what he wants.
MNTR has managed to get involved with a hedge fund. At this point, I am going to say I have no IDEA what the hell they are trying to do. I know a fair bit about managing funds and I have absolutely no idea what the hell this guy and his "hedge fund" manager are doing. It is either brilliant or completely idiotic...
Somehow, the CEO is attempting to not have a hedge fund but yet fund another hedge fund (15 actually) and not manage them but yet get 35% of the commission.
For those of you who don't know what a hedge fund is...
http://en.wikipedia.org/wiki/Hedge_fund
It is basically, a bunch of old woman pooling there money at letting one of their grandsons do whatever he wants. Except, in most cases the "money" is billions and the grandsons take 20% of the profits and 1%ish of the investment. So if you manage a hedge fund you get rich... very rich. For honestly, letting the S&P spank your ass every year.
Now the current hedge fund "associated" with MNTR has performed very poorly returning 19% over 7 years and only has 17 million in assets. Just to put this in perspective there are college Investment Clubs (college students) with larger assets.
http://www.otcmarkets.com/financialReportViewer?symbol=MNTR&id=16954
First, of all a hedge fund with under 25 million I didn't even know could exist... the fees and maintenance costs with the SEC are really high now-a-days and I am not sure how that could even function...
So now we are caught up...
This guy is real.
http://www.linkedin.com/pub/chester-billingsley/16/14/524
and so is one of the other share holders...
Earl worked for Tandem Computers, which was a good company that went bankrupt.
And they are respectable or so it seems.
And the are so easy to figure out - Chet's salary is tied to getting a percentage of the revenue of the hedge fund and that is tied to the stock being above $8 for 6 months.
Which is sort of stated on their page…
http://mentorcapital.com/investors-corner/ceo-shares-in-escrow/
-----
Here is the shares outstanding...
Market Value1 $12,196,693 a/o Jan 17, 2014
Shares Outstanding 6,419,312 a/o Sep 30, 2013
Float 1,545,670 a/o Sep 30, 2011
Authorized Shares 400,000,000 a/o Sep 30, 2013
Par Value No Par Value
So, according to the SEC the CEO has 10% of one of those numbers and that is tied up in escrow according to the webpage. His salary is only 100k until the stock is $8 and then he gets 35% of the hedge fund revenue...
There are only 1.5 million shares right now... so what the CEO wants is to get lot's of money into a fund or into other people's hedge funds (again I don't follow what the point is). But he wants 140million that is for sure.
So if the stock is $8.00... he gets (1% of 140 million + 20% * profits) *0.35. That is a lot of salary.
Now, there is little MM activity so this probably won't be played... but then they "invested" in MJNA.
I have to say this is pretty creative. I mean the guy went to Harvard.
That should read "tens to hunders of millions of shares" sorry for any confusion.
PHOT DD -
So a little background on MM activity. This is basically a repeat of what I posted to the FITX board so I will be terse here. MM acquire stocks in certain sectors that are hype-able. Over the last few years solar, gas, biofuels, etc have been in this category. Pot has been hybe-able now since 2004. They buy these a very, very low pps and they buy tens to hundreds of millions of dollars.
Just follow along below and realize legalization of pot has been going on since the 70's.
http://en.wikipedia.org/wiki/Timeline_of_cannabis_legalization_in_the_United_States
Every year or so there is some big news and every few months some little news. So what MMs do is buy the stock in large quantities. Then wait for the hype. They restrict volume for awhile and then one morning flood the market. That is what happened to almost all of the pot stocks two weeks ago. They will restrict then flood numerous times and then slowly march the stock back down to start over. You can watch the L2s and witness this restriction of liquidity.
PHOT had a muted version of this because a few weeks before PHOT had news of new board members that started the stock up a bit early. No this long/short MM play works as long as the company has no real value. If the company had value then the buy pressure would break the ceiling they put on price and the short play fails and the MMs loose lots of money. Honestly, I have never seen this happen.
MM's don't make their money on the hype (granted they make a lot of money in the hype) - they make money in the periods of no news, ie from now until April when Wash St. will have the meeting to discuss the implementation of its proposed law. So as I have stated before the stocks will get marched down, to cause people to get frustrated and to cover the short... and then the stock is diluted.
Whether you believe this narrative is unfolding in the pot sector or not the only thing you need to know about PHOT is this, on February 7th they will dilute:
"To approve an amendment to the Company’s Certificate of Incorporation to increase the authorized shares of common stock of the Company (“Common Stock”) from 1,000,000,000 to 3,000,000,000...It also authorizes 10,000,000 shares of “blank check” Preferred Stock"
That phrase "blank check" has never been used to mean anything good for anyone other than the person holding it even if you think 3x the number of shares is wonderful news.
The way these organizations work is there is always a person whose voting rights guarantee a majority so that the dilution is allowed no matter what.
If you want more fun stuff - just like FITX has EDXC, PHOT has CANX-USA.
http://www.bizapedia.com/nv/CANX-USA-LLC.html
They have an agreement with CANX USA, which has only been around for a few months and honestly doesn't have any employees, any business filings, in fact of you google "CANX USA" -Growlife you will see CANX doesn't even exist except that PHOT created it. It is not as elegant as EDXC/FITX incestuousness.
PHOT is relatively new to the MM game so this should play out a few more times.
I thought people would ask about ZDPY actually...
I am not following anything. What I came here to do is finished. And was finished before I ever made a post. I just needed some people to come forward and provide "proof" that the analysis was correct so I had to poke some holes in a stock to do that.
I don't plan on posting to any other board than this from now on.
I am not going disagree with you that the patterns are there. My background is as an analyst :) Was as an analyst at least.
Well, the FITX and EDXC connection is through a different path than MMA. One of the posts I did on FITX's board goes into more detail on that connection.
I can't say I completely disagree with you.
But, it all depends on a persons buy in position whether or not a hold is a fair play at this point. Since, most users started posting long after the run up began (which started for most of the sector in early December) it is probably a fair estimate that a lot of "holders" are in over their head.
If you are flipping for profit or to accrue that is another story.
O.k. I have numerous request for PHOT. So I will post on that later.
Disclaimer -
I have traded PHOT in the past, over the last two years. Last I traded it was Wednesday of last week. No intentions of buying it back anytime soon.
Not drawing a connection just noticing.
Introduction:
I appreciate newmedman's introduction but the group should probably ask "why I am on iHub." "Why did I start with FITX?" etc
So I will answer those first.
I am on iHub because I am looking for insiders and pumpers and/or manipulators those working for MM, etc. Not, really for the stocks themselves. I had originally planned on tracking Yahoo Finance but I was told but someone that iHub is more "entertaining". So I started here. Plus this interface is very easy to gain information quickly.
I didn't start with FITX. I started with BITC, but the SEC acted before I finished so I switched to FITX.
Any stock you ask me to investigate I will inform you of any positions with which I might have in the stock. Currently, I am holding no shares of any companies in the pot sector.
newmedman just let me know which one you want next. AXXU was pretty boring.
What exactly does that mean?
When the family is selling shares in the company it is relevant.
DD: AXXU -
Here is a list of all the "companies" in the chain of Axxess.
AZIA Corp.
Ambush Media, Inc.
Secure Luggage USA, Inc.
Visual Bible International, Inc.
American Uranium, Inc.
American Uranium Florida, Inc.
American Uranium, Inc.
Zencrest Holdings Corp., Inc.
PRS SUB III, INC.
If you check you will see that many have gone through bankruptcy and awarded shares to creditors to avoid such nastiness. In case you don't know all the information is here.
http://www.otcmarkets.com/research/broker-dealer-dir
You just have to read through the Articles.
The current form of the company lobbied legislation in Arizona for an ignition lock system to be installed in cars and suceded. Some background on our countries DUI laws. The law is very real now that these devices are / can be forced in DUI cases.
http://en.wikipedia.org/wiki/Ignition_interlock_device
From the SEC filings...
"Axxess spent the last 9 years developing the Axxess Unlimited Ignition Interlock processing system. The first phase of the final version of the platform was launched in a limited release to Arizona Monitoring Systems, LLC (d/b/a Safe Harbor) in October of 2011 with better than expected results. Axxess is now ready to release this product into other areas of the country."
Here is the products website
http://www.axxuair.com/air_states.php
which doesn't even report on Alexa.com. Let me repeat, that site has had so little traffic it fails to even register.
http://www.alexa.com/siteinfo/axxuair.com
And there other site Axxess Unlimited.
http://www.alexa.com/siteinfo/axxessunlimited.com
has a lower rank than my dog's blog. More concerning to me is the lack of any "Career" section. I company that has been around for 9 years should have a HR department and hire occasionally. Ignore that comment it is just my opinion.
You can compare the traffic ratings to a company that is making money in this space.
http://www.alexa.com/siteinfo/smartstartinc.com.
Relevant to this board, AXXU are claiming that this "product" possesses IP for marijuana. Which they claim here...
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1203415888
But the patent,
http://patents.com/us-8059003.html
clearly states alcohol. Most patent attorneys are good at being vague but Axxess' wasn't. It is specific to alcohol. So it does not apply nor can it be applied. Now I am not a patent attorney BUT I do hold two patents so I am fairly familiar with this. Plus, they don't appear to make any devices anyways just software that integrates with other peoples devices so you can't patent a data structure.
----
AXXU "reports" a good revenue increase but there is an issue in why the company fails to turn a profit? The balance sheet has retroactive salary payments for the last quarter which is strange along with quite high R&D and administrative expenses considering the number of employees... which is either 1 or 4 depending. There are more than 800 investors now... and 4 employees?
http://www.otcmarkets.com/stock/AXXU/company-info
The "1" figure comes from the SEC filings which list only Roth as an employee...
And, the number of authorized shares showing up is 125m (see above link as well) But according to the filings in 2010,2011 and 2012, this company authorized 700m (that is 2.1 billion in total). No idea where they are. And the offering is very strange. 1 preferred shared is issued each year and 699,999,999 non-preferred shares are issues.
So after 9 years, with the law in place this company has failed to have positive cash flow. That is not a good sign.
Now there is very little MM interest so far in this company so far so as of yet there is no long/short traps in the works... but that is probably because JCD Capital owns almost all of it. I am not going to touch JCD Capital. I am pretty sure there are plenty of posts on iHub related to that firm and Mr. JCD.
So, in short this company has a product - a software reporting tool - it does not make the device that goes into the cars. If there are DUI/DWI laws passed for marijuana and if those laws force and this company is positioned correctly they could profit from that. Yet, they basically are in the same place currently with alcohol and they can't make a product... hmmm. As far as I can tell no DUI law has any requirement for reporting... that is the issue and most manufactures of the device can "report" if necessary.
There doesn't appear to be any fraud or deception here. But, there really isn't anything here at all.
But, then again this company and all it's sub companies completely vanished for awhile so it will take me more time to figure out why...
Unlike other pot sector stocks that I can trace to organized crime in Africa and the Middle East this appears like an attempt at a real company. Just a retired judge that thought he could get rich buy going into software and found he couldn't so now AXXU is trying to jump on the MJ train.
Because of the current lack of MM activity I doubt there will be a serious run up of the stock. But, watch
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=axxu&SortBy=volume&Month=12-1-2013&IMAGE1.x=23&IMAGE1.y=6
over the next few months and see.
Ancillary information:
There is no mention of them or their product on any state websites (here are two):
http://www.wsp.wa.gov/traveler/interlock.htm
http://www.azdot.gov/mvd/driver-services/ignition-interlock/interlock-manufacturers-and-installers
And, coincidentally much like FITX and EDXC there is an MMA connection through this group
http://www.wsof.com
You are on the right track to what I alluded to in another post.
Investigate some of the family members more thoroughly...
It came from the SEC filings. They are all true actually. There is just 800 million shares in the float that haven't changed hands in the period of time Google tracks its number...
ok newmedman... pick one symbol.
No, I am not affiliated with them or anyone associated with them. But, that too is an intelligent thought.
If you want I can go through and upload the analysis I have done for that company as well.
That is just the Naked Short positions.
Float question:
On this page (look above) it says the float is Float: 1,553,931,402 shares
But, Google has the Float as Shares 736.32M
And the OTC has it at Float 1,410,066,362 a/o Sep 09, 2013
Why the large difference between the registered and actively traded?
That is the naked, ie uncovered shorts which is a percentage of the short float.
See below for the complete naked data:
http://otcshortreport.com/index.php?index=fitx&action=view#.UtnJwxY8L-k
You will see the only day last week where there was a significant post 10am surge was January 08 which held a naked ratio of 41.07%. That day the stock made 0.03. And even that day all shorts covered.
The following day the short ratio was only 30% and the stock crashed during the day. I am sure you sold @ 0.0301 but I imagine a lot of people didn't.
And, FITX hasn't "held". It's lost 6% this week.
And it is really curious statement to postulate "if we see" then. Sounds like you are playing the lottery.
Beware of anyone who selectively picks two days and tries to do a Jedi Mind Trick on you.
And opinion is neither accurate nor inaccurate by definition.
Yes, but I am not sure you want to be holding at 0.008 after it is over.
Yes. The stock will hit 0.04 and then crash to 0.008 or lower in about two days. But, unless someone can buy 100 million shares at 0.0206 at one time... it won't happen.
Why would they move it up? Logically? What would that gain a group that has been shorting for 7 straight days?
On the 500 million day almost 300 million shares were shorted... That is 10 times today's volume...
Read that article. Then go back and look at not only FITX but the other stocks in this sector. If you understand and agree with his points... he tells you how to play at the end.
You realize the FITX is down 6% this week?
So had you sold and just waited you could have made... 6%. Not sure I'd be happy about that fact over all.
Yes you are completely correct. And that is an astute point BUT...
how many shares do you hold? If you think your point is true you should have bought that 10m ask and pushed through. Let everyone follow you up. It would only cost you what 200k? Or put another way 1/5th of the total trading volume. Maybe if you pooled everybody here you could get that kind of buying power. But, there are 20 pot stocks, and each are riding the same way. So the resources to break through that wall are spread pretty thing anyways.
500+ millions shares traded in FITX last week and the stock didn't break 0.032 so at today's volume it is doubtful there would have been much of a more upside. I am pretty sure there would have just been another weighty ask above yours anyways. And a better question is if 500 million shares traded can only get 30% over today 40 million... what would an extra push from you do?
The MMs hold a few hundred million at least. I watched CDEL, ATDF, and others dump high and then buy back 10's of millions of shares in small 50 and 100k blocks.
And there is a reserve of a few billion coming on the market in a few months so unless you break through the short now...
The short volume yesterday was 30%. And the days to cover is still 1.0. And it has been 1.0 since this rally began so there probably won't be any squeeze. In order to be a squeeze that 1.0 has to go up over a few days.
The shorts seem to cover by 11am and then just wait... just like that article stated.
http://peppa.com/stocks/mm.txt
"2. Another way is by running the stock up in the morning, averaging up their
short then use the above technique to walk it down in the afternoon. Hopefully,
after doing this for several days, it will demoralize the buyers. The volume
will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets
either Up or Down if they are short. They Short More. They usually try to cover
after the frenzy is out of the market. There are many other techniques they use
but the above are the most popular."
The stock was down 6% on the week...
I have answered this question numerous times.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0
ATDF
AUTOMATED TRADING DESK FINANC 83,141,525 5 11 53,007,908 5 12
People have asked me questions and I am trying to answer them.
Waterway request:
So I am trying to find anything that might be legit. I was excited when I found a request to alter a waterway from Bahige Chaaban in 2013 but then I found out it is in Detroit and is to Lake Sinclair. It is a dock.
http://erca.org/wp-content/uploads/2013/01/BofD-Meeting-Agenda-Consent-FULL-12Sept20131.pdf
976 ALBERT RD, LAKESHORE
So either he now lives in Detroit or he is practicing law. Which in most companies would be a conflict of interest.
I asked for my opinion.
Laws: ALen121 if you are long on FITX you can get the legislation for each state considering online long before the stories hit the paper. For example, there are some very peculiar zoning restrictions being proposed.
Florida, New Hampshire, Oregon, Washington, Nevada, New Hampshire...
Dilution:
Voting on issuing shares would have occurred in November or prior, assuming there was actually a capital influx at that time. If anyone owned shares prior to that time they should be able to directly answer your question about that. But, I can not find any share holders meetings for this company and that would have been the event at which this would have occurred.
If there was a considered future dilution, there are 3billion shares currently and Bill's voting rights trump that. So it wouldn't matter what anyone on this message board would vote.
The value in a company is not in the product it is in manipulation of the float. The shares that are outstanding were not executable options so most of the people in play here have no capital investment in this company. And then ones that do have recent shares issued at 0.0001 so as long as the stock is above that 6 months from when they were issued it is basically free profit.
If you want an example, look into CYMA. It is not tradable yet but you can go through the initial filings this week and see that most employees were not given stock but options so each has to purchased them. Those are the Form 4's.
FITX Analysis
I have been asked both publicly and privately to provide an opinion on FITX as a whole. Here it is, I will try to be objective as possible. Previous posts have links to as much DD as you could possibly want.
If everything goes well and all the hype is believed then the stock in 6-7 years COULD be worth between .40 - 4.00 based on a P/E of 10 - 100 and a margin of 80%.
Here is how that would have to unfold.
Permits would be filed for electrical substation and holding tanks. And this waved through.
Construction would start in late March/April after the weather warms (yes there is a building but that is not enough)
The holding tanks, heating systems, lighting and substation requirements completed prior to November so there can be an inspection.
License Application to Health Canada applied for 2015.
First growth starts March/April 2015 and harvest August. Probably a scratch growth.
First sales April 2016.
NO one else gets permitted. Only the current three and FITX.
The "security" transport company would have to own a truck at that point
...
Any faster timeline I can't even fathom is possible.
The US market will only open up if Canada allows exports which it has stated it won't until the Federal Law is repealed. I don't see this likely in the next 2 years so sales would just be off Medical Marijuana in Canada. So basing the revenues off of mr "Bill" Chaaban's statements that is how I reached the numbers above.
But, what I think is more likely to happen is in the stock will be diluted. A lot.
The MM's will continue control the stock price and there will be random peaks but overall the price will retract. That is just my opinion. Pot stocks are particularly emotional things at this point and it is possible that just shear love of ganja will keep this stock afloat BUT if that happens the MM's that hold most shares or so will no longer find the long/short hedge profitable and will dump. There will be a lot of those Thursday 1pm crashes.
In the whole sector there is only one company that has decent people in control and a viable future in my opinion. There are many in the private sector but not in the public sector.
On a scale of 1 to 10, 1 being a scam and 10 being a solid company this stock would not even get a number.
I can't believe any of the hype.
The previous enterprise this organization attempted included people like this:
http://www.mmamania.com/2011/9/23/2444614/musclepharm-executive-vp-leonard-armenta-resigns-in-wake-of-ufc-135
And no person involved has ever successfully run a business. The CEO has a failed law firm and a failed company. His associates are unsuccessful at previous business ventures. They funding is spurious. The CEO has already misled Forbes with statements.
The logistics don't make sense either to grow where they are located. Ignoring, the people involved with the ownership of the property and previous business dealings. And at best FITX will be 2-3 years behind the three current vendors and the OTC dispensaries so I doubt they will even get much market share.
If they had a botanist or horticulturist on staff that might give some credence to any of this. But, the company is a bunch of personal trainers, failed business owners, a failed pharmacist, and a bunch of people trying to raise Windsor and Essex County out of the position it is in. Having one of the highest unemployment rates in Canada. Parts are 25%.
I mean I would be happy if anyone associated with this had a resume online that wasn't created recently.
Pot is an extremely valuable tax addition and because of that I think the market place is the right one to get rich. Eventually, the stigma of it will be surpassed by the need for the revenue from it. But, personally I would invest in a small grower in Oregon or Washington.