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Raphael, perfect post. I'm a believer now that on these ORC boards, there is a concerted effort to scare people as these same people buy on the cheap. How in the world people believe that a large roll out can happen in days is beyond belief. He stated in the Shareholders letter that what we were going to see at the outset was PHASE 1. There has been a shift in how Chris wanted to go live, and people believe this happens overnight. Amazing.
You're selling? Screenshot your sales do we can all see. Lol.
Journalists????? Did you think Lena and Tim were journalists??? You didn't think they answered an ad for news anchors and were getting their feet wet by the way the production started?? By the end they were so improved. I'm actually getting sick and tired of hearing negative news about every single thing this guy does! If he hired real journalists for Phase I, all we would have heard was, how is Chris paying them??? If Chris started at a real studio, how TF is he paying for this??? If he hires actors who are virtual unknowns, then this was never real - we're fooled. A shareholder can't win if they read this board.
LaunchTV, castings in NY, working with NBC - this can't be true, right???? He had been far from perfect, but you can't have it both ways. Oh, and if he doesn't press release every breath he takes, then, where is Chris? What's he up to, why don't we have an agenda for his day today??? When 3B shares were mentioned to be retired, it took 3-4 weeks for the official release. I was here, and there were almost no complaints on why it was taking so long. Why doesn't Apple release their iPhone 6 date???? What's wrong with Tim Cook, doesn't he know when the largest launch this year is taking place???? We need to know, why won't he tell us??? There's no iPhone 6, there can't be. The battery stinks, we've been fooled.
Totally agree. This is about the worst it's been.
Last Thursday May 22nd, Chris stated on the Stock Gurus online interview that it would updated in about 2 weeks.
Here's some DD - the following was posted by Invest in Pennies and is a summary of Chris's online public interview on The Stock Gurus. In your opinion Chris is a con man. Well these are incredible lengths to go if he doesn't mean any of it. Why go live over the Internet, why not just press release? This is a company in its infancy, and things take time, the mission statement can shift, and this overworked and stressed CEO (in his own words) is working, and working hard.
UTRM & Stock Gurus Interview Re-Cap
On Thursday May 23rd, 2014, at 7PM EST The Stock Guru's did a phone interview with UTRM CEO Chris.
Unfortunately they had to start the interview early and cut it short because Chris had to leave for a impromptu visit to FOX Studio's. Luckily for us, the interview was recorded.
To listen to the interview you must setup a FREE account on The Stock Guru's website and then click on the UTRM recording. http://thestockgurus.com/
Here are the notes from the interview:
1.Launch TV will help market their new platform with their 43mm viewers.
2. Chris has been working with Russ Markowitz from NBC in new work.
3. Chris will be flying out Sunday to meet with him and to check out some studio's.
4. Potnetwork.tv will have 17,000 ad spots running for $6 each.
5. Chris stated that there will be no dilution going on and all their current financing is being done through 1 year restricted agreements.
6. Chris stated they already have advertisers. Mentioned two but I could only clearly understand Medbox.
7. Jason Santo's is in charge of sales and he himself has owned a couple MJ dispensaries and will become UTRM's chief operations officer.
8. Chris stated that there will be NO rever split in the future.
9. Programmers are working on a mobile app.
10. The new website platform will be a complete new re-design to the old website and users will also be able to upload videos to it.
11. There will be a nationwide commercial to support the launch.
12. Chris plans on buying back shares in the future.
13. Chris does not have any celebrity endorsements but plans to in the future. No contracts as of now.
14. Their old platform with three daily videos brought in 35-40K viewers a week with no marketing.
15. Those videos were stopped due to the fact that they wouldn't become profitable that way fast enough.
16. These changes were made to bring in more shareholder value and more revenue in the future.
17. Their new strategy will translate better for cable networks.
18. Chris projects that in 2-3 months they will be profitable.
19. Chris re-iterated that there will be no dilution.
20. 435K in debt is from old management.
21. Chris is flying out to New York City to find a new anchor.
22. Chris wants to hire a social media director but not yet.
23. A ticker change is coming but legal told Chris he had to wait 6 months, but he sounded really excited about it.
24. Has a few doctors who we speaks to now about the medicinal uses of MJ and hopes to really concentrate on this aspect of MJ.
Chris had to cut the meeting short as he had to head over to FOX Studio's as he had some type of meeting. Over-all we got some nice facts and a nice over-view of what is to come.
After the interview was over, we discovered a link to a NYC agent company was posted on the forums about a casting call next Tuesday. Check it out yourself. http://www.backstage.com/casting/pot-network-34285/
I don't know but it would involve a jail sentence.
Almost dead? That's right, we haven't heard from the company in, what is it now, hmmm....about a week.
Accumulation to stronger hands complete at 26.
Is it just me, or does it take time to get a Phase II like Chris has recently described up and running??????
Yes or No
Why the did he conduct the Live Stream and the online interview???
Read the Rules:
http://www.sec.gov/investor/pubs/rule144.htm
It appears that if one of these insiders wants to sell any shares, they need to file a 144. Here is the latest list of 144's:
http://www.investorpoint.com/stock/UTRM-UNITED+TREATMENT+CENTERS/insider/All+Insiders/All+Types/
http://geoinvesting.com/companies/utrm_united_treatment_centers/insiders
============================
Selling of Restricted Shares
Rule 144: Selling Restricted and Control Securities
When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.
What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restrictive securities, you almost always will receive a certificate stamped with a "restrictive" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. Certificates for control securities usually are not stamped with a legend.
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can meet the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
1. Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. OTC/Pinks =>If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.
2.Current Public Information. There must be adequate current information about the issuing company publicly available before the sale can be made. For reporting companies, this generally means that the companies have complied with the periodic reporting requirements of the Securities Exchange Act of 1934. For non-reporting companies, this means that certain company information, including information regarding the nature of its business, the identity of its officers and directors, and its financial statements, is publicly available.
3.Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
4.Ordinary Brokerage Transactions. If you are an affiliate, the sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
5.Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the notice and, if the securities have not been sold, you must file an amended notice.
If I Am Not an Affiliate of the Issuer, What Conditions of Rule 144 Must I Comply With?
If you are not (and have not been for at least three months) an affiliate of the company issuing the securities and have held the restricted securities for at least one year, you can sell the securities without regard to the conditions in Rule 144 discussed above. If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can’t sell your restricted securities to the public until you’ve gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won’t remove the legend unless you’ve obtained the consent of the issuer””usually in the form of an opinion letter from the issuer’s counsel””that the restricted legend can be removed. Unless this happens, the transfer agent doesn’t have the authority to remove the legend and execute the trade in the marketplace. To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company’s securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you’re considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
What If a Dispute Arises Over Whether I Can Remove the Legend?
If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
It appears that if one of these insiders wants to sell any shares, they need to file a 144. Here is the latest list of sales:
http://www.investorpoint.com/stock/UTRM-UNITED+TREATMENT+CENTERS/insider/All+Insiders/All+Types/
http://geoinvesting.com/companies/utrm_united_treatment_centers/insiders
I hear you, when he PRd the retirement if 3B shares the stock moved up 500%. I hope you got out before that run too. The stock meandered for weeks due to no news. Love that impatience philosophy.
5 weeks is waaaay too long to hold a new company. Buh bye!
Opening remarks from Chris' online interview last week. The words may not be exact - they are my best effort in deciphering the audio.
Hi GP, I really appreciate you inviting me to this, and I also really appreciate everybody’s time in attending this little seminar right here. I apologize; I’ve had an emergency meeting come up so I only have about 15 or 20 minutes. Real quick, what I want to do is - we have a very simple business plan, essentially we’re establishing ourselves as the marketing arm of the marijuana industry. In reference to the deal that we signed with Launch TV, what we want to do is achieve with our programming, is have one foot in the marijuana industry, and one foot in the mainstream. We’re going to be providing a platform for businesses in the marijuana industry will be able to market their goods. I’m working with Russ Markowitz out of NBC in New York and I’m actually flying out there Sunday. We will be reviewing several different shows that are in accordance with this philosophy.
Private paper is financing ops he stated in the Stock Guru interview online.
Same as 4.4M shares at $2.80.
A con man usually goes by a false name and uses multiple aliases so as to vanish and not be found after the con has been pulled off. No sub penny CEO is more in the limelight with his real name than Chris. He may have confidence, but is not in the traditional sense, a con man. His goal is a higher stock price and a successful innovative company.
100 shares isn't funny, it's a code from the MMs that they need shares.
http://investorshub.advfn.com/PennyRunners-9223/
Also Chris mentioned during The Stock Guru interview that a plan is in place to allow users to upload their own video to their updated site. This may bring in some more people as well.
Possibly the advertising campaign. All that's needed is to have the public aware that PNTV exists. Remember Chris said he had 35-40k unique visitors the first month with zero advertising. I'm sure with multiple hours of programming, and with the word being spread, that people will tune in.
LaunchTV reaching 43 million homes was the major news, came out a few days before the Live Stream. Rocket Science degree unnecessary. They are moving in a direction which the company feels will provide the most growth and value. I'm SURE Chris wants to see $UTRM succeed in a very big way.
The Immediate Future is an understatement around here for sure!
It's the CONCEPT! The company is 6 weeks old! 4.4M shares at $2.90. There are a variety of ways in which Chris can put out a national ad for PotNetwork.TV, and Fox could be one of them.
No worries, equiv to 4.4M @ $3.40. Relax.
People said the same thing about the other 200 specific cable stations which came to fruition. Based on Chris' comments during the Live Stream - sounds like they want to carry many different types of shows as well as just marijuana news.
I agree, only 30+ videos with a very professional edge were produced and placed online for all the world to see. Another ridiculous comment.
I believe they pre-announced their big news days earlier with LaunchTV. I guess it needs to be even bigger news for you. The company is 34.5 days old.
This makes total sense, for a con man to 1) go on "TV" twice on his own web site, 2) give interviews on public web sites picked up by other sites, and is doing everything but be inconspicuous. It makes sense to do this in the public eye so when he is found out, he can not hide but will be in enormous trouble not to speak of bring unable to have the public trust ever again. This makes total sense. My goodness.
He met the live stream time and day on his own streaming web site. These posts are getting monotonous.
Same as 4.4M shares outstanding at $2.80. Not bad huh?
I feel for you, the company is 30+ days old, how much longer can someone hold out for more????? The 40th day can't come soon enough! My goodness.
Same as 4.4M shares at $2.80. Relax!
That would have been the best way.
He did seem a bit frazzled at times, but he also said he is tired and stressed. Sure it could have come off more professional, but if he sounded stiff and to the point, there would have been critics who would say this "stiff" has to go! Maybe the advertising portion is being worked by another. I'm willing to let Chris fly to New York on Sunday and work his CEO position.
A con man...in the older days of stock trading prior to the Internet, a CEO could post fluff PRs, NEVER be seen by the public, NEVER be heard by the public, NEVER hold an annual meeting, etc. This guy has been on "TV", YouTube, StockGurus.com, etc. If you were a CEO and had a con to pull-off, I guess you feel the best way is to let the world see and hear you, so when you pull this off, you can easily move on to the next con, right? No one will know who you are or what your history is, or why there are lawsuits pending, or why you may have served time in jail, etc. I find this line, of questioning Chris' motives - simply amazing.
Good post. Also, if this stock were trading at $2.20 with a 1.4M float, people would treat this stock as a low floater. This is the same percentage that UTRM has. Could this stock move on all the items Chris and Co. are working on? Could it move from $2.20 towards $15-$20 on a successful launch and then multi-hour broadcasts each day on PNTV? It seems reasonable. It's a "low floater" with just 1.4 MILLION IN THE FLOAT, relatively speaking. Chris has many irons in the fire for Phase II, I'm actually astonished by how much he is planning for this network. It's a start-up, and the focus is shifting towards what the company believes will provide the most value. People are very shortsighted - just weeks ago while Tom and Lena were on daily, all we heard was -- is Phase II coming? Now it's imminent in a bigger way than we could have imagined, and there are complaints. 30+ days old and the wining never ends. Let's let this low floater (relatively speaking) play out and see where this goes. I thought the live mtg last night was informative and although it wasn't perfect, there was a lot of content which we can all hope comes to fruition.
Day, listen here: http://pennyinsider.tk/. Chris has many irons in the fire!!!
So very true!
Under each press release is a disclaimer. Have you ever changed a due date or an estimated completion date? This is amazing. I'm sure Chris did most of the site himself. I also believe he did the post production on the 3 min videos which had improved greatly from the start. I'm
Willing to let Phase II play out, which is what people here were begging for just weeks ago.