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Interesting the 10-Q filed did not really move the stock very much. No post-market (day of release) or pre-market (day after release)trading, fairly orderly. There is a ton of information about financing activities that most of us probably cannot grasp fully. But just as important are the new initiatives that have started to come into place, as well as guidance indicating that this second "rebuilding" quarter should be the low point in terms of revenues, of DPW's turnaround, or maybe even better put, restructuring/acquisition plan. They probably have of few more acquisitions to make before the disruption plans are said and done, but you know what, they are doing everything that they said they would do, can't complain about that at all.
For me, as I mentioned on the related AVLP board, the temptation to sell too much too early once this starts moving will be great, but I will resist as much as possible. Granted it has had a few spurts that have retraced, so it's very tempting to just ride it up and down, but there will come a day in the not too distant future where that simply will not happen, and one can be left in the dust, so I am putting out the warning now. Nothing wrong with taking a little off the table on a strong spike, and rebuying on a pullback, I've done that a little, but be careful in doing so, it may take off and never retrace significantly enough to rebuy back in, in which case one really misses the lions share, that happened to me lately in another stock, but I feel more confident in this situation knowing management, though on the financial end I admit it is over my head.
This sleeping beast is ready to explode, and I mean upwards. MTI-X is so big, yet, very few people see it. Would they spends hundreds of thousands to get the company current just to close it down, no frigin way in the world. They will get current, and watch out. No press releases with any of this activity, just these 8-Ks and 10-Qs streaming out. But the day will come, and it will be sooner than later. Just take a look at what is happening over at DPW for clues.
Just look and see how green technology is taking the world over, and this is not just some token technology that struggles to accomplish green. Whole countries are taking this very seriously, including places like China that are clamping down bigtime (I am in a China play where the company has had to shut down for two+ years just to completely retool itself under demand of the govt.). Once people see what this technology does, and it's not hard to understand at all, just watch the video), and understand the extent of its application (anti microbial, anti-retardant, etc.) and what the "boring" textile industry involves (rugs, curtains, furniture, clothing, etc.), this stock will take a ride beyond even what I expect, it'll be very very exciting, just hope I can resist selling it which I know I will be very tempted to do.
Well, it's so uncertain that I bet most (incl myself) won't even be able to fully understand things with the 10-Q in hand, and I am not going to even try. I think one needs a lot of experience in reading these types of filings to get a reasonable grasp, and that's assuming many many hours of analysis. Largely going on faith here. At least appreciate the fact that these guys are going by the book and are very transparent from what I can tell.
I wouldnt expect revenue from this last quarter for MTI-X, but rather would look towards end of year. But I think it's going to be absolutely huge.
With regards to these latest deals, I have no idea what they mean, just going on faith right now.
Wow, again I was partially asleep at the wheel. My GTC order filled at .15 finally, while it took a fast trip down to 11 cents on huge volume, only to go back up again. Well this must be the diluters, had to get rid of their stock. I should have had an order down near a dime to capture that, but again, asleep at the wheel. Anyway, I wonder if thats all the selling or not, but the $ amount of the trade at the lows was a measly 3000 bucks, so I suppose there could be more to happen here. And while I am concerned about the dilution like I have said before, the stock at .20 gives a valuation of about 11 million which is not unreasonable compared to where it's been.
One thing is true, with all the dilution, the stock price has actually held its own, maybe thats a reasonable way to look at it. The problem from here becomes that any increase in share price drives the value of the company up much faster since there are more shares, which in turns puts a cap on how much it can increase. Of course that doesn't take into account all the new revenues that they will have, so it's not so easy in my opinion to come up with a value for the company, there are so many variables. Hoping for positive results, assumedly tomorrow or Friday. Its trading at the low end of the range for the last month or so, so good to buy, I just picked up another 3K shares.
I missed the conference call BUT transcript is available here on Seeking Alpha
https://seekingalpha.com/article/4099542-net-elements-nete-ceo-oleg-firer-q2-2017-results-earnings-call-transcript?page=1
I picked up more today at .34, this is really wearing on me, like a hamster on a wheel. But I have to say, the call seems positive and all of management has bought shares at higher prices, so they believe in what they are doing. The CEO re-iterated that the value of the company is significantly more than what it is right now. Re-occurring revenues seems to be what they are after. Higher growth rate will require more money and reoccurring revenues will catch up to their expenses and that way they'll reach profitability, maybe a year out.
I dont know, they really seem to have it all on right, but I certainly am no expert to discern, but I am convinced that the company should be worth at least twice what it is now, and that's probably low-balling it after having been beaten down so hard. Anyway, in my opinion this is a strong buy at this price especially for those that don't have any shares yet, but also to those looking to average down which I have continued to do.
sure, I use both terms interchangeably in this case. either way, trade or invest, both can get you stuck holding the bag, and I'd rather at least hold something in the bag than risk holding nothing which has happened to me, I guess to all of us at one point or another.
Back to your point about delivering a large order, actually, I think that is a lot easier, b/c you just execute one mass order and the timeliness for it is likely less important since maybe the jeans have not yet been sold to the end customer, whereas selling to individuals off of their site, people may not be so forgiving waiting for their jeans to arrive.
I don't know, I just cannot figure this thing out nomatter how hard I try. They just posted on their FB page to someone asking that they expect the stock price to go much higher. Either they know so much more than we do or it's all a lie, and funny thing is, I can't tell which it is LOL But the jeans appear real, and its not just a sampling like we saw in the older 2015 era videos, its actually quantity - why would they produce jeans if they werent going to sell them. But then again, why is their PR and communication so bad, I just can't make heads or tails, but I have to think there is a good run left in this stock at one point. Part of me says, why are they bothering to even be a public company, they probably havent raised squat for cash, and so they're better off just being private and keeping the profits for themselves. But what do I know, not much evidently having fallen into this investment. LOL
Sure, I just wouldn't "overdo" this investment/trade. If it weren't for the statement they made, I would actually buy more at .016 and with three hands even lower, but that just scares the living tar out of me. Remember, when something goes to zero, it doesn't matter how great one might have traded it (and I have done pretty damned good (some lucky timing) with this stock considering I started buying at around a quarter). All that matters at that point is how much money one has invested, one's cost basis then means absolutely nothing for the bottom line, all is lost.
Now, another investor friend did tell me that he thinks there is no way that the CEO can pull off actually screwing the shareholders, as a majority shareholder himself (or representing the major shareholder), that he has to represent the shareholders best interest, but, from the statement, either he doesn't know that IF happens to be true, he doesn't care, or otherwise.
Another perspective is reputation - would Abromovitch want to be know as the one who looked after himself and screwed the shareholders, even if it is his "legal right", I just don't know. Personally, if it were me in that position, not sure what I would do, but I would give the common shareholders something, like a penny, but for most shareholders unfortunately that would be a huge loss, and only people who seriously averaged down or started buying at the bottom would walk away only partially scathed. All theory of course.
No I have started to sell at .0195 and will continue to do so IF it progresses. Look, let's not fool ourselves, it could go to .03 or .04 JUST AS EASILY as it could sink to .01 and nobody here can provide any evidence against that. Or it could just sit here. Again, risk/reward, I can live with .01 but I cannot live with an immediate .00, you know what I mean?
I am now in selling mode. I simply cannot take a chance that the company decides to screw the common shareholders and close down the company, which they laid out as one of the options:
" Due to uncertainties surrounding our liabilities and whether we are able to realize the full value of our assets, we cannot make any assurances regarding the amount available for distribution to our shareholders.
We have made certain projections relating to the amount of cash the Company expects to have to distribute to its shareholders upon dissolution of the Company. These projections generally relate to the amount of liabilities which must be satisfied before our company is dissolved and the amount we expect preferred stockholders to receive for their equity interest. Each of the above projections is subject to multiple variables, including the timing of a dissolution affecting the amount of dividends payable and the amount of liabilities owed at the time of dissolution. Based upon current estimates, if we were to dissolve this quarter, it is unlikely that common shareholders will receive any such distribution."
I realize that this may be as simple as covering themselves, and that they have some good things brewing and that they would never do such a thing. Let me just say this right now, I do NOT trust the rooskies one iota.
I just cant take that chance, at least not with the amount of shares I had as of yesterday, it's not worth it to me. I do NOT mind the wait at this point, I can live with that, it's been so long already, whats a couple more months, I just cant live with the risk of being screwed, i could never forgive myself. I will keep some but I'll take off table if and as it ascends, maybe I would be totally out at 3 cents, I dont yet. I TOTALLY missed the piece about preferred shares and without any glimmer of potential turnaround, it's just not worth the amount of risk - if I knew I was guaranteed even a lousy penny, maybe, but risk of nothing left, when the company has 9 million in the coffers and no apparent debt, then no way I am getting screwed. Convince me otherwise.
Well, it has remained quiet here, certainly there are shares available at .135 and the ask showing only 5000 shares is a bunch of crap, there's a lot more behind the scenes, but how much we dont know. I continue to keep a bid near a dime and 8.5 cents but they still don't show up under Real-Time Level 2 Quote Montage
in otcmarkets, but I don't know why since I have enough shares to trigger it I think. I am thinking more and more that we are not going lower, but that's just a gut feeling.
Well, couldnt help myself and bought more on the way down @41 and 39, only to then see it plunge to 34, I literally cannot believe this, this is ridiculous. The market value is now in the 6 mill dollar range, is that even possible? I tried to pick up more at 36.5 but not successful but will keep trying, this has to be the bottom, I just cant imagine it getting any worse.
well another 10-Q filed for Feb 2016. Left to go is:
May 2016
Aug 2016
Nov 2016 (10-K)
Feb 2017
May 2017
and by the time they all get done, we'll be looking at
Aug 2017
Glad that my job is not pumping these out, man that'd be overwhelming. But we know this much, they would not go to all that trouble if they didnt intend to be successful. As far as I am concerned, I blame all of this on the Suhr deal that fell thru, that was the straw that broke the camels back, and they are still reeling from that, but they are recovering, as painful as it is, they have to, in order make MTI-X a reality. But seriously, could you imagine going thru all of these, with Black Shoals and all that crap, not for me for sure.
Have been in and of this over the last year, but time again to get back in. I was able to pick up a few measly shares at .15, but I will be back tomorrow for a more meaningful chunk. Maybe there is more selling, but this is back to attractive prices at this point. The only thing that scares me is future dilution, so need to keep an eye on that, but lifetime lows, I'll take it.
New acquisition announced ...
Today DPW announced a new acquisition, it looks good to me.
The Company is purchasing Power-Plus for $850,000 of which $198,000 will be to pay off debt with the remainder to be paid out in cash over time.
Hmm, I wonder if that means they are not diluting in order to buy, it is not clear to me. But, if they have the big revenues they are anticipating that the investment community clearly doesn't have faith in given the current stock price, then they can have the luxury of paying cash instead of diluting, that'd be amazing, but not getting my hopes up, need to see the related 8-K released.
Based on the stock price history, I cannot see how they would not take a loss to sell at a dime - converts usually get a nice discount for shares based on a price range over a time period, and this stock simply hasnt spent any time down near these prices. So, maybe maybe they break even at a dime, but I cannot imagine much lower. I dont think anyone predicted the price could get so low. But if we refuse to pay the ask, we force them to come down to us to sell if they want to, or they wait it out. At one point, positive news simply must drive the price up. Of course we are at risk of missing out by bid-sitting.
Then again, without our doing some due diligence in the filings, we don't have those details.
Well I am on the bid at a dime and .085 (thought the latter doesn't show up on the OTC markets Level 2 quote Montage for some reason). You know, its almost impossible to be the buyer at the lows, thats what I have learned, but, if something like this is going to be much higher weeks or months from now, it doesn't matter. We're in the range where the downside, in my opinion, has to be limited, as the ABSOLUTE value of the company at .14 is 4.4 million dollars, and at a dime its 3.3 million, really that's all this is worth, no way?
Thanks for the heads up, didnt see the announcement. I cleared some funds right at end of day and got my order in for 8.5 cents with a minute to close, of course not filled, but tomorrow I'll be out there, in fact I am willing to pay a dime for some. I just can't see it selling off much more.
My take on this ... this is a disaster. What bad news. I will start to sell on any rally. I don't want to be left holding stock if they dissolve the company and if Irvington gets all the money. That's flat out unfair to the common shareholders, I never knew about that provision and nobody on this board has ever mentioned or brought up the possibility. I see that as a conflict of interest personally.
They couldn't even get the Mexico Pemex Well project done and revenues were a goose egg for last year. They couldnt even find one deal to do for oil exploration, I just don't get it.
What does "a possible share buyback of the majority shareholder, Ervington Investments" mean? I assume it means Irvington would buy out our shares, or does it mean the opposite that Irvington would sell out their shares, it's not clear to me.
That's just not true, this is not a scam at all, and it will be seen soon where this is going. Have you looked at the technology from MTI-X, just watch the video, this is completely industry disruptive.
The Alzamend story, this time around, was very poorly executed after they got the approval (they executed getting the Reg-A approved very well), and they raised very little money, you can see the SEC filing on sec.gov, and that is clearly very very disappointing, but it is NOT a scam. Also I would not call this stock sub-penny, it has never traded that low, and it is trading around 30 cents right now. Look out, not below, but above!
If you have the time and interest, maybe check the 8-Ks to see all the loans but my quick scan in the past showed that the CEO is doing most of the loaning to the company, and we know he aint gonna be selling down here. So I think its limited amount from sharks, but we'd have to go thru with a fine toothed comb and to be honest I am worn out from these kinds of investigations and am not very good at it either as I lose patience and get lost in the weeds and legalise (though I am normally very detail oriented in other areas).
For now, I'll bid for some smaller amounts in the ten cent range due to lack of cash, but when that changes I'll continue to average down, currently underwater at ~24 cents, which isnt too bad considering i started in the 60s range, thinking that it was value then LOL
Well I am going to go out on a limb and say that they are filled with Cartel Blue labeled jeans. Actually, the first video they posted showed the jeans and if you look carefully you will see the Cartel label, and the american flag representing proud to be made in the usa, veterans, etc.
So a boatload of jeans have been produced which is awesome, but how does that fit into the picture, are they for the website orders, are they for distribution thru a reseller, a combination, I have NO idea and the company hasn't done a PR.
You'd think after all the countless hours they have likely put in that they could do a little better on an adhoc video, I am astonished, but anyway, I am taking this as a good sign.
Thanks for your insight, I appreciate it.
Well, I will be conservative then, but knowing when the bottom is is very very difficult. It certainly could be at a dime, as whomever is converting, if it is that, why do they want to get so little for all their shares when you say, good news is bound to come, in the least some kind of promo that could lift the price to varying degrees. I hate to miss out but will be careful at the same time. I dont mind being a bit early, but if this takes off, I dont want to be kicking myself for not having averaged down a decent amount. Good luck as we navigate these waters!
Yes indeed, came as a surprise, but I took advantage of it, though asleep at the wheel while it came down to a dime. One can buy a lot more shares at this price than say 20 cents, and I'm definitely a buyer for more in the low teens.
I'm not sure what to say about this. It appears suck down here and I am not happy about it at all. No exciting news, I guess we just wait as the baby horses develop. Sure turned out to not be such an "exciting" business.
It's not up to date, see one of the recent press releases where they lowered it to 100 mill, and may lower it further in good faith (though personally I dont think that's really necessary, it's really just rubber-stamping). They had increased it earlier in year to plan for a forward split, but decided against doing that due to costs (they claimed).
https://www.otcmarkets.com/stock/SIGO/news/Sunset-Island-Group-Announces-80--Reduction-In-Authorized-Share-Count?id=165352&b=y
SAN CLEMENTE, Calif., July 25, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will be reducing the company's authorized share count by 80%.
CFO Valerie Baugher stated, "We currently have 50,031,771 shares outstanding and 4,031,771 shares in the float. We are finishing up our first harvest and based on the results, we feel confident that over the long term, our outstanding share count should settle somewhere between where it is now and 70,000,000 shares. That being the case, we are immediately reducing our authorized share count to an even 100,000,000 shares. By second or third quarter of 2018, we fully expect existing profits to fund further expansion over and above the planned expansion outlined in our previous press release. At that time, we may look at a further reduction in the authorized number as a show of good faith that we are serious about our long term commitment to shareholders."
hmm ... I just stumbled on FaceBook page and they have videos of the Cartel Blue labeled jeans being packaged and shipped in boxes, in what appears to be decent quantity, not just a random mishmash of inventory for display purposes. Now are those from orders on the website or some other orders, I have no clue, but it seems legit.
Checking the quarterly report, they effectively showed no revenue, but, that may be because they have to ship before they can book revenue.
I don't know what to think, but posting videos on FB just adds to the confusion of what in the world they are doing. But it does legitimize they are doing something. Guess we have to wait and see, but I am getting tired of the wait. We'll give it a bit more time I suppose.
Investor Presentation now out looking good. I mean they are clearly having real revenues, significant ones, meanwhile the stock hasn't traded since the last time I posted as the buyer.
Ironically, the ask was hanging around 14 cents for days, but today near end of day it dropped to a dime for 85K shares, which is astonishing. Anyone can get shares this cheap and a significant number if they want. I will have to consider the opportunity, but having them oozing out of me, its hard to rationalize buying more even at this price, just in case something bad happens. I'll try for 8 cents but I doubt I'd get filled, but can't hurt to try.
Agree, and I am not selling now, in fact I just bought again at .21 Friday and have another order in in the .17 range, but at 50 cents, for me personally, I would find other places to park my money, but I am open to this going to a buck or more and if I weren't on board for that move I'd be OK with that. At the same time, I'm open to holding some to that point depending on how the chart progresses. At 20 cents, this is a 10 mill dollar company, at 50 cents its a 25 million dollar company (not taking in consideration any new shares that get issued). 10 vs. 25 mill, big difference in absolute value of company in my humble opinion.
As a reminder, I bought in the $3 range to start, so my credibility isn't so hot with respect to judging first entry point LOL.
Not following yu. I mentioned my target range and we're not there yet so why would I sell unless forced?
I can private msg at weeks end if I remember or see where I heavily post especially where nobody else does lol
well we finally know the location of the greenhouses, per the second amendment to the S-1/A filed Friday, they have "filled in the address" which in the previous amendment was a bunch of x's as: xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.1 Landlord is the tenant of the owner of the certain real property located at 20420 Spence Road, Salinas, California (“Owner”) (“Premises”). The Premises are identified on the map attached hereto as Exhibit A and incorporated by reference herein. The property includes 220,000 square feet of greenhouses.
So the secret is no more. Salinas, CA. Anyone within an hour or so may take a drive-by but I guess at this point the pictures are good enough.
Also from both S-1/As, good information:
Sunset Island Group, Inc. is a Colorado corporation. The Company’s principal line of business is the cultivation of medical cannabis. The Company has leased green house space in Northern California that has been approved for cannabis cultivation. The greenhouse is 12,000 square feet; however, the Company has begun filing its permits to expand to 22,000 square feet. Once the State of California has finalized the licensing process and requirements for licensed manufacturing facilities, the Company will begin consulting and advising clients that operate in the medical marijuana business by providing clients a licensed manufacturing facility to produce products such as oils and edibles.
In July 2017, the company completed the build out of the initial 12,000 square feet of its greenhouse space plus 10,000 square feet on production space. The 12,000 square feet includes 5 grow bays of 2,000 square feet each, clones room, drying rooms and trimming rooms. The Company has completed planting the 5 grow bays The Company estimates that the clones space can create up to 2,000 plants every 30 days. Each grow bay hold between 200-350 plants.
Each bay is planted approximately 1-2 weeks apart from each other. Each bay is harvested approximately 7-10 weeks after it is planted. This allows for continual harvesting to occur and allows the Company to hire staff that focus exclusively on harvesting and trimming. Beginning July 3, 2017 the Company begun the harvest of its initial grow bay. Once harvested, the crop is dried for 7-14 days. Once it is dried, the crop is trimmed. The Company expects to initially trim approximately 5-10 pounds a day. The company has begun hiring harvesting and trimming crews. The Company expects to begin its initial trimming the week of July 17, 2017.
The Company is expecting that its current 12,000 square feet would produce between 1,200 and 2,000 pounds per year. The Company will provide additional forecasts and expectations after it complete an entire harvest cycle. Harvest cycle refers to harvesting each of the 5 bays. The Company’s current operations will provide sufficient infrastructure and clones to expand to operations to include the additional 100,000 square feet.
Permits: The Company has begun the process for its application for permits for 22,000 square feet of cannabis activities with the County of Monterey. On June 30, 2017. the County of Monterrey issued a memorandum establishing a deadline of August 12, 2017 for current cultivation operations to file for a permit and additional guidelines. Those entities that have filed prior to August 12, 2017 can continue to operate until their permit has been approved. As such, the Company’s current operations would be able to continue until the permit has been approved; however, any additional expansion would not be able to begin operating until its permits have been approved. The Company is currently installing a sprinkler system in the new buildings being used for trimming and drying. The Company is also finalizing its operating procedures now that harvesting, drying and trimming have begun. The Company has implemented water conservation and waste management programs.
We are headquartered in San Clemente, California. Our telephone number is (424) 239-6230.
=====================================================
I know most of you are planning on riding this out to who knows how high, but I am conservative here and would be selling in the 36 - 50 cent range, which would be a nice profit for me. While I may sell myself short, at those prices I'd feel more comfortable for bigger upside in other opportunities, but that's just my opinion, you all may be smarter than me.
Two peas in a pod, absolutely.
From a potential in share price increase perspective, I simply don't have visibility into the infrastructure of both companies and their potentials to tell which is a better investment, both short/mid/long term, though my AVLP stake is much larger in percentage of the company owned, but less in actual money invested.
I sincerely think we are a lot closer to the END of when this STARTS to really get interesting than to the BEGINNING, for both companies (for me, AVLP has been a MUCH longer wait as DPW only came into the picture 9 months ago).
I just can't wait to see this unfold. Granted I've not gotten anyone I know to invest themselves, hopefully I've had a positive influence on the scant followers on these boards.
Two peas in a pod, absolutely.
From a potential in share price increase perspective, I simply don't have visibility into the infrastructure of both companies and their potentials to tell which is a better investment, both short/mid/long term, though my AVLP stake is much larger in percentage of the company owned, but less in actual money invested.
I sincerely think we are a lot closer to the END of when this STARTS to really get interesting than to the BEGINNING, for both companies (for me, AVLP has been a MUCH longer wait as DPW only came into the picture 9 months ago).
I just can't wait to see this unfold. Granted I've not gotten anyone I know to invest themselves, hopefully I've had a positive influence on the scant followers on these boards.
DPW is just getting started, literally. Just watch what happens to this company over the next few years. The MTI-X deal is so friggin big it will blow our minds when it all comes to fruition. If I had an additional 50K to invest in one of their private placements, with warrants, I'd do it in a second. Luckily I have a substantial amount invested at this point, but I am very confident they will be wildly successful.
Mark this post.
I am trying to keep an open mind on this ...
Lets keep in mind that per the press release, they are actually taking over abandoned greenhouses that proliferate the state. That obviously implies failure in other greenhouse markets, though I don't know what those are or the reason. All I am saying is that every market is susceptible to a downturn, whether it be an overabundance / competition, or just a turndown in demand due to the market, etc. Not saying that this is heading in that direction, in fact hopefully its the opposite and maybe that's a problem for years down the line which wont affect this investment at this time.
Personally, I am getting more worried about some of these penny stocks due to what I believe is going to be a global recession and severe pullback of the stock market (drop more than half). Granted a lot of the penny stocks thankfully go to the beat of their own drum, ignoring the market, but in a severe recession, mostly everyone suffers (Im heavily short the market and long precious metals and some energy, but even that may not be enough to counter penny stock impacts. Call me doom and gloom and bullish at the same time, it's a bit scary).
Again I was the buyer today, have a huge position at this point and I think I am done for now. I suspect that the next time I transact this stock will be as a seller. I'll have to let others pick up any slack for the time being, but I think we will be way beyond where we are now a few months down the line.
Dont forget, they recently increased the authorized shares b/c they planned to do a forward split, but when they found out from the transfer agent how much it would cost (about 13-15K if I recall), they backed down - shows you how little money they have, so be it. They were going to do that split for reasons that honestly were never very clear in their communications, but the biggest reason being probably to somehow send the stock price higher in our benefit, though I am not convinced that that approach would work or not, but anyway, its no longer relevant news (but always good to see the whole picture of a company over time and how they conduct themselves, everything is relevant in one way or another). So, now that they are not doing the split, there is no reason to keep the authorized shares so high. I take this part of the PR neutral, just letting us know.
But the confirmation that in the end the share count being btw 50 - 70 mill in the long run is a nice to have confirmation of what we were already hoping.
In the end, at this point they are marijuana growers. Correct me if I am wrong, but it seems that everyone would get into this business if it were so profitable and how hard can it be to do so?