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Good point!
Agreed. Just like the first stevekimlaw post on this board earlier at 2330 last night. Did anyone else catch this?
Okay, but infringement still occurred post 9/2011, royalties, etc. still keep this play alive.
But you'll still have a huge smile with a VRNG win, either way!
GLTA
Took profits at 4.35 and 4.40, but missed loading at 3.10-3.20s. Still money to be made though. This is still a binary play. If VRNG wins, it goes up. Potential upside here is worth the risk.
We've done this before. Look at this as another buying opportunity. Don't panic. This will go back up.
Friday@1115 with pps of at least $7 at close.
No problem, Sailor. I hope it at least made a little sense.
I posted this on the marijuana companies board just now and am copying it here. Please add to or correct any mistakes that I have made. Thanks!
COIN owns the patents. I listed the patents below in another post here. At this point, MJNA ONLY has a license to use the technology. To this point, neither COIN nor MJNA have released the precise terms of the licensing agreement, at least not that I have been able to locate. The MJNA PRs that you guys have mentioned refer to the negotiations for MJNA to acquire PharmaSphere, but that acquisition did not occur, seemingly due to financing difficulties because of MJNA's business model.
This is where CannaBANK seems to come in. From what I gather, PhytoSPHERE was created by MJNA after it acquired the rights to the exclusive license to use PharmaSphere's vertical farming technology. The license gives MJNA exclusive right to use the technology for cannabinoid based production. Both CannaBANK and MJNA own interests in PhytoSPHERE, but COIN holds its patents. A percentage of PhytoSPHEREI think 80%, was acquired by MJNA from CannaBANK. Again, MJNA has given this deal much more exposure than COIN has. Perhaps this is why COINs pps has not seen much of a rise compared to the sector.
My understanding is that MJNA still owes COIN 250K. What is not clear, is what type, if any, royalties COIN receives in addition. This is why I would love to get my hands on the licensing agreement. My guess is, however, that MJNA still looks to acquire PharmaSphere outright. This seems logical based on what we know because why else would COIN create PharmaSphere, a TerraSphere subsidiary, rather than simply selling the license directly from TerraSphere?
What is clear is that the intent is to allow only MJNA access and use of the patented technology for growing and producing anything cannabis based. COIN still stands to benefit from other non-cannabis vertical farming efforts in addition to their organic fertilizer and waste water sections.
I could be completely off base, but I would be willing to bet (as a shareholder, essentially I am betting) especially given the recent activity at COIN with debt forgiveness and dilution postponement, that COIN also is betting on MJNA in a big way. It is understandable why COIN has been somewhat less than forthcoming regarding PRs due to current marijuana issues. We won't have to wait long to find out as elections and COINs 10-Q come in early November.
Hopefully this isn't too hard to follow. The subsidiary names make it more difficult than it should be.
COIN owns the patents. I listed the patents below in another post here. At this point, MJNA ONLY has a license to use the technology. To this point, neither COIN nor MJNA have released the precise terms of the licensing agreement, at least not that I have been able to locate. The MJNA PRs that you guys have mentioned refer to the negotiations for MJNA to acquire PharmaSphere, but that acquisition did not occur, seemingly due to financing difficulties because of MJNA's business model.
This is where CannaBANK seems to come in. From what I gather, PhytoSPHERE was created by MJNA after it acquired the rights to the exclusive license to use PharmaSphere's vertical farming technology. The license gives MJNA exclusive right to use the technology for cannabinoid based production. Both CannaBANK and MJNA own interests in PhytoSPHERE, but COIN holds its patents. A percentage of PhytoSPHEREI think 80%, was acquired by MJNA from CannaBANK. Again, MJNA has given this deal much more exposure than COIN has. Perhaps this is why COINs pps has not seen much of a rise compared to the sector.
My understanding is that MJNA still owes COIN 250K. What is not clear, is what type, if any, royalties COIN receives in addition. This is why I would love to get my hands on the licensing agreement. My guess is, however, that MJNA still looks to acquire PharmaSphere outright. This seems logical based on what we know because why else would COIN create PharmaSphere, a TerraSphere subsidiary, rather than simply selling the license directly from TerraSphere?
What is clear is that the intent is to allow only MJNA access and use of the patented technology for growing and producing anything cannabis based. COIN still stands to benefit from other non-cannabis vertical farming efforts in addition to their organic fertilizer and waste water sections.
I could be completely off base, but I would be willing to bet (as a shareholder, essentially I am betting) especially given the recent activity at COIN with debt forgiveness and dilution postponement, that COIN also is betting on MJNA in a big way. It is understandable why COIN has been somewhat less than forthcoming regarding PRs due to current marijuana issues. We won't have to wait long to find out as elections and COINs 10-Q come in early November.
Hopefully this isn't too hard to follow. The subsidiary names make it more difficult than it should be.
It hasn't occurred. MJNA has released much more info about the proposed deal than COIN. MJNA currently holds a license to use TerraSphere's patented vertical farming technology. There have been negotiations between COIN and MJNA, for MJNA to acquire PharmaSphere, a TerraSphere subsidiary. It seems apparent that both companies have had finance issues.
MJNA has had difficulty obtaining traditional financing due to the business model and the conflict between current federal and state laws pertaining to marijuana. I can only assume that such difficulty will cease to exist upon the occurrence of the rescheduling of MJ (currently at the D.C. Court of Appeals) and or a favorable election outcome.
Current public opinion and poll numbers certainly seem to favor both.
Long COIN.
Any catalysts in particular that you see driving this move?
"Only thing that could stop this imo is of course if the marijuana polls start turning and the initial lead they had in some States dwindles or is gone."
Not gonna happen. Public support is way too strong. Whole sector is going higher.
Negative.
I took some profits today. No problem.
Victory! Historic Decision Issued In Medical Marijuana Case
http://www.tokeofthetown.com/2012/10/victory_historic_decision_issued_in_medical_mariju.php
Marijuana As Schedule I Violates Patient's Bill of Rights
http://www.tokeofthetown.com/2012/10/worth_repeating_marijuana_as_schedule_i_violates_p.php
COIN owns the patents to vertical farming technology used by MJNA. High volume in COIN this week. 80% rise on one day.
You still in COIN? Nice run the other day, but still too many idiots on the board.
Can you add it as part of whatever this trial period this is? Do you know what the deal is with no L2 on OTC with brokerage firms, or which ones offer/don't offer them?
Thanks!
Anyone have any idea why I cannot access L2 on iPad?
Yeah, that one was/is still on BoardCentral.
www.boardcentral.com/boards/COIN
You're right. I misread the date. It's off-topic now. Old news.
What is the issue with L2 on iPad?
COIN low volume day after 80% rise.
"Strategic acquisitions are sweet; in conjunction with $44M in debt savings, it’s even sweeter. Converted Organics, Inc. has announced the company will be wiping away a total of $19M in debt, $2M in liabilities and approximately $22M in future interest and lease payments. The lease payments are related to the company’s manufacturing Facility in Woodbridge, NJ, and in addition, Converted expects to add $600K in cash to the balance sheet."
http://www.marketrap.com/message/view_board_message/738/converted-organics-inc-nasdaq-coin-eliminates-debt-with-shares
I agree. The Terrasphere patents alone are likely worth much more than the current market cap.
I may even sing Anchors Aweigh with you on that day! Not too much volume here today.
There certainly hasn't been much buying since your message was posted. Why stop at 4.99%, assuming, of course, that you do own anywhere near that number of shares?
The ihub number of OS shares needs to be updated. The current number is listed in the 9/21 8-K.
"As of September 21,2012 the Company had 536,836,281 shares of common stock outstanding."
Political views aside, we seem to agree about COIN. What are your thoughts today?
Thank you! We have disagreed in the past, but at least we can't be accused on flip-flopping.
GLTA
Goodbye .0014s
Hopefully soon. The increase in MJNA is certainly expected due to the 60 minutes exposure and other media coverage. There has been nothing public from COIN since the last 8-K.
In other words, debt reduction and dilution postponement until January 2013 or .05 pps.
1. You said 8-k means nothing.
2. You don't know when to throw in the towel.
3. You have a paid membership as less anonymity on the web than you might think.
Make no mistake, this a not a threat. Just a reality check that if the SEC/FBI wants to find anyone on here, they're just a subpoena to your ISP away.
Goodbye. Remember this: Lying on a 8-K is criminal. Lying on a message board is mm007, shielded by anonymity.
I'm not "making" people do anything. DD? By the sound of things, you wouldn't know diligence, if it...
DD= At least reading to SEC filings. Perhaps you should start with the most recent.
Number 1: I did read before I replied to you. I said that Scottrade IS NOT CHILLED. So, if you cannot buy with TD, USE YOUR SCOTTRADE acct.
Number 2: Most companies do have issues. WTH are talking about 8k?
Is Scottrade chilled? NO. So, just because you missed out at buying .001s you down the stock? if the stock is so bad, why would you even be buying at those levels? Thanks for showing your cards. IF you can't buy with Ameritrade, then the obvious solution would be to but in your other brokerage, Scottrade. Instead you come on here and down the company that you want to buy??? NICE
"he did tell me clear that they didnt have any money and they where looking for a merger"
I have a question for you. Assuming you are correct, what happens to the pps of COIN when there is credible news of M&A activity such as an acquisition or merger with COIN by a Whole Foods or similarly situated company? Do you really believe that would be BAD NEWS? Seriously?