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The 250lbs estimate on Vegas harvest huge lie that turned out to be 20lbs.
The huge California weed complex was a huge lie
MOTA Coin was a huge lie
NightFoods partnership was a huge lie
Advantis partnership was a huge lie.
Comcast settlement was a huge lie, no one can deny that. They got screwed but made it sound like they received millions. They probably dropped the lawsuit themselves. Classic pump that no one can deny now because it was proven they got NO CASH.
Or how bout filing an 8K? They never file and things never pan out because it’s a huge pump game. SEC should look into these two guys.
Oh and thanks Michael Berk for all you have done for PNTV. You have done so much you deserve millions more free shares. One hit wonder.
And what happened to Andy Orgel he deserves more free shares too for his massive contribution on making WeedTV well nothing it’s a flop. Mark touted him as the man to move WeedTV to the mainstream. But even the guy that helped make MTV what it is was back in the day couldn’t make WeedTV anything more than the big turd it is. Millions and millions spent, revenue produced ZERO!
I’ll help you understand, PNTV/MJVP are scamming shareholders. Making business deals with themselves and for something they know will never produce revenue. How has Marks cutting edge WeedTV platform been going, well currently as far as we know 0 paid subscribers. No one goes to WeedTV just like no one will go to GreenLeafLies website!
Link below to open your own CBD marketplace. None of the CBD product are made by PNTV. They are just a reseller. They will never get traffic to this website nor do they care if they ever sell a single product. This was all a money moving scam to get money into MJVP and filter it off from there.
https://ushempwholesale.com/how-to-get-started-selling-cbd/
Shareholders are being swindled!
You got the numbers correct but forgot a zero.
PNTV headed to .012, I may sell my remaining 10% now. When the sector moves this will not move with it.
** SCAM ALERT **
**Scam Alert** PNTV making shady deals, read about MJVP and see how they are moving money between their own companies. Also no news of any payments being made on the Salinas property, looking more like they will lose it. I’m sure you will get some lease on the property excuse. They probably are not paying the lease payments either.
PNTV partnered with Brett’s shell company, let the money skimming begin. MJVP isn’t even a company it was a dead stock symbol Brett bought a while back, so a shell company. It’s just a big money moving scam Mark/PNTV and Brett/MJVP both know they won’t get any sales on the website.
If this was the monumental news sorry folks you were played again by the Player’s. How are people not putting this scam together. Get ready to see 1 Billion outstanding shares when and if they ever release the horrible financials coming. You all are crazy if you still believe the delay excuse on the financials, way too many red flags right now. Still point to Geoff Lawrence quitting and them going delinquent reporting shortly after. Things are not right behind the scenes at PNTV. All in would be a scary position on this shady operation. Way better U.S. plays out there at this point.
Any news that they have paid the past due Salinas money. Them paying that deal off would be monumental this over crowded CBD sales is a scam/bust.
Nice because a good chunk of my PNTV stock sales went to purchasing planet13 stock. Looked to be a good one and that is the competition for PNTV. Still have some PNTV too though.
Remember Comcast lawsuit and the California Grow Campus, both huge announcements for PNTV. Both complete failures that ended up being just massive pumps.
Remember MOTA Coin, Nightfoods and Advantis all huge announcements for PNTV. All complete failures that ended up being just massive pumps.
Remember phase 3 in Vegas, GLF ice water Hash and additional lights installed in California. None completed as promised all ended up being just massive pumps.
Remember WeedTV and the huge revenue producing platform they touted or the Weedhouse Party that produced 300 and some pieces of content. Well unfortunately they all happened and all were huge money wasting failures with not one penny of revenue to date from them.
Point is everything they say will be great or they pump will be monumental end up being lies and just pumps or if they happen never produce revenue. So good luck all that have faith in Mark or Brett.
P.S. Not even did the hot shot producer Michael Berk produce a penny of revenue for PNTV why does he own so many shares or get any money? Seriously what is he employed for?
They’re a non-reporting company now is anything due? Can’t get much worse than that, I agree with your prediction.
They become current with financials once Salinas is officially taken away from them which I believe or they completely pay it off.
The Salinas property and greenhouses are leased what does PNTV own if the Landlord does not renew the lease??
How much time and money would be spent finding another location getting permits etc. PNTV has proven they are not successful or timely when starting from scratch. Same thing to be concerned about if they get a dispensary, it will take forever to get going and come in triple of planned costs.
When Brett speaks price drops.
From last 10Q these are all convertible loans, Next...
Note 10 – Convertible Debentures
Convertible debentures consist of the following at March 31, 2018 and December 31, 2017, respectively:
March 31,
2018 December 31,
2017
On February 13, 2018, the Company received net proceeds of $120,000 in exchange for an unsecured convertible promissory note that carries a 10% interest rate with a face value of $122,400 (“Fifth Group Ten Note”), which matures on February 13, 2019. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the two lowest closing traded prices of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $2,400 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 30 million shares of common stock for potential conversions. $ 122,400 $ -
On January 16, 2018, the Company received net proceeds of $120,000 in exchange for an unsecured convertible promissory note that carries a 10% interest rate with a face value of $122,400 (“Fourth Group Ten Note”), which matures on January 16, 2019. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the two lowest closing traded prices of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $2,400 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 30 million shares of common stock for potential conversions. 122,400 -
On December 15, 2017, the Company received net proceeds of $120,000 in exchange for an unsecured convertible promissory note that carries a 10% interest rate with a face value of $122,400 (“Third Group Ten Note”), which matures on December 15, 2018. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the two lowest closing traded prices of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $2,400 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 30 million shares of common stock for potential conversions. 122,400 122,400
10
Players Network
Notes to Condensed Consolidated Financial Statements
(Unaudited)
On November 8, 2017, the Company amended the two notes with Black Mountain Equities, Inc. (“First Black Mountain Note”) and Gemini Master Fund, Ltd. (“First Gemini Note”). The amended notes extended the maturity dates to December 9, 2017, increased the principal amount owed by $8,250 each, and established conversion features. The principal and interest became convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the lowest volume weighted average price (“VWAP”) over the fifteen (15) trading days preceding the conversion date, as limited to $40,000 of conversion during any 10 day trading period. The notes were originally entered into on May 8, 2017, pursuant to which the Company sold to each Investor, for a purchase price of $150,000, (i) a Promissory Note (a “Note”) in the principal amount of $165,000, and (ii) a Warrant exercisable until May 31, 2022 to purchase 1,500,000 shares of the Company’s common at a price of $0.14 per share (a “Warrant”), resulting in aggregate gross proceeds to the Company of $300,000. Each Note matures on November 8, 2017, bears interest at a rate of 10% per annum payable at maturity, and is subject to acceleration in the event the Company becomes delinquent in its reporting obligation with the Securities and Exchange Commission and upon other customary events of default set forth in the Notes. The Warrants can be exercised on a cashless basis by the Investors, and the Company can require the Investors to exercise the Warrants on a cashless basis at any time following the six-month anniversary of the issuance date, provided that at such time (i) the volume weighted average price of the common stock has been greater than $0.25 for a period of thirty (30) consecutive trading days, and (ii) trading in the common stock has not been suspended by the Securities and Exchange Commission or the OTC Bulletin Board (or other exchange or market on which the Common Stock is trading). On various dates between December 11, 2017 and March 14, 2018, the noteholders converted an aggregate $314,875, consisting of $303,250 of principal and $11,625 of interest, in exchange for the issuance of 6,168,561 shares. The note is currently in default. 13,250 266,500
On November 8, 2017, the Company issued a $200,000 promissory note (“Second Group Ten Note”) in exchange for the debt acquired from Rxmm, as note below. The new note matures on November 8, 2018. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the two lowest closing traded prices of the Company’s common stock over the ten (10) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company must at all times reserve at least 50 million shares of common stock for potential conversions. On various dates between December 6, 2017 and February 5, 2018, the noteholder converted $200,000 of principal in exchange for the issuance of 3,658,652 shares. The note has been satisfied in full. - 150,000
On November 7, 2017, the Company received net proceeds of $120,000 in exchange for an unsecured convertible promissory note with a face value of $122,400 (“First Group Ten Note”), which matures on November 7, 2018. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the two lowest closing traded prices of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $2,400 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 50 million shares of common stock for potential conversions. 122,400 122,400
On November 8, 2017, provisions within two notes with Black Mountain Equities, Inc. (“Second Black Mountain Note”) and Gemini Master Fund, Ltd. (“Second Gemini Note”) established conversion features. The principal and interest became convertible into shares of common stock at the discretion of the note holder at a price equal to seventy five percent (75%) of the lowest traded price during the fifteen (15) trading days preceding the conversion date. The notes were originally entered into on September 14, 2017, the Company entered into a Securities Purchase Agreement with Black Mountain Equities, Inc. and Gemini Master Fund, Ltd. (the “Investors”), pursuant to which the Company sold to each Investor, for a purchase price of $150,000, (i) a Promissory Note (a “Note”) in the principal amount of $158,000, and (ii) a Warrant exercisable until May 31, 2022 to purchase 1,500,000 shares of the Company’s common at a price of $0.14 per share (a “Warrant”), resulting in aggregate gross proceeds to the Company of $300,000. Each Note matures on March 14, 2018, bears interest at a rate of 10% per annum payable at maturity, and is subject to acceleration in the event the Company becomes delinquent in its reporting obligation with the Securities and Exchange Commission and upon other customary events of default set forth in the Notes. The Warrants can be exercised on a cashless basis by the Investors, and the Company can require the Investors to exercise the Warrants on a cashless basis at any time following the six-month anniversary of the issuance date, provided that at such time (i) the volume weighted average price of the common stock has been greater than $0.25 for a period of thirty (30) consecutive trading days, and (ii) trading in the common stock has not been suspended by the Securities and Exchange Commission or the OTC Bulletin Board (or other exchange or market on which the Common Stock is trading). On March 22, 2018, the noteholder converted $52,479, consisting of $50,000 of principal and $2,479 of interest, in exchange for the issuance of 1,116,584 shares. 266,000 316,000
11
Players Network
Notes to Condensed Consolidated Financial Statements
(Unaudited)
On October 27, 2017, the Company received net proceeds of $73,000 in exchange for an unsecured convertible promissory note that carries an 8% interest rate with a face value of $76,500 (“First Fourth Man Note”), which matures on October 27, 2018. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy five percent (75%) of the lowest traded price of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $3,500 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 5 million shares of common stock for potential conversions. 76,500 76,500
On October 27, 2017, the Company received net proceeds of $73,000 in exchange for an unsecured convertible promissory note that carries an 8% interest rate with a face value of $76,500 (“First Emunah Note”), which matures on October 27, 2018. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy five percent (75%) of the lowest traded price of the Company’s common stock over the fifteen (15) trading days preceding the conversion date. The note holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance costs of $3,500 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 5 million shares of common stock for potential conversions. 76,500 76,500
On April 24, 2014, the Company received net proceeds of $33,250 in exchange for an unsecured convertible promissory note that carries an 8% interest rate with a face value of $35,000 (“Second LG Note”), which matured on April 11, 2015. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to fifty five percent (55%) of the average of the lowest closing bid prices of the Company’s common stock for the twelve (12) trading days prior to, and including, the conversion date. The note carries an eighteen percent (18%) interest rate in the event of default, and the debt holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The Company paid total debt issuance cost of $1,750 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 5 million shares of common stock for potential conversions. On October 31, 2014, the note holder sent demand for repayment. The note is currently in default. 35,000 35,000
Total convertible debentures 956,850 1,165,300
Less: unamortized debt discounts (551,891 ) (790,621 )
Convertible debentures $ 404,959 $ 374,679
and here are the short term loans
Note 11 – Short Term Debt
Short-term debt consists of the following at March 31, 2018 and December 31, 2017, respectively:
March 31,
2018 December 31,
2017
On March 23, 2018, the Company received proceeds of $17,000 in exchange for an unsecured promissory note due on demand, carrying a fixed interest amount of $750. The Company repaid $3,000 on March 29, 2018. $ 14,000 $ -
On December 28, 2017, the Company received net proceeds of $80,000 in exchange for an unsecured convertible promissory note that carries a 5% interest rate with a face value of $90,000 (“First RDP Note”), which matured on February 26, 2018. The Company is required to have fully paid all principal and accrued interest due and owing to SK L-58, LLC, the certain Promissory Note dated September 19, 2017 in the principal amount of $50,000, as shown below. The note carries an eighteen percent (18%) interest rate in the event of default. The Company paid total debt issuance cost of $10,000 that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. In addition, the Note Holder was awarded 10,000,000 warrants, exercisable at $0.03 per share over a period of four months, commencing on August 11, 2019. The warrants are cancellable in exchange for $1 if this note and the SK L-58, LLC note dated September 19, 2017 are repaid in full. This note is currently in default. 90,000 90,000
On September 19, 2017, the Company issued a $50,000 unsecured promissory note to SK L-58, LLC bearing interest at a rate of 5% per annum, with a maturity date of November 3, 2017. Upon an event of default, the Company is required to issue to lender warrants to acquire one million shares at an exercise price of $0.05 per share every 30 days the note is unpaid. Each warrant issued as a result of an Event of Default will become and remain exercisable for the four (4) complete calendar month period beginning on the first day of the thirty second (32 nd ) month following an Event of Default. This note is currently in default. 50,000 50,000
On November 21, 2016, the Company entered into a letter agreement with SK L-43, LLC providing for the making of loans by the SK L-43 to the Company, at SK L-43’s option (i) in the aggregate principal amount of $925,000 by December 15, 2016, and (ii) in the amounts of $1,500,000 each on or before each of April 1, 2017 and May 1, 2017. Advances under the letter agreement are unsecured; bear interest at a rate of 5% per annum, payable on December 31 st of each year; mature two years from the making of the applicable Advance; and are subject to acceleration upon customary events of default set forth in the promissory notes. To date, SK L-43 has advanced to the Company the following loans:
$125,000 – November 02, 2016 (including $25,000 assigned from PNTV Investors Note)
$267,000 – November 21, 2016
$267,000 – December 02, 2016
$266,000 – December 19, 2016
Pursuant to the advances above, SK L-43 was issued warrants to purchase up to 92,500,002 shares of the Company’s common stock as additional consideration for making the loans at various exercise prices of $0.03 and $0.06 per share. For each additional loan of $1,500,000 each on or before each of April 1, 2017 and May 1, 2017, SK L-43 will also be entitled to additional warrants to purchase 42,857,142 shares of the Company’s common stock. These additional warrants will have an exercise price equal to 125% of the average closing price of the Company’s common stock over the thirty trading days immediately preceding the date of the applicable additional loan; provided, however, that if during the 90 trading day period following the date of such additional loan, the average closing price of the Company’s common stock (the “Post-Advance Closing Average”) is equal to or less than 80% of the Pre-Advance Closing Average, the exercise price for such additional warrant will be equal to 125% of the Post-Advance Closing Average.
Each warrant vested four months following its date of issuance and is exercisable for a period of two years thereafter. 925,000 925,000
13
Players Network
Notes to Condensed Consolidated Financial Statements
(Unaudited)
On various dates between January 11, 2016 and April 20, 2016, the Company received aggregate refundable advances of $143,000 as the Company and an investor developed terms to a potential partnership agreement with GLFH. On June 1, 2016, the Company issued a promissory note in exchange for those deposits. The unsecured promissory note bears interest at 4% per annum (“First ZG Note”), which matured on January 3, 2017, and awarded the lender options to acquire up to 5,000,000 shares of common stock, exercisable at $0.01 per share over a four (4) week period from the origination date, which expired on July 1, 2016, in addition to options to acquire up to another 3,000,000 shares of common stock, exercisable at $0.08 per share over a twenty four (24) month period from the origination date. The aggregate fair value of the options is $6,996 and is being amortized over the earlier of the life of the loan, or the life of the options, as a debt discount. The note is in default and carries a default rate of 10% and remains outstanding. 143,000 143,000
Total short term debt 1,222,000 1,208,000
Less: unamortized debt discounts (308,107 ) (432,190 )
Short term debt $ 913,893 $ 775,810
all this is in the last 10q and has been way worse since you can bet that.
Surprised you didn’t know this!
So UnTrue “Float so tightly held by investors”. Just one toxic lender probably holds more shares than everyone who participates on this board! Lenders own millions and millions of shares they got at huge discounts and everyday make great money selling them at a premium to the longs. It pushes share price down plus the overall process creates massive dilution of the stock creating price to drop further.
No one will lend them money at good rates they have no history of showing they can pay with anything other than issuing shares diluting the value of the stock.
They couldn’t open a dispensary on their own. They have absolutely no cash, they can’t even get more than 8,000 sqft going in Nevada because their broke. The expanded grow area, kitchen and packing area were to be done a year ago but have not even started, its because they are broke. Remember Mark touting how the massive delays for phase two will speed up the next phase. That was a completely false statement there was just a visit there by a board member and construction has not even begun on phase 3. That means they have not even started construction on the majority of the grow space there. So no big revenue to made in Vegas for at least another year but probably way longer.
So with that and the state knowing they will produce very little revenue in a short amount of time I highly doubt they get a dispensary license. State wants doers not procrastinating companies that produce no tax revenue.
GLF Vegas has taken 3 yrs to get running and yet to have any revenue reported from product they grew, only product GLF has sold in Vegas has been for a loss and was flower they bought from other growers. Which they did a fire sale with because flower was almost a year old and the rosin they were making was a complete flop. They have lockers full of old rosin they pressed and no one wants it. They don’t even make it anymore. Hey what happened to the cold water hash lol another B.S. story and did I hear someone say water supply was delaying it. Guess they nothing how it’s made. It only takes the amount of water to fill that steel drum per batch about 5 to 10 gallons from the size of it shown in the video. These guys just blow money and have no idea how to get organized and make progress.
Anyone hear if a payment was made on Salinas business yet?? Mark stated all paperwork was in as of last video so all 4.2 million should be paid now right? Who feels PNTV has 4.2 million to pay, its all past due since September. Did you realize the Salinas property is leased and if owner decides to boot them after lease is up all they have is some employees plants in varies stages and no where to grow it. Instant 6 month to a year delay if that happens and no telling any of the employees would remain after how long it would take getting ready at a new facility.
Walmart and Kroger have an established customer base. Which is why it works guess you missed the biggest part of that equation. No one questions wether they can buy bulk CBD anyone can. This is no different than PNTV buying flower from other growers. They preached they got the flower at dirt cheap prices and will make tons of profit on it by turning it into rosin and repackaging it with Green Leaf Farm labels. Well after months and months of not being able to sell through the rosin or flower it got so old they had to sell it even cheaper than what they paid for it and took a loss. So this idea is no different just a pump that will create expenses.
CBD Announcement sign of desperation, no facts or details in the press release leads one to believe this was just put out to hopefully bring a spike up in share price. Unfortunately it’s PNTV and very little they say ever comes true. Mega grow campus in CA - Bust, Advantis partnership - Bust, Night Foods partnership - Bust, MOTA coin - Bust.
The Brett video is scary, first the CBD market has some massive players in it already. PNTV has proved they do poorly at online business and bringing new products to market like their rosin.
What will bring the average person searching for CBD to Green Leaf Farms? Do they know anything about search engines and how to get their name at the top of a google search. Highly doubtful but you will find them buried on page 6 or 7 when doing a search that is if they ever even bring a product to market. Also massive costs getting a new product to market and it’s money they don’t have.
Don’t post too often anymore as just lost interest in all the lies and games plus sold off most shares at .063. GLTA.
New Count Down- Days till Salinas is GONE!
20 business days to come up with 4.15 million. Won’t be easy for a company deep in debt.
Same respect to you Zen. My concern lies on two fronts
1. The purchase of Salinas is not going as planned as both sides admit payments are not being made but have different stories why.
2. The Geoffrey quitting part still concerns me when looking at the timing and facts it just seems he saw something he didn’t like and enough to leave his CFO position over it. He just left way to much in Mark’s lap to be viewed as a friendly departure. Look at the state of the company because of it, they were returned to pink sheets and have a stop sign now.
2a lol. Vegas needs to get going but you can be our judge on that in a few days.
Pntv competition link, they got a dispensary license in Vegas! And PNTV makes it sound so tough to get a license. You just buy one, well I guess you need money for that, hey why not use the Comcast settlement money to buy one. Oh that’s right because shareholders were lied to and they received no money.
https://finance.yahoo.com/news/planet-13-superstore-opening-november-103000108.html?.tsrc=applewf
Yes currently they are owners, however come November 17th if they have not paid $4,125,000.00 then ownership is returned to seller.
Most are going by PNTV’s track record and feeling it won’t get done and more issues will arise. Trust people here Geoffrey Lawrence did not leave for family and to start his own business. He saw the major red flags and left. Geoff leaving Mark as acting CFO and CEO during such a critical time can only be seen as a non friendly act towards PNTV regardless what Mark says. Heck they were completely screwed because he left. So think how they spun that situation and how they spun the Comcast settlement basically lying cash was involved and how the video kept running after they met with the state and they lied about being represented. Then you make up your mind if this time they are being 100% honest.
Please post reply from PNTV.
Holy crap this is even worse, read this.
“Here is a copy of the email from GBI regarding the farm, feel free to call the investor support number at the end of the email if you want to verify, I am sure they will answer all questions.
Dear LCG Investors,
This update is to inform everyone exactly where we are with the remainder of the purchase.
Let me be the first to acknowledge the frustration with this process. I can assure you, I share in this frustration. That said, let me shed more light on what has been going on behind the scenes.
Shortly after PNTV acquired us, they lost their CFO. As a result, Mark Bradley, their President and CEO, took on this additional role and they began their search for a new CFO. At the same time, Mark was busy negotiating the funding deals needed to pay off the remainder of the acquisition. However, having Mark be both CEO and CFO was less than ideal and, as a result, there were delays in key filings needed as precursors to secure/finalize the required funding. Specifically, their 2nd and 3rd quarter financials. The good news is, within the last two weeks, PNTV has hired a new CFO whom is now onsite working with us to make sure the accounting and inventory management is GAAP and SEC compliant. And, according to Mark Bradley, once PNTV files their 2nd and 3rd quarter financials, they have $6M committed and ready to be deposited. As soon as this occurs, per Mark, their first priority will be to complete our deal and get us closed out.
I have received many phone calls with concerns. “What happens if they never pay” “They are going to string this out forever” etc. I want to once again recap the structure of the deal so that some of these concerns can be addressed.
1. The longest this deal can continue is 180 days from May 21st. On November 18th if we are not paid in full (including late fees) PNTV loses any money that has been given to us as well as the rights to the business.
2. There is a late payment calendar that racks up money every day. And we are being compensated for the late payments.
In the event PNTV defaults on the deal and it is deemed null and void, we are gearing up for the following:
1. Our sales team is creating a sales pamphlet with videos, pictures, and full financial projections.
2. I will begin shopping for backup offers.
Please know how much I appreciate your patience as we navigate the finalizing of this purchase. If you have any questions, please don’t hesitate to reach out.
Best Regards,
Michael Gregory
(415) 741-9292
GBI Farms.”
Thanks Green Leaf I believe this one is very telling. So they have 1 month to come up with 4 million or farm is gone. GLTA.
“This company is lying. They still owe GBI 4 million dollars for the farm in California, plus the late fee for the last 3 months of 50k (per month). They claim that they are bringing in 1 million per harvest but if that’s the case then why aren’t they paying us for the farm? Here is the interesting part, if they are not current on payments come Nov 17, the contract for the farm in nullified and GBI acquires the farm back. We are already look for another buyer for the farm because we believe they will default. I am not telling you not to invest or to invest but I just wanted to share some facts with you that the ceo “accidentally on purpose” left out.”
Post from board.
Reply from company to an investor posted here, also a poster who is invested in the seller posting they only got down payment and not a payment since.
PNTV officially does not own Salinas no wonder financials are not filed yet. How can you claim revenue from a business you don’t own.
Even worse investors from the seller are here stating that payments have not been made. Mark agrees they have not paid the money they owe, they are now 4 months past due on the first payment and a total of 4 million they owe. More alarming Mark’s statements on why the payments have not been made conflict with the sellers reasons.
The Comcast relationship ended in a lawsuit that they received no cash for, they wanted to sue the State for unfair dispensary selection process must have decided it was best not to, they were sued by lenders for non payments of loans and ordered to issue stock to settle and now this most certainly seems is going to end up in court or dragged out much longer. I see a terrible trend here of disputes ending with PNTV losing, don’t expect to see those revenues from Salinas everyone thought were coming. It all makes sense now why they didn’t file the 2nd Q and why Geoffrey Lawrence quit. The timing on both line up perfect, Geoff saw they had no chance of getting Salinas done and got out quick when Mark decided not to make payments on the purchase. Lawsuit coming I feel.
People here were talking about Paul Rosen’s company investing in PNTV for Salinas guess that’s not even a hope now they don’t even own it. This is not a stock to be all in on right now this is going back to .03 maybe less real soon when the news of payments not being made gets out.
PNTV is in default for Salinas, no different than someone buying a house putting money down and then defaulting on loan and losing the house. That was shareholders money they put down in other words came from convertible loans. So expect to see some major dilution in the next filing if it ever comes out. That’s on top of the 100,000,000 shares diluted in last 12 months. They don’t give a crap about that down payment.
Geoffrey Lawrence quitting makes way more sense now!! Read previous post.
PNTV officially does not own Salinas no wonder financials are not filed yet. How can you claim revenue from a business you don’t own.
Even worse investors from the seller are here stating that payments have not been made. Mark agrees they have not paid the money they owe, they are now 4 months past due on the first payment and a total of 4 million they owe. More alarming Mark’s statements on why the payments have not been made conflict with the sellers reasons.
The Comcast relationship ended in a lawsuit that they received no cash for, they wanted to sue the State for unfair dispensary selection process must have decided it was best not to, they were sued by lenders for non payments of loans and ordered to issue stock to settle and now this most certainly seems is going to end up in court or dragged out much longer. I see a terrible trend here of disputes ending with PNTV losing, don’t expect to see those revenues from Salinas everyone thought were coming. It all makes sense now why they didn’t file the 2nd Q and why Geoffrey Lawrence quit. The timing on both line up perfect, Geoff saw they had no chance of getting Salinas done and got out quick when Mark decided not to make payments on the purchase. Lawsuit coming I feel.
People here were talking about Paul Rosen’s company investing in PNTV for Salinas guess that’s not even a hope now they don’t even own it. This is not a stock to be all in on right now this is going back to .03 maybe less real soon when the news of payments not being made gets out.
Salinas property still not closed on per David. Is revenue really PNTV’s? Mark conflicts his own statements he said more than once they are ready to turn the paperwork over to the auditors. Guess that still hasn’t happened even though those comments were made weeks ago. It never ends here always a reason that they are not getting critical achievements completed.
They currently do not own Salinas if they have not completed all closing documents.
Massive dilution here, 100 million shares last 12months
PNTV always a day late and dollar short. Once again the Green Rush is on and MJ prices are climbing and many companies are releasing good news stories and riding the wave. Yet this is when they decided to go dark and stop reporting financials to the SEC. Now would of been the time to be fully reporting and have all your businesses in order. But no they have a stop sign so many can’t even buy shares if they wanted too.
Canada MJ companies are on the move up, it’s federally legal there and the whole country goes Recreational legal tomorrow. That’s a Boom!
$4,000,000 diluted by PNTV in last 12 months. Or 100 million shares however you want to look at it.
Now you know why they won’t adjust share structure, they are giving 100’s of thousands shares away to pay defaulted loans and bills. And they no longer report financials to the SEC that is not a good sign.
When comparing PNTV they fail miserably, take a look at one of GBLX’s video of their grow in Vegas. PNTV is like looking at someone’s basement grow but bigger vs. a professional medical facility grow (GBLX).
Sold most my shares moved them Canadian MJ stocks and one US MJ stock. The Canadian MJ companies are blowing PNTV away in share price gains recently oh and it’s federally legal there too.
https://gbsciences.com/the-process-is-the-product/
100 million shares diluted in last year by PNTV!
568,000,000 sept 17” shares outstanding
661,000,000 oct 18” shares outstanding
100,000,000 shares diluted in last year by PNTV! Your shares are now worth about 20% less because of that and about 50% less because of the share price drop.
568,000,000 sept 17” shares outstanding
661,000,000 oct 18” shares outstanding
At an avg. share price of .04 that’s worth 4 million.