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He made a twitter post a few months ago specifically mentioning completing the reverse merger. I hadn't seen that term used publicly by him before so it caught my eye.
I don't give a rat's ass what shares the former owners sold or will sell. I expect they'll put all their shares on the market in time. They marketed an SEC reporting shell eligible for an R/M and delivered. They made a nice deal with GRN Funds by keeping their shares and I would expect they get compensated.
Do you acknowledge that GRNF is a shell company awaiting a pending merger with GRN Funds? This is has been publicly stated by JC as the objective. GRN Funds' actions indicate this is accurate. They paid $300k for an SEC reporting shell.
Current filings of a shell company is not the reason we are investing in GRNF. Please try to use facts that indicate future direction, instead of facts that are irrelevant to it.
Disagree. He has scammed what, exactly? I've been here almost a year and can't pinpoint where he has profited a dime from any shareholders of GRNF. Scams typically do that sort of thing.
GRNF will be over $5.00 soon. Quite confident on that.
Depending on the R/M candidate they choose for ESP, they might be as well next year. Same with Hempstract. JC is a pro at identifying, investing in, and building up startups. What's wrong with making money?
Well Bucc just gave us the email for the WA AG. Give him the info if you're concerned. I certainly wouldn't want any shenanigans to go unnoticed.
Robert.Kondrat@dfi.wa.gov
Have you emailed them? If so, what crime did you suggest may have been committed?
Whatever expenses GRNF has at his point is paid by GRN Funds. GRN Funds' expenses are irrelevant.
I don't really know what you're talking about or why I should care about it. If you're implying some impropriety, then what is it? Otherwise I just see minor expenses paid by JC or GRN Funds for GRNF, which they own.
I expect that. They said as much in their filings. What's the problem? Their market cap will be in the billions regardless.
Honestly, if the funds came from JC, would there be an issue? If it didn't come from JC, would there be an issue? I don't really care who paid the bills.
I'm sorry, I'm just an average dude that doesn't know what an IRP is. Can you elaborate?
I feel like you're just nitpicking minor details. GRNF has hired employees and lawyers that need to be paid. Where that money comes from is not all that important at this point, is it? We know it's mostly from JC personally. Is that not indicative of a man invested in his and his shareholders future?
Standard shell company filings. What's your point? You think the acquisitions won't happen?
It would take him about a year to sell all his shares within the limitations. Where do you think this stock price will be after his first 10% sell? What's the point after that? There is NOTHING to support this theory.
Again, if you want to ignore the obvious and wait until the M&A is done, that's a fine conservative thing to do. But you'll lose out on some potential $$ by waiting to buy until it's official. We all know where this is going when the 8k hits.
You cannot say that GRN Funds that bought GRNF has zero assets. And you cannot tell me that they don't intend to complete this merger.
Nonsense. There's no indication whatsoever the principle shareholder is going to dump his majority interest. There is, however, every indication GRNF wants to use their public equity to enrich shareholders via valuable acquisitions and increased revenue. A multi billion dollar market cap is JC's goal, not a 2M share dump.
This is very misleading. While accurate, it does not take into account pending M&A activity. The shell is not filled yet. End of story for GRNF as far as SEC docs. Does the DD end there? No. Does that mean the buyer, GRN Funds, has no assets? Absolutely not. In fact they paid $300K cash to acquire GRNF, so zero cash is not quite accurate. The assets just needs to be transferred via the merger, as GRN Funds stated they will do when they acquired DCGD. Hopefully, that will happen very soon.
So, we're back to waiting months for something else to happen. Awesome.
Merger plays aren't for everyone. Personally, I like the risk/reward ratio on this one. It'll be a phenomenally profitable investment, IMO.
Why? Is GRNF involved in the suit? I'm looking, but I don't see them on the complaint.
Exactly my point. Read what I was responding to. There's more verifiable to GRN than "new websites", that aren't even that new.
In the 8k...
Gonna have to wait for it like the rest of us.
Blatantly false. I guess PBC got an exclusive contract with Cannatrac because they have a website? And I guess CANN filed a fake suit against JC's fake company, just to keep up the scam? And Soulshine doesn't sell over 1M worth of cannabis a month, they just make up fake numbers for 520data.com?
You would not believe how happy I'll be when this thing gets going. I'm patient. No choice really though at this point. lol
It's not confirmation until we see filings. Not sure what that site is, but I question its accuracy. They're a little premature in their descriptors, IMO.
I'm here to educate, if necessary. ;) School is in session. For the google challenged folks, interstate is leaving one state border into another, intrastate is staying within state borders.
I was thinking more of transport, not necessarily air travel, sorry. You're correct. FAA jurisdiction has similar constraints as banking -- federally illegal. Although, that's not the TSA's main focus.
Interstate is illegal, not intrastate.
Don't get me wrong, I'm not trying to pump the drones. I don't expect that to be any kind profit maker in the the next few years. But there obvious potential once the technology is proven. There is definitely a niche here that should not be ignored. First movers typically have advantage in the marketplace. And there is a drone marketplace now, no question.
I was referring more to the delivery service, but I want a drone ride to work. It's only 4 miles. That'd be awesome. If it's not feasible in one area for whatever reason, does not mean it's a no go in others. The US is a pretty open space for the most part.
Is it so far fetched? There is an obvious and immediate market for contactless delivery. Drone Squad should not be discounted. In fact it's even more likely to be successful now than it was 6 months ago. Personal transport is just the next step. We've all known it was coming since the Jetsons lol. (For you youngsters, that's a cartoon show that aired on Saturday mornings in the 1960's.)
https://dnyuz.com/2020/05/23/the-drones-were-ready-for-this-moment/
Remains to be seen, eh? ;)
Nope. Not happening. False hysteria.
JC publicly said he's not selling any shares. The notion is rather silly if you look at what would happen if he does.
What's fun is that the real companies JC own either services or participates in that very same surging sector. Good, yes? Soon, GRNF bagholders will own them as well. Unless you're a lurker waiting for the 8k to drop before dipping your toe in. Many of us already know what's coming.
JC/GRN Funds does not and never have owned those 12 companies in the brokered deal attempted a few years ago. Those were all retail merchants in WA. Totally unrelated to the pending GRNF acquisitions.
A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale.
In a move that’s being described as “unprecedented,” Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the 12 retail cannabis firms.
GRN Funds CEO Justin Costello – who’s brokering the sale and claims he has spearheaded 80-plus cannabis deals – said the businesses are located throughout Washington state but most are in the Seattle area.
You are correct. They are not a retail bank. But neither is my broker and I get monthly statements from them, though their deposits don't exist in "their" bank. They take deposits and pay withdrawals. They even have a high yield savings account (that's dispersed between 6 major banks so I get FDIC insurance on any balance) that I can do direct deposits and automatic bill pay. A little different kind of money management service than PBC, but you get the idea.
edit: I shouldn't say broker. They are a wealth management firm that invests on your behalf. I don't actually personally trade stocks through them.
And are you seriously saying PBC has the right to falsify their clients statements, at will, for their own benefit? That sounds highly illegal to me, and highly implausible. The management contract is between PBC and The Client. Not The Client and PBC's banking relationships. PBC can use whatever means they deem appropriate to facilitate their client's needs.
You really need to research when and why companies use a trade name (DBA). It has nothing to do with anything nefarious, like a shadow company, whatever that means. My opinion of why Pacific Processing, Inc, used a DBA for PBC, is that this the corporation intends to expand and market itself in other markets and international. They could create multiple DBAs under Pacific Processing for each market to make them more attractive to their audience. Would you sign up for Pacific Banking Corp in Florida, or would you sign up for Atlantic Banking Corp? Or Midwest Banking Corp or Illinois?
An assumed name also allows a single legal entity such as a corporation or LLC to operate multiple businesses without creating a new legal entity for each business. For example, you might set up a parent corporation with a generic name like LVH Web Enterprises, Inc. or Neighborhood Bars, LLC, then file an assumed name for each website or bar if you're planning to operate a series or chain of them.
There's often significant expense involved in filing and maintaining a corporation, so this helps control costs while still allowing you to expand your business.
You can also use DBAs to segregate your business. If your company wants to get into a new business line that has nothing to do with your existing business and company name, you can create a different, appropriate assumed name for the new business line.
If your company sells the same products, but to different audiences, you can also use different assumed names to keep everything straight. For example, if you sell women's clothing and teenager's clothing, you can set up two different assumed names to help you target each specific group.