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The A/S has been that high since 2011. The $3 million in shares is what the concern is over. No one knows if he found his private investor to buy them up or not.
People just bought millions and multiple millions of shares for $.0012 and under...it's nothing at all to dump starting at break even 1% a tic until they get back up to .002...
And clearly you trade a caveat emptor stock like RIGH based on it's shining record...
Mass hysteria is going on...that is all
Massive buying into massive selling always results in the next guy wanting a better price than the last.. What were you lied to about? Share structure? Nope. Was filed and published by Jan 16th. That wazzilo is a media company and just signed another deal two months in a row? That STBV is a real estate investor with properties from California to Mexico? That they are in negotiation in CO for a grow op investment? Don't know but whatever happens can't be announced until it happens... What were you lied to about personally?
Same here and ILIV... this is getting crushed under buying pressure, not dilution. Weak hands and the impatient will crumble. Buyers in control right now...
Oh you mean the company that's only income and customer is the CEO's private distributor and his wife...take a look at their annual filing. The company has 50K in revenue. $2600 of it is owed from the CEO's wife's company and the rest is product holding at the CEO's private distribution company, which they can take back and put back into inventory at any time and erase the transaction. Sounds like a much better investment.
There is a difference between 4B TRADED and 4B SOLD. A lot of recycling going on here. Not many people are holding on for very long.
If he lies or has lied to shareholders you can sue him. So far he hasn't though. You guys are giving away your shares at these prices. He's not forcing you to sell them. There is absolutely no evidence that there are 30 billion shares being unloaded right now. All I see is panic selling of people's portfolio.
Over half of the volume was entered this morning from Friday. 450M were entered as T-trade before the bell.
Make up your mind...
EITHER there has been millions in dilution and the company has plenty of money to operate with and make things happen... OR it hasn't been able to sell the shares and therefore the only thing that has happened is they just closed another $50K deal. Both are just as positive.
No kidding. If you are watching this trade real time you would see that buys are flooding this thing. Call it what you want. Say what you want. There is a massive buy up taking place here. People are cutting their loses and there are sharks circling just waiting for you to give up based on dubious information.
No it wasn't it was T-trades from Friday being entered in. You can't have 450M in volume if no one can buy shares
CHOMP CHOMP CHOMP
Buyers lined up
No...T-trades getting entered from Friday since it was a holiday weekend
.0020 / .0021 and moving north :D
Looking that way. Gonna be a good day of trading in the 2s
For it to report as volume, someone would have had to buy them this morning at 17, which is impossible since no one can trade before 9:30est. It is a T-trade from Friday that just got entered.
OTCs do NOT trade after hours. The market is not open. It must be a T-trade from Friday that just got reported. Probably the short cover honestly.
I just put my sell order in for .0029 so that may account for some of the L2 action. I see 40K bid and 40K ask at .0017 before it hops to .0018. If someone has an ask in at .0015 then they are cheating themselves.
Any one else find it ironic that Mr. Chaaban's Edge Nutrition stores don't carry Cenergy products either :D
Ok.. for starters...
Why do valid observations always get met with snide remarks?
- The permit is from January 31st. The same day he initially announced construction was beginning. They just started digging the foundation trench 3 weeks already into the project. Expected time to complete erecting the new 58,000 sq ft building is May 12th.
- The new building is going to be at least 45 days behind schedule of when everyone here expected it to be up and running last month. Even in mid May it will still just be an empty barn.
- The existing building is still just a husk with 4 walls and everyone is expecting an April start up there. No sign of any work permits for any of the necessary work on that building.
- There are questions about licensing
- There are questions about zoning because up til now, that area was supposed to be used as a movie studio and a solar power plant so it's zoned for industrial, not agriculture. Granted, it never became either of those so who knows
- There are questions about power and water consumption
- There are questions about logistics. There is no infrastructure in the city suited for handling any of the requirements of this business plan
- There are questions about who's financing all of this because according to Bill today, PHOT already issued the 235M shares for 25% of CEN-Bio. Except that can't be, because they filed an 8K with the SEC that states they are going to be issued under the condition that FITX even gets a license
- There are questions about when amended 8K is going to be released to reflect something other than a 10% ownership in CEN-Bio by FITX shareholders
- There are questions about why the people involved have a history of profiting themselves and leaving everyone else holding the bag. Especially, when it comes to dealing with the Canadian Government.
- There are questions of conflicts of interest both within FITX and the W-E Economic Development committee
- They chose Canada because they can export weed to the same countries they will be importing the seeds and plants from to begin with???
- Their primary customer is going to be the Canadian government. They have no control over their sale price or volume produced.
Nothing has changed or gotten any better or worse. Everyone is still waiting on everything just like they were last month. There is only one thing changing with no idea when or what we'll end up with.
There are a lot of valid questions that are just that, valid questions. I'm not even going to get into the volume and grow projections. They aren't answered because no one knows the answer so everyone just says "Why ya gotta hate, bro"
Ok so the permit for the new building says it will take about 3 months just to be erected and run out to May 12th.... Is there any permit for any of the work that needs to go into the existing building to be up and running in 6 weeks anywhere on the premises? It is currently just an empty husk of a building at this point, afterall.
Not entirely lol... look, there is a LOT of dirty laundry and skeletons buried down here in pinkie land. I'm not going to uncover all of on here nor do I even care to look into most of them but I have my opinions about several stocks based on a lot more than just their quarterly or annual filings... most of these companies have a record of keeping their profitable businesses as far away from their publicly traded ones as they can. This guy is propping up his company every and any way he can on his own. There are fair less noble things he could be doing
If that's the worst STBV does, it's still a mile better than half of the rest.. and far more reputible. I'm not defending it but "having too many shares of stock" is not the worst thing happening around here...
There are a lot...
one company "sold toothbrushes and other oral care products" reverse merged with a web design company owned by a failed Beverly Hills tax accountant that refers to that job on his resume as "website marketing" going to be the CNN of pot now...averages 36 viewers a webisode on youtube...going to be HUGE
TTDZ...nah that's too easy...
FITX... oh don't get me started on that one...
Modern Mobility Aids, Inc (MDRM)... just look at the exposure they are getting... $$ MDIN going to make waves and gain $MDRM is ready to run! MJ play ! MDRM a lot of people are expecting Multiple...
the list goes on... no one knows who they are, what they do or how they plan to do it...
You're misinterpreting their use of "promising". It should be obvious by the shocked and dumbfounded posts here that barely anyone checked the share structure.
I've read it and I'm up to date on the state of the situation. I'm just saying that not too many people really care about OTCs in the first place. They try to buy in cheap and try to sell high. There are a thousand similar stories and some that are far worse than just the share structure behind the scenes. No one cares what the share structure is when you can buy millions of shares for under a penny and wait for it to tick up .0001 to make $200, $500, $1000... It all sounds horrible from an "investment" perspective but for day trading it happens all day every day. People still trade Luxeyard and they have been bankrupt for 3 years. People still trade VLNX. People TRADE GLCO for 3 cents, $15 million dollar market cap and that "company" has $200 to it's name. People still trade USEI and they have been a "development" company since 1996... people simply don't care about these companies or what they do...
I'm not concerned about it. I think it's safe to say that we are a long ways away from 30 billion shares being unloaded without some catalyst that makes them marketable. 4 billion is excessive, but if other companies with as much to go on can play with 3.4 billion at .10 then 4.6 billion at low sub pennies will get traded all year long. At the point that the 30 billion shares do end up getting bought and dumped, no one will care how many shares are in play at the moment because something big will be taking place.
A whole article no less... touche' ;) Hadn't looked cause it wasn't pertinent to my point that the SEC filing was submitted on the 13th of January, not February. There was a PR released on January 15th that coincided with the share dump, not this one.
By giving private investors something worth buying 30 billion shares of, I'd imagine. I have my suspicions but pumps hide in plain site. It's not hard to find out if there was a fresh pump put out to coincide with this PR release.
Strategic Global Investments, Inc. Enters Into Negotiations to Acquire Colorado Marijuana Cultivation Facility
Date : 02/10/2014 @ 8:45AM
Source : Marketwired
Stock : Strategic Global Investments, Inc. (PC) (STBV)
Why does everyone keep trying to tie the share increase to a pump involving this PR? They are separate by almost a month. Everything was filed and finalized before February even rolled around. There is no pump chatter on the internet so whatever this is, Andy didn't even pay people to pump it up so it must have some leg to stand on it's own. There was clearly one that coincided with the SEC filing last month:
Strategic Global Investments, Inc. Set to Launch Video Production for "ILA" Making Promotional & Sales Videos Targeting the R...
Date : 01/15/2014 @ 8:30AM
Source : Marketwired
Stock : Strategic Global Investments, Inc. (PC)
http://www.sec.gov/Archives/edgar/data/823187/999999999714000139/9999999997-14-000139-index.htm
I'm going to resist the urge to comment directly about your post but simply say that multiple "competing" supplement companies being directly connected together operating in Michigan and incorporated by the same CPA in NV presiding over their offerings is...curious and dare I say it... should probably be considered a major conflict of interest as far as shareholders are concerned...
But no one actually takes any of this seriously so that must be why its so funny
Bill and Randy are silent partners in each other's companies...
They even use the same CPA,
Fred Schiemann C.P.A.
429 W. Plumb Lane
Reno, NV, 89509
United States
http://www.corporationwiki.com/p/2dgufw/hpc-pos-system-corp
Bill owns 25M shares in Randy's company, HPCS, too
http://www.otcmarkets.com/financialReportViewer?symbol=HPCS&id=112630
7/23/2013 BChaaban 25,000,000 0.001 Services Rendered - page 3
On Feb 14th Bill posted a 30 second video of them moving more snow around to his FB page with the caption:
Site prep and footings being dug for the new building. I was advised they will be completed early next week.
That is correct. "Bill" has several private holding companies. He keeps the ones worth money in his private collection, CGIA, AJOA... and trades the broken down shell of a company, FITX on the OTC. I can't remember off the top of my head whether WP belongs to Bahige or Aswam. Either way, they all collect a share of about $90 million at today's price of $0.38 for PHOT. They already traded 12M shares of FITX to Bill's cousin Jim for the property in Canada so their only cost is construction at this point. Except that Bill just said they already got the shares by selling 25% to PHOT. The contracts surrounding this deal state that they don't get anything from PHOT until after they get a license and when they do, the amount of shares will be contingent on how much of the 1.3M lbs they get a license for.
Whether FITX or PHOT is footing the bill, it's not coming out of the company's pocket...
You have enough to go off of with UTRM info?
Yep.
This same one too...
http://www.sec.gov/litigation/complaints/2013/comp22892.pdf
Yeah I know the history :)
Been trading stocks for years on my own but THIS one is what got me here to iHUB cause I was like WTF is going on here...
I find this particularly interesting:
After the distribution of $40,000,000, any Distributed Income is to be allocated 40% to OGI, 30% to AJOA, and 30% to WP. OGI is not under the FITX umbrella. I still don't know for sure, and personally believe that AJOA & Wise Phoenix aren't either... But either way, that clearly says 60%, not 75%.
Sterling needs to coach Bill a little better before his NEXT slip-up...
"How did you raise the money you needed?
We entered into a collaborative partnership with a company called GrowLife and sold them 25% of our revenue stream. They are funding our operations, providing financing and equipment. They are in the picks and shovels part of the business. They sell lighting and equipment to other growers."
Read more: http://www.businessinsider.com/company-plans-to-make-5b-selling-pot-2014-2#ixzz2tah8rJom
Am I just reading this wrong?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9739042
In addition to the 25% equity interest in CEN, OGI is entitled to a preference should there be any Distributed Income. Distributed Income is defined as CEN’s net income, after adding non-cash expenses less any reserves designated by CEN’s Board of Directors. The reserves are not to exceed 20% of CEN’s gross revenues. Under the terms of the Interest Purchase Agreement (“IPA”), Distributed Income is to be allocated 60% to OGI, 20% to AJOA, and 20% to WP until distributions have been made equal to $40,000,000. After the distribution of $40,000,000, any Distributed Income is to be allocated 40% to OGI, 30% to AJOA, and 30% to WP. It is the intention of the parties to the IPA that distributions from available funds are to be made at least on an annual basis.
CEN’s obligations to OGI under the IPA are secured by all of CEN’s assets, excluding personal property and inventory to be sold in the normal course of CEN’s business. OGI shall retain this security interest until such time as CEN has distributed an amount equal to $40,000,000.
In exchange for the rights discussed above, the Company is obligated to issue a total of 235,294,118 restricted shares of its common stock (“Payment Shares”) ($40,000,000 calculated at $0.17 per share), should certain conditions be satisfied. 117,647,059 of the Payment Shares will go to WP and the other 117,647,059 Payment Shares will go to AJOA upon the satisfaction of the issuance conditions. In addition to certain document delivery requirements (e.g., financial statements and other corporate records), GrowLife will issue the Payment Shares only if it receives documentary evidence that a Canadian government agency has by contract, license, or otherwise granted specific rights to Sellers or CEN to grow, harvest, sell, import or export cannabis and cannabis bi-products in an amount not less than 1.3 million pounds of dried cannabis annually. If CEN is not granted the right to grow, harvest, and sell at least 1.3 million pounds, then OGI has the right to rescind the IPA or reduce the Payment Shares proportionately. This transaction is also conditioned upon the Company’s shareholders approving an increase in the Company’s authorized common stock at the February meeting of shareholders.
8.1.ii.3
Issuance Condition.
In addition to all of the documentary deliverable requirements contained under this Agreement, which the issuance of the Payment Shares are expressly subject to the satisfactory acceptance of Investor, in his sole discretion, additionally, such issuance of the Payment Shares are also expressly subject to Investor’s receipt of documentary evidence, satisfactory to Investor, in his sole discretion, that a Canadian governmental agency (e.g. Health Canada, Canadian Ministry of Health, etc.), the Minister of Health, or other person acting upon authority under the laws and regulations of the Country of Canada, has by contract, license or otherwise, granted specific rights to Seller, R.X.N.B. Inc., or CEN Biotech Inc., to produce, grow, harvest, package, sell, import and export, cannabis and cannabis products and bi-products, directly or indirectly, to sanctioned importers, exporters, distributors and/or end users of not less than 1.3 million pounds (“Minimum Volume Amount”) (collectively the “Issuance Condition”). Once the Issuance Condition is approved and verified by Investor, Growlife will be obligated to issue the Wise Phoenix Shares and the AJOA Shares. In the event that the Minimum Volume Amount is less, then the Investor shall have the right to rescind this Agreement or reduce the Payment Shares proportionately compared to the Minimum Volume Amount shortfall.
OK, so PHOT already gave them the money that was contingent on them getting a grow license and subject to be modified based on the amount they got approved to grow? Kinda means all those 8-Ks and contracts are fraudulent then doesn't it? Would also mean that PHOT already diluted a GIFT into their shares without an announcement to fund this project would it not?