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Denial is a natural reaction. Outside of another paid promotion by this fraud with IRTH Comminucations, this POS is going nowhere. Unfortunately it is impossible to short but you keep believing that this is a real company and see where your investment ends up. Me nd plenty of others cannot wait to see the dressed up Q4 results so those can be turned over to the proper people as well.
My response is based on facts and not hype and speculation.
SELL into any Strength or Volume!!
1. Crackpot of a CEO has issued tens of millions of low priced shares as depicted in SEC filings. Shady parties such as Honig, Brauser, Leighton, Stetson and others named in recent S-1.
2. This company should not be correlated with any positive industry news as this company has no business model or revenue tied to the industry. They only sell discounted shares to a selected few people to keep these clowns in getting a paycheck.
3. Company only goes to conferences sponsored by IRTH Communications as part of the PR scam. Traveling and staying in hotels and partying is how these kids are spending shareholders money. No business gets done as depicted by the pathetic financials. Most of these conferences are “paid for” events meaning that they have to pay to attend as nobody really cares about this scam of a company.
4. The crypto play is just another ploy to try to take advantage of a market buzzword. You have to be a business first to offer blockchain and this company has a defunct website that allows people to post pictures. Can be explicated in days and have heard for years about how they were updating it. All a bunch of BS.
Lets see how long this will get tossed around the Senate before any action.
What will be interesting is to see if they can sustain a positive growth for the EPS.
Cannot wait to hear the nonsense once this breaks $0.25. You fail to see VFIN on the offer and it is just a matter of time before these frauds hit the bids to convert their paper issued by this crook Dietrich into cash.
I have followed both for quite some time as well and believe owning both is a safe way to play the industry.
Great insight but you are forgetting about all this great “crypto-scam” news that is about to come out and what great support this stock has at $.25! LOL!!!!!! These people see 100K shares on the bid and get all excited. What they do not understand is that there are millions of shares that this scam just issued and these frauds will sell regardless of price because of the low price issuance.
This POS is going nowhere. Any news out of this company is laughed at as this company has ZERO credibility. Word is out on this scam. Cannot wait for this clown to come to the Roth Conference so my associates and I can ask some questions regarding all the stock promotion, relationship with IRTH Communications, the embezzlement charges and how he paid the Board off and issuances of stock to crooks notorious scammers like Honig and others mentioned in the recent articles and listed in the recent S-1.
LOL!!! Who in their right mind would buy this junk? Look at your post, all touting great news and unrelated industry news. The whole country could go legal and it would not affect this scam one bit because they have no clue how to make a dime - only sell shares to the crook mentions in recent articles.
Hopefully after reading that article and doing some DD via the public filings, some of these people that keep touting and wanting to believe that this is a real company will soon learn of the inner workings of a stock scam such as this company. It all started with the frauds at Dutchess Capital and brought in the crooks mentioned in this article to mover their paper at the innocent shareholders expense.
I saw that article as well. You would think these guys would read between the lines but it is obvious they are part of the PR machine as mentioned in the article. Class action attorneys are going to eat this up when they see the long connection of this scam wth IRTH Comminucations, Honig and his circle of crooks that were all mentioned in the article as well as the fact that this new farce of a Board all have ties to IRTH Communications. Compound the fact that this company has no business and a crook that embezzled money and it is just a matter of time before they come looking to round up these crooks.
Blow up for sure, but not in a good way. This will be just another example of the frauds looking to take advantage of a new industry.
The only thing doubling is the amount of shares on the offer. Word is out on this scam and the long history of not being a business and merely a tool to get large amounts of discounted stock in the hands of people like Doug Leighton, Honig and his long time cohorts, stock promoters like IRTH Communications, Steve Markowitz and his entities and shady firms like Chardan. Just look at the last 9 months of filings and you will see the pattern. Look at the financials and amount of money burned through “G&A”, travel and marketing (that is most likely where Dietrich buries his embezzled funds) and compare that to the lack of revenue during the same period and it is borderline criminal.
Dietrich looks like a frail little bird and can be easily broken down when the bank statements, questionable issuances to IRTH Communications, and settlement agreements paying off the old Board and get into the right hands. I was told that class action attorneys are just waiting for more ammunition in the very anticipated Q4 lack of earnings report to see how they try to sweep all the wrong doing under the rug again. The current Board are a bunch of schills for Dietrich, IRTH and Dutchess and have signed up for a most certain class action suit for being part of this scam.
100% innacurate. The CNBC piece was not about MassRoots and their business. It was about a little kid upset that he got bounced from a casino because of his demeanor, drug habit and affiliation with a questionable business. You keep talking about $0.40 and beyond and this POS is struggling to get to $0.30.
What is fascinating is how some people think that raising money is revenue. They do not understand toxic financings or dilution and completely ignore the fact that this crook ran this company into the ground, has a pathetic reputation, stole from the company and still has no revenue or business model. They just think ICO or crypto means people will buy this scam.
Still waiting on $0.30. You just do not get the fact that this clown has issued millions of shares to some very shady people like Doug Leighton, Steve Markowitz and Honig and his gang of stock manipulators.
Impossible to short this scam. Please find me a broker that will allow you to as I will sign up immediately!
$20M DID NOT go into the crypto-scam. The $15M prior to all the hype of crypto was robbed and spent from the company before this crook went from the deep end and got himself fired for mismanagement and embezzlement. Not until October, same time that Honig pulled his crypto scam with RIOT, did this fraud of a company start talking about crypto and all the ICO nonsense. It was just another scam to raise money and issue heavily discounted shares to people like Markowitz, Honig and Leighton according to the filings.
I guess you have no idea who VFIN is and their reputation. They sell for schlop firms like Alpine, Scottsdale and other penny stock firms that accept this garbage paper in large quantity from frauds like Leighton and Honig. They are constantly firm on the offer.
It is comical to see some of the comments of how great this company is when nobody wants to give a clear explanation on where the $20M+ was spent. They only want to attempt to hype the stock with the crypto-scam talk, I am certain that this scam is on the SEC’s radar as they are fully aware of the rampant fraud going on with bogus companies with no business trying to ride the ICO/Token scam like this heavily promoted stock that constantly has notorious penny stock frauds like Leighton, Chardan and Honig involved. What they fail to realize is the endless supply of stock that is and about to hit the market.
Institutional investors do not invest in manipulated, non revenue penny stock scams. That blurb made him look like a complete idiot whining about being embarrassed being dragged out of a casino for being a low life. What is he going to say when the authorities drag him out of his office for running a stock scam, mismanagemnt of company funds and embezzlement?
What you fail to understand is that everyone is on to him and his addiction to PR. He is not the poster child for the industry rather the black eye and laughing stock of the industry. Most likely he was thrown out because of his state of mind, mannerisms, odd behavior and appearance and when he attemptempted to obtain a “loyalty card” (or obtain a marker to gamble with) and he had to put his employment information, they made the connection to the cannabis industry. He should of used his other company (his gay dating website) and they may not of ever known. He does not belong at the Wynn, rather Circus Circus!
You would think they would have to report it but you never know with these guys.
https://www.cnbc.com/video/2018/03/05/vegas-casinos-weeding-out-weed-money.html
Just saw this and could not stop laughing. He looks frail and disheveled and whatever disease is eating away at him is sure taking its toll. Funny how he loves playing the victim role much like the Apple crusade to get into iTunes years ago - nothing ever has to do with revenue, only a PR stunt. I am sure there was a reason he was tossed out of the casino such as illegal drug use, incoherent behavior or soliciting men. Just more bad PR for this crook.
Could not agree more. These things take time and they probably want to see more cover up accounting in the Q4 that is due by the end of the month.
Just to be clear there was well more than $250,000 including payments and bonuses of $100K+ to himself and excessive personal expenses that he reimbursed himself with company funds according to the ex-Board. The drug use and payments to male escorts with company funds was mentioned as well. They said he continually lied about his knowledge of payments to stock promoters and then found hundreds of thousands of dollars paid to IRTH Communications. All will be told at the right time. Lets see how they try to bury it in their 10Q.
Nothing but another PR stunt that will blow up in their face. Attorneys and regulators are fully aware of stock scams like this that are trying to use buzz words to pump up their stock when they have no underlying business.
Whether it happened last year or ten years ago, it is wrong and shows you what an inexperienced crook this clown really is. It was not dropped and settled out of court. Dietrich bribed the old Board with shares and cash to make them stem down so HE could drop the suit against himself. Who in their right mind could ever trust this crook?
Just look at the complaint filed by the old Board that was paid off by Dietrich to keep him out of jail. The idiots that were on the Board were careless with who they shared the bank statements with and flat out told people that he transferred money into his own personal account without authorization. It will soon all come out. I read on another Board that some old employees were fully aware of it and it was common practice when Dietrich was on one of his benders. It wil soon all come out as soon as this company files it’s Q4 pathetic earnings,
This is in a much better position the scam being run over at MassRoots!
And these funds are going right into his pocket and to pay for his fetishes and drug problem. This company has no business to support an ICO. Just another PR play to try to take advantage of the canna/crypto-craze. Unfortunately, the cat is out of the bag on this scam and the crooks involved.
The facts of this scam are in black and white and you are entitled to your beliefs. Just look at how the stock fell faster than Dietrich;s pants in a men’s locker room and you should be able to see that many others have ZERO faith in these clowns and their stock scam.
I guess you believe in Santa Claus and the Easter Bunny as well.
You have to have a business for an ICO and issuing shares to raise capital for 3+ years is not a real business.
Many of these cannabis companies have no clue how to act like a real public company.
The only tinng this clown needs to keep up is his pants and his stock price has gotten butchered the last 2 months!
Nothing but another way for this scam to raise toxic money and give shares to the likes of Doug Leighton, The Honig circle of thieves and Steve Markowitz - just look at their recent S-1 filing.
These a$$ clowns have never done anything legit and they sure as hell are not doing anything but trying to ride the crypto-scam wave. They have no business and are the laughing stock of the industry.