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Nice. Looks like the 7.5 million is in addition to the original 2.5 million. We are well funded now.
Morning. I do not know exactly when that was taken. Within the last 30 days I'm guessing. They have the majority of equipment, lights, modules etc in. They did a build out for the extraction room from an existing room, stainless steel counters, sink, sterile panels for the walls. For cultivation the grow modules are self contained so I think they are sterilizing the areas and not building rooms but not sure. I've tried to up load pics pre build out but they are too big but I don't know how to resize them.
That is a very true statement.
Casinos by law are not allowed to engage in the MMJ or adult use space at all. Principals, any owner involvement in a casino also precludes you. Until the Fed deregulates it you won't see big pharma or agriculture getting in either but I guarantee behind the scenes they are getting ready and planning.
I really don't know where you are trying to go with this.
Are you really suggesting that they are putting out false 8ks, posting pics and and PRs that are 100% lies?
I have been to our facility, I ask for updates regularly.
Here's the corporate website showing the the layout and pics.
http://www.playersnetwork.com/marijuana/green-leaf-farms
In reality it doesn't matter what any of us BELIEVE. The REALITY is we have a license to produce and cultivate medical and adult use cannabis. We have all the money we need at extremely favorable terms. Our initial grow modules are here, we have our cultivators, soils, lights.
We are just weeks if not days away from receiving our Certificate of Occupancy from the state. I hope you still own shares to take advantage when we get to higher valuations.
No of course not. I've been to the building, toured the facility. This is completely real, we have more than enough money and our Certificate of Occupancy is within sight. We will be up and running by January depending on the state. If you want to speculate whether we will be successful your choice but make no mistakes, this is real. We have a license to grow money in Las Vegas, NV!
In addition. Reference the latest 8k.
Yes he did. It is the same space from the Mcig update but it has been finished out from the looks of it. Mcig is managing the conversion.
I asked mark to send me some pics. Here is one. more to come. Hope it works.
chart]investorshub.advfn.com/uimage/uploads/2016/11/30/mbpgtgreen1.jpg[/chart]
They haven't had the inspection yet but are very close. I would expect an update very soon. I keep telling them to do a video walk through to show shareholders our investment.
New 8k out. Looks like we just got several more million invested into Green Leaf. Money problems over.
https://www.sec.gov/Archives/edgar/data/1037131/000149315216015530/0001493152-16-015530-index.htm
And when you read the terms it's not payable for 2 years until after the whole investment of 2.5 million is received. In theory this investment may not even have the payback clock start until well into 2017.
They hold none of those as well.
You mean this? Was actually filed by Vie Vires.
https://www.sec.gov/Archives/edgar/data/1037131/000161577416008598/s104784_sc13ga.htm
Yup. Completely 100% paid and closed. No more Asher.
Got it. YES!!!
Who's that?
Copy that! Gonna be a good I think.
This is the share holder update from the sticky above. It details with the names of all the people involved. From the cultivators to the soil to the lights. We execute that plan it will be a fun 2 years.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125873697
I agree to an extent. I think we were lucky not to be granted a dispensary at first. No market. When the Adult Use goes into effect having a dispensary or 2 would be very valuable to margins and branding. If we can sell what we grow more money for us. Here's the link.
http://upticknewswire.com/wp-content/uploads/2016/10/Uptick-Network-PNTV-Interview-10-20-16.mp3
It's in the podcast and maybe the share holder update. They are applying for 3 of the 110 Adult Use dispensary licenses coming available in 2017.
And I do believe this week we will start to hear a lot of news.
You are so correct! But I can tell you right now IMO they don't need the money from Comcast to start operations and go Boom. We will be up and running before the end of December. Comcast will be serious gravy!
There is only 1 more note outstanding, not including the investment from RxMM, everything else has converted or has been paid off. That holder is on a payment plan and is not converting. There may be 6-8 million converted shares left to go through in the open market from previous conversions.
The 2.5 million invested by RxMM is set up as a note but is not convertible for 2 years after the entire investment is realized. That means the earliest they could convert is 2019. When we signed the deal the stock was trading sub penny at bout .003. The stock has seen a 500% increase since then, 1000% if you count the recent high of .0295. Not a bad use of funds I'd say.
Stay tuned. Gonna be fun.
I've read the filings. Almost everything is settled. It's Thanksgiving and retail for sure could be selling for a tax loss if they needed the write off. And retail may have bought between .005-.01 decided to take profits instead of risk it. In the next few weeks as we see the progress of the company all ideas of toxic debt will be put to rest.
Only 1 note holder left and there is a payment schedule in place for that. They are not converting. We're seeing retail flippers selling and maybe someone with smarts and money trying to accumulate. Weed O Weed. How we love you so.
Sure they do, it's called a wall. Gives the perception of weakness. And you are completely wrong abut the debt. People buying down here are going to be pleasantly surprised in the coming weeks.
That's not note holders dumping. We have all but 90k left in toxic notes. Even if you consider the 2.5 mil toxic it still isn't set to be repaid until 2019 earliest. This is a classic walk down and c*** block.
That note is not due for 2 years after the full investment is realized. If I read that correctly PNTV has to receive the full investment then it is due 2 years after that. The stock price was .0035 around April 20th when the deal was signed. Since then it hass found a new base at .018. Not a bad use of funds so far.
Below is from the same 8k.
(b) The purchaser is acquiring the shares for investment purposes and without a view towards further sale or distribution.
This clearly states the intent and purpose of the investment.
I also find this provision to be very PNTV friendly.
The transaction will involve a total investment of $2,500,000 to be invested into Players Network in the form of a Convertible Note Debenture. and in consideration of such investment RxMM will receive warrants as an Establishment Fee (Collectively, the “ Transaction ”) and that any portion when exercised will off-set and be credited as payment on the balance of the Note to the extent of the amount exercised, thus reducing the principal owed on the note pro-rata, and also a payable percentage of revenue of PNTV reduced with the same pro-rata until the Note is either paid back or converted to equity.
Again I am not an accountant but if I read this correctly the warrants can be called at a higher price will reduce the overall amount PNTV owes
.
Anyway you look at this PNTV made a great deal and so far have put the money to such good use we have seen a rise of 1000% in the stock price from our recent peak.
We get our COO and this money will look very cheap. GO PNTV!
I posted an article right after the election about how the Trump Administration may be towards it. They said with the agenda in place this would be a low priority and could even be an olive branch as they put it to the Democrats. They are also supposed to be about individual and state rights so lets hope.
Thanks for the insight. I lived in Vegas for 7 years and my good friends still do. The town is going to explode again.
Initially I think it will be like Colorado. They couldn't keep enough inventory stocked in the dispensary's in the beginning. It actually affected the Pot market in CA. They are not supposed to but they came here to get it and brought it back. NV will be much more regulated or at least enforced. Also in CO there are 5x the amount of dispensary's and cultivation operations than in Vegas. I really believe in the beginning the demand is going to exceed supply in multiples.
As for the strains I've talked to Mark extensively. I lobbied for him to make half his grow in organic soil. Told him that quality was going to set us apart, go after the high end market (no pun intended but funny still). He listened and here are the bios of our team put out in the last PR..
I would like to welcome two amazing growers to the Green Leaf Farm team; Jae Benjamin and Corey Crosser. Jae is a seasoned expert at growing Cannabis and uses his 20 plus years of experience to develop top genetics using 100% GMO free pure organic nutrients and soils, allowing Jae to grow some of the highest quality cannabis and CBD enriched medicine. Jae is a personality in the MMJ space and has been recognized as one of the top influential people in the business who was a protégé of Jack Herer. Jae also stars in several upcoming feature films and new TV series. Corey, growing hydroponically, has a discipline in vegan plant growing and is an expert in hydroponics who also has several cutting-edge medical strains which are 100% vegan with no pesticides. Corey and Jae are a team with the ability to produce high-quality, market leader, innovative strains to compete in the emerging market.
This is what will set us apart and allow us to be a leader in the industry. When they alingn the media end with the our grow operation I think we will be one of the top companies in the country.
Well put Hawk.
What's January 17th?
I'm not worried, I have 10mm of my own. I was just curious to hear others thoughts on what I am seeing. We get our COO and we reach the next level which I think is the .03-.07 range.
I'm not conspiracy theorist but looking at L2 seems like we are being boxed in. Any thoughts?
Thats good information thanks. Hopefully he stays true to individual state rights.
You're welcome. When he was winning that was the first thing that came into my head. Now we just need to get our COO from the city of North Las Vegas and I will sleep easy. The investment, the licenses, the building, the market are all real. I know it's been a long haul but thank God for weed! It's always been bery bery good to me.
I think it is a legitimate point. Most of the MMJ stock pops were pre election. We don't really know what is going to happen. Here's an article posted yesterday on the Donald.
http://www.attn.com/stories/12674/what-will-happen-your-weed-under-donald-trump
Not sure if they have figured that yet but I would think they will try to create several brands.
Nope. Not happening. And that is a good thing.
PNTV is Green Leaf farms. PNTV owns 84% of Green Leaf. PNTV has a licence to produce oils waxes edibles etc and they have a license to cultivate flowers. We do not have nor has anyone ever claimed to have a dispensary license. I have seen proof, been to the building and toured it. The fact that they have these licenses is indisputable all one has to do is check with the licensing departments. Now whether they will be successful is another question entirely. I believe they will.
http://playersnetwork.com/marijuana/green-leaf-farms
http://playersnetwork.com/files/Green-Leaf-Farms-Executive_Summary_Q12016.pdf