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5000 share slap, pump is so obvious.
Another 6M dumpfest? Solid. ??
Lmao killing it
CFGN dumped 6M on bid. Couldn’t pump it out of a paper bag.
Bwhahaha, this garbage is getting diluted like the fat pig she is. B team pump sends it to trips.
Bankruptcy, lmao, didn't you say kiosks were gonna be a huge revenue producer?
Sub-penny from $3, lmao.
Not at all, just the ability to recognize fraud when I see it. Been calling it for what, 9 months now.
LMAO, hilarious. Didn't you call it at $2, $1.50, $1?
Yes, yes you did.
LMAO, increase of AS to 20 billion shares. This should end well...
Shut down Instagram, will likely shut down Facebook soon too as they are being obliterated.
Might get a dead cat bounce based on some pump group coming in, but that's about it.
Company is essentially worthless at this point.
They haven't secured that $10,000,000 yet and likely won't based on them now having shut down one of their dispensaries in Nevada. The PR clearly states they didn't close on the $30M private placement, $10M of which Schottenstein committed to based on securing the other $20M.
Furthermore, based on current share price, any additional capital raise would dilute the company to the tune of 100,000,000s of shares. Reverse split will then be inevitable.
"The Company has received a commitment from All Js Greenspace to subscribe for US$10 million, in the aggregate, of the proposed US$30 million Private Placement. It is anticipated that the Gross Proceeds of the Private Placement will be available to the Company upon the achievement of certain financial and operating milestones. The subscription price for Common Shares under the Private Placement will be the greater of (i) a 10% discount to the then market price of the Common Shares on the CSE on the trading day immediately prior to the date of issuance and (ii) a 10% discount to the volume weighted average trading price of Common Shares on the CSE for the ten trading days immediately prior to the date of issuance (in each case, the "Common Share Subscription Price"). The subscription price per PV Share will be equal to the Common Share Subscription Price multiplied by 500 (five hundred)."
LMAO, you do realize the company was a scheme hatched by Barry Honig, who is good buddies with Serruya and Schottenstein? They realized the cannabis craze was in full swing and created the company right at the peak of the market. This was all planned.
The pumps with Jim Cramer were well timed to unload cheap paper. The share buyback was merely a ruse to increase trading volume, just like the Aphria takeover bid and the Moxie deal. All smoke and mirrors. Sorry, not sorry.
Sooooo, yeah, it's not short sellers? Sure about that, because that has been your go to for some time now.
Reality is the business model, regardless of the virus, was an absolute loser. This was NEVER going to succeed, period, as it was never meant to be anything more than a scheme to enrich insiders.
What a comical post. $2, $1.50, $1...you nailed it!
So your contention is the company isn't bankrupt?
The only nonsense is the complete and utter failure of this management and self-enrichment of one of the highest paid CEOs in the industry.
As I noted earlier, company is effectively bankrupt. Horvath's reckless spending, exorbitant salary, and failure to execute are to blame, nothing else!
Sorry, but the truth hurts.
Clearly you live a fantasy land.
Uh, what?
OMG, you can't be serious. A $1,000,000 salary would be typical if the company was CF and EBITDA +, which of course they are not even close!
"A minor lawsuit" which, if taken collectively, accounts for nearly $2,000,000 of their quarterly revenue, or 10%, which effectively wipes out what small margins they already have reported.
But please, keep lectuing everyone about the virtues of overpaying management, the "value" of start-ups, and how a business model based on brick and mortar retail sales that will essentially be wiped out based on recent macro events is still a winner.
Please let me know what you take every day to have such a fairy tale outlook.
Feel free to point out when it was painted down on $100 worth of shares.
I'll wait...
LMAO, I thought I heard it all, until that comment.
You know what the marketing company isn't going to do if it actually was in breach of K? Sue the alleged breached party. That's not how it works. No company is going to pay attorney fees (this isn't going to be a contingency case) for this kind of claim knowing a valid counterclaim would derail their case.
The excuses are just sad at this point.
Weird how this was painted up on $80 worth of shares, again, for the 100 trading day in a row. LMAO, what a joke!
That 52-week low is look sexy though!
The excuses you've continued to make are comical at this point.
Start-ups or early growth stage companies (your favorite buzz words) have no reason to pay executives like Horvath nearly $1M in cash every year. Have you noticed the company hasn't given out options to senior leadership since inception? Why? Because they are being paid like Fortune 500 companies.
I will say this, now that the conversion price for Schottenstein has been established, they will need to pump the living heck out of the stock to get enough volume to dump those shares.
Based on the language below, it's unclear how much the actual price will be, but it's safe to say conversion will result in a minimum of 100,000,000 shares be added to the OS. I suspect they will reverse split this turd at some point to enable dumping.
In addition, and in consideration of these concessions from the debenture holders, the Company has agreed to reduce the conversion price of each Backstop Debenture from C$1,225 per proportionate voting share in the capital of the Company (the "PV Shares") and C$2.45 per common share in the capital of the Company (the "Common Shares") to the greater of (i) the market price of the Common Shares on the Canadian Securities Exchange (the "CSE") on the day of this news release and (ii) the volume weighted average trading price of Common Shares on the CSE over the ten trading days following the date of this news release (the "Revised Common Share Conversion Price").
Weird, pretty sure I was RIGHT again!
ANOTHER NEW 52-week low! Congratulations everyone, you are one step closer to being sub-penny!
I've actually seen .00s penny stocks with more "revenue" than this scam.
If you believe Linda wasn't in on the scam, I've got a bridge in Brooklyn I'm willing to sell you.
The scam was as simple as it gets.
1. Agree to a private placement for purposes of expanding operation.
2. PR the private placement, claiming PPS is higher than current market price with purpose of increasing liquidity.
3. Pay "consultants" with stock. No trade restrictions or need to report due to consultant exemptions.
4. Pay "consultants" with the $$ they just loaned you.
5. Use remainder of $$ for G&A expenses, i.e. salaries.
NONE of that money was used to actually build out operations. NONE.
This company will go down as one of the biggest MJ scams in history, aside from the companies back in 2014.
Another lawsuit filed for non-payment/breach of contract, this time a marketing agency.
This company has proven time and time again that it's grossly mismanaged and more concerned about paying executives than it is taking care of employees and shareholders.
Their social media accounts have been getting blasted for not paying employees, that's shady as heck.
We all knew it wasn't "short sellers" rather it was the market foreshadowing the eventual bankruptcy that is now coming to fruition.
The insiders have once again enriched themselves at the expense of shareholders.
Still killing it! LMAO!
NOPE, sorry, wrong once again!
The agreement was made between the COMPANY and the CONSULTANTS via COMPANY REPRESENTATIVES. No one was duped, this was a scheme offered to MJ companies who had no liquidity (because no revenue) as a way to pump the stock. If you actually look at the time of the news releases, you'll notice those releases coincide with large volume spikes that were created by the misleading news releases. The COMPANY, by virtue of its representatives, knew the plan was to claim a private placement was signed, even though the money was to be paid back to as fees to the consultants. The paper trail will eventually show the company not only paid the consultants with that money, but that any money left over was used to pay themselves and not for purchases of building projects.
Sorry so few seem to comprehend this very damning information.
Well, looks like it was another end of day paint job to close it green!
Now that we are below $.10 USD, expect the dumping to accelerate on the way down to $.01.
Then you you what happens, sub-penny then the dreaded Q at the end of the ticker!
Sad, if only people would look a little deeper they would see what a massive scam this company really is.
Nothing posted is false - BCSC investigation ongoing, class action lawsuit ongoing, fraud perpetrated by insiders is ongoing, lies are ongoing, hiring fakes CEOs is ongoing.
Oh, and share price prediction by me - 100% accurate! Still haven't been wrong!
This is what is called projection.
Reality - claims by the company of that ACC would bring in 10s of millions in revenue = FALSE
Reality - claims that the Celista project was progressing and licensing was imminent = FALSE
Reality - claims that US operations in Washington/California would bring FCF to the company coffers = FALSE
Just like almost all the claims made by insiders and company officials - false and outright lies!
Where's the response to me clearing up the financials confusion for you?
Now that you've been proven WRONG, AGAIN, what say you about the fact that they are still in default, CANNOT cure because they HAVE no money or assets, and can't get anyone to lend them more money?
Ownership of ACC makes little difference here as the "acquisition" was of nothing more than multiple shell corporations. None of what Howard Misle had was valuable, it was only "acquired" for the purpose of pumping the stock. That's it, nothing more.
Furthermore, notice how you have heard nothing about Celista and the rest of their "Canadian" operations. Why? Because that pump no longer holds any value.
Now that it has been established Celista project is going nowhere, Nevada has nothing more than a tiny facility and a wholesale license, and they can't unload the Cali dispensary for 1/2 of what was paid, this fraud is effectively worth $0.
Weird that you have failed to respond to the FACTS I provided regarding the financials, which of course, were entirely accurate!
But hey, I'm batting 1000% while those who have failed to recognize the reality of this fraud are now down 99.99999999% post split.
NOPE, wrong again! It's very very sad at this point.
Note 10, 13 and 18 in the financial statements will clear up the confusion for you! Two totally separate notes!
BZZZZ, WRONG AGAIN! Two totally different notes!
Lynden property note (page 18, note 10) - the company is in default of its repayment obligation under the promissory note. (see Note 18(c))
Note 18(C) - Notice of Default!!! Maybe read up a little?!
The convertible debenture amended you are referring to is listed under Note 13(b)(ii), which is an entirely different debt! LMAO, keep telling yourself the lies and remember, the more you repeat them the truer they become! LMAO
Reality is tough...
Yup! Disaster is an understatement.
Anyone notice another 1.1M shares were issued to "consultants" for services related to the defunct Celista project? Insiders who created this scam are still being compensated!
More fun...biological inventory yield is expected to drop a whopping 25% this Q, which means they are growing less as they are selling less!!!! LMAO, the scam continues!