CAVEAT EMPTOR, the new JBII NASDAQ,
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He is not in the slightest. It is just BS to convince suckers to buy into this fraud.
he has a great track record
Do you realize the stock is down >99% and all the business ideas have failed (dispensary, vapes, medboxes) since he took over? This stock was started as a fraud and is now an ATM for the second set of management. nothing more and nothing less. It is all there in black and white in the SEC filings.
Only a complete and utter moron would not pay attention to the debt filings. That is how folks ended up with massive losses from 200$-->.0003
be warren buffet and buy the blood
Buffet invests on fundamentals, of which there are no good ones here. Besides that he would never touch a penny stock much less an obvious penny stock scam.
The Chicago ventures(or whatever their name is) note is nearly at 6 months now and is for a million dollars or so. Why don't you impress us with your math skills and figure out what 1 million dollars at a 40% discount works out to in shares? What will that do to the share price?
The answer to that is very simple, stupidity.
Do you realize that futures are down 800 points right now?
So the company lied in their last filing? There more than 7.2 billion now as the high volume days were after the last O/S disclosure.
Whatever else he did or didn't do will not affect Heddle from selling processors
Nothing will as a processor will never be sold. In case you have not noticed the company has been shutdown for 3-4 years now.
So what exactly does a chart have to do with the company fundamentals that you tout?
You may want to try reading and understanding the SEC filings.
Gotta be a fool to sell shares here unless it is tanking
uhh, the toxic debt 100% assures the stock will go to zero. Anyone who invests in this stock deserves to lose every single penny as it could not be any clearer that this fraud is worthless.
Long gone, same with the vaporizers and dispensaries. They have never had an intention to run a real business so everything they have done has been a complete failure.
That quote comes directly from the 10Q and you say it is wrong. LOL
Except they actually increased this year. Which is the exact opposite of what you claim.
Employee costs and bonuses increased by approximately $209,000 for the six months ended June 30, 2016 as compared to the same period in 2016. During 2016, there was an increase of approximately $263,000 in salaries, primarily due to the addition of our Chief Operating Officer and Vice President of Operations. This salary increase was offset by bonuses of approximately $53,000 in the three months ended June 30, 2015, while there were no cash bonuses for the same period in 2016.
Dick hed and Captain Mike need to get on it instead of spending their days poking porpoises, seducing seals and wanking walruses.
http://www.cbc.ca/radio/thecurrent/the-current-for-october-31-2016-1.3826159/oceans-absolutely-choked-by-plastic-bottles-and-microplastic-fibres-1.3826476
Yes the race to zero has continued. Everyone is so excited despite the company's death spiral accelerating.
look at the latest 8k read it and weep
If I owned shares in the company I sure as hell would. The agreements 100% assure the company failure. Even a complete fool can figure out that borrowing money at ~100% interest is as desperate as it gets. Even payday loan places don't charge that.
"The New Notes accrue interest at a rate of 5% per annum and are issued at a 40% discount to purchase price."
He brought this company back from the Brink.
You may want to read the filings, he has sunk the stock 99% and destroyed all the businesses this scam has bought. He is not new, he has been running this scam for years now and has put a small fortune in his pocket for destroying the company.
So how about the other lenders? Do you even read the filings? I suspect not.
If you actually read the filings you would see that huge chunks of revenue are promised away. Not net income, revenue which 100% means more toxic debt just to pay management. Seriously, do you even read the company filings?
My theory is that these investors know more than we do, why? Because they are investing big money, large sums of money
You are kidding, right? The financing is for toxic debt which is dumped immediately. The people who are buying it are not investors , they don't even care what the company does. They just want to be assured they can dump highly discounted shares with as little risk as possible. The company has gotten so desperate and hard up that they have encumbered all the revenues and assets. Basically shareholders have nothing the debt holders will own everything in not too long.
They have the financing in place,
Except they do not. They don't have any money. Every penny they get is gone already. You do realize that your "great CEO" has sent the stock price down 99% and destroyed every single business the company has had including vending machines, vaporizers, pot stores and growing hemp. EVERY single thing they have done has been a complete and utter failure. Yet management takes hundreds of thousands of dollars home....
Pg 49 10Q
"We are actively seeking additional financing over the next few months to fund operations"
"One of the Company’s significant creditors has issued a Notice of Default to the Company, triggering penalties and the potential acceleration of amounts
due under the defaulted Note.
On September 22, 2016, the Company received notice of an Event of Default and Acceleration (the “Notice Letter”) in connection with that certain Promissory
The Company was delayed in filing this Quarterly Report on Form 10-Q and such delays may have triggered other events of default under the
Company’s credit agreements and existing debt instruments
The Company’s creditors may issue other notices of default and the Company may incur other penalties due to breach of covenants in the Company’s debt
First Investor Letter Agreement
Pursuant to the letter agreement with the First Investor (the “First Investor Letter Agreement”), the First Investor agreed to waive, until October 31, 2016, any
defaults relating to the requirement to reserve shares of common stock in excess
On September 22, 2016, Notis Global, Inc. received notice of an Event of Default and Acceleration (the “ Notice Letter ”) in connection with the promissory note
(the "Note"), dated March 14, 2016,
Second Investor Letter Agreement
Pursuant to the letter agreement with the Second Investor (the “Second Investor Letter Agreement”), the Second Investor (on behalf of itself and its affiliates) also
agreed to waive, until October 31, 2016, any defaults relating to the requirement to reserve shares of common stock
As a result of the effect of the Notice Letter, other of the Company’s lenders could issue similar notices of events of default or acceleration or penalties due to the
Company’s Event of Default set forth in the Notice Letter.
I don't think you understand how this works. There are several note holders that together account for 10s of billions of shares. They know the stock is going to zero and actually understand managing risk so they do not hold onto worthless stock in the chance they could get a few more dollars.
Play fair? They get shares at a 40-50% discount they don't care about penny stock losers in the secondary market.
Appears to me dilution is coming to an end,
Uhmm, they have defaulted on one note and another huge one is coming up on 6 months so it is likely ~1 million dollars worth of ~50% discount shares will be dumped. There will be no end to dilution as they have extremely toxic notes with many sleazy financiers.
The float is many billions not 13 million.
This one is nearly 80% interest as the amount is nearly doubled before interest is even tacked on. Guess what convertible means? You may want to figure that out because ALL THE NOTES ARE CONVERTIBLE and MOST OF THE FINANCING IS OLD AND HAS ALREADY BEEN SPENT.
"The New Notes accrue interest at a rate of 5% per annum and are issued at a 40% discount to purchase price. Therefore, if each of the seven tranches described below are fully funded, the Company would receive cash in the aggregate of $1,983,599 in exchange for the issuance of New Notes with a face value of $3,349,599"
"The Company and the Subsidiaries also entered into an Exchange Agreement with Redwood, pursuant to which Redwood agreed to exchange each of the Company’s outstanding debentures issued in favor of Redwood (in the principal outstanding balance amount of approximately $5,882,242 (plus accrued interest) (the “ Original Redwood Debentures ”) for certain 10% Convertible Debentures issued by the Subsidiaries, due June 30, 2017, on substantially the same terms as the Redwood Debentures (the “ Subsidiary Debentures ”).
They had to give away the 20% to convince someone to continue to give them toxic debt. It is an incredibly bad sign for a company when you cannot even get deep discount toxic debt on its own.
The authorized means nothing other than they will have to raise it or do a a reverse split.
Hold on to that dream while it is smashed to pieces. If there is one thing that will not happen that is it.
this will give give NG enough so that no reverse split will be coming.
Every single penny the company takes means more shares at a massive discount are dumped into the secondary market. It is the EXACT opposite of what you suppose.
LOL, Magic Farms is an LLC set up by Redwood capital like a month ago or so (Colorado reg with Gary Rogers and Redwoods address).
So how exactly are they going to manage to sell 2 million dollars worth of shares at ~50% discount to market? The only thing that does is 100% prove that a minimum of 2 reverse splits are 100% certain.
Sigh...... The daily short numbers are not in any way and indication of a short interest. In those numbers almost every long buy is marked as short due to when a market maker matches a trade they sell to the buyer first, then buy from the seller. Because the first leg of the trade is a short sell it is marked short in those numbers. Of course nobody has a short position other than the market maker for a minute as the trade is completed. This is really basic stuff I would suggest you get a grasp of what you are doing.
they've also secured financing for the next year.
Nonsense, they announced a 50K deal which will not even pay the salary of the CEO. They need millions of dollars to survive the next year. All they have is the stock to sell which is already so bloated there could easily be two reverse splits just on the debt currently out.
On one of those expose the bashers sites I ratted myself out with the contact info going to an SEC official LOL
Congrats on getting smoked today.
Actually by this time next year the company assets will be long gone. The assets are encumbered and will be pushed over and NGBL will just be a ticker and empty shell. If you read the filings this would be quite apparent. They have laid it out quite plainly.
May bounce again when the company fails to file their 10Q that is due in a few days. Problem is there are all sorts of bagholders that fell for the lies about how this is an actual company and not a completely blatant fraud. Those folks alongside the current dilution will hold back another move up.
so whos buying 3 billion shares?
Well considering there have been people who have bought this fraud from $200 down to .000X there are lots of people with money who are too dumb to understand a financial statement and obvious fraud.