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You can mention another company as long as you are not promoting, we are just drawing comparisons. One company is GrowBlox and yes the other company is Terra. I agree if you got in low enough this has the potential to be a life changer.
I have been following the sector closely since we got our licenses. Players Network never had their huge pop and momentum run as so many other MMJ stocks have had. We are 1 of only 3 fully reporting publicly traded stocks allowed to touch the flower (buds, plant) with our nearest peer trading at almost .40 right now.
When we get our Certificate of Occupancy and we PR everything else going on I think we will settle over a nickel in the short term maybe a dime.
As for changing the name I understand and maybe even agree but they have been a fully reporting publicly traded company for 20 years, never with a name change or a split. Not sure if that is going to happen.
Now do you mean brands or strains? They are different. I think the company is going to create their own brands. They have 2 growers who have different strains they like to grow. Some are proprietary some are common. So until they get a dispensary they don't promote a brand as much as create it. I think.
As I understand the law legal possession goes into effect Jan 1. They haven't set an exact date when retail dispensary opens. They have until Jan 2018. I am betting by July 4th weekend. Here's an article from LVRJ from yesterday.
http://www.reviewjournal.com/news/politics-and-government/nevada/question-2-passage-means-new-marijuana-law-will-take-effect-jan
They were talking about a year to get all the legaleese in place but speaking to friends who live there and Mark everyone is thinking 6 months. If I were a betting man, and obviously I am, I'd say July 4th weekend. Freedom baby.
We're close to the inspection. The most important piece happened, Yes on 2.
Here's a fun website for tomorrow. It tracks the results of all the votes in NV as they come in. The link should take you to the results page. GLTA!
http://silverstateelection.com/ballot-questions/
Here's a fun website for tomorrow. It tracks the results of all the votes in NV as they come in. The link should take you to the results page.
http://silverstateelection.com/ballot-questions/
I know regardless of the vote the investment money coming into the company will not change. We won't nearly generate the same revs obviously hense a slower appreciation but they will survive. The following year it should pass. As for the law suit I am not an accountant but i think it goes on the balance sheets and we are 20 million more valuable.
I love it! We need the Mexicans on our side!!
Seriously, who do you think is doing the manipulation? A few individuals manipulating the price to accumulate shares, actual shorting of the stock, the Russians?
So who do you think is doing the manipulation?
Agreed. We need to turn over maybe another 10mm shares or so, get our Certificate of Occupancy and we get our next leg up. I'm hoping we get some pics of the project in process. I think investors are waiting to see us up and running. We have a winning lotto ticket we just don't know how much it is worth yet.
$65 mm is 2 years away when we are at full capacity but we will be up producing and cultivating by November, assuming we get our COO. The revenue produced will fund everything going forward.
And WeedTv is just one of 25 potential lifestyle categories that PNTV plans to tap and market. The potential is there.
I just want for us to receive our COO, get up and running. And for Ballot Question 2 to pass in Nevada. These 2 things happening will propel us to a dime or more.
Agreed. That's why I said they are further along. They have aquired Blum dispenseries not sure if they're cultivating yet. Just drswing a comparison to where we're going. Mark says at full capacity we'll do 65mm yearly.
Also assuming we get one or more of the 110 dispensary licenses coming available when Ballot question 2 passes we should be on par with a one of the only other fully reporting companies allowed to touch the flower, TRTC. They are a little further along in their business, are trading at .50 currently and their share structure is very similar. OS has few less shares but their float 2.5x ours.
Our upside from .02 is gigantic and if people were lucky enough to get shares sub penny it could be a true life changer.
I think the investing public is just starting to find out about us as a cannabis company. When PNTV gets their Certificate of Occupancy and starts producing and cultivating I think we see a major spike in volume.
Actually MCIG has absolutely no ownership in Green Leaf or Players Network. They are strictly a vendor. Green Leaf has private investors who own 16% of the company with Players owning the other 84%.
100% correct, we are the hidden gem of the MJ industry! PNTV has been known and still is a media company. When they created WeedTv.com groups interested in obtaining NV medical licenses started contacting the company.
Mark didn't really like any of the groups that approached him but saw the opportunity and put together a team. They jumped through almost 400 pages of the application process, secured the funding and received a cultivation and production license. They secured a 26k sq ft warehouse with a very friendly landlord.
It's a blessing we didn't get the dispensary license at that time. There are 110 dispensary licenses being allocated for recreational use and only 68 companies allowed to apply for them. We are applying for at least 1 maybe more.
Now we are 1 of only 3 fully reporting publicly traded companies that are allowed to touch the flower. The other company most similar to PNTV in OS and business model is currently trading at .45. I watched them run from .07 to .75 before settling down and running again.
As soon as we get our Certificate of Occupancy to let the world know 100% this is real and Ballot Question 2 passes I don't think we look back.
Les can you sticky the last PR so I can leave the other update up? Thank you. Playoffs?!
Talk about transparency. Looks like Mark has been pretty busy. If any one doesn't believe we are for real here is all the info you need to go do your DD. We get our Cert of Occupancy and Measure 2 passes we will be very happy.
When we get our Cert of Occupancy I think we will be on our way there. A company even closer in share structure, TeraTech, TRTC (349 OS with a 339 float) and business (they have operations in NV and dispensaries in CA) are trading at $.44 and had a run from .08 to .74 before dropping back and rising to here.
The note isn't due for almost 2 years. It can be paid off without conversion or penalty early and I believe if we reach a certain share price they are covered by callable warrants.
We are also about to start cultivation and production in 7000 sq ft of the 26000 sq ft of available space. With the revenue that will be generated starting January, assuming 2 passes, we will be able to fund the entire build out from revs. No more need for debt. I think Mark said at full capacity, which he said is 2 years away, we will be generating $65 million a year.
We shall see. What we say here has no bearing on the success of the company and barely the share price. Time will tell. Not bad from our recent low of .0014 tho.
Financing.
Green Leaf Farms Holdings (GLFH) is our marijuana subsidiary, which holds a special use permit for production and cultivation license(s) granted by the city of North Las Vegas as well as the state of Nevada. GLFH has secured a $2.5 million dollar funding commitment from RxMM Health, a holding company investing in marijuana and medical related companies. The commitment came with an initial payment of $200,000 with the balance available paid out over the next 6 months as well as a line of credit the company can draw down as it requires additional capital. All details on the transaction are available in the company's 8k filing. This is not just a financing deal; it is a true strategic partner that will create many other benefits to be announced after the first of the year.
Their debt is paid off. They have maybe $200k left.
The company is also pleased to announce that it has recently paid off over $260,000 in convertible debt, including a $90,000 note to Tangiers Investment Group, $119,000 to Collier Investment Group, settled a legal dispute with KBM and has entered into a payment plan to retire it final note below the original obligation. There is approximately only $200,000 debt remaining out of almost $3 million that was accrued and paid off over the last 4 years and used to position the company with all the opportunities we have today. The company has an agreement in place to pay off the majority of the debt rather than letting it convert to stock. 200k left in convertible debt.
When Green Leaf Farms/Players Network receives their Certificate of Occupancy and shows the investing community the project is a reality the stock will be valued accordingly. They are in the process of making the warehouse compliable (sp?) to get up and running. 7000 sq ft of grow space and an extraction room which will be producing revs by January.
When ballot question 2 gets passed who knows what happens. We are only 1 of 3 fully reporting companies to be allowed to touch the flowers. We are also 1 of only 68 companies applying for 110 dispensary licenses coming available when it passes. That's almost 2 for every company. Assuming we get at least 1 this will give us the dispensary we didn't get the first time.
If you look at some of the other companies in this space and see their market caps compared to us we have a lot of room to move when valued equally. Nov 8th is a telling day.
Les you should sticky that.
Go Bills!
We traded a lot of stock under .005. I think you are right about building a base here.
I do. Why ask?
I'm not sure. What would that mean to you?
Thank you, I did.
Player's Network CEO Third Quarter Shareholder Update
Company Secures $2.5 Million in Funding, Reduces Its Debt, Begin Construction on Its MME Facilities, Comcast Lawsuit Update and More
LAS VEGAS, NV -- (Marketwired) -- 09/26/16 -- Player's Network, Inc. (OTC PINK: PNTV), a vertically integrated, diversified, fully reporting public company operating two complementary portfolios of Media and Medical Marijuana, announced today a shareholder letter from CEO Mark Bradley.
Dear Shareholder,
Over the last several months Player's Network, through its wholly owned subsidiaries and divisions, has made substantial progress by hitting major milestones in both media and marijuana. We have secured the initial financing for our projects in both industries as well.
Third Quarter Highlights
GLFH secures $2.5 Million in funding
Started phase one built out for Marijuana cultivation
PNTV paid down the majority of outstanding debt
Comcast lawsuit update
Fourth Quarter Outlook
Green Leaf Farms Holdings (GLFH) is our marijuana subsidiary, which holds a special use permit for production and cultivation license(s) granted by the city of North Las Vegas as well as the state of Nevada. GLFH has secured a $2.5 million dollar funding commitment from RxMM Health, a holding company investing in marijuana and medical related companies. The commitment came with an initial payment of $200,000 with the balance available paid out over the next 6 months as well as a line of credit the company can draw down as it requires additional capital. All details on the transaction are available in the company's 8k filing. This is not just a financing deal; it is a true strategic partner that will create many other benefits to be announced after the first of the year.
This financing has enabled GLFH to begin the phase one construction plan for our 26,000 sq. foot building that is scheduled to be completed in the second week of November 2016. The initial phased out plan will be a series of growing modules that will occupy a 7,000 square feet section of our building for the cultivation of a variety of flowers and an area designated for the production of oils and resins. GLFH is positioned to realize revenues by January 2017 initially through the sales of concentrated oils and waxes.
The company is also pleased to announce that it has recently paid off over $260,000 in convertible debt, including a $90,000 note to Tangiers Investment Group, $119,000 to Collier Investment Group, settled a legal dispute with KBM and has entered into a payment plan to retire it final note below the original obligation. There is approximately only $200,000 debt remaining out of almost $3 million that was accrued and paid off over the last 4 years and used to position the company with all the opportunities we have today. The company has an agreement in place to pay off the majority of the debt rather than letting it convert to stock.
In January 2014, PNTV filed a $150 million dollar lawsuit complaint against Comcast Communication for breach of agreement. Earlier this year the discover process was completed and Comcast filed a motion for Summary Judgment. This tacit is an attempt to prevent the case from being heard in a Nevada federal courtroom, prior to the motion Comcast has failed twice with similar motions trying to have the case dismissed. This is the last such motion allowed and we are currently waiting for the federal judge assigned to our case to make a decision regarding the motion. In early August 2016, a mandatory court ordered settlement conference was held to try and resolve the claim. Both parties met and Comcast's legal team demonstrated they had no intentions of settling at this time we assumed that one reason is because no decision has been made on the summary judgment. I am hopeful a decision is made by the end of the year in our favor and a trial date can finally be set which will lead to a negotiated settlement or trial; either one is fine with me because I know we have a strong case.
This November election there is a ballot initiative to legalize recreational use of marijuana in Nevada, which is known as Question 2. The goal of this initiative is to regulate marijuana like alcohol in Nevada. Early polling indicates there is a good chance of this passing and GLFH is assisting with the supporters of the initiative. If Question 2 passes, GLFH will be one of a small group companies that hold licenses to be able to participate in the market. With 52 million visitors that come to Nevada each year, the state is estimated to become the largest recreational market for marijuana in the world!
Our Weed TV platform is nearly completed and being tested internally. We anticipate a beta launch soon as we will raise the necessary funds to properly and effectively deliver it to the market. It has taken a long time to build. But what we have is truly an amazing piece of proprietary technology that will be the engine behind our Marijuana marketing plan for GLFH. We plan to go live with the new network as soon as we have our new management team and marketing plan that is currently being developed.
We appreciate all the support from our shareholders while we have been working hard to develop a business that generates revenues and is cash flow positive. We are currently seeking additional investment capital to further develop our business and fast track our company.
It has been hard work, however, the company is now well positioned for growth, we have little debt, great financial partners, preparing to open our facilities in Las Vegas, and getting close to a resolution on Comcast. This is very exciting for me to see everything come together nearly at the same time. Please expect more regular updates from the Board of Directors and myself.
Sincerely
Mark Bradley
CEO Players Network
About Player's Network: Player's Network is a diversified company with holdings in both Media and Medical Marijuana. The Company uses its proprietary Enterprise Web Platform to develop Branded Digital Lifestyle Television Networks for itself and its partners in a wide range of lifestyle categories. Player's Network's current original channels, "Player's Network," "Vegas on Demand," "Real Vegas TV," focus on the Las Vegas and Gaming Lifestyles. These channels are distributed over PNTV's owned and operated VOD Channels over its Broadband Network and Mobile Platforms. The Medical Marijuana assets are primarily through the Company's 86% ownership in Greenleaf Farms Holdings, and PNTV's newest channel, WeedTV.com, which focuses on the rapidly expanding cannabis community. For more information please visit www.playersnetwork.com.
Statement under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
Media Inquiries:
Lisa Mayo-DeRiso
702-576-2659
Investor Inquiries:
info@PlayersNetwork.com
Mark Bradley
mbradley@playersnetwork.com
Source: Player's Network, Inc.
They are fully reporting and have been their entire exsitense.
Depends on who you ask is my bet. My opinion is a combination of profit takers and the last of the already converted shares yet to be sold.
I am not really good at finding those things. I looked at the 10Q and still can't find it but according to both this site and yahoo financial the OS is 404.88 million but Ihub reports a float of 148 million and yahoo a 391 million float.
I love the base being built in the .005-.007 range. Once there is definitive word they are in production coupled with legalization......
IMO the reason they haven't PRd is they are concentrating on building the company and not just hyping the stock. All good things in all good time.
Thanks again Les. In all my conversations with Mark, like you say, the company has been paying off debt, strategically negotiating with note holders so as not to flood the market and depress the SP. The lack of volume shows that the note holders are not dumping.
People also need to realize that this money is an investment and not a loan. Time is going to tell. Oh, and I'm in Monterey, let's watch opening day have a bloody and talk PNTV. It's Ed Reeds birthday and he's never lost a game on his birthday!
Thank You Les for adding clarity to the 8k. Sounds like the only way the investors make money is if Green leaf and Players does. Future is very bright.
Go Bills!
It looks like they are investing at .05 and .06. The stock is currently at .003 how is this not favorable.