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Notice of default:
The Company has been provided with a notice of default on the debt with NPI Debt Fund II secured by a deed of trust in the principal amount US$1.9 million and demand for payment of past due interests, fees and expenses of approximately US$459,000 on or before October 31, 2019 (the “Default Notice”). If the Company fails to remedy the Default Notice, it will be given a notice of foreclosure sale under the deed of trust. (Note 10(a)) The Company has not remedied the default as of the date of these Interim financial Statements.
Yikes, looks like the scam artists still haven't resolved the Default Notice. Enjoy that foreclosure hearing!
Proof from the new CEO? All the proof anyone needs is provided in filings, the BCSC investigation and the lawsuit.
Company is a sham, scam, and a fraud. That simple.
LMAO, better than being down 99.99999% homie.
BWHAHAHAHAHAHA, 900 in buy volume and over 70,000 in sell volume with that WHOPPING $22 buy end of day to paint it green.
Keep you eyes peeled for that class action...$0.00000000000000000000000000000000000000000000000000001
Oops, I was right, again, another 52-week low!!!!! Congratulations guys!
LOOOOOOOOOOOOOOOOOOOOOOOOOL, BWHAHAHHAHAHAHAHA
LMAO, hilarious.
You've literally based EVERY claim on assumptions that have never come to fruition. Sorry, it's called projection.
Enjoy the ride to $.0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
LMAO, literally LOL.
Lies...something this company and all the fake executives that have pillaged shareholders know about. Maybe that's the key, a company that sells lies, these guys would be great at it!
$0.00000000000000000000000000000000001 is what your investment is currently worth. LMAO, let's meet up for a beer in Vegas at the Love's next to the grow facility when it is shut down. We'll pour out some licka too!
Me being right has already been established many many times over now.
Another 52-week low will occur today. It will be explained away as if this company is just caught up in a sector that is currently bearish. While the sector may have had its knocks, many good MJ companies are making 10s of millions each quarter and have done it in a relatively short time frame.
Marpharm/Liht/Citation has been around for 4 years, spent 10s of millions, and has accomplished nearly nothing, certainly not generating FCF.
Canada - failed (with multiple shell corporation acquisitions costing MILLIONS)
US - all operations have failed except one small, tiny tiny tiny, mini facility next to a Love's gas station and RV storage.
US - ACC group scam last less than a year, which I called of course!
In short, this scam will be shuttered and bankrupt well before any of the "longs" know what hits them. Count on it.
Oh boy! more rubbish theories!
Your stock is full of fraud so yeah, there's that.
Anywho, your "facts" are not factual at all, in fact, you're "facts" are nothing more than speculative fantasies that will never amount to anything positive for the company.
Enjoy the ride to...you know...ZERO!
BWHAHAHAHHAHAHA,if there was ever a stock that was worth $00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000, it would be CGOTF!
LMAO, it took 5 minutes to go through the financials, but I wouldn't expect anyone here to actually read them.
Anywho, this will break $.10 again and crash hard to $.01 once the lawsuit is filed.
Company is literally worth $0...enjoy.
Lmao, of course, it's nothing but short sellers!
Wow, whopping increase in $300,000 in sales. Sadly, lol, the cost of sales increased an incredible 80% over last Q, additional $600,000!
With $364,000 left in the coffers, I think we all know where this is headed after the lawsuit is filed.
Company isn't worth more than $.0001 right now.
No, just six months actually, and I've been right ever single time!
LMAO still using the old "it's the short sellers" fault excuse?!
Shareholders will likely not get anything, but that isn't going to stop the company from being involved in the class action.
Plaintiff attorneys are looking to file shortly after a few more pieces of evidence are collected.
Once the lawsuit is filed, I expect a swift ride down to $0.
Only way the company survives is with successful sale of Seventh Sense, Nevada court decision challenging licensing in their favor, and S.Ct. decision upholding vertical model in Florida.
Those three things have to happen, otherwise this thing is done.
Yup, scams will never get financing again as even the toxic lenders know there is no liquidity in the market now.
Sorry, but once the Q is filed late, you'll know the end is near...
0 shares, but convince yourself otherwise to feel better about 95% losses.
Big difference between big names and this scam is they can get financing.
Has anyone seen a PR announcing funding to keep this scam alive? Nope! Reason is simple, even toxic lenders know there is not much time left before bankruptcy is filed, especially after the class action is officially certified. What happens then? EVERYONE SELLS.
Enjoy the ride to $.0001
I wouldn't touch this thing with money from the Catholic Church.
Sucks, but imagine when you're down 99.999999% and the stock is at .0001, you'll wish you sold at $.12
LMAO, down 95%.
$1 is now worth $.05, think about that, a nickle. Your investment has nearly vanished into thin air, except that it is actually in the pockets of Rahim, Linda, Cory and the rest of the frauds associated with this company.
You headed to Canada for the "meeting"?
Have you noticed longs have been wrong for twelve months now?
Sorry, but there is nothing wrong with being honest about a company that has fleeced shareholders since inception.
Easy $100,000,000 which netted them a whopping $11M revenue, during HOLIDAY season no less.
These guys will go down as one of the biggest frauds in MJ history.
Finally someone with common sense. You take old retail dinosaurs who failed to foresee the demise of brick and mortar retail, put them in an hyper competitive industry they know NOTHING about, institute a business plan based on the failed 1980/90s business model, and you get what we have here. A company created solely for the enrichment of a few insiders at the expense of shareholders.
It's tried and true OTC. Anyone who read Ohio filings and noticed Barry Honig was associated with Schottenstein knew this was coming. Sad but true.
It's likely very little compared to the capital used for the expansion. It was never going to work with the number of competitors in the space.
What is really disturbing is that the company will be selling it to insiders for a significant discount, essentially gifting themselves a company on the shareholder dime.
I will say, Dia Simms is pretty darn impressive. Read a Marie Claire interview from back in October. She's sharp and incredibly driven.
Schottenstein got "concessions" in consideration of the modified debenture agreements, which, instead of 10-12,000,000 shares added to the OS, there will be an additional 60,000,000 added. You want to talk about screwing shareholders! But once again, this was all predicted by me! Cheers!
In addition, the interest rate payable on each Backstop Debenture will be reduced to 5.00%. Accrued interest under the Backstop Debentures may be paid, at the option of the Company, either: (i) in cash; or (ii) through the issuance by the Company of additional debentures on the New Maturity Date with a principal amount equal to such interest amount payable, all on the New Maturity Date. 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"). The conversion price per PV Share will be reduced to the Revised Common Share Conversion Price multiplied by 500 (five hundred). A holder of PV Shares may at any time have the option to convert 1 (one) PV Share held into 500 (five hundred) Common Shares. The Debenture Amendments are subject to the requisite approval of the CSE.
Another massive quarterly loss and a pre-bankruptcy "stalking horse" agreement.
What's not to like! Done.
LMAO, just as suspected, company is floating on a dingy that looks like a piece of swiss cheese.
Sinking to the bottom rapidly, as predicted.
Less than six weeks until Cuomo pushes legalization through budget process in New York. Once that domino falls, rest of east coast is going to follow.
What party? Gonna have a bankruptcy party?
Financials will show zero cash, flat revenue, and the lies that bringing ACC group on was going to be a $100M infusion of revenue (of course anybody with a functioning brain knew it was a lie).
Enjoy the ride to $0 folks, lawsuit is gonna be final nail in the coffin.
BWHAHAHAHAHAHAHA, 100,000 share dump on the bid.
Shocker this scam can't keep a gain, everyone and their brother knows it's a huge share selling scam.
LMAO, you know why they are having it Canada now!
What's even funnier is that the disappointment is related to the meeting location and not the 95% losses. Hilarious!
LMAO, cream of the crop?
Let's see, American Eagle, DSW, Victoria's Secret are all dying retail brands...that were run by the dinosaurs that now run a company in an industry they clearly don't understand.
BWHAHAHAHAHA, cream of the crop...can't make this stuff up.
Maybe you should read the Form 9...
Form 9 dated 8/16/19, page 3.
Total amount of funds to be raised:
Upon issuances in certain circumstances, an aggregate principal
amount of up to US$77,325,000 (C$102,796,241) will be raised.
2. Provide full details of the use of the proceeds. The disclosure should be
sufficiently complete to enable a reader to appreciate the significance of the
transaction without reference to any other material:
The proceeds of the proposed issuances will be used as follows:
a) Up to US$52,325,000 if the Issuer is in the event that the Company’s
existing secured convertible debt cannot be extended or refinanced
prior to the maturity date thereof; and
b) Up to US$25,000,000 in the event the Issuer requires capital to fund
operations during the term of the Debentures.
Doh!
BWHAHAHAHAHAHHAHAHA...LMAO...ROTFLMAO
$25,000,000 was for G&A, which has already been sucked dry over the course of 5 months.
The additional $52,000,000 was specifically earmarked for the payment of a $50,000,000+ convertible note which was coming due. They've still not stated whether the note was renegotiated.
WROOOOOOOOOOOOOOOOOOOOOOOONG ALMOST ALL SELLS YESTERDAY AND ONE DUMP ON THE GAP UP BID TODAY.