CAVEAT EMPTOR, the new JBII NASDAQ,
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Really? Actually the crucial thing to do is talk to someone who actually understands financial statements and get them to review the SGA opposed to the company position over the past few years. Then ask them if it looks like a money laundering scam cause it sure does to anyone with more than three braincells. I would bet a forensic audit would result in criminal prosecution.
Actually it is a few scammers and a bankrupt company. Anyone who thinks they are going to have acres of hemp has not actually read and understood anything about the company.
Or one could take into account the massive discounts that converting CD holders get at realize that until they cannot dump again the price will be destroyed.
No, actually it is a 100% fact that the company does not sell shares into the secondary market. This kind of thing has nothing to do with a point of view. It is something that anyone who has even a very basic understanding of the stock market would know to be a true.
They did not. Anyone saying the company is buying shares has absolutely no clue in regards to regulations or the company.
It is exactly what I told folks here the other day. People with more than half a clue about these frauds would realize that once the 10Q was filed toxic CD holders can dump again, and of course they did.
Obviously I do kiddo. You may want to catch up and get a clue....
That is profoundly naive considering the Wells notice. Do you even understand what a wells notice is?
Oh yeah for those who blindly believe in this POS and are not too smart. Now that NGBL is current with the SEC those folks holding debt which is 6-12 months old can now convert and dump due to the company being compliant. They will again soon fall back though as the next 10Q is due really soon I believe. Like a couple weeks?
"A complaint was filed by Whole Hemp Company, LLC d/b/a Folium Biosciences (“Whole Hemp”) on June 1, 2016, naming Notis Global, Inc. and EWSD I, LLC (collectively, “Notis”), as defendants in Pueblo County, CO district court. The complaint alleges five causes of action against Notis: misappropriation of trade secrets, civil theft, intentional interference with prospective business advantage, civil conspiracy, and breach of contract. All claims concern contracts between Whole Hemp and Notis for the Farming Agreement and the Distributor Agreement. "
What did Whole hemp expect when they got in bed with a scam?
"In March 2016, the staff of the Los Angeles Regional Office of the U.S. Securities and Exchange Commission advised counsel for the Company in a telephone conversation, followed by a written “Wells” notice, that it is has made a preliminary determination to recommend that the Commission file an enforcement action against the Company in connection with misstatements by prior management in the Company’s financial statements for 2012, 2013 and the first three quarters of 2014."
Any day now.......
Goh is straight killing it in finances.
If you consider sending the stock price down 95% and not EVEN FILING financial statements killing it you are right.
That was under old management. Out with the old in with the new.
So? That has zero matter. As well some civil suit that you are quoting has absolutely nothing to do with the SEC/DOJ
HAHAH, that is a funny story. The common tripe of penny stock scams....
Why in the world would you think that means anything?
That is not how it works in the real world.
You may want to do some research into this company instead of relying on fantasy. For one take a look at all the toxic debt and do a bit of math perhaps?
When this fraud started there was next to no float so manipulation was easy. This stock now has toxic CDs with every Tom, Dick and Harry amounting to 10s if not hundreds of billions of shares. If you think a basically bankrupt penny stock scam can achieve a trillion dollar market cap it then maybe.
Why tie up that much money for this long if one was shorting the stock?
Very few believe it, only the mentally challenged would stick with that nonsense. Even a highscool student could do the math and see how completely false the collunding entities BS is.
I don't think you understand the position of this company. They are essentially bankrupt right now. They have no significant source of revenue, no cash, enough toxic debt to make for two reverse splits, their assets have been assigned, they have to pay lawyers to defend at least against the SEC (likely other suits ongoing as well) and no chance of any real revenue for almost a year.
It does not matter in the slightest as the company is liable. Really simple stuff.....
I wonder when a CD holder is going to sue over the lack of filing? Can't be too far off if it has not happened already.
They filed multiple fraudulent financial statements with the SEC (they ended up restating the restated restatements of the fins) Just the lawyer's cost, much less the actual fines are more than enough to bankrupt the company.
What they have up their sleeves is the huge profits they know they are going to make with the contracts they already have in place.
So how are they going to profit selling something at below market rates which they do not even have? You do realize this company has nothing to actually fufill those touted contracts with don't you?
Check the recent filings
There are no recent filings because they cannot afford to pay to have the 10Q done.
Obviously you don't as he is not knocking out the debt. You see when you have to pay more it means the debt has increased. The debt will continue to increase till the management can't suck anymore money out of the scam for themselves and then they will shut it down. Which is not too fat off now as they cannot even pay the accountants to file with the SEC.
He has turned NGBL around
If you mean given a 95% loss to anyone who bought in he has. Most folks are smart enough to see the stock for what it is though (a blatant fraud and insider enrichment scam)
Sorry but that is a fantasy made up by criminals and crackpots. In the real world market makers don't trade directionally and hold positions. They get fired for doing stuff like that.
You mean a few thousand dollars in legal shorts an Increase of
6,646 % this week and how many naked shorts do you think there are?
Once again having a basic grasp of the market would help a lot. The short numbers are only put out every two weeks so that amount was a while ago like Sep 15th.
One can see if there are significant fails (naked shorts) quite easily and guess what? The stock is not flagged so there are not.
Now lets take some grade school math and common sense. The % of change means nothing when it goes from near zero to not much more than zero. People who are interested in short interest % and are actually more than an idiot would look at the short interest as a percentage of the float as that is an actual metric with some meaning.
Thanks for proving my point. There are a few hundred dollars in shorts according to that.
These shorts are in trouble and they know it.
Nobody is short, the margin requirements under Reg T make shorting low penny stock uneconomical due to the 2.50/share in margin requirement. I would suggest you brush up on basic market fundamentals.
incorrect ngbl only has 10 billion
Anyone who actually reads the financials can see that the fully diluted is 10s to hundreds of billions of shares. It really is not all that hard to do......
Wrong again the date is provided and par value is .001 not .0001
Wrong about what? The numbers are outdated, they are from months and months ago and because the company is essentially bankrupt and cannot pay for their last financial statements we have no recent numbers. Who cares about the par value it is 100% meaningless to shareholders. Do you even know what it is?
Those numbers are worthless as they are so out of date they have zero to do with reality. Even the authorized number is useless as the company has 100% breached it and at this point is required to either do a reverse split or up the authorized to a 100 billion+
The only way to find the outstanding is to dig through filings and find one from months ago. Once in a while it is disclosed. There was massive dumping more recently so it will be way, way off though.
The TA is gagged, fully diluted the share count is around 100 billion.
Jeff Goh is the new sheriff and he's doing very well
Your understanding of the company is sorely lacking as the company has completely collapsed. Please tell us how having ~100 billion shares fully diluted and not enough money to file with the SEC is "doing very well"
A forensic audit of PTOI, specifically the SG&A would likely result in criminal charges.
You need to re-read looks good
Ahhh, I don't think you actually understand what the 8K is about.
Not really, because soon enough the suit will be filed. When it is the company has zero money to pay lawyers to deal with it. So it will be a very big problem for them.
I find it disingenuous that some call Heddle "dishonest" as I do not see how that term applies.
Well you see only sleazy penny stock scammers would hide the information that the processors were broken down and the company shuttered for 6 months. Meanwhile those in the know dumped their shares. In the real world a CEO would be fired and sued into oblivion for being such a dishonest shithead.