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I actually take my original no dilution statement back. I am going to have to agree that the company has been selling shares. They need that money to close on the Florida MMJ license deal, which IMO should close any day now.
Is this the note you are talking about?
“On August 30, 2018, GGB raised gross proceeds of $49,192,000 through a brokered and non-brokered private placement offering of unsecured 12% convertible debentures (the “Debentures”) at a price of CAD$1,000 per Debenture. Each Debenture unit entitles the holder to 1 common share and 1/2 warrant with an exercise price of CAD $1.80 per share (post share consolidation) for a period of two years from the closing date. Each Debenture would automatically convert on the closing of the Business Combination in exchange for common shares of the Company.”
“GGBXF: NetworkNewsWire (NNW) will receive $15,000 for 30 days of NNW Core Solutions from a 3rd Party on behalf of GGBXF for Brand Awareness Distribution (BAD), Corporate Communications, News & Editorial Syndication, Press Release Enhancement and Social Media Solutions provided by NNW and Investor Brand Network (IBN). Please read entire NNW Disclaimer for FULL Compensation Disclosures.
”
Not sure I would consider this a pump and dump as much as a PR campaign for brand awareness. Yesterday release didn’t exactly bring in a bunch of volume. I’ll have to check the other releases, but $15,000 is far from $180,000 you claim they spent.
Yeah, I guess that is why almost every MJ stock chart is following the same pattern. The whole sector must be down due to GGB notes being converted. Good call. lol.
Yes, If they are dumping, like you say, than I rather them dump at these levels or lower, especially since I am a accumulating and have no plans to sell anytime soon.
As I long, I would rather a thousand people hold shares at $2 than one large stockholder, who according to you is desperate to get out, hold 20 million shares at $1.30.
The problem with online is merchant services. PayPal for example will freeze your account if they find out you are selling CBD oil. Same with Stripe, Shopify and their partners. They probably won’t suspend your account if you are selling small volumes, but if you are sales are significant they will suspend your account and freeze the money on it.
I personally would rather buy CBD from a publicly traded company than some website.
They filed a complaint in the Clark County district court yesterday. They want access to the contact info for all non objective shareholders.
I was scanning court site for a complaint against another company and happen to see this one. What’s the story? Are they attempting a takeover of some sort?
Forget, just saw the filings on the top of the page.
If a recession hits, GGB will hardly be the only stock that is affected. I personally rather be in a company near its yearly lows than a stock near or at its all time highs in that scenario.
That isn’t for GGB, it’s for American Eagle outfitters.
I hope these debt holders are selling. I rather them sell the 25 million shares under $2, the dump them a few years from now when the price is much higher. Retail will easily soak up those shares at these levels.
IMO it’s a great buying opportunity. By the end of 2020, this stock will be $6 minimum. I don’t care if it goes down to $1.
yeah, debt holders should definitely sell at a loss. It’s the smart play. Maybe if the company was buying out other companies or hundreds of stores were ordering their product, then it would be smart to hold on to their shares.
Yeah, because they are going to dump shares at a loss. You’re a real bright one. Why don’t you go find out who owns that debenture. I’m pretty sure the owners are in for the long haul and aren’t dumping those shares.
I hope so. I would love to get shares that cheap.
LMAO indeed. I would willing to bet that VALX has been fined for doing exactly what I am accusing them of.
I know it’s hard to believe that MM would actually manipulate stocks. I mean if you go to SEC enforcement page, none have ever been fined for illegally shorting these stocks.
7 million outstanding and more than likely a good portion of those are dead shares in the hands of old officers. This could go .45 in the short term with buying pressure.
I somewhat agree with you on this one. If the state doesn’t appeal and the deal still goes through they would have payed way too much.
Of course just because licensing may be easier to get now, hardly means they won’t still be one of the top players in Fl. It takes hundreds of millions to build out a large facility, distribution center, and open dispensaries.
I guess we will see how this plays out, but I can’t argue with your assessment that they will be overpaying for the license.
I reporting VALX and OTCX to the SEC. I know there is about 1% chance anything comes of it, but this manipulation by these two MM is obvious. I have weeks screen shots where it so them with Identical Bids and Asks. They are playing both sides driving the price down. They got screwed when GGB’s CEO went on Mad Money and the volume skyrocketed.
Actually MM will be flagged at the end of the day if they don’t cover today. Today will be the fifth consecutive day they will not meet Reg-who requirements.
These MM are about to be screwed. They have now been on the reg-sho failure to deliver list for three days. After five days they will be flagged and be forced to cover their positions.
https://otce.finra.org/otce/otcThreshold
“GGBXF recently raised $45 million through a private placement of 15% secured convertible debentures with a conversion price of $7 CAD.”
This is a loan from the Shottensteins and I hardly see how these are bad terms when the conversions price is over 300% than what the stock is trading at today. I believe when the deal was made the stock was trading around $3/share. If anything these term are extremely favorable.
Maybe you should research which malls they are opening their stores. They are opening 70 shops in Brookfield Malls. Brookfield’s portfolio of malls are made up of Malls built after 2000 and are higher end malls. Higher end malls are still thriving, it’s the low end older malls that are hurting. Simon Property group also owns some of the nicest and highest quality malls.
Go do some research on what these two companies are doing to their properties. Look into how they are changing the old mall business model.
This data is easily accessible and a savvy investor would know all malls are not created equal. Of course maybe you live in some podunk town with an outdated mall.
Again you assume the whole business depends on malls, it doesn’t. As an investor I also am far more confident in the experts running this company the some anonymous poster on IHUb. The Moxie transaction alone enables them to become wholesale distributors and gives them 250 non mall dispensaries as customers.
I do agree with you that they will never grow an once of weed in that Florida nursery. I expect they have plans to buy another facility already set up so they can start growing ASAP. Time will tell where this goes.
I don’t own here but I can’t imagine anyone subscribing to this offering after reading it. The first few pages basically state if you invest you are going to immediately be diluted and with the extremely low volume you won’t be able to sell your shares.
This guy bashes every stock. The mall issue is irrelevant. Look at his post history. If they weren’t opening in malls he would find some other reason to bash it. He also believes CBD is snake oil.
Manipulating MM VALX and OTCX have pulled their bids and asks. They may be in a bit of trouble if they were shorting this stock. It will be interesting to see Reg-Sho short data tomorrow.
CEO was on Mad Money last night.
This is just the beginning. Huge things are coming IMO.
Their plans aren’t a secret. They have talked about them through PR’s and conference calls, but I learned their plans before they ever became a publicly traded company. I had no inside information on the reverse merger or the ticker they were reverse merging through.
Great news. Quarter ends on June 30th, hopefully this order will be reflected in their next financial report.
“why would they care about the share price? Stanley and Victoria Harris were made instant millionaires. ”
Where did I say that these people cared about the share price? The executives at GGB and the Shottensteins care about the share price. That is all that matters.
There are literally thousands of products that claim some sort of unproven health benefits. The CBD industry is expected to grow exponentially in the coming years.
https://www.prnewswire.com/news-releases/cbd-market-growth-larger-than-expected-multi-billion-dollar-industry-300853698.html
A friend put that deal together and has a lobbying contract with them so I am well aware of what their business plan is and I can say without a doubt you have no idea what you are talking about.
They sell real CBD oil in states where Marijuana is illegal. They sell hemp derived CBD oil in the states where MJ isn’t legal. They also hold numerous MJ licenses in NV, FL, and MA where they cultivate, distribute, and sel recreational and medical MJ.
I am as baffled as you are. Really the only thing I can think of is there are not enough eyes on it. Look at this board, there is basically three or four people posting on it. Aurora’s board has at least a dozen post a day. Aurora’s volume today is 6 million, GGB’s is 228k. Maybe trading on the CSE is hurting it. What they need is to go on CNBC.
I agree. The sudden volume definitely points to something happening soon. I’ll definitely buy back in if it dips or if news or filings hit. Good luck man.