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http://norml.org/laws/item/north-carolina-penalties-2?category_id=877
As a resident of NC, I'd hardly say they have decriminalized it. I mean I guess it's illegal in the same way that it's illegal to run a red light but you get a day in front of a judge. First offense is a misdemeanor but repeated minor offenses do eventually add up to a felony charge.
"If a person has a previous controlled substance violation and commits a Class 1 misdemeanor, he will be punished as a Class I felon. If a person has a previous controlled substance violation and commits a Class 2 misdemeanor, he will be guilty of a Class 1 misdemeanor. If a person has a previous controlled substance violation and commits an offense that requires any sentence of imprisonment be suspended, he is guilty of Class 2 misdemeanor."
Perhaps I'm just misunderstanding your initial statement then. HSCC announced a year ago that they were expanding into the MJ sector. So any shareholders from last Feb would have already known about it. However, they JUST announced they had created a division to address the needs of the MJ industry...
So either they have been secretly doing it all this time to hide the need to disclose that to the federal government, since they seem to have multiple government contracts, or they just started...a year after they put shareholders on the hook that it was coming.
They are going to withhold from existing stockholders for 3 years that they actually have clients... Or to look at it another way. They hid for 3 years that their revenue was coming from illegal sources... not sure which is worse but neither make much sense.
Nope. It's practically blank.
www.linkedin.com/pub/greg-martenson/10/135/2b5
Name: Greg Martenson - COO at Science Care
Background: Experience - COO Science Care
Following: Science Care
-- End of Linkedin profile --
No one can argue that. Making money every week too. I just have every intention of taking my winnings here and putting them into real companies with any chance in hell of having an impact on the market as they emerge
Sadly, no. They use a confusing and convoluted program known as REBATES whereby you buy something for more money than it actually costs and then you ask them to give you some of that money back by filling out a form and mailing it to a building where they process your request. It is a far more complex and advanced scam than many of these companies are able to pull off...Mostly because it requires an address to mail things to and employees to process them....
I think he was referring to Home Depot lol
No, Greg is the only person listed as being associated with the company...and it's business address is his house...
http://corporatedir.com/us/company/l12748629-organic-growth-international-llc
http://companies.findthecompany.com/l/27351875/Organic-Growth-International-Llc-in-Glendale-AZ
http://www.trulia.com/property/3125377507-6914-W-Tonto-Dr-Glendale-AZ-85308
Sorry to burst your bubble but the husband and wife team over at VLNX already have the pending order with Japan to use their arc plasma devices to clean up the Fukiushima spill...as soon as they officially acknowledge there was one. As soon as the PR announcing that deal went through comes around, that stock is going to POP!
Gotcha
Could you please clarify this concern for me? Is this the same Greg Mortensen that is now the only listed employee of OGI?
http://www.nytimes.com/2011/04/21/opinion/21kristof.html?_r=0
http://www.stripes.com/news/report-contractors-were-paid-millions-but-afghan-school-remains-dangerous-unfinished-1.230953
http://companies.findthecompany.com/l/27351875/Organic-Growth-International-Llc-in-Glendale-AZ
I'm pretty sure Triton Distribution is always available...
I'm at a loss, personally... I mean how do you analyze or explain something like this in any rational way.
Market Value: $15,001,785 a/o Feb 07, 2014
Shares Outstanding 600,071,388 a/o Aug 21, 2013
Float 78,071,388 a/o Apr 30, 2013
Authorized Shares 1,500,000,000 a/o Jun 30, 2013
Share price: $0.025
52wk Range: 0.16 - 0.0089
Last financial statement reported $0 in assets, $0 in revenue, $200 in cash and a website.... How does that even trade...
Or how is a company that lost $4.5M last year and had to borrow $1.3M last month before their crusade to increase the share price 1000% now so beloved and the forerunner in this market?
Nothing out of the ordinary lol...
MJNA, otherwise known as Medical Marijuana, Inc has nothing to do with MMJ. Subsidiaries sell hemp products and GUM...that's about as close to the sector as they get.
HEMP wants to focus on raising the social awareness of hemp instead of sell it.
But yes, the way they are all getting money to break into the market is trading millions of shares of stock far below market in exchange for cash investments.
Right now, the best most of these companies have to offer is a website or a FB page...
Thanks, plz delete this now :)
Backing of Grow Life??? The only thing backing Grow Life is their .34 stock price to trade on. The company itself had to borrow $1.3M last month just to try and get through this quarter. They DON'T have any money. They have stock...which you and 20,000 other people hold for sentimental value.
Enron’s stock was priced at $83.13 and its market capitalization exceeded $60 billion, 70 times earnings and six times book value, an indication of the stock market’s high expectations about its future prospects. And to be clear, it actually HAD earnings...
PHOT is currently trading at 260,000,000 times it's earnings of $0. and 34x times it's book value of .00
Just saying...
I'd be a little more cautiously optimistic about the overall impression this 420 interview is going to leave behind on Monday. Always hard to tell with these things though. If the stock goes up, people will attribute it to the interview. If it goes down people will attribute it to the interview. Either way, the thing driving FITX is imagination, not real world potential return to shareholders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96871735
It was a very good convo - but you knew that!
Bill's post was accurate - we talked for 3 1/2 hours. I feel like I have a better understanding of both the CEN Biotech project and the other pieces of the transaction, but, more importantly, I think I can better understand him too. I am not a big fan of "Go FITX" I also think ex-CEN Bio, FITX is a mess. Stay tuned - I really need to give it more thought before drawing conclusions.
I'd be a little more cautiously optimistic about the overall impression this 420 interview is going to leave behind on Monday. Always hard to tell with these things though. If the stock goes up, people will attribute it to the interview. If it goes down people will attribute it to the interview. Either way, the thing driving FITX is imagination, not real world potential return to shareholders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96871735
It was a very good convo - but you knew that!
Bill's post was accurate - we talked for 3 1/2 hours. I feel like I have a better understanding of both the CEN Biotech project and the other pieces of the transaction, but, more importantly, I think I can better understand him too. I am not a big fan of "Go FITX" I also think ex-CEN Bio, FITX is a mess. Stay tuned - I really need to give it more thought before drawing conclusions.
There are CURRENTLY 8 licensed growers in Canada, not 3 with 4 or 5 more to come. There are 2 private farmers and 6 private companies. There are at least 365 more pending applications and 50 more licensed growers emerging by April are anticipated. Even IF CEN-Bio gets a license this year, they will be just another dime a dozen grower. They will not outpace the rest of the country in any measurable way.
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
ACGX makes designer cardboard packaging and displays, among other things, so it stands to reason that when any of these companies begin distribution of their products they are likely to get a share of the business. However, that is merely speculation since none of the CBD products have a presence in your local walmart or gas station as of yet. The best part is that whether they do or not, this company is already growing and making money so its a can't lose investment.
If you are planning to hold PHOT past the end of the year, if you pay more than .20 you will never see that value again in the next 5 years once all the hype wears off and it starts trading on market basics like every other stock that wants to be taken seriously does. Whether you believe the SA articles or not, once any of these stocks get out of this microcosm of speculation the reality of what a 3 billion share company making $10 million a year in profit really is will come crashing down like an avalanche.
There is no such rumor. They are a perfectly healthy company that makes a profit in their chosen field without having to announce that they also are expanding into the MJ field...
They are a good investment to grow with, not a company that is going to get flipped in a week because they release some BS PR stunt. They are responsibly managed and at the end of the year, they make a little more than it cost them to do business. A sound financial investment...
At what point, in what stock exchange do people not shift their money around when a company they support does something that makes that support waiver? I know economics has gone completely out the window down here but when a company does something that is clearly a plea for attention with no substance to affect the stock price that's pretty shady in the real world. I know it's the norm here in OTC land but anyone with any long term interest in a company is going to switch alliances as soon as they start doing questionable things just to see what happens.
Stock prices rising for no discernible reason and making people holding shares a little bit wealthier has no bearing on whether they are still a good investment or not.
Latest "reality check" from SA...
http://seekingalpha.com/article/2005141-getting-the-dope-on-these-otc-cannabis-stocks
New HOD on it's way
Churning nicely here. Held the gap and green. Not sure what else anyone could ask for right now... Have you seen the rest of the MJ sector today?
Compared to some of the recent "entries" into the MJ market, this is by far one of the better looking company fundamentals for breaking into the sector. The last "new" MJ company's financials I looked at said $200 in cash, $0 revenue, $0 assets and had a net loss of $56,000 in fees and payroll...I'm completely ok with this.
"But let's see how well equipped ILIV is for such an enterprise. The latest filing, from September last year, shows:
•$50,604 cash
•$1.63 million total assets
•$223,300 current liabilities
•Zero revenues
•$260,986 quarterly net loss
While ILIV indeed has some activity on wellness and health markets, it is unknown how the acquisition would be financed. ILIV so far has more than 699 million shares outstanding"
Started to look into it and stopped as soon as I saw that it was designated caveat emptor.
I wish you luck, I really do... PHOT is trying to build an empire on it's shareholders backs. Even once this pan is fully operational PHOT will face extremely heavy competition from the Chinese for their main business focus. Which is why these exclusivity deals are so essential. Between the public and the already roaring private sector, these "industry"numbers that everyone is tossing around will be reduced to a small fraction of the entire $18 billion projections for the next 10 years into PHOT's pocket. The entire industry as a whole is going to be worth $18 billion a decade from now, not just FITX, not just PHOT, not just FSPM... by April there will be 50 other companies that beat them to the punch...
Yeah, I will give it to PHOT there. It may not be enough to get out of the red yet but they do have revenue streams and an actual business which is more than most can say for many others. Even I don't think PHOT is a scam. I just don't believe that a company who's generous profit outlook for the next few years is in single millions should be on a $1 billion plus or bust march in their stock valuation by the end of the year. Call me crazy, but most of us made more money last year and probably will this year than PHOT...doesn't make us billionaires either
They are all private, John. Generally, the people with the money to produce and make money don't like to share. There are already dozens of private growers and organizations actively participating in the biz. The people who DON'T have the money to produce, sell OTC stock presumably to raise the money to someday produce but more than likely it just turns out that selling stock is so much more instantly gratifying and easier than getting their hands dirty and watching plants grow... 100 billion shares of stock and quickly rising up for grabs out here and barely a single plant among them.
Looks like the short raid is losing steam fast. Only $100 down before I'm back in the green again for today. Hope everyone else is seeing the same. I'll take $100 loss mornings every 3 days of $1000 dollar gains all year long.
"NVLX isn't a P & D. Better bashers than you have tried to convince people of that, and they've failed miserably. Because it's a flat out lie. Sorry. Adios!"
I guess that explains the 4 emails I've gotten in the last 24 hours all claiming to have been compensated for pushing this stock... Thanks for setting me straight
So now that PHOT has a 25% stake in CEN, THEY are going to prop up PHOT...and you accuse me of spin?!?!
I wasn't trying to spin anything. I wasn't even talking about FITX. I was giving Investor a legitimate answer for why he was hearing rumors about 420. You pushed the subject over to FITX.
Bill has already announced that competition from Uruguay in Canada is a major concern for the sale price of MJ. Cannabis is completely legal in Uruguay already. It is far more likely that Uruguay cuts up their slice of the pie even more than Uruguay will need to buy from Canada. Israel also has their own growers so I can't imagine why they would be willing to pay to import weed when the Israelis are already complaining about the price for local hash.
Before you start, I also know about their plans to export it to other countries that it is already being grown in. FITX is not the game changer. It's the game...
Right. It was Sam's company, RXtra, that the FDA basically eviscerated last year. Do you know anywhere the company's financials are posted online?
Perhaps...Their revenue this year will depend on when they get the site built. When they get the site built will determine how soon or how long it takes them to get a grow license. How long it takes them to get a license will determine how soon they can start growing. How soon they can start growing will determine how soon they can sell. How soon they can sell will determine how much HC still needs to distribute to 37,000 ish registered recipients...
OK, fine. No one heard of them before 6 days ago. Technically, they were created:
R.X.N.B., INC.
Data Updated January 24, 2014
Company Name: R.X.N.B., INC. Status: Active Filing Date: 11/20/2013
Entity Type: Domestic Corporation File Number: E0562662013-6 Company Age: 3 Months
Tell me how a company registered 3 months ago has $27M in ANNUAL revenue.