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Holders of GCAN can trade their shares. This excerpt taken directly from the S1 shows how...
"There is not yet an established public trading market for our securities. Hence, there is no central place, such as a stock exchange or electronic trading system, to resell common stock. As such, stockholders will have to locate a buyer and negotiate a private sale until a market is established."
Sure does not sound like a typical IPO to me. Seems like until a market is established all sales, transfers, or dealings in shares is "private".
This shows the registration was filed. It does not show it as approved, or priced, nor does it give any date for the expiration on the lockup. I do not see anywhere on this proof document that you provide that shows any shares have been offered to the public. At the very top you can click latest IPO's and you will see spotify. Sure looks like their status is listed as priced not just filed like GCAN. Also it shows spotify does have an expiration on their lockup. Now I'm sure Wayne is dragging his feet and I'm not going to say I have a ton of faith in him or UNGS at the moment. But the document you provided shows they have gone as far as filing to IPO. But to actually IPO there are more steps than simply filing for it. IPO = initial public offering. Please show where the shares have been at all offered to the public.
Please show any evidence that supports your idea that the IPO has already happened. Show anything, anywhere that states the IPO date. Other wise, what you are saying is complete misinformation. Admins should be held to a higher standard than spewing misinformation.
So you answer my questions with no answers? I feel like you are trying to convey that the security purchase agreements made reflect an IPO??? Private purchase agreements are not offerings to the public.
When was the IPO? Do you even know what IPO stands for?
Who cares? If you were awarded the divy shares, why would you want it to IPO? Currently they can't even keep the website up and running. Without something better than what they already have, if they IPO this (especially at .25) it will tank faster than 911 showing up to white neighborhoods. If Wayne is smart he will wait til there is enough there to sustain the .25 price or even possibly bounce up at opening it up to the market rather than tanking.
We will have to wait til 4/20 to see. Even if they do not get it opened up directly on that day I am sure they will continue their efforts on their dispensaries until they do get them open.
Besides that, the Bottle it inc. deal is huge for them. This will allow them to make revenue from clients, all while enabling them to save cost in packaging their own products. They have a lot of good things going for them. 2018 Could be a huge year for them. If they win their case against the county and the county has to pay them for the confiscated items that too could be a huge win for this company.
Seems like they are trying to get the pharmacy opened on 4/20?
https://cannabisscience.com/index.php/news-media/cbis-latest-news/903-cannabis-science-inc-announces-support-for-the-global-hemp-group-and-senator-mitch-mcconnell-s-hemp-legislation-cbis-ceo-eyes-4-20-for-a-cbis-pharmacy-grand-opening-party
What's the matter bro? Don't want to call that a clinic? This could be the year this explodes. The bottle it inc deal should alone bring in revenue. IMO this company has a lot of things going for it.
Have bought more the last 3 weeks...
Im going to continue to avg down with this. Eventually they will get some news out that will make it run. Maybe that clinic gets opened this month?
Dead fish don't swim. Not saying this is dead or can't do anything. But anyone with a sound mind deeply invested in this must be concerned when the last 2 divy's didn't even push this 1 uptick. With the multiple years of losing revenue, the losses suffered (IE Budbank, marina, GCC store not even currently open, etc etc) 1 must really wonder what it would take to give this any upticks. Can Wayne even create the kind of magic to lift this anymore? Time will tell. But IMO hard to be optimistic when its sat at the bottom as long as it has.
Yep going to take a miracle to save this sinking ship.
Gotta get that GCC store back open so we can make that $300/yr revenue. lol
I believe there may be shorting being done as there have been trades executed at .00001 However I do not believe there is a massive amount of shorting being done as it seems to me it's just not profitable with this where the pps currently is. The shorting being done imo is strictly MM's and is being done behind closed doors and is not being regulated. I think it may be a I'll scratch your back if you scratch mine deal simply between MM's. Anyone using a licensed broker and going through the regulations like licensed brokers are held to are not shorting this.
I still do not grasp the concept of how this stock can be shorted? There's no way in the regulated market for the price to drop any lower. There have been trades executed at .00001 by MM's but the vast majority of all trades are happening at .0001 If any private investor wants any UNGS shares they will be paying .0001 There's no room for it to drop in price any more with the exception of MM's conducting trades outside the regulated market. In the articles you provided concerning shorts they all discuss how the short position makes it's money. At this point without conducting trades outside the regulated market between each other I see no way to profit shorting this. Also almost all short positions have time limitations. If there was massive shorting being done (exclusively between different MM's) then wouldn't there be a lot more trades executed at the .00001 instead of .0001? Please explain how anyone can be certain there is massive shorting being done here. Or how there is really any $ to be made by shorting this?
Going to take a lot of positive to knock down that 400 mil + wall on that ask...
Wayne's Theme song
If they can get their clinic opened this should start moving the other way and will be a steal at these prices.
How high do you think this can fly if they do get it opened?
Maybe. I hope your right as I’d sure like to see a return on what I have in this. But imo the longer something sits flat-lined, the harder it becomes to bring it back to life. The last 2 shocks from the defibrillator in the form of divys barely created volume and never pushed it back to a bid. Going to take something more amazing than that it seems to bring this back to life for any form of run.
Seen an article that says this could have potential to reach .70 by the end of the year whats the investor sentiment regarding that?
I doubt we ever see it. The story will have to be epic to knock down that 420 million share wall. Even free worthless divys can't make this move anymore.
There's other ways it could make a run. I do not see UNGS being sold or bought. I think Wayne would want to much for it. I don't think anyone would want to give his price tag for it with how many years its been operated at a loss and the share structure the way it currently sits.
Seems like there is a lot of support around the current pps. I bought in Fri. Looks good to me.
The last 2 divy's didn't make this move. IMO it's going to take a pretty good trick to make this move again. The lack of revenue is keeping everyone far away from this one. The CEO has shown no interest in ever becoming profitable. He always spends more out than he ever brings in and does things like opening the GCC with no promotion at all besides word of mouth from the investors. What good is a store with 1000+ products if no one is shopping it? Hopefully Wayne eventually does find his way out of this hole he's dug us all into. Sitting flat-lined at .0001 for a year is not a good sign. The longer it takes to make some kind of magic happen, The less likely it is that we will ever see it move again IMO.
GCAN getting bought out before IPO is the best hope investors have. Wayne obviously isn't going to do much to promote the business...
Is this a good buy at this point? I bought at .0004 and sold at .0008 a while back. Haven't Kept up with it since is it still worth a look since pps has now gone back down?
I was going to buy more before the paydate of the last divy. But since I never got the Divy from the Oct 2nd paydate in my etrade account I held out. At this point the only way I would buy more shares is if I could get them at the MM's pricing of .00001 or .000001
This couldn't be our TTech. They actually look like they are doing something.
Why would anyone want to buy them at .0001 currently? MM's have been flipping them back and forth at .00001 with transactions between 10 - 999,999 shares. At .00001 It would at least be tempting to buy as if a bid is ever restored having bought at that price would net a nice profit. It's been flat-lined for a year. IMO there's a 50-50 chance this never sees a bid again. I own enough at .0001 that currently the 50-50 chance to either be a stuckholder forever or make 100% return isn't worth the risk to me to be buying any more at .0001
This has had multiple weird trades like this. It has to be MM related as who would use a broker and pay fees on 35 shares? At current pps that's like 3 and a half cents? not sure how that works. Last week there were 2 trades that were for only 10 shares and trade was executed at .00001 that would be 1 tenth of a cent. How does that work? Id buy about 10 million more shares if I could get them at .00001
LMAO. 32 and counting. Comparing anything Wayne is involved with to Tesla is a joke. Tesla is working on and selling Electric vehicles. Wayne can't even keep the company website updated or the online so called SuperStore open.
Wonder what excuse for delay will be given then, if any.
You have spoke of patience for a while. I wonder at what point you will lose yours. How long does it have to sit at .0001 before you'll concede this probably isn't going to end well?
No transparency in the orders. To me it looks like the first order was for 10 shares at a pps of .0001. How does that work? Can you tear a penny into 10 separate pieces? The 2nd trade listed under type of trade as a T-type. Appears as though the execution pps was .00001 so basically someone let go of a million shares for $10. My guess is there was no real activity today other than a few shares shifted between MM's to give an appearance of some volume.
More posts than transactions. Been the Norm for a while here.
With a CEO only concerning himself with selling shares to pay his salary and never making positive revenue from any business venture he's ever been a part of this is dead money. People buying at this point don't mind torching cash cause DD will tell any potential investor to avoid this mess as the odds of ever getting a bid back at this point is slim/none.
Nope, I have given up. I have complained to AMDAQ and spoke with them and Etrade on multiple occasions. Each party wants to blame the other. I spoke to Pacific Stock Transfer who gave me info (a phone # and email) for AMDAQ and they told me AMDAQ is responsible for issuing these shares. After months of AMDAQ telling me they've been sent and Etrade saying they've never been received I contacted UNGS and UNGS told me this is an Etrade issue and that it's not an issue or any concern with their company at all. I responded asking how it was not their issue or concern when it was their spinoff and I got no response again from UNGS. I filed a complaint with the SEC and FINRA but really feel all efforts and complaints have fallen on deaf ears and at this point I believe the spinoff along with everything else UNGS is involved with is just a scam. Doubt any of the spinoffs ever reach a trading session anyways so I've given up.
If I could sell you mine I would. I'd even let them go at a discount of .20 per share.
Goodluck with that 400 mil on the ask, and a CEO that can't even efficiently orchestrate a spinoff, or find a way to make positive revenue after dumping over 10 mil $ into the company and his checking account to cover his salary. I'm pretty certain at this point he has ran this well dry. Probably why he has all the spinoffs going. This is so bloated with dilution not much he can do here to sell shares. So time to spinoff other companies so he at least can legitimize paying himself a salary.