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847,600 shares on the bid @ .0626,. Must be one Un-Astute investor.
That was a fake wall. Someone/MM has been boxing this under .07 for a weeks now. Total c**k block.
So you don't believe the Vegas facility exists, that we didn't just apply for dispensaries and we haven't been making rev from CA or that CA is even a viable operation? A P&D from a 20 year fully reporting company? You really believe that?
The reasons for the price of the facility has been discussed and addressed by Mark in one or more of the video updates. It's been discussed here as well. I suggest you do some real DD.
But as a favor I will tell you that the business PNTV bought was a year old. The business plan of the Seller is to get investors, start operations and then sell it. For the seller having to deal with up to 90 different investors each requiring cash payments, all the other logistics coupled with dealing with their daily questions and fears is a pain and a lot of work. Develop, sell rinse repeat. The seller made a lot of money.
Pure conjecture on your part. Using facts to support your assumed narrative. Why's are assumed.
Starting to get cynical? You have been cynical pretty much right out of the gate.
Astute investors understand the time and detail it takes to audit an all cash semii-federally legal business. Astute investors also seem to understand the time, effort and experience that went into filing 6 dispensary licenses. Astute investors see the bigger picture, seeing that tho not always timely PNTV has produced what they say they would. Revs in hand, Q2 is coming with Q3 hot on it's heals.
I spoke to Mark yesterday and they submitted the applications.
Morning Zen. What time frame are you looking at the RSI? 1 day, 10, day 30 day? Also I don't have PM capability. If you do PM me a number or email and I will send you mine. We should grab DJ and go to the facility. I can't go until Saturday the 27th.
Hey Zen I'll be in Vegas from the Oct 26-29. We should definitely have a beer. I'm going to see WSP.
I'm not concerned about the daily fluctuation.
My bad I read that wrong. Sorry. We will see some of that rev on Q2.
They acquired a 56000 sq ft green house already producing $11 mil annually.
They just tested their first batch for compliance ahead of schedule for CA.
They announced and are about to post $2+ million in rev for Q2.
The 2nd harvest in Vegas of 150 lbs is 1 month away.
They are applying for 5 dispensary licenses hoping to get 2 or 3 and they have the necessary people on board to accumulate enough points/merrits to get awarded 1 or more dispensary licenses.
There are other developments they are close to announcing. They are aggressively following their growth plan.
I wouldn't call that smoke and mirrors. Real accomplishments. Actually pretty big stuff for a company that has never posted real revs. Maybe Q3 will be the next catalyst but I think when Q2 comes out and shows the numbers are real, investors and traders alike, will start to believe the future growth of the company.
I do agree with you that it's been a long time coming but that is business.
The yields go down but the crop grows. This is the Salinas Valley. They grow about 90% of the countries greens year round. I live here. I have been to the facility. I have seen several others. They have already run a winter cycle. You can yell as loud as you want doesn't make it true. As the months go by and we get into winter we will see the continuous harvest and everyone can see for themselves how incorrect you are.
That's completely false. It's producing $11 million a year without supplemental lighting. Grows just fine in the winter months. That is a fact that has been established 100x over.
I'm not sure what it dried out to. It wasn't huge. I think the second harvest should be upwards to 100 lbs. That is not far off from being done.
In Vegas you can make that claim. I'm not denying it. We will be selling our flower in Vegas very soon. We don't know about Cali. It could be. Regardless that doesn't mean we aren't selling the crop. We are. And the next one. And the next one. And the next one. Soon enough we will brand and sell direct to dispensaries and continue to sell through distributors. I don't see the problem.
Yes but Location Location Location.
Don't let the facts get in the way of a good rant.
I'm answering because your assumption is way of base.
California first. We've only owned the Salinas facility since May. They have not branded or sold anything under their own name in California. It's all taken by Distributors and sold by distributors. As code enforcement goes forward and everything is tracked we will start testing and branding our own products. Until then it won't show up under glf products.
As for Nevada I don't think they said that they were selling flower to dispensaries just yet. They said they were selling their products which is the Rosen. They just harvested their first crop in Nevada and it's being tested. After that it will be sold.
What he said is that we will show 1 million from on this Q with only June from Cali on it and 3rd Q rev will include 3 months of Cali. We crushed it July and August.
Once again that is not true. This is the first time since the original licenses were granted that the State is taking applications for new dispensary's. GLF has already shown proof of that their first crop was harvested and the second crop of over a 100 pounds is by now 4-6 weeks away. That is the truth.
No he didn't,ever. Please stop misleading investors with blatant non truths.
I'm trying to convey that.
According to what we have have been told the next Q should show over $1m in rev and Q3 4x that. It has been a way too long and expensive road to get here and thus the current numbers. Reoccurring rev will be coming in from Vegas and Cali from here on out.
We own a fully operating facility making $11 mil annually and harvested our first crop in Vegas last month with almost 100 lbs coming in 4-6 weeks. The last video stated we harvested over 1000 lbs in Cali for July. We are putting in an application for dispensary licenses, building out the rest of the Vegas facility and looking at expansion in California. That is why we are at .041. The next 2 Qs should support this and show the trend.
I do know them Elkay and that is why I know so much of whats said here are out right lies. They have made plenty of mistakes I know that but they have NEVER been fraudulent with shares, accounting or PRs.
I don't know who you are, just your intentions. They never said they were doing an RS. How would an insider know who you are by your name on Ihub? I'm not one anyway. I've never made any attempts to hide who I am tho.
There is nothing wrong and there is nothing to hide. It's consistent with that they don't PR anything. MG didn't quit. Geoff made a life choice, no ill will.
The company's biggest problem is not doing regular updates and promoting their accomplishments, projections of harvests, hiring's, etc through national PRs. If they did this IMO we would be over .10 becasue there is that much going on.
No they didn't. He said if they were ever to do it it would be to uplist and he did not see that happening for years to come. I know you
They never said that. That is a complete fabrication. Please show me any link. Mark is on record many times saying they are not doing a RS.
I stand corrected. I apologize.
There was no webinar scheduled. They never announced there was going to be one. I don't know who makes this stuff up.
Geoff took another opportunity that will allow him to make more money now and give him more time with his young kids. That's it, no conspiracy.
U have NO (not KNOW) idea what you are talking about. Company is full steam ahead and about to report over $1 million in Rev for Q2. Q3 will show revenue 4x that. imo
When they report 2nd Q revenues is when we see our jump up I think. I was with Mark this week in Cali and part of the reason they are not putting out projections in PRs is due to their attorneys being cautious not to say anything till everything is audited. I can tell you we are crushing this harvest in Salinas and Vegas is almost dried, cured and ready for testing. 2nd Q will be good and Q3 is going to kill it.
I know where it comes from. That's why I ask what you suggest. Personally I think they should too both. If they create a line of successful oil cartridges the profit margin on those things are actually really high. And when they get a dispensary I can sell their own cartridges the profit margins will be off the charts.
How should they sell the oils? Bulk to the manufactures of vape pens? To my knowledge and personal experience most oils if not all are sold in cartridges not in vials.
I'll give you some dispensary news now. This was published July 6th. Submittal process opens Sept. 7th and closes Sept. 20th.
https://tax.nv.gov/FAQs/Marijuana_License_Applications/
I know they are in the process of putting the application together. They hired a consultant, someone who has worked on the other side, to dial in their application. Very good chance we get granted a dispensary.
So Dj that is one reason they didn't overpay for a dispensary.
You know he can't sell those shares without restrictions. He never has sold a share.
Actually we have sold in Cali for May and June. Those revs should show up on the next Q. As I understand it we are still able to sell through our distributors and they do the testing.
You should email Mark and Brett and present those ideas. I say this sincerely.