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DRMC Announces New Company direction into Aerospace Machine Tool Technology and Industrial Metals Sales and Distribution
Jan 05, 2015 (ACCESSWIRE via COMTEX) — Montclair, CA / ACCESSWIRE / January 5, 2015 / Definitive Rest Mattress Company (otc pink sheets:DRMC) is pleased to announce today, changes in the Company’s direction that will bring the Company into the Machine Tool Technology and Metals for the Aerospace, Commercial and Industrial Manufacturing and Sales sectors. The Company’s future growth plans call for the Company to deliver shareholder value by acquiring or developing entrepreneurial companies and operations with strong growth and profit potential,especially in technology sectors.
The Company is excited to share its management decision to direct its operations into the Machine Tool and Metals Industry, Distributions and Sales. We expect that the new operational direction will bring profit and value to our shareholders. Please stay tuned for further developments as the Company proceeds with its new business plans and ventures, says, Juan Carlos Murga, the Company’s CEO. http://www.marketwatch.com/story/drmc-announces-new-company-direction-into-aerospace-machine-tool-technology-and-industrial-metals-sales-and-distribution-2015-01-05
in with starter
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in with starter
no thought this was going to the trips...
I think this is a good entry point- agree time to buy!
it will come around
Surna getting more & more press great to see!
never said toxic ...
Even Twitter has debt
SRNA - Zynga founder went from FarmVille to the pot business
If you ever played FarmVille on Facebook, you have Tom Bollich to thank. But these days the visionary gamer is working in a new pasture: legalized marijuana.
"I enjoy new industries. You're able to come in, help shape it and set the groundwork before a lot of the major players come in," said Bollich, who co-founded Zynga (ZNGA) in 2007.
Today he's the CEO of Surna, a Colorado company that sells chilling systems and other equipment used in growing commercial marijuana.
Growing pot seems like a big leap compared to FarmVille and Words with Friends, but Bollich, who left Zynga in 2009 sees parallels.
"It does remind me a little bit of Zynga. We had a company that was built on someone else's platform. We were beholden to Facebook (FB, Tech30) or MySpace or whatever platform we were on. Now we are at the mercy of the whims of politicians and voters," he said.
Legal marijuana: Those whims are increasingly moving in the favor of marijuana entrepreneurs. Last week's midterm election paved the way for legalized marijuana in Oregon, Alaska and Washington, D.C. Voters in states like California, Massachusetts, Maine and Nevada may have the chance to do the same in 2016.
Bollich, whose first job was in artificial intelligence for robots, said this gradual adoption is actually better for his business.
"That way it's more manageable. Each state has to build up its infrastructure from the ground up, which for us is quite good," he said.
Surna's products help with the power, water and lighting challenges facing licensed, commercial marijuana growers. These growers are often very inefficient, using tons of electricity that jack up their expenses.
Legal headaches: Investors should remember that while the legalization movement has gained momentum, publicly traded marijuana companies remain risky investments. These penny stocks trade on thinly-regulated and highly speculative over-the-counter markets.
Just look at Surna's stock, which traded at $6 in April but today is worth just 37 cents.
And there are obvious regulatory obstacles given that legalized cannabis is still an emerging and controversial industry.
"This industry is rife with legal headaches. It's really complicated. There are a lot of disappointments," said Bollich.
What's next for Surna? Still, the shifting political winds have investors seeing dollar signs.
ArcView Group, a marijuana research and investment firm, estimates the legal pot business will generate $2.6 billion in revenue this year and more than $10 billion in five years.
Bollich said the company is "actively" looking for acquisition targets as it attempts to capture a greater percentage of a commercial grower's build out costs. He pegs that figure at just 10% now and figures it could rise to 20% or 30% by expanding into more areas like feeding systems or even data.
Eventually, Bollich wants Surna to create a software system that integrates marijuana growers' systems and allows them to monitor their operations from a smartphone.
"I am a programmer after all," he said. http://money.cnn.com/2014/11/11/investing/legal-marijuana-zynga-founder/index.html?sr=twmoney111114zynga0520story
Zynga founder went from FarmVille to the pot business
If you ever played FarmVille on Facebook, you have Tom Bollich to thank. But these days the visionary gamer is working in a new pasture: legalized marijuana.
"I enjoy new industries. You're able to come in, help shape it and set the groundwork before a lot of the major players come in," said Bollich, who co-founded Zynga (ZNGA) in 2007.
Today he's the CEO of Surna, a Colorado company that sells chilling systems and other equipment used in growing commercial marijuana.
Growing pot seems like a big leap compared to FarmVille and Words with Friends, but Bollich, who left Zynga in 2009 sees parallels.
"It does remind me a little bit of Zynga. We had a company that was built on someone else's platform. We were beholden to Facebook (FB, Tech30) or MySpace or whatever platform we were on. Now we are at the mercy of the whims of politicians and voters," he said.
Legal marijuana: Those whims are increasingly moving in the favor of marijuana entrepreneurs. Last week's midterm election paved the way for legalized marijuana in Oregon, Alaska and Washington, D.C. Voters in states like California, Massachusetts, Maine and Nevada may have the chance to do the same in 2016.
Bollich, whose first job was in artificial intelligence for robots, said this gradual adoption is actually better for his business.
"That way it's more manageable. Each state has to build up its infrastructure from the ground up, which for us is quite good," he said.
Surna's products help with the power, water and lighting challenges facing licensed, commercial marijuana growers. These growers are often very inefficient, using tons of electricity that jack up their expenses.
Legal headaches: Investors should remember that while the legalization movement has gained momentum, publicly traded marijuana companies remain risky investments. These penny stocks trade on thinly-regulated and highly speculative over-the-counter markets.
Just look at Surna's stock, which traded at $6 in April but today is worth just 37 cents.
And there are obvious regulatory obstacles given that legalized cannabis is still an emerging and controversial industry.
"This industry is rife with legal headaches. It's really complicated. There are a lot of disappointments," said Bollich.
What's next for Surna? Still, the shifting political winds have investors seeing dollar signs.
ArcView Group, a marijuana research and investment firm, estimates the legal pot business will generate $2.6 billion in revenue this year and more than $10 billion in five years.
Bollich said the company is "actively" looking for acquisition targets as it attempts to capture a greater percentage of a commercial grower's build out costs. He pegs that figure at just 10% now and figures it could rise to 20% or 30% by expanding into more areas like feeding systems or even data.
Eventually, Bollich wants Surna to create a software system that integrates marijuana growers' systems and allows them to monitor their operations from a smartphone.
"I am a programmer after all," he said. http://money.cnn.com/2014/11/11/investing/legal-marijuana-zynga-founder/index.html?sr=twmoney111114zynga0520story
The past is the past! Plenty of trading ops on this one regardless of the PPS
Stop expanding? Why? Get rid of the toxic debt? Well like you said it is really his only choice.
Why did LTNC even go public if not to raise money to expand?
Even Twitter has debt
could you suggest some other type of financing that could be more fulfilling for the investor? Like name some firms etc that could be used that may not be toxic?
~LTNC has been presenting some very nice trading opportunities as of late that's for sure. Bring on the volatility! :)
Labor SMART believes it can successfully execute and close acquisitions totaling $20-$40 million in revenue in 2015.
I'll take it... $$$
regardless of how you spin its still 90%+ better than all the other OTC stocks out there
funny...at least its a OTC with revenues 90% on the OTC have zero revenues
grabbed some today on shake
what ? now there is to much volume? lol u guys are never happy
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yep that's why always have as backup. Not the biggest fan of how F is setup but great for times like this
k thanks have Fidelity account just never tried yet
Looking for entry this morning... for starter
agree I went to add yesterday on Etrade and no opening positions wtf. They never do that stuff. ATurd yes but not Etrade. What about Fidelity anymore try there?
Why Tech Innovators Are High on the Prospects for Legalized Marijuana
While the tech industry soldiers on mightily in search of disruptive, game-changing, TED-worthy apps, SaaS platforms, and amplified monetization plays, a few brave souls have taken the proverbial off-ramp in search of the next big thing. Experts estimate that the highly fragmented $2.3 billion US legal cannabis industry will increase to $10.2 billion by 2018.
Tom Bollich, the artificial intelligence-savvy robotics engineer who co-founded Zynga, is betting on that boom. As director and CEO of Surna Inc., he’s gone from virtual goods in Farmville to a pure play on explosive growth in the cannabis industry. Bollich’s Surna produces water-chilled climate control systems, designed for legal marijuana growers but applicable to other hydroponic agriculture needs.
Why would a whiz kid who grew Zynga to a $10 billion market valuation make the pivot from a gaming industry to the promise of the cannabis industry? I contacted him in a written interview, and the explanation is more naturally progressive than you might think.
Familiar language backed by metrics
First, there's a lot of the same language between the tech/gaming space and the cannabis space. "Expressions like, 'the birth of an industry,' 'this is the next big thing,' 'this is going to do nothing but grow,' are rampant," Bollich explains. "It's relatable to us."
Pair that similar vernacular with the latest tax revenue receipts, and therein lies the great opportunity. National Geographic reports Colorado cannabis tax revenue has generated $29.7 million, and the state of Washington is expected to yield $51.2 million in recreational cannabis tax revenue between 2015 and 2017.
Those are merely early stage industry numbers. Prospective investors are eager to see what this year’s elections dictate as Oregon and Alaska add recreational cannabis initiatives to the ballot for 2014. Another eight states, including Nevada, Massachusetts and California, are set to vote on varying degrees of legalization in 2016.
Adaptable technology
As legalization slowly but surely spreads across the country, growers will be looking for somewhere to turn to get specialized support, tools and resources for their unique craft. According to Bollich, success in cannabis tech lies in bringing a lot of disparate pieces together, like bioengineering, retail product development and the power of social word-of-mouth, to navigate an entirely new idea.
Surna's is a system "designed to specifically aid growers in solving their most pressing climate issues for maximum quality and output," Bollich said. This type of ingenuity is expected to drive greater energy efficiencies and sustainability for commercial agriculture as a whole. That type of functionality makes for a healthy "back-up plan" if decriminalization of cannabis goes slower than anticipated.
Agile marketing opportunity
Because cannabis legalization is not a nationwide plan, it's an ideal scenario for the agile entrepreneur. There needn't be an elaborate, cross-country go-to-market plan, and national-sized budget to enter the market. This enables entrepreneurs in this space to practice agile marketing, through adaptive and iterative campaigns over "Big-Bang" launches. Bollich agrees, “A business can say, ‘Okay, we're really going to focus on Nevada, then focus on Illinois,’ and not lose opportunities as much as if it were a national boom.”
A market bigger than anyone can predict
Finally, because so many users and purveyors are in what’s called the “cannabis closet’ -- secretive and non-mainstream pursuits involving the once-illegal substance -- the financial opportunity is greater than it may appear to the untrained eye. Bollich recognizes that the concept of the “cannabis closet” changes the game considerably for entrepreneurs.
“The way that .com grew the gaming business and the way those businesses were able to form is very different than what's going on in cannabis,” he explains, “because it's a much more ‘hobbled bubble.’ It's not like [legalized marijuana] is nationwide.”
Just how deep is this closet? According to a new nationwide survey published by USA Today, 7.3 percent of Americans who are 12 years old or older used marijuana on a regular basis in 2012. That number has increased 0.3 percent since 2011, and smashes the 5.8 percent rate distilled from similar 2007 research. According to a Gallup poll, young adults between 18 to 29 are most likely to report that they currently smoke marijuana.
Noting that the average age of a successful startup founder is 39, these younger users may be next in line to begin using newly-developed growing technology to kick-start their own operations in the near future.
With disposable personal income increasing $35.2 billion, or 0.3 percent, in August, paired with analysts like Jim Cramer skeptical about too many tech IPOs, could cannabis tech be a mega-catalyst? If so, the future of this industry is flying high. http://www.entrepreneur.com/article/238550
thanks for posting!
really? CHARTMASTER Sunday, 10/26/14 03:08:07 PM
Re: MMMQA post# 2401
Post # of 2715
Looks like another pump and dump to me.
doesn't say paid could simply be a technical bottom call which it definite was at .017 low. LTNC was way overdue
Florida: Record Nine Years Have Passed Without A Hurricane Landfall, But That Streak Will End ... Eventually
Friday, October 24 marks nine years since Hurricane Wilma made landfall in southwest Florida, a record hurricane-free streak for the Sunshine State.
This is the longest stretch on record dating to 1851 that no hurricanes have made landfall in the state. The longest hurricane-free streak prior to this one was five consecutive seasons from 1980 to 1984.
This is impressive, considering the coastline of Florida spans more than 1,260 miles from the Gulf Coast to the Atlantic Ocean, and an average of 8 hurricanes have formed each year since 2005. http://www.weather.com/news/weather-hurricanes/florida-hurricane-free-streak-luck-run-out-20140801
Florida: Record Nine Years Have Passed Without A Hurricane Landfall, But That Streak Will End ... Eventually
Friday, October 24 marks nine years since Hurricane Wilma made landfall in southwest Florida, a record hurricane-free streak for the Sunshine State.
This is the longest stretch on record dating to 1851 that no hurricanes have made landfall in the state. The longest hurricane-free streak prior to this one was five consecutive seasons from 1980 to 1984.
This is impressive, considering the coastline of Florida spans more than 1,260 miles from the Gulf Coast to the Atlantic Ocean, and an average of 8 hurricanes have formed each year since 2005. http://www.weather.com/news/weather-hurricanes/florida-hurricane-free-streak-luck-run-out-20140801