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I think its the same one.
https://www.prnewswire.com/news-releases/walker-lane-exploration-acquiring-majority-stake-in-cbd-cosmetics-company-300928536.html
Walker Lane Exploration Acquiring Majority Stake in CBD Cosmetics Company
NEWS PROVIDED BY
Walker Lane Exploration, Inc.
Oct 01, 2019, 10:00 ET
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DENVER, Oct. 1, 2019 /PRNewswire/ -- Walker Lane Exploration, Inc (OTC: WKLN) has signed a preliminary agreement to acquire a majority stake in Cosmetics By Design, Inc., an emerging CBD cosmetics company. An Asset Purchase Agreement will give Walker Lane a 55% non-dilutive position. The agreement gives Walker Lane ten CBD cosmetic formulations. These CBD formulations are to be distributed through strategic partnerships with key cosmetics distributors. Additionally, WKLN has a two-year option to purchase twenty-five more cosmetic CBD formulations.
Walker Lane will acquire 55% of the outstanding CBDI shares and will retain administrative control of the combined companies. The Board has also approved a $250,000 private placement associated with the CBD cosmetics acquisition, though the financing is not part of the terms of acquisition.
Phillip Allen will continue as CEO and Chairman of Walker Lane, while Tony Panasuk will continue as CFO of Walker Lane and serve as CEO and CFO of CBDI.
"Our board of directors has taken the approach to diversify WKLN for our shareholders' benefit," said Mr. Allen. "We believe the CBD market for cosmetics applications may be very lucrative and believe Cosmetics By Design ten CBD cosmetic formulations will be well-received by the market."
About Walker Lane Exploration, Inc. (OTC: WKLN) Walker Lane Exploration, Inc, is a Nevada corporation formed in 2007 and trading on the OTC Markets (PInks currently). For the last year and a half WKLN has been involved in the shallow well oil and gas development and recently the Board of Directors made the decision to enter the cannabis/CBD/hemp arena. The management and Advisory Members of WKLN have a combined experience of over a quarter century in the Cannabis industry and with the recent public 'frenzy' and interest in this area, the Board felt it in the best interest of its shareholders to phase out of the oil and gas business and seriously enter the Cannabis arena. It just completed its first acquisition in that arena of Cosmetics By Design, Inc. and has a number of pending acquisitions it believes it can make. The Board has authorized an immediate Limited Private Placement Offering of up to $250,000 in common stock priced at 20% below a trailing ten-day average ask for the stock. Details of the Offering will be filed with the Securities and Exchange Commission on Form D as soon as it is effective.
If this is true, then this company (GNCP) is at least worth 10-20 cents. Thats crazy.
It cant be 100% owner if WKLN is a publicly traded company.
I'm also seeing that the hedge funds and MMs can keep supplemental liquidity deposits at the DTCC or get a line of credit for assurance.
Are they saying that short selling are options? I'm not seeing anything on short selling in the filing.
It makes them basically have to change their strategy. Usually the strategy is to hold through volatility. Now, if the MM gets too upside down at the end of the day and the DTCC asks for their holdings report, then the DTCC could have them liquidate their position and take a much larger loss than if they just covered at the first sign of news. Its going to create a much larger short squeeze effect in my opinion.
The rules are not in place yet. its just proposed at the moment.
yeah but that was 2019. Thats why I ignored it.
I would love it to be in the pennies but it just can't be. There are billions of shares! If they made $3M and gave it out to all $17B shareholders it would be .0001, right?
That $10M futures contract they got in 2019 could be huge if they cashed out at the right moment or if they go mark to market with their investments and still hold on to the futures.
Touche' But where does this info about cash dividends come from?
why would this go to $1 when everyone here will sell at .01?
Question about Naked Shorting...
There has been up to 70% shorting on this stock recently. Supposedly they cannot cover until it gets to a higher price range. Then how has the shorting dropped to 60%?
Thanks...
Looks like it is happening this weekend:
https://twitter.com/puddinthesilent/status/1370691245723373570
Guys, lets slow our roll.
Lets understand what situation we are in:
1) GNCP keeps putting out more and more upward pressure
2) Unfortunately, the steam has been lost and most everyone who will buy and hold the stock for upward movement have bought it and are holding until major upward movement.
3) This gives the leverage to the market makers (MM). Them shorting massive amounts of shares could and will bring the price down until the volume increases.
... What I'm getting at is although this is great news, the major time period where we will be able to reverse the power of the MMs are when they actually file the financials to get current.
Don't get your feelings hurt if the price goes down on Monday... All the GNCP stock holders are just waiting.... The MMs are focused all their money on shorting while us supporters are holding. It gives them temporary leverage.
I'm excited. ... and adding. lol
They are not buying shares with that $7.8M and they wont be able to get the shares for that price any more either.
Its a non cash transaction so it wouldnt be buying shares. Its reducing liabilities and the 10% annual interest payments to have a better chance to show a profit on the income statement.
I think they are going for the greatest share price bounce by showing revenues and a positive EBITDA. Why else would they write off $7M in dividends if they weren't going to make it back somewhere else? IE share price?
With a positive EBITDA and million dollar+ revenues, yes.
Do I need anything more recent to call him out? Eh... probably not. These new deals bringing cannabis revenues to the company will bring it to .10+
He did say + in both tweets. Maybe being conservative?
Earlier that tweeter said 20 cents! I think this is real.
AND.....
OTCQB minimum price is .01
OTCQX minimum price is $1.
This should tell you everything you need to know...
I don't understand. Whats the big deal with the Verified Profile? And I think you're right on the higher tier. What are the other requirements to go there? Price requirements? I bet that is a good indicator of where they expect the price to go to.
So in looking at the 2020 filings, they put in MASSIVE amounts of money and effort into getting these filings caught up. Even to the point of delivering three 10-Qs on one single day (twice). I have no doubt the next 10-Q will be done by Sunday. Most likely looking at what they have done in the past, it will be filed on Friday.
So with that being said, I'm 90% sure we will have SOME sort of news tomorrow. I hope everyone held today.
Ok. thx!
The Edgar filing calendar says the system is closed on the weekend. Anything submitted after Friday 530pm eastern will receive Monday's filing date (which is late for LCLP).
Am I understanding this wrong?
why next week? they have to file a 10-q tomorrow.
I think the 10-Q that has to come out by Sunday will tell us everything we need to know. My guess is that it wasnt done to include merger information in it. If there is a delay in the report, this stock will tank by eod on Friday or beginning of the day Monday.
The spread is so far apart, its crazy!
Whoo Hoo!!!! I'm able to get back in!!!
what do you guys see? Just there are two merger possibilities? I think they need to continue to stay current and I'll be back but the dip just killed me. Hoping for the best!
Has there been an announcement? Anything on that two weeks you mentioned?
Who is...
Vicapsys Life Sciences Inc (VICP)
1.5000 -0.6500 (-30.23%) 10/02/20 [OTC US]
PROFILE for Fri, Oct 2nd, 2020Help
Company Info
Vicapsys Life Sciences Inc
1735 BUFORD HIGHWAY SUITE 215-113
CUMMING GA 30041 USA
P: 972-891-8033
they share the same address and ph #.
She's not nonexistent, just being shared with other companies. She's around. When we get current, we will find out what actually happened with the deal. No one even knows what happened. Anyone here hear anything?
Thanks,
B
Did you hear anything from your sources?
1) The few main owners of Vidbox would own the 65% of LCLP and 2) Sometimes silence means the worst is occurring but in this case I don't believe it. I think Rudman shouldn't put out anything until they are current. At that time the deal would be finalized and more details would be revealed. Nothing should be said by the company until it is final.