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Those shares that were issued were done so to acquire critical pieces of our cannabis business. And those investors/business owners who were issued those shares know a heck of a lot more about this business, their business than you or I do. Furthermore, this company is just getting started and once the oil spigots are turned on then there is no stopping this cannabis company. Right now, the demand is strong and only growing stronger! $GCGX...
Not relevant, shares are already part of the share structure, and the money was used to build a brand new company in a brand new industry and now it's our company, our cannabis company! $GCGX...
Nuts I say, Nuts!
Old news also...
Old news...
Good show, sometimes you win, sometimes not. Going forward, I expect the CO next week, that's definitely a win, and then there will be no looking back my friend! $GCGX...
You're missing the point, there just is no $LOFB without both Medi Mike and Buzzy...
Thanks Cap.
You are welcome and my pleasure. I gave you a follow.
Cap, this is really good stuff; would you source where you found it please.
Thank you.
That isn't what was said. What was said is 50/50 or maybe Global gets 60/40. Keep in mind, this is certainly just a temporary arrangement, just like Matt's salary of $15,000 per month is a temporary arrangement until Global achieves a certain amount of revenue. Moreover, if $GCGX price goes up to, say a dollar, then the company only has to sell 10 million shares to buy the 9 million-dollar building which is the stated goal by the way.
Add to this the fact that the Federal government right now is under significant pressure to remove cannabis from the controlled substance list thus legalizing cannabis at the Federal level. If that happens, then there is no longer a need for the Chinese wall, and, if we own the building, then there is no longer a need for Matt and Tom to lease the building to Global.
Bottom line, as I said, I believe that this revenue sharing agreement is undoubtedly just a temporary arrangement until Global is fully established. Furthermore, it would be ridiculous, in my humble opinion, to try and uplist to the NASDAQ with that kind of revenue sharing agreement in place...
All things considered, especially with all that behind us, it's now just a matter of time before Global starts breaking out: For instance, Matt said in the latest interview that the audit should be complete in October, and that uplisting to the otcqb can begin soon after the audit. Add to this the fact that we will almost certainly receive the much coveted and long-awaited certificate of occupancy in the month of October, this very Month, and then we can finally turn on the oil spigot!
Folks, this is big, really big as it will enable two additional revenue streams, Indulge oils and Tahoe distribution. So big in fact that we're going to get tired of winning with lots of green days ahead! Finally, starting this quarter now, we will see quarter-over-quarter gains as far as the eye can see! 2020 is going to be our breakout year; it's time to ignite the fuse and launch this ship! Go $GCGX...
Yes, this year, in fact, this month the Cannabis Mall will finally begin manufacturing... All we need now is the certificate of occupancy from the city and to that end: Final inspections are scheduled already for Wednesday of next week. And if they pass this time then the certificate of occupancy will be issued, probably within a couple days to a week. With the CO, we can will finally start manufacturing: THC oil at first, producing up to 15 liters of oil per day, selling at $8,000 per liter. Then, after we fill a number of THC oil orders, the plan is to switch gears and start filling orders for THC oil cartridge pens which have higher margins...
Going forward now, once we have successfully navigated the California minefields of licensing and permitting, we will begin our manufacturing journey. Folks, let us not forget that we own now a piece of a cannabis business in California, the largest cannabis market in the country, correction, in the world! And, I might add that we are entering this market, with our brand new cannabis business, into a brand-new cannabis industry which, by the way, just happens to be the most rapidly growing industry in the country, correction, in the world! Furthermore, we are fortunate to be starting a cannabis business at a time being called a Cannabis Megatrend!!! And, folks, I'm here to tell you that this Megatrend is only just getting started, wow! Who knows where we will be in 2 years from now but I think I'm going to stick around to find out! This show has only just started and it's already incredibly exciting to watch, so much so that I can't hardly pull myself away for long enough to go get dinner even. $GCGX
What the hell are you talkin about, seriously???
This is a very typical pattern for a stock with a lot of promise such as $GCGX. Initial enthusiasm drives the stock to new highs, $0.11, and then the reality of building a new company sets in and the price drops back to earth, $0.011. So, when that happens, and it happens all the time, and it is clear that the company still has all the same promise, in the cannabis business no less, then the time to buy is now while it is in the trough. This is a no brainier at this price, right before the oil spigots are turned on, adding two additional revenue streams. Furthermore, the downside risk is limited as the company can't afford to let the price drop below $0.01 because that would jeopardize the OTCQB up-listing plans!
What would be hilarious is if one thought the only measure of progress is PPS! LOL $GCGX...
Merger wasn't even complete till October of 2018! Unfortunately the Fall 2018 Colorado Hemp Farm failed, and the Cannabis Mall permits weren't issued till June of 2019. That said, we have worked through those initial delays, normal course of business, and now it's whistle time! Just look how far we've come: Certificate of Occupancy in a couple of weeks, turn on the oil spigots, and then look out for fast moving trains!
$GCGX...
I agree, almost game-time: Matt reiterated again in his latest call that we still have 90% of the LOIs, $34.56 million in back orders. He also said they are already planning to purchase the 25 liter large extractor machine. So, even with a margin of only 25%, potentially gets us to $1 dollar by 1st or 2nd Quarter of 2020. Furthermore, full legalization in 2020 and up-listing to the OTCQB are both sure to help tremendously… See the following calculations:
3 @ 5 liters, 1 @ 25 liters = 40 L * $8,000 * 90 days = Quarterly Revenue:
• Indulge = $28,800,000
• Infused = $600,000
• Tahoe Distribution = $600,000
• Total: $30,000,000
Qtrly Rev: $30,000,000
Yearly: $120,000,000
Margin 25%: $30,000,000
Yearly EPS: $0.04
Multiple: 24
8/15/2020: $0.96
$GCGX...
I will have to do that but for now will have to settle for the CBD type as I still work for the Federal government. However, that is all about to change in a year and a half or sooner if my $GCGX ship comes in.
All it takes is one, plenty of practice and patience, and finally this is it, the one, $GCGX...
Could very well be, and I suspect that company is likely the much talked about company called ToMaRa! Go $GCGX...
The building purchase will come; hell, we just negotiated a five-year lease so we have plenty of time. That said, now is not the time as it would be too diluting. But, let's say in a year from now when the stock price is 1-4 dollars, then the company can sell a few million shares and buy the building.
Then also, in a year from now cannabis will likely be de-scheduled, removed from the Controlled Substance Act, and cannabis becomes legal at the Federal level. When this happens, and, mark my words, it will happen, then that should also eliminate the need for the Chinese wall. Furthermore, this should also remove the need for this damn revenue sharing agreement with an outside party like the 50/50 agreement with Matt and Tom. I don't like it and I suspect that NASDAQ won't like that either! $GCGX...
It's a process, remember Fernhill, and we're just about at the end of this process...
I beg to differ, either FINRA has said, you're not entitled to benefit from your own spin-off or, Buzzy said, in order to help the $LOFB share structure, I don't want to take any spin off shares. Now, I don't pretend to know exactly but I do know that Buzzy told me personally that he is not going to take his share of the spin-off...
And just who do you think you are kidding here? Mike doesn't have any choice, it's the law... Those shares were never Mike's shares, and never will be... Those spin-off shares shown in the report will be distributed soon and they are part of the Leaf of Faith share structure...
Look, a little more DD and you will find in that same report, that there was a block of approximately 76,000,000 shares set aside for the spin-off. Now, with 1,600,000,000 billion shares outstanding on the date of record and a 1 for 12 spin-off means that 135,000,000 shares were needed to be set aside for the spin-off. Although, that included Buzzy's shares too and he owned a little more than half the OS, just over 800,000,000 million shares. However, Buzzy said he will not receive any spin-off shares, so, when you subtract little over half the set aside, 68,000,000, it leaves only about 67,000,000 shares needed to cover all the shareholders of record on the date of record, 10-31-17.
Bottom line, the 76,000,000 million share block set aside for the spin-off is more than enough to cover the shareholders of record, and the distribution will begin any day now, in fact, Vgroup has already spoken to the TA. Now, like everyone else, I thought this spin-off would be faster than Fernhill as that one should have paved the way. Although, it seems FINRA, the Government, operates at one speed and we are again on the same damn two year timeline. On the bight side though, we are now less than a month away from two years...
Go Buzzy, get it done! Go Mike, no body is going to hand it to you on a silver platter and you are going to have to work hard to make this company succeed. That said, I have faith that you will succeed in a spectacular way! $LOFB...
Wow, back the truck up; the VIP Lounge was always predicated on the issuance of the license. Now, the company thought they had a chance with all their contacts, and the plan was definitely exciting. However, there were only a few licenses and we were not fortunate, or unfortunate depending on how you look at it, to get a license. That said, this was no lie, in fact, in the end this was not even a set back at all, this was a win win because now we can focus on manufacturing which is more lucrative, better margins, and less personnel to have to manage... $GCGX...
Stop beating that dead horse? When FINRA's ready, then and only then will we get our shares of $LOFB...
Yet, Buzzy is alive and well; next spin off please! $LOFB...
He's right, there have been a number of SEC investigations. Every time it reaches X number of complaints, Buzzy is investigated once again. Investigators by now know him and the routine, so, they say, "Oh, it's you again." None the less, the SEC is required to investigate once they get X number of complaints.
Now, if investors keep doing this, filing complaints, they are only just cutting off their nose to spite their face. They should know by now, this is Buzzy's business model, and that the value is in the spin-offs. Buzzy is just doing what Buzzy does and every time there is another investigation it delays the release of our Leaf of Faith spin-off shares. I hope that's not what's going on right now again because we are so close to getting our shares that it's palpable...
You know, it's been said, "The first casualty in war is the plan." Well, the same can be said in the Cannabis business, the first casualty is the plan! That said, In the case of Global, they are adapting and adopting and I can tell you, as a 26-year veteran, Global is going to win this war... Damn the torpedoes, damn the critics, full speed ahead! $GCGX...
Are we in the trips yet!! LMAO!
Nobody, I mean nobody in their right mind that is sells at market in the OTC. You are right though about the fact that this selling is from a third party, likely one that just finished restriction, and they are selling at limit. Bottom line, this is in no way wholesale selling as some are trying to make it out to be... $GCGX...
Not a hoax: Nothing ventured, Nothing gained... The crop failed, miserably I might add, but I guess that's why it was a test planting; right? $GCGX...
It's just simple math and the fact that we are even talking about this possibility is the reason why you and I are here; right? We will be manufacturing oil soon and then there is no stopping this train! $GCGX...
It does seem that, with the promotion, someone had some shares to sell. In the last two weeks there have been just over 60 mil shares traded and that is more than usual volume. However, it's not unusual for someone, perhaps even the company, to sell some shares to raise money; in this case it looks as if they raised about a $1,000,000 dollars; does anybody know who paid for the promotion?
Anyway, I don't see this as a bad thing: whoever is selling clearly doesn't intend to tank the price, besides; get those shares out of the way before the really good news hits. Moreover, if the company is raising some money; what do they intend to do with it; perhaps they will buy two more large extractors with that million bucks.
Now, there is plenty of good news coming: I believe the final inspection will get done this week, next week we will receive the Certificate of Occupancy, then we get to turn on the oil spigots and that means we are finally manufacturing... And that my friend is what Global was born to do, manufacture!!!
Bottom line, with 3 CO2 extractors coming online, right out the gate we will be producing 15 liters X $8,000 = $120,000 per day, $3,600,000 per month, and $10,800,000 per quarter. Then when you add $500-600k from Infused, perhaps another $500-600k from Tahoe distribution, if they come online next quarter, then we are looking at, potentially, a $12,000,000 dollar 4th quarter and that is a terrific way to end the year, woohoo! Go $GCGX...
The company is pink and current; what do you think that means? Exactly, 10-K, 10-Q, and the Attorney Letter all filed, all current, and all available on the OTC for all to see... $GCGX...
Again, you're biting the hand that feeds you and stop with all the name calling...
2.75 million shares bought in the first 30 minutes and not a peep! Hmmm! $GCGX.
What gives? One and a quarter million shares bought in the first 10 minutes this morning; great volume! $GCGX
Do you really want to call Buzzy a Madoff?