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When stating an alleged fact a citation with a link makes you believable.
The rest is noise.
Nope you're 48.89% off TO THE NEGATIVE!
Funny how it's held its price solid while MYDX has dropped 99.57% in the identical period. Hmmmnnnn, do you think that means something?
I wrote you where requested.
Not much gets past you.
https://www.sec.gov/Archives/edgar/data/1165320/000161577416006960/sc13g.htm
Myself
Completely agree, fortunately for me Igot in recently with a 15% OID and an imbedded preferential conversion factor of 50% of VWAP. I'm beginning to wonder if we'll be in trips when my restriction period is up and I convert.
Oh, and just a note FYI, the word you're looking for is regardless, not "irregardless" which is probably a blend of irrespective and regardless. Irregardless is widely heard, perhaps arising under the influence of such perfectly correct forms such as irrespective but should be avoided by careful users of English. Use regardless to mean "without consideration for" or "nevertheless". Just a friendly lesson.
Its a noble cause you've taken on defending a ticker down 99%.
Wrong, and wrong. We're not going up we're going down. Just because a companies home office is in America doesn't mean the parts used in manufacturing are sourced in America.
If you'd dig a little beneath the surface instead of spending most of your time pumping a falling knife you'd find,
1. Parts manufactured by Arrow for MYDX are sourced from Hollyland (China) Electronics Technology Corporation Limited.
2. MYDX has closed red 98% of the days since notes were converted.
3. Zero corporate governance and zero transparency.
GrowBlox first revenues should be reported on Q1 release 3/15/17.
The facility is top of the line with no expenses spared in any area.
John Poss is the real deal with a lifetime history of turning around broken NYSE and NASDAQ companies.
I spent an entire day meeting with every department head and came away more impressed than I ever expected.
Agreed, and the first to admit when I'm wrong. I'm an LP in a VC fund holding 9 million shares and are in the process of securing 3,000,000 plus 3,000,000 warrants myself.
Should see a "nice move off the lows? Didn't happen. Conversions are done until the next round so it's pump time again!
Thats a press release a/k/aa pump. Let's not get the band out yet, from where this was 10 short days ago I'm confident were ALL still underwater, but if we hold at $.230 or close anywhere near the day's high I'd say thats great news and hopefully the note holders conversions are finally done and sold.
Only can offer SOME answers.
Yes, Lucas is still there and quite the impressive young man he is.
Kevin is there too.
I'm really not comfortable discussing much more publicly other than suffice to say I was impressed with the quality and schedule of the build out.
John Poss is the real deal.
They've spared no expense in quality from water to safety.
We should figure some way to speak outside this board.
I'm not upset were going green only a fool would be.
I am simply convinced the "technology" is amateurish at best.
I have 1.2 million shares which I began purchasing around $.07
I've bout at $.05, $.04, $.03, $.02 an d $.0180 with a DCA of $.0361
I'm ecstatic were going green.
But I'm also prepared for another tank and to write off my first ever loss in the canna business in 41 years.
Fortunately for me, I earn enough that the deduction helps me because I'm in the 39.6% tax bracket plus the 2.3% Affordable Care Act sur-tax.
And the outstanding sharesof DigiPat# is 22.1 million FAR less with double the revenue and even more importantly,
1. Way better margins
2. NO notes with ANY IOD's
3. NO notes at 50,60,70,80 or 90% of VWAP
You keep arguing that MYDX which is down 99.8% is a winner.
That's noble of you but anytime you'd like to compare tax returns, net worth or trading profits I'm afraid you'll be embarrassed.
RR My trip to a REAL lab and 2 hours spent with a REAL scientist unfortunately confirmed my final fear about this worthless piece of Chinese manufactured crap. You can't test at any level of quality control for $600.00 I saw 2.5 million dollars of equipment including the $20,000.00 one Yazbeck claims is similar. Sorry, I wish I could say Apples to oranges but it's more like Apples to poisonous berries. I don't have time to argue with amateurs and children on a message board where a big investment to them is 25,000 shares. The 1.2.million shares of this I'm holding represents poker money to me. I'll dump it, take the write off against my low 7 figure or high 6 figure income this year. Bye boys,........
In contrast MYDX has 2 million more outstanding shares and less revenue. Hmmmnnnn, I think I hear the sound of......yes, yes, it's a pump. It was in the distance but now it's right in my face.
Rrrrreally? 22 million OS is dazzling. I'll bet you 100 grand the outdo MYDX revenue by double or more. And I mean real revenue, not note sales.
I meant to mention I recently travelled to Nevada, toured the GBLX facility and met with the entire team. This is no longer Craig Ellins GrowBlox. Craig is a brilliant ideas man who has difficulty bringing his dreams to fruition. Having said that I have deep respect for the man who is a pioneer in this industry. Without the Craig Ellin's of this world there would be NO GrowBlox, TRT# or ANY public company in which the retail investor has an opportunity to invest in this magic plant.
His replacement, current CEO John Poss is a true corporate turn around specialist with experience fixing broken NYSE and NASDAQ companies leading them from the brink to full profitability and beyond.
An understated and impressive CEO and gentleman I can unequivocally state this company will deliver far beyond what it began as.
You'll be hearing great things from them and not as a PR machine but as a large scale fully legally complaint production and science Grow(th) company.
I'm putting my money where my mouth is and I urge all of you to do the same.
The team, board of directors and facility are amazingly impressive considering where they were this time last year. Wasdeafonce I have to hand it to you, you're spot on beyond your wildest dreams.
Last word, BUY MORE, soon!
I'm traveling in Nevada today and spent 2.5 hours at DigiPat#, a state licensed testing facility with 2.5 million dollars of equipment giving quantitative analysis of
CBC - Cannabichromene
CBD
CBIA
CBDV
CBG
CBGA
CBN
CBNA
DELTA 8THC
DELTA 9 THC
THCA
THCV
TERPENOIDS
Alpha-Bisabolol
Alpha-Pinene
Alpha-Terpenine
Beta-Caryophylene
Beta-Eudesmol
Beta-Myercene
Beta-Pinene
Borneol
Camphene
CaryophylleneOxide
Cineol
Citronellol
Delta3Carene
Gamma Terpeninr
Geraniol
Isopulegol
Limonene
Linalool
Nerolidol
Ocimene
p-Cymene
Phytol
Terpinolene
And every pesticide, nutrient and a full Gas and Liquid Spectographic DNA profile of every MJ product known to man.
At the end of 2 and 1/2 hours I asked about MYDX to 2 PhD's who obtained their degrees from UC Berkely in biochemistry with over 20 years experience and holding 18 patents and authored 41 peer reviewed reviewed publications, Dr. Cindy Orser PhD received her undergrad BS in Botany and the aforementioned PhD at UC Berkely and is a tenured professor of biochemistry and bacteriology at U of Iowa who founded Big Sky Biosystems 7 years ago and is now the Chief Science Officer at DigiPat#
I am intimately familiar with the science now and I know exactly what the MYDX will and WON'T do.
It's not in my personal monetary interests to say this but in short order I'm completely unimpressed with this "product" and will be dumping MY million shares and take my loss like a man. I'm DCA'd in at $.0361 and I'll slowly sell in hopes of a bump with some BS, typical pinky PR coming soon to a forward looking statement near you soon.
To the board member who's comment to me was "learn how to trade" I'd like to address that by saying ad hominem attacks are logically fallacious, add NO value to the conversation and prove the adage everyone's got an opinion, they're like a##ho##s. Secondly, meet me anywhere including on Skype and let's show our hands, I'll show you 15 million dollars in trading profits with this potentially being my first loss, what are you going to show?
Of course they can't control when note holders convert but they can help stabilize their price by,
1. NOT selling notes to multiple investors on the same date with the same restriction release date
2. NOT selling notes with 15% or HIGHER OID's.
3. NOT selling notes with preferentially imbedded HIGH profit GUARANTEES of 50% of VWAP.
I've owned notes in OTC MJ companies where there's an unspoken bond between note holder and the company so that when conversion date arrives everyone doesn't crash the gates creating exactly what we have here, a dumping of previously unregistered shares on the market upping the float by 37.5% in a few short weeks.
Ever heard of death spiral toxic financing?
That's the definition of it.
Ever heard the law of supply and demand?
Sheeeesh, smh.
IF I do of course I will. Let's hope it makes sense to excercise that option. As I see it there are 4 potential catalysts for GBLX to fly,
1. Positive outcome on the rec vote.
2. PR's with pix of a completed facility with little baby magic plants beginning their 80-90 day journey.
3. The 10Q or PR announcing the harvest of their first crop and,
4. The 10Q announcing the proceeds in dollars of the sale of their first crop moving them from "pre-revenue" to major player.
If they fail at any of 2 through 4 I'll lose money.
If all 4 come to fruition it should be a 10 bagger or more on the stock and a 3 and 1/2 to 4 bigger on the warrants.
The real winner here (like always) is David. He buys a building for 3.9 million using at most $900,000.00, with debt service on the $3,000,000.00 balance of $15,000.00 a month including property taxes, gets 2,000,000 shares and $200,000.00 a month rent in return. If GBLX fails in any way, he sells the shares at minimum for $600,000.00 which covers 2/3rds of his DP and either finds another licensed producer to supply the mammoth returns OR at worst he adds this building on TECO to his existing $50,000,000.00 commercial property portfolio and probably gets a regular 10-12% ROI with tremendous tax advantages in the depreciation of the property.
They are. They're holding 20 +/- positions, 1/2 (in $$ terms) in publicly traded companies, and 1/2 in series A or B private venture capital deals. This position is play money for them, it either hits big in which case it has a small positive effect on their bottom line or it tanks and it's a write off against some huge gains made in the Tel Aviv, FTSE and other foreign exchanges and the whale returns the private venture capital investments have done so far.
Keep looking because it's been like finding a needle in a haystack Hey, russianredneck, WTF am I supposed to do with 1.25 million shares of this crap. I'm not kidding, any suggestions? I , like you,I detest the tactics and bad karmic moves and motives of stinky pinky CEO's. I was in LA the other day meeting up with a large grower friend from Humboldt. In discussing the OTC markets public company aggression into what has historically been a handshake, hippie like, trustworthy good karma business he said this to me: whenever our magic plants old school values cross over with pink "entrepreneurs" your going to get some stink on you, the question is have you waded in too deeply to not be able to easily wipe it off" So, do I learn my lesson and sit on these shares until December 31st, or do I buy another million or two at which point I'll be forced to file public disclosure (13D) in which case whatever noise I make will have to be heard?
WRONG, THE MOST IMPORTANT thing foror in running a business is creating value for your partners, the debt and share holders and he's lousy at doing that. Scam artists are GREAT at making their voice sound like they're into what they're doing and that's because they are, they're into the scam. I'm sorry but I'm with the russianredneck- the market has spoken, DOWN 99% in a year. At this point I'm holding 10 grand of stock that cost 19 grand. I'm financially sound enough that it's actually worth it to me to hold as if it goes to trips I need the capital loss for the deduction, if it gets past $.0365 I'll break even or make a few bucks. Will be my first Canna biz loss since on ANY individual deal since the late 70's.
T-trade
Wasn't going for scare, just passing along the info relevant to GBLX and Nevada. Patrick Kennedy has SAM way off the deep end almost in tin foil hat territory.
btw, my bad on the Lazarus filing Thanks for pointing it out. I'm becoming an LP with them, I like their style. It's a $500,000.00 minimum buy in but they've averaged a 34% return net of fees since inception.
No. I would never disrespect ANYONE whether I like them or not with ad hominem attacks. I've been at this game a long time, I show respect because I ask for it and my reputation is impeccable as well as being a strait shooter.
Those are opinion blogs, not saying I agree or disagree with themI bring up Kleiman because whether you like him or not he's a public policy Proffesor specializing in this arena and the states are calling on him to write the laws.
I know that, who do you think one of the 21 was?
Didn't happen...... I got the last fill of the day. My order was for 75,000 @ $.0236 - I got 50,000 filled at $.0236 - so now I'm down to a DCA price of $.0365 but I own 550,000 shares. Anyone know the float? If Idouble down I'm going to be getting near disclosure levels.
RussianRedneck HAS a point, actually numerous ones.
1. The board quitting
2. The bs PR about "paying off the notes" (at 90% APR!)
3. The technology, I've said I've been skeptical since day one. I'll be the first to admit I don't have the background to fully understand the technology. With that being said for you to compare it to something that NASA is using gets my spider senses tingling and frankly sounds ludicrous. When NASA develops a SPACE TECHNOLOGY they don't hand it away for free to some medical marijuana pink stock CEO.
4. The most important thing is the price. 3-4 weeks ago we had a $.14 cent stock and now everyone except the last guy in is upside down, WAY upside down. So the question becomes is the technology what Darth says and we average down, or is it what RR says and were trying to catch a falling knife. I'm inclined to believe the latter so now I've got 1/2 million shares at $.0375 and I'm down 4-7 grand on any given day with no hope in sight.
Check that, got filled at $.026 now I'm in for 477,000 shares.
Now I'M on restriction
I'd been flipping it as I'm not convinced of the "technology" and even if it does what's advertised I'm not happy with the price point. Furthermore the deception by the CEO really disturbed me, i.e, saying he was going to pay off the notes, AT 90% APR then not doing so leaving retail stockholders holding the bag. Lastly the notes themselves, high OID's and deeply discounted preferential imbedded conversion terms of 50% at VWAP.So I tried to flip one more time trying to anticipate the lowest conversion price and I missed, so now I'm in this with you guys. Bought at $.0675, then again at $.0575, $.0475, $.0375 and finally at $.03. I'm holding about 300,000 shares and I'm not particularly happy about it but I've made a small fortune being the financier of other MMJ/MJ OTC companies so at worse case another tax deduction always helps. At best case this thing will run a little again.
It sure is, I suggest reading everything Mark Kleiman has to say.
http://cannabis-summit.org
http://www.pbs.org/wgbh/pages/frontline/shows/dope/interviews/kleiman.html
https://www.themarshallproject.org/2015/03/09/the-state-of-marijuana#.Zu8C8XVLw
http://www.rehabs.com/pro-talk-articles/cannabis-has-medical-value-but-medical-marijuana-is-a-fraud/
And there's plenty more, simply Google his name with MMJ, MJ or marijuana after it, he's a prolific author and expert on MJ and public policy.
I would think after 10 business days averaging 700,000 shares a day the 2.5 million have been converted and sold. Here's your new bottom, even lower then I predicted.