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Regarding the hedge fund. Who said it was a worth a billion dollars? I'm not saying it's not, but GRN Funds advertised they have 1.15B in assets under management on their website. That includes all of the subsidiaries they own that are soon to be GRN Holding's assets. Nowhere did is say the investment fund was worth that much. And since it's a private fund, we may never know the true value since they are not obligated to provide it. It's disingenuous to ask for details you know are not available to anyone and then present that as proof it doesn't exist. It's just proof you don't know the details. That's it.
Furthermore, what makes you think the fund has to register with the SEC as you've said? There are exemptions for private funds.
https://www.finra.org/investors/learn-to-invest/types-investments/investment-funds
I'm sensing a disturbance in the shorts. lol
Not sure your point. We know they've updated most or all of their websites recently, in preparation for the new company. This is not news.
lol. Desperation? How so? He's actually doing what he said he was going to do. Why do you ignore that a merger is taking place? The shell will have plenty of assets soon. You think the new employees have their head in the sand?
Shell status has less than a week remaining, IMO. Maybe this afternoon or after hours today since they're pushing these PRs out all at once now.
It's coming.
Oh yeah. She's been a GRN backer for a while. MIT grad. LUV IT.
She and her husband are pretty wealthy. I don't think she'd just jump in hoping for a payday. She wants to help build an empire. I love it.
PBC is a trade name (DBA) of parent company PMP, which means they are an operating division of theirs. Of course they will have financials.
I think it's pretty clear that PMP/PBC and Soulshine is what we want to see the financials for. We will, very soon.
Nah. There's only a couple more to complete before they fill the shell. Almost there.
So your answer to my question is to propose more outlandish conspiracy scam theories. Gotcha. Well how about this theory - JC is legit, GRN is legit, his companies are legit and I'm gonna much wealthier soon.
No it is not typical. Show me a pump and dump that is STILL UP after 8 months. Just one. And while we're at it, show me a pump and dump in the history of pump and dumps where the beneficial owner of the company hasn't dumped a single share. That makes no sense. If he didn't sell above $2.00, what is he waiting for then?
Really? Care to provide the text of said conversations? I'll wait.
I think some people forgot why the ticker took off in the first place. JC is well known and well respected in the cannabis community. It would never have gotten past .20 if not. He's done very well for himself. Now, he'll do well for his shareholders. I've no doubt.
Not much longer.
I'm more interested in what he's doing with GRN.
Why? Do you think there's not a reverse merger in process, despite the filings saying there is? Or do you think that Rigworx has no assets? Or are you just thinking since it's been all of 4 months that they're not doing the audits necessary to complete the merger?
There's plenty of evidence that Rigworx has assets. And Disanti sold UNRG for the purpose of an RM to Rigworx. So, subpenny is not on table, IMO. More likely dollars.
Sam would not have gone through the expense just to make zero assets public. Think about it.
Growers will still buy desirable seeds bred for their region, regardless. A supplier is a supplier.
Not accurate. Audits have been done, in connection with a reverse merger takeover, in preparation of filing an s8k. All the necessary steps toward taking over a public shell company are being done. No hiccups anywhere. There is nothing to suggest that this is not progressing as planned and nearing completion. Or that the combined value of the 11 companies will not be considerable, as GRN stated. Go ahead and make jokes. I'll be making my own when I'm up 2000%.
They will do so when they finish all the audits and complete the merger. It a well defined process. How is that not legit?
Bad news? If anyone thought they were buying a drone delivery company with GRNF, then they deserve to lose their shares. I personally hope they chalk up the couple thousand dollars they spent on this as a loss and move on. I'm not saying Drone Squad will never work, but it's meaningless to the bigger picture. Always has been.
I'm pretty sure JC will take a gamble on companies like this here and there. They may win some. Will likely lose many. That's the nature of emerging market investments.
The article writes they intended to TEST the drones by March and work with regulators toward implementing. I don't see where anyone mentioned they'd be operational and revenue producing by March, as you wrote on another post.
What was false and misleading? Their words or yours?
S8K day will certainly be exciting!
110k volume. I feel sleepy.
Geez, it's almost as if people expected Drone Squad to bring any revenue this year. I know I didn't. I think it was always clear that it was a startup and had a ways to go to being viable. That is still the case. None of this affects GRN's core business.
Looks like a great time to pick up some cheapies.
It was on the GRN funds website a while back. But ok, if you think it's only $500M, we'll go with that. I'm not greedy. lol.
It's 600M in deposits last I saw.
And it's merchant financial services and payment processing. Not the same as a retail bank. There are no FDIC insured accts, no savings accts, no physical locations. Are you making correct assumptions about what type of registration or licensing they need? I'm not sure..
Where did you find this arbitrary time limit on when a corrected mistake becomes fraud?
I wouldn't argue with that. A startup can still be valuable and have potential for massive growth. There aren't many companies in the cannabis sector that aren't newish, even less so in the banking aspect. I don't think anyone believes they're buying an established company here.
Can they take market share and become dominate? Maybe. We'll see soon where they are financially and what their goals are.
Maybe Justin, as CEO of a billion dollar enterprise, is a busy man and didn't realize the error on the docs his lawyer gave him to e-sign until it was brought to his attention. To which he promptly corrected the error.
Yeah, that never happens.
So the two year old news links are proof of what? And PBC is affiliated with Cannatrac or Cannacard, if I remember. A search for Canpay in FL may not be much use to us.
Wait. Is that our weed bank? I believe their deposits are 600M now. lol
Here's a fun fact. GRNF is the target of a reverse merger. Not sure you heard. $$$$ coming in soon.
There will absolutely be an increase in AS coming. It's normal and expected. But it's not necessarily dilution. Dilution only occurs when shares are issued without increasing value of the company. If the issuance of shares results in an increase in EPS, then that is accretion, not dilution. Most acquisitions are accretive for shareholders. Meaning short term pain for long term gain. That's how companies, especially new companies in emerging markets, grow. Consider if you issue 100M shares and the market cap increases by 200M as a result of increased profits, what is the downside to that?
Except that the shell is an SEC reporting company. That's why GRN bought them. And paid a premium to do so. GRNF will also follow SEC reporting standards.
What I believe applying to the QB tells me is all the financial audits are done and they've been submitted with the application. It's a requirement. That also means the S8K is imminent and the shell is about to be filled, though the timing is up to GRNF.
They have to have current filings and have audited financials. Pinks don't need that. Also, not bankrupt, and trade above .01.
https://www.otcmarkets.com/files/otcqb_standards.pdf
Why would that affect GRN signing the merger documents or SEC filings?
I actually read that as the merger taking place before the move to QB happens since they require audited financials. Which means both events are happening soon.