My posts are designed to promote discussion, seek validation, convey facts, and share relevant resources.
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Short sales were 56% of daily volume.
Short Volume 151,242
Total Volume 270,431
http://regsho.finra.org/regsho-Index.html
Short Sales 08.01.14
Short Volume 2,946,837
Daily Volume 14,804,144
Percent .20
http://regsho.finra.org/regsho-Index.html
Stephen, in his role as CEO, has stated they do not dilute. This is a current and future statement of fact. Until someone proves that American Green has diluted since Stephen became CEO, his word stands.
I am rather sick of reading repetitive posts that drudge up historical actions, perceived as negative, especially when the sole purpose is to drive the PPS down for the benefit of shorters' portfolios, and detriment of portfolios of all serious investors.
Reputable brokers do not loan shares to OTC retail investors. We know short sales are a chronic problem on the OTC, the SEC knows it is a problem, the sector CEOs know it is a problem. I have not read anything that implies anyone is going to address this problem with the SEC or Congress or FINRA. It is what it is until people fight for positive change.
The OTC is a platform for start up businesses. Many have billion dollar share structures while in Pink Sheet status. Choosing to buy shares from these companies is choosing to assume risk. It is simply not appropriate to complain about the conditions after you make your choice.
Areas of improvement for the company include a focus on shareholder value, an IR contact that can field questions immediately rather than let them fester on message boards.
A final observation is related to the chronic over analysis as to why the PPS is dropping. It's the short sales, day trading, July slowdown on the OTC. Today, the Dow fell 317 points, erasing all of its gains for the year. The S&P 500 and Nasdaq fell sharply as well, each down about 2%. They gave back all the gains they had made in July. There is a bigger picture.
People, get away from message board and enjoy the great outdoors when times are slow. Let the company grow!
Everyone is waiting for the U.S. Senate to follow the lead of the U.S. House in ensuring the DOJ stays out of state cannabis business. They are watching Colorado's recreational law intently. The DOJ could and would raid a business they believe is not focused on THEIR eight conditions as defined in their 2013 memorandum.
Patent Valuation
Ed will advise us of the patent's value. His recent FB Q&A includes the that line of questioning (see below excerpt from stickied post).
Q. Will estimated value of the patent and check engine be added to financials with the release of the audit, or shortly after?
A. We have been working on this issue. We will likely value the asset with a very conservative value.
Short sale data jumps on news. Anyone surprised?
Today
Short Volume 356,077
Daily Volume 727,596
Percent 49
Tuesday
Short Volume 276,764
Daily Volume 882,167
Percent 31
Monday
Short Volume 504,945
Daily Volume 1,492,121
Percent 33
Short Sale Data 07.30.14
Short Volume 7,867,363
Total Volume 34,109,518
Percent 23
Many sector stocks average 25% per day.
I've been following this board daily.
My understanding is the S-3 withdrawal happened because of the amount of time and manpower involved in the process, that TRTC found alternative sources of capital. Until your theory is upheld by the company, I will go with my views and the views of posters who are close to the company.
The recent Form 4 filings contain the code letter V which indicates the transactions were voluntarily reported earlier than required. In this scenario, I prefer to wait until TRTC's Q2 reports are available for analysis and my decision making. Additionally, Sleek and others provided appropriate interpretation of the purpose behind these filings. I personally have no problem with the transfer/gifting of shares that equals a net change of 0.
As for an assumed bonus, the Form D language reads as follows:
"Issued as compensation for services rendered to the Issuer or a bonus, as the case may be."
These are very hardworking people with exceptional skills. If they prefer shares to salary or bonuses while forming their new business ventures, I am okay with that!
The Nevada MME applications are in the name of Medifarm, the wholly owned subsidiary of TRTC. Amy Almsteir is not listed as a member of the LLC on the form submitted to Clark County. She may be the person who submitted forms within her corporate role(s) of Secretary/Treasurer of TRTC (Medifarm's owner). That is a non-issue for me.
As for Derek's heritage, who really cares if he chooses his ethnic name or the name his father chose to use for his family? It has no bearing on the PPS, the financials, the business plans, etc. Names are irrelevant to this shareholder!
In closing, it would be appreciated if you speak for yourself alone rather than use the term "shareholders" as if you represent everyone. I sit within that "everyone" group and do not want anyone distorting my views.
Thanks!
"Coming this week" is new to me. The content is otherwise similar, yet layout seems slightly different.
I stopped checking the Play Store and added my email so I know when it's available.
Friday's Short Volume was 39%
Short Volume 345,184
Total Volume 884,548
http://regsho.finra.org/regsho-Index.html
Superstar Uplisters Board
http://investorshub.advfn.com/Superstar-Uplisters-13018
The intro contains a table of companies that uplisted from Pink/OTCBB to Nasdaq/NYSE from 2008 to 2012. The postings are current.
High Time: An Editorial Series on Marijuana Legalization
http://www.nytimes.com/interactive/2014/07/27/opinion/sunday/high-time-marijuana-legalization.html?op-nav
Daily short sale volumes are available from: http://regsho.finra.org/regsho-Index.html
Scroll down to ORF header to find OTC tickers.
July 1-25 Totals
Short Sales 78,063,669
Volume 312,439,905
Percent Shorted 24.99%
I always appreciate your posts :)
"Just protect your credibility along the way."
The 10k indicates additional patents related to GrowBLOX technology may be requested.
It appears one patent is pending. Both trademarks are registered to GrowOpp.
"Aerovapor is trademarked by GrowOpp LLC. who produces MediGrow for PHOT"
Above statement is an excerpt from http://cannabissativa.co/companies/growblox-sciences-inc
Does this mean PHO* has a competitive product to GrowBLOX? Are they similar or significantly different?
Thanks for your perspective and "research assistance" :)
We agree that "pioneering" is a bit of a stretch. I could not find a patent reference either.
I am not finding validation that an enclosed grow container for two plants is necessary to ensure pharma-grade cannabis.
Look at the Feds facility at Ole' Miss. They grow the plants for approved researchers on a 12-acre farm. The processing of plants/oil is likely done in cleaner environments. After processing plants, they store product in a steel vault.
http://www.latimes.com/nation/la-na-pot-monopoly-20140529-story.html#page=1
I am not convinced the FDA will be setting higher grow standards than those they have in place for themselves.
If GBLX wants to manufacture large numbers of the GrowBLOX for their expected cultivation facility, they absorb these costs. If they want to market the GrowBLOX, they will need to prove concept and value. I don't see how they can begin this process in America if they are not approved for medical research. Maybe they are doing this out of the country?
Their recent 10k states they expect to have the units in a cultivation facility January 2015. Nevada jurisdictional licenses will take time to issue upon receipt of the State Conditional MME Certificate of Registration (early November 2014). The licensing process may include building inspections, as usual, so 2015 is the earliest for any Nevada growers.
"The Company has made substantial headway in becoming a biotechnology leader in the legal cannabis space over the last few months which has given Lazarus the confidence to increase their investment at a much higher price."
I need specifics. Exactly what have they done to set themselves above the teams that have been researching and developing cannabis solutions for years?
The reference to "spiritual CEO" speaks to his capacity to recognize important qualities in today's leaders.
Here's a quote from the linked article:
"Interestingly enough, the fact remains that the most successful leaders in industry and elsewhere have all had a strong spiritual foundation on which their successes were built."
http://www.leader-values.com/article.php?aid=296
"For our biopharmaceutical product development, we will employ a two-phase strategy. Initially, we will use an accelerated near-term "virtual pharma" strategy to fast-track treatments to market. The method, in partnership with respected, independent contract research organizations, would include exploring existing cannabinoid patents with promising product prototypes, receiving licensing for selected product prototypes and testing through human trial phases for FDA approval, and co-developing the resulting drugs/treatments for marketing and sale. This accelerated phase would shorten the anticipated time from 15 years/$1 billion to an estimated 3.5 years/$7-20 million."
Source: 10K filed June 27, 2014
Subsidiaries
GB Sciences Florida LLC filed April 30, 2014
Managing Members: Craig Ellins and Steve Weldon
GB Sciences New Jersey LLC filed April 2014
GB Sciences Nevada LLC filed April 9, 2014
Managing Members: Craig Ellins (55%) and GBS Nevada Partners LLC (James D. Hammer 8%, Bruce I Familian 8%, John S. Beuchat 8%, Barry R. Moore 8%, James Meservey 8%, Michael Viellion 5%)
GB Sciences Puerto Rico, Inc. - No records found at: https://prcorpfiling.f1hst.com/CorporationSearch.aspx
Source: 10K filed June 27, 2014 and Clark County Permit Applicant Form
Asset Purchase
On March 13, 2014, the Company, entered into a definitive agreement with Mr. Craig Ellins for the acquisition of assets The Assets include:
• a provisional patent application
• concepts associated with the Mr. Ellins or his associates
• trademarks
• business plans
• investor presentations and histories
• websites
• trade secrets including without limitation trade secrets involving nutrient mixes
• drawings and digital artwork
• raw materials
• production equipment and related assets including without limitation electrical equipment, plastic molds and internal parts
• proof-of-concept equipment
• URL’s
In exchange for the Assets, the Company agreed to issue 12,500,000 restricted shares of the Company’s common stock. Of the total number of shares to be issued, 4,500,000 were issued upon the signing of the Agreement. The remainder of the shares will be issued upon reaching certain milestones. The shares were issued pursuant to the exemption from registration set forth in Section 4(2) of the Securities Act of 1933
The above information is an excerpt from the 10K submitted June 27, 2014 for period ending March 31, 2014.
I would like to know the true genesis of the technology and how Craig Ellins became the owner of same.
Website is not new--just redesigned. It was created under the Grow Opp name on 04/05/14. It is registered to Amy Black at 6500 Bullring Lane, Las Vegas.
"Request for Vending Machine Decals" image was tweeted by American Green on June 23, 2014. I hope no one has to drive there just for an image. Maybe Greg Honan can further confirm with a photo on his Herbal Elements Twitter account.
https://pbs.twimg.com/media/Bqy8ccJCIAAkUL8.jpg
I am very happy to read that you performed your own due diligence by visiting Herbal Elements, and engaged in conversation with people who have knowledge of the new entity, American Green.
Many people have waited a very long time to see their visions become real. I hope ERBB helps you retire early, and check everything off your bucket list :)
Those are not my words.
American Green has never scammed investors.
You're living in whatever past you want to see. It simply is not related to the present and future plans.
See a phoenix rising from the ashes. It's a perfect analogy.
You deliberately misconstrued his words. I posted it for people who want to hear from Stephen.
There was no intent to deceive.
If you don't like the business, leave the board.
ALL ERBB INTERVIEWS ARE NOT DELETED OR MADE PRIVATE.
On YouTube, use any of the following keywords: American Green, Stephen Shearin, ZaZZZ, Tranzbyte, Doctors Orders
Debentures
Here is the video in which Stephen discusses the debenture rumor so prevalent on this board:
Me either :(
Customer Screen
To get started, you’ll be able to download the MJ-Pay app from Google Play,
Merchant Screen
To get started, just download the MJ-Pay app from Android Play.
Seems they would use the same downloadable app?
R-E-V-E-N-U-E
was my answer to your question "How will they pay for all this?".
Today's press release indicates revenue is rising and will continue to rise.
The future is very bright for ERBB shareholders :)
Thanks...didn't realize he made that comment in the Comments section.
Ed's June 13 FB post states media strategy will commence in July coincident with launch of payment apps.
R-E-V-E-N-U-E
The good news is they solved the unforeseen issue(s) and have moved on.
Your post is a reminder of the nature and purpose of the OTC Pink venture stage.
Rather than express hostility or resentment, the naysayers ought to show Stephen how to do it the right way. Take a brilliant concept and prove it can become a steady source of revenue that results in dividends for loyal shareholders.
Anyone can take a stab at it and fail or succeed. The fact this company is alive and progressing is a testament to their fortitude.
American Green is achieving their American Dream.
LOL :)
My Ministry of Truth is mine alone. I at the beginning of each statement means I own my truth. I am not ordering others to believe my truth.
New Listing Criteria for The Marijuana Index (Effective May 20, 2014)
Demonstrated business interests within the marijuana, medical marijuana, hemp, or cannabis industry, either through revenue, management, customers, products, services, or publicly-announced business plans or stated intentions
(I didn't bother to copy/paste the other criteria as they aren't relevant to the topic.)
I believe the cannabis movement is based on beliefs that cannabis is a healthy product.
I believe Stephen is a credible speaker regardless of what he eats, drinks, smokes or vapes each day.
I believe the statements in American Green's Press Releases.
I believe there is no shell company. The OTC Company Profile lists former entity names and dates. American Green is a revenue producing business with products on the market today.
I believe the video on American Green's Twitter feed portrays a real Zazzz machine in a real dispensary, that is accepting real cash, is validating a real Driver's License, and is dispensing a real product.
I believe American Green has never demonstrated an interest in scamming its investors.
My Disclosure Statement:
I am a mature adult that hasn't used cannabis in decades. I have real common sense. I am holding my investment with American Green.