Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, D, no worries...It does have the potential to reduce the amount of those 200M shares. I'm sure PHOT realizes this is as much a gamble as the rest of us do. Tweed got approved to grow 39,000 lbs. I have no idea what the criteria specifically is but I have read that even they (HC) are weary of issuing a license that large....BUT they did comment on it so it's not completely pulled out of someone's ass.
Regardless, if FITX gets a license, PHOT will have a hand in their brownie jar.
I know that it must trade over $1 for at least a week continuously each quarter or be delisted...
They have to A) Get the license and B) Get approval to grow that much. PHOT gets their bonus at 1M lbs, not 1.3. Even they aren't concerned if they reach 1.3M.
BTW, fun fact MJ is tax deductible as a business expense :)
OK, let's put THIS issue to bed once and for all. Bill has been quoted in multiple articles saying that the goal out of this upcoming space is 5,000 lbs this year generating $20 million in revenue. They plan to build out the rest of the site over the next 5 years as they ramp up production. I don't give a damn what they spouted off at Arcview while they were evading the prying eyes and ears of their competition. $20 million they can reasonably do. $100 million will be a cinch if they can do the first $20... we'll see where they and technology get over the next 5 years and see just how close they come to 1.3 million but RIGHT NOW IT DOESN"T MATTER!
Because THIS will be the first US publicly traded MMJ company on the continent!
That's my feeling on it...
it's a win-win holding both anyways and if anything....nah I can't say that here ;)
I'm no expert but I didn't think pinks could end up on that list...(question, not a statement)
At a minimum, Bill's AJOA Holdings, LLC, Wise Phoenix LLC & Creative Edge Nutrition, Inc. (otherwise known as FITX) have always held stake... the Sept. 2013 annual report says "subsidiary" otherwise known as a company that is completely or partly owned by another corporation that owns more than half of the subsidiary's stock, and which normally acting as a holding corporation which at least partly or (when as) a parent corporation, wholly controls the activities and policies of the daughter corporation.
Yes, that is true... Once they get a license and/or take PHOT's money they will give up a share of their equity and their bottom line. Considering that CEN Biotech was created specifically to chase after this grow license, it is entirely possible that before now Bill and co had a 90% share stake and we still only had 10%.
Who said it was? Do you know what it was before this week? I don't so maybe it's always been 10%. We aren't who I was implying were the real money makers in this company...
New distributor...that could certainly be "news" worthy in the morning...
Bill et all controls about 65% of CEN now. Shareholders have a 10% stake. PHOT has a 25% stake. Deal works out well for the money makers...
373 companies have applied for a license. Last number I saw was 8 have been approved as of this week.
Once the site security cameras are installed, there will be a live feed of the construction site fed to CEN's website
I can only hold my breath that it's cameras going up... I won't allow myself to dream that big yet... No. I won't even entertain that thought yet... THAT WILL BE AN EPIC DAY HERE AT FITX!
All of my realistic expectations are based on this article. If he just accomplishes THIS, this year, we're golden:
http://www.crainsdetroit.com/article/20140112/NEWS/301129975/firm-looks-to-light-up-pot-sales-with-canadian-unit
1 month down, 11 months to go
FITX is still running strong... I'll be surprised if it doesn't touch $0.07 or close tomorrow
Please elaborate...
So your answer is "You don't know either.."
Where, where, where do you think the $12 million to build is coming from? He didn't have it 3 months ago...
I completely agree... I don't care how much Bill makes off of his company or MickeyBlue or whatever his name is or anyone else... At this point, if Bill DOESN'T perform, he will take this whole sector down. Everyone has practically been daisy chained together and it's one for all and all for one... That is why I got back in... If this goes down it takes them all down and I don't see it happening... stumbles, sure... but he'll execute
I don't think he needs more money...He has had $150 - $200 million to cash in on all month. I think he needs Sterling holding a carrot out in front of him
I'm not convinced one way or the other based on the limited information that we have whether FITX can GET a license without PHOT. I'm not comparing share price. I'm comparing needs and means. This partnership has huge potential for PHOT long term and that's how I perceive Mr. Scott to approach his business. This has huge potential for Mr. Chaaban to keep his company from evaporating by Feb. 1st.
It's not the day traders that have ever worried me here, trust that.
FITX couldn't do a R/S at this point to raise the funds from selling their shares cause it would be immediately interpreted as a very bad sign...with 3.5B shares, it's just a typical Friday...
PHOT has a much more stable shareholder base, better reputation, revenue, etc... it's easier for them to withstand and recover from dilution to raise money for this and other projects... They simply have better credit...
Shareholders are footing the bill for all of it on both sides...but as long as they produce it won't matter in the long run
Everyone involved is a FITX shareholder... I'm going to go with since almost everyone involved is an attorney, it's laid out so as not to be a violation...doesn't have to be paraded to the public to be legal...
It'll get pushed through...
Definitely another gapper coming...These last two days have been like rapid fire publicity...more money coming in tomorrow
My take on it?
Don't look behind the curtain but there is a lot of money on the line for Bahige, I mean, Bill and Sterling so I think money will continue to be the driving force here.
Bill gets $40 million+ from getting off his ass and getting this off the ground. Sterling gets $100 million for making Bill rich. It's a win-win all the way around as long as they keep putting one foot in front of the other...
Yeah, I wasn't gonna spell it all out in here... Jim & Roger Shaban are primary shareholders at 1%?? Bill owns 93% of the company...
According to the PR and schooling I got today on the subject, PHOT is already part of that project. There is a PR from August of last year that says they began collaborating on them together. So technically, I believe that means it IS a PHOT product (of sorts)
Tomorrow should set a new solid bar...today should be the last time we'll see 5's all day
If you have a sell order pending, bump it up a penny for tomorrow
People put their money where the touters tell them to...short or long, it drives people to the party
Hell JUST froze over!!! SA just nominated PHOT as it's pick of the sector!
http://seekingalpha.com/article/1982781-why-i-am-getting-giggly-over-growlife-inc?source=kizur_seekingalpha
Tomorrow will be HUGE!!! Ready for kickoff time
http://blogs.windsorstar.com/2014/01/07/company-invests-12-million-to-grow-medical-marijuana-in-lakeshore/1group2/
Lots of interesting information in there...
All the upcoming pharma companies in the next 2 months sound like they are legit biotech companies, not concerned with MJ at all...may take some investigative reporting. I know there have been questions about whether a few pedigreed MMJ companies will seek an IPO but I haven't seen any responses that suggested they were expecting to go down that road in the near future.
I wonder who they are going to turn out to be...Only one in the OTC market even seems like a long shot so they must be private currently.