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Did you read up on anything? Just curious.
That is good news...thanks for keeping up on it!
The liquidity trap is deafening here. Not enough shares to trade currently. They have to issue $13 Million in stock(apparently)...but that will just go to safe...so?
Going to have to lay the pitch for this to go up......or hope that some will dump and give up :) Would like to play this again.
Hypur being pitched again! ...:
Arizona payments processor to serve hemp, CBD businesses
Published 3 mins ago | By Nick Thomas
While other banks and payment processors are stepping back, Hypur, an Arizona-based payments processor, has launched services to serve hemp and CBD merchants throughout the United States.
Elavon, a U.S. Bank payments solution subsidiary, recently announced it would withdraw its services to the sector because of concerns over federal regulations.
Other payment processing companies such as Square and Stripe have also halted their services.
These moves have taken place despite the passage of the 2018 Farm Bill in December, which removed hemp from the Controlled Substances Act.
Hypur CEO Christopher Galvin said in a news release that the company will “fill the void left by failed payment solutions for the hemp industry.”
Hemp and CBD merchants will be able to accept payments and to make them through Hypur.
In the past, the industry has had to largely resort to offshore solutions, which can be expensive and slow.
https://hempindustrydaily.com/arizona-payments-processor-to-serve-hemp-cbd-businesses/
I actually read that a few days ago on a different site
If you read my posts...you'll figure it out. I'm trying to watch hockey currently. I'll fill you in after.......if I'm not too over the cuff'(if you know what I mean..;).
!CGDK has $710K in BLPG debt....and Hypur Inc has $350k in BLPG debt. That equates to a little over $1 Million in related party debt at this time for those two entities. Again....if you can not figure this out...just get out of the damn game!!
Cristopher E Galvin and Doyle Knudson
Ha!!!!
Now factor in Hypur Ventures....people are so damn blind out there.....truly amazing.
!The die has been cast....and if you can't see such....you are blind as a bat!!!!!!!!!!!!!!!! They fixed the clerical mistake related/non-related notes in the main body. They still have mistakes in the subsequent section. And...that bizarre Oct 17 note is still out there...? What's puzzling is that they threw good money at it this time around to preserve it until May 19th. $150k interest on $150k principal. I get why the lender would want that given the conversion discount. It also seems evident that they do not want it converted.....so apparently....they wish to just pay it off with new money.
If you followed my math here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144866281
You should notice I left out that Oct 17 note ...because it should have been gone. With that said....excluding such..the numbers work out. To expand on such...there aint' nothing left!
I do not expect that strange Oct note to convert at this time....it would make zero sense...and expect such to be paid off. Just like they paid the interest off. I do not understand why they deferred such..........there must be a reason though.
Like I said......it's all about Hpur Inc and crew........and if you can not see what is happening..too bad
On October 29, 2018, the Company borrowed $100,000 from Hypur Inc., which is a related party. The loan is due and payable on January 28, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note.The principal balance owed on this loan at December 31, 2018 was $100,000.
On November 21, 2018, the Company borrowed $70,000 from Hypur Inc., which is a related party. The loan is due and payable on February 19, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note. The principal balance owed on this loan at December 31, 2018 was $70,000.
On November 26, 2018, the Company borrowed $75,000 from Hypur Inc., which is a related party. The loan is due and payable on February 24, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note. The principal balance owed on this loan at December 31, 2018 was $75,000.
Yep....good people here:
"I am extremely proud to work with each of you and am continually amazed at just how capable each of you are in handling your assignments and yourselves. Continue your focus towards customer service and professionalism! You are the organization. With your continued dedication, we will remain the industry leader.
My sincere appreciation!
Ricky G. Bennett
Chief Operations & Compliance Officer"
I really think that only a few understand the direction here. That's a good thing though...eh?
Per that "memo"......:
"In the states other than Colorado, we are focusing our entry into these markets on the armored transport and cash processing line of the business."
They have been working on such....Daniel still has his claim(Nov 2015) for money owed that is disputed. ;) ... He filed before Deparini(old CFO ..crap) by two Months......Deparini's was closed in August of 17.
Hopefully this Company ..when they report...will show a sharp decline in Guard Services Revenue....and on a strongly positive note...static/growing Transport and Currency Revenue growth.
:) It has to fit with others.
Today was the deadline after the NT filing. They have never missed such....EVER. The last time was 2016..but an 8-k was filed explaining such before the deadline...followed by 10-k/a's.
It is very interesting to say the least.
Blue Line does not exist without Hypur. It's just that simple. They can not scale like Hypur...and can not grow without Hypur.
Ohio is the latest example of these two Companies play together:
Enter Hypur in January:
Wright-Patt Credit Union Selects Hypur as Their Cannabis Banking Technology Partner
Enter Blue Line in March:
Blue Line Protection Group Inc - OH joins forces with Wright-Patt Credit Union
I am here for only one reason.....the Hypur connection(espec.. Galvin...BLPG Chairman). The only way for the creditors to get their investment out of Blue Line et al is....? Get it.
Filing should be out tomorrow(deadline)....then the rest of the crap can be flushed out(what very little there is). Pretty sure all was on hold due to the NT filing. Consolidate...then the big moves happen with regards to changes..and upward share movement. The term "In May...walk away" .... will not apply here...eh?
Important information:
Making Banking Easier
By Admin -
April 11, 2019
“Hypur aims to have at least one Bank or Credit Union client in each market with a State legal cannabis program by the end of 2019.”
https://banking.mytechmag.com/vendor/2019/hypur.html
Yes....and $5 million going into Hypur Inc. Hypur has had over $15 Million invested into it as of Jan 18. Most of it cam from their own pockets...and also :
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001641485
Hypur has 1/3 of all the cannabis banking business per Tyler Beuerlein and is now entering California. They also turn down many financial institutions because they do not meet their strict criteria per Cristopher Galvin.
You wouldn't believe how many transactions they do a Month.....but listen here to get an idea:
OMOLIVES Monday, 04/01/19 09:07:52 PM
Post # of 1669
!!This is a rare interview with Cristopher E. Galvin(our Chairman). He does not do interviews......so this is rare. It was taken last year when he was appointed Chairman. Even if you are not playing this ticker.....you need to listen to this if you are in this space or playing this space.
https://player.fm/series/investing-in-cannabis/christopher-galvin-of-hypur
Never throw good money at bad money. Never ever! Same as when you hear about a stock buyback scheme. It's bull and only meant for fluf.
The extinguishment of all unrelated third party debt... which is at hand now. Specific combination of any said entities is undetermined but a given. Refer here as example:
CFO Tahira Rehmatullah Explains How Her Cannabis Company Listed on the NASDAQ
January 24, 2019 at 12:39 pm
Brandon David of Investing in Cannabis interviewed Tahira Rehmatullah, managing director of Hypur Ventures and CFO of MTech Acquisition (NASDAQ: MTEC), which is merging with MJ Freeway. Hypur Ventures is a venture capital fund dedicated to investing in ancillary businesses that operate in the legal cannabis industry. It currently has nine investments, ranging from business intelligence to brands and media. One of the recent additions to the Hypur Ventures portfolio is Leafwire, a networking platform that fills a key gap in the market by connecting investors with cannabis businesses.
MTech is a SPAC (special purpose acquisition company) that raised $57.5 million in January 2018 and went public through an IPO on the NASDAQ. As an ancillary business, going public on the NASDAQ rather than listing in Canada allows for broader access to US institutional and retail investors who want exposure to the cannabis industry without the risks associated with federally illegal cultivation.
https://www.newcannabisventures.com/cfo-tahira-rehmatullah-explains-how-her-cannabis-company-listed-on-the-nasdaq/
New Hypur Ventures II team:
https://hypurventures.com/team/
!This is the first funds portfolio. Willie's was sold to High Times(I believe)...and Dope was also sold. Just so you are aware...the first fund was only "ancillary" investments. in other words..no touching plants. The new fund will invest over the entire market.
https://web.archive.org/web/20190116104509/https://hypurventures.com/portfolio/
There is no 1.4 Million dollar note. There are two types of debt here....related and unrelated. The related debt is held by CDGK, Hypur Ventures...and Hypur Inc. No unrelated third party debt has been issued(notes) since April of 2018.
The unrelated debt is almost gone...completely.
The related debt would only be converted at time of merger..etc. That debt does not go into the market to be sold.
Hypur Ventures also has 20 Million in preferred stock. Everyone chiming around here has absolutely no idea what is going on with these several entities. The consolidation will happen when all unrelated third party debt is cleared.....which is any day now. After such...there will never be anymore debt pressure forcing a downward share price movement.
Start here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144866281
There is an issue though with an old note from 2017.....of course it's gone now...but the numbers are skewed slightly. There is essentially no crap debt left....period! That is why this play currently has limited and soon to be nil downward pressure. It has taken an entire year to get rid of such. The last unrelated third party note issued was in April of 2018.
I am very tempered with my numbers......
No....the notes you are referring to are "related" Hypur and CGDK notes. The dilutive notes have been exhausted. Dilutive unrelated short term debt is at it's forever end here. The related notes are tainted with a .05 and higher(including warrants) conversion factor.
Refer to my past talking points regarding such. The related notes are not for conversion and sale into the market. They are solely based on ownership ...be it... exit position.
This entity is set for non downward pressure from short term debt. It's been a long wait.....and now it's here...almost :)
Yes...it followed this one(where Hypur goes...Blue Line goes):
Wright-Patt Credit Union Selects Hypur as Their Cannabis Banking Technology Partner
One of the largest credit unions in the United States chooses Hypur as its cannabis banking technology provider.
News provided by
Hypur Inc.
Jan 10, 2019, 15:17 ET
https://www.prnewswire.com/news-releases/wright-patt-credit-union-selects-hypur-as-their-cannabis-banking-technology-partner-300776423.html
!!Pay attention and understand that Hypur Inc is Blue Line's General Partner ....look here:
https://regulatory-technology.bankingciooutlook.com/vendor/hypur-taking-businesses-beyond-regulatory-tightrope-cid-330-mid-43.html
That is when the relationship started. It was followed by Doyle Knudson's appointment to the board after the first investment via CGDK llc. You should understand that CG stands for Cristopher Galvin and DK stands for Doyle Knudson. The point I am trying to make here is that this Company is the reason Hypur Inc exists today. It is also why Cristopher Galvin was appointed Chairman of the Board for Blue Line in January of 2018.
The third party unrelated convertible debt is almost completely wiped clean for good. This Company hasn't issued any of those type of notes for over a year. It has been only CGDK llc and Hypur Ventures(first fund). The first Hypur ventures fund went on to raise a $50 Million IPO called Mtech Acquisitons. This is the new, second fund and it has a cap of $500 Million.
The General Partner expects the Fund’s first round to close on or before April 15, 2019 at $25 million, with an additional $100 million closing on or before October 30, 2019. The maximum size of the Fund is $500 million. The General Partner anticipates the balance of investments in the Fund’s limited partnership interests will close pursuant to investments by institutional investors by mid-2020.
The Fund’s investment categories will include cultivation, distribution, retail, genetics, technology and brands with a focus on top tier operators and synergistic views in key markets. The team’s deep experience will also enable portfolio companies to quickly identify and execute on opportunities throughout the country and promising international markets, enhancing value throughout the portfolio and/or creating opportunities through public vehicles and M&A.
Yes......you have a question?
There will definitely be some form of that here. Refer here:
Venture capital group announces the launch of its new fund, Hypur Ventures II, that will invest up to $500MM into the legal cannabis industry
SCOTTSDALE, AZ / ACCESSWIRE / March 28, 2019 / HypurVentures, a leading venture capital fund dedicated to investing in the legal cannabis industry, announced the launch of its new fund,Hypur Ventures II. The fund is managed by Hypur Ventures II GP, LLC whose members have been operating and investing in the legal cannabis industry since 2012.
Leveraging its extensive industry experience, Hypur Ventures II will invest across the complex cannabis and hemp supply chain. The objective of Hypur Ventures II is to strategically enhance value through investments in well-managed, revenue-generating businesses. A portion of the Hypur Ventures II portfolio will focus on mergers, acquisitions and rollup opportunities. Hypur Ventures II plans to invest in private companies with seasoned operators to provide growth and acquisition capital for initiatives at various stages of maturity. Fund investments may range between $1 million to $25 million. The maximum size of Hypur Ventures II will be $500 million.
https://www.apnews.com/1ed46363ee1e73f83777d01300bcd197
Chart wise...coking coal futures look like a break out. News is mostly pitchn' negative in this space though. So it goes ..eh?
It now becomes a playable trade... again. Be patient..eh?
!!!Confirmation that Blue Line is expanding to another state this year.
"We are continuing to evaluate both new security and transport opportunities in Colorado and the previously mentioned states. Further, we are in the planning phases of expansion into an additional state this year."
"Due to our expansions and coupled with competing for business opportunities, a business decision was made to restructure the organization. Specifically, the decision was made to flatten the organization and to focus on expanding business markets into additional states."
This came from an internal Company memo. I copied it.....but don't want to put it out there entirely. The Company left the back door open and it just so happens to be out there on the world wide web.
.... more ..
Terrasana becomes first dispensary in the state to make cashless payments available to patients
Posted: 8:40 AM, Apr 09, 2019
https://www.news5cleveland.com/news/e-team/terrasana-becomes-first-dispensary-in-the-state-to-make-cashless-payments-available-to-patients
!Hypur in the news again! ... :
Pot Fintechs Hope House Bill Helps Make Banking Easier
Posted April 4, 2019, 5:31 AM
exctracted-
Cash to Digital
Most cannabis transactions are in cash. The same is true of payroll, tax payment and purchasing.
If enacted, the SAFE Banking Act would allow cannabis companies to switch their payment processing to electronic payments via credit and debit cards, with direct deposits into bank accounts. That could be achieved with a simple hardware attachment to a point-of-sale machine, Curren said.
He projects a significant chunk of cash could shift to electronic payments if the bill were enacted. His estimate is based on consumer trends in traditional retail payments, where more than 60 percent of transactions occur via credit or debit cards.
“By enabling that, you can imagine like 60 percent of that $3 billion dollars will now move to something electronic and then move into bank accounts rather than cash on the street,” Curren said.
Increased Interest
Many financial institutions and companies that want to do business with the cannabis industry are waiting and watching the bill’s progress.
In the last six to eight months, Hypur, another fintech payments and compliance platform for helping financial institutions work with dispensaries, has seen “a real uptick in terms of interest from financial institutions that are very eager to enter this market,” said John Vardaman, Hypur’s general counsel.
“Obviously everybody’s watching what happens on the Hill,” he said.
Vardaman, a former Justice Department attorney, helped write 2014 guidance to federal prosecutors on limiting cannabis-related money-laundering cases against financial institutions in states where the drug is legal.
Former Attorney General Jeff Sessions rescinded the memo in January 2018, raising additional regulatory concerns for companies engaging the cannabis sector.
The SAFE Banking act won’t address every issue for the financial services industry, but it would resolve “the most fundamental issue” of legal jeopardy financial institutions can find themselves in just for trying to bank the cannabis industry, Vardaman said.
“There are a lot of details that need to be filled out in terms of implementation, but that would constitute a significant improvement on what we have now,” he said.
https://news.bloomberglaw.com/banking-law/pot-fintechs-hope-house-bill-helps-make-banking-easier
....;) ..... look how it fits:
https://www.herbl.com/services/
I'm glad you understand!....here you go:
https://www.prnewswire.com/news-releases/hypur-launches-in-california-solving-the-cannabis-payments-conundrum-300824961.html
SCOTTSDALE, Ariz., April 4, 2019 /PRNewswire/ -- Hypur Inc." (Hypur) announced that its electronic payment technology will now be accepted statewide in California for marijuana-related businesses (MRBs) and consumers of cannabis products. While other payments schemes have come and gone, beginning next week, marijuana-related businesses throughout California will be able to accept electronic payments with Hypur, as well as request payments from suppliers. Hypur makes it easier and more secure to conduct marijuana-related transactions."
Until the share consolidation. It's in the filing(10Q).
!!This is a rare interview with Cristopher E. Galvin(our Chairman). He does not do interviews......so this is rare. It was taken last year when he was appointed Chairman. Even if you are not playing this ticker.....you need to listen to this if you are in this space or playing this space.
https://player.fm/series/investing-in-cannabis/christopher-galvin-of-hypur
I know the definition. You shouldn't have used the word "sold"....as in ... being "sold" as "natural". End of discussion on this stupid "discussion".
About a week to go.