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52-week low coming today!
Expect the bankruptcy filings next month. Howard and Rahim are top-notch when it comes to bankrupting companies.
Enjoy the ride to $0 folks!
Howard, CEO of Citation, was named in a california workers compensation lawsuit.
Case is Martinez v. Antique Salvage Liquidators
Pretty simple and highly relevant to the character of Howard Misle, who is known for being a con-artist and fraudster. He hits right in with the fraudsters of Marapharm/Liht/Citation!
Classic fluff news from an OTC MJ scam. Company hasn't sold any "higher margin" products nor will it garner any significant market share even if it does get a license from the State.
The continued fluff and lies have resulted in this hitting the 52-week low today so expect a new low tomorrow then off to the races with a target of $0!
Ouch. Dilution is crazy here. Looks like those indictments may be filed sooner rather than later. ;)
Howard Misle lawsuit in Superior Court, State of California, County of Los Angeles, filed 8/12/2019 that has the bank records that show Howard Misle stole over $3Million of Investors money with wire transfers to his wife Megan Konecke's personal account. Check it out...Genesis Media, LLC is the Investor Group he stole from. He has numerous recent lawsuit, another filed in Nevada through the Bankruptcy Court in November of stealing from investors, this does not include the $11Million of judgements already obtained against him which forced him into chapter 7. The big shot drives around in his Rolls Royce, wears his diamond encrusted rapper watch, lives lavishly on his investors money. Anyone who believes his BS will lose any money invested. Google Howard Misle vs. State of California on Worker's Compensation Fraud. He is all smoke and mirrors.
Painted up with 50 share purchase, a whopping $8 buy!!!!!! Lmao, classic pump and dump shenanigans.
Rough one today, just as I predicted, another 52-week low now with dilutors on the ask trying to get any $$ they can!
Here are a few lawsuits Howard has been a defendant:
Lawsuit
Lawsuit II
Lawsuit III
Watch for Peter Seltzer to be named new CEO. He’s been helping Howard with his “business” ventures for some time.
See y’all tomorrow for another bloody day!
I’ll buy subpenny for a pump.
Just another dump into the 52-week low. NO BIG DEAL! Lmao
Oh yes, never heard of these kind of convertible debt deals, never, not in the last 5 years. Nope, you got your finger on it! Great job!
You're right, they gave GGB money for shares at $2.00 because they thought it was cheap.
Please share your more insight as you've been correct about this company since day one. Lmao.
You don't say?! Incredible insight.
Sorry but they don't do deals to get cheap shares. That's not how this works.
And...Another...52-week...low...as...I...predicted...would...happen...this...week...because...the...company...is...a...share...selling...scam!
See you at $0!
That’s not how this works. Note holders typically can begin converting and selling the majority of their shares 6-months after original note is issued. For notes with fixed-value convertible shares the holder will manipulate it to the desired price level. For those with conversions based on discounted VWAP over a set number of days, it doesn’t really matter.
Why do you think Moxie is set to close in early 2020? Why do you think large notes were signed in July? I’ll tell you - solid pump related stories such as Moxie closing and earnings pump in January/February.
Try befriending some of the guys who issue the notes. It’s really not too complicated.
Look forward to the run to $0, enjoy!
The lies about revenue have been fed to “investors” since inception. Years later and nothing but documented scamming and fraud.
Howard only signed on to transfer the legal burden of his failed businesses to the shareholders. Pretty obvious really. Pump material for Rahim too! Although it’s clear now people have identified this scam for what it is. Pure trash!!!
There will be no ten bagger, or even a one bagger. This will do nothing but decline based on nothing more than it’s a scam evidenced by the TERRIBLE FINANCIALS.
And of course I bought some because I'm in it to make money, not blindly "invest" in a nascent industry for the long haul.
I'll sell in January into strength and buy back again in October for the election pump. Cycles are easy to identify in this industry.
$7,000,000 loss for six-months ending September 30, 2019.
Zero revenue from Canadian operations.
MORE LIES ABOUT ACC MERGER BELOW.
Remember when Rahim claimed this about the ACC merger?
"....provide Citation with an approximate ACC management-estimated, annualized US$114MM in additional forward-looking revenue, at an ACC management-estimated, annualized EBITDA margin of approximately 25%, assuming the completion of all proposed phases and maximum operational efficiencies being realized, with an estimated capital expenditure requirement of approximately US$50MM"
Weird that financial statement states the following:
For the three and six months ended September 30, 2019, ACC accounted for $692 in revenues and net loss of $382 since the acquisition date of August 2, 2019. If the acquisition had been completed on April 1,
2019, the Company estimates that there would have been an increase in revenues of $975 and net loss of $516 for the three and six months ended September 30, 2019.
This scam will be bankrupt in no time!
Commitments and contingencies (continued)
(b) Claims and litigations (continued)
(iii) Hill Health, LLC, et al. vs. ACC et al
On July 26, 2017, a complaint was filed against ACC with the Eighth Judicial District Court in Clark County, Nevada regarding fraud, breaches of convertible notes, breaches of the covenant of good faith
and fair dealing, successor liability, alter ego/reverse piercing, and declaratory relief against ACC. The parties arbitrated the matter and have settled the matter subject to final documentation of a settlement
agreement. The settlement terms include a requirement that ACC distribute to the plaintiffs 5% of the cash distributions to the shareholders over a 5 year period. The entirety may be prepaid for $850 prior to the end of calendar year 2019. If, over the 5-year period, the total cash distributions do not meet or exceed $1,000, the Plaintiffs may file a confession of judgment against ACC for the difference between
$1,000 and the total cash distributions received prior to the confession of judgment.
(iv) Global Green Enterprises, LLC, et al, vs. ACC, et al
On January 26, 2018, a complaint was filed against the Company in Clark County, Nevada regarding breach of contract, breach of the implied covenant of good faith and fair dealing, accounting,
declaratory relief, fraudulent or intentional misrepresentation, interference with contractual relations,interference with prospective economic advantage, and civil conspiracy. The Company filed for motion
to change venue or alternatively, motion to dismiss on March 21, 2018. On April 30, 2018, the Court granted the change of venue to the Fifth Judicial District Court, Nye County, Nevada.
(c) Notice of default
The Company has been provided with a notice of default on the debt with NPI Debt Fund II secured by a deed of trust in the principal amount US$1.9 million and demand for payment of past due interests, fees and
expenses of approximately US$459,000 on or before October 31, 2019 (the “Default Notice”). If the Company fails to remedy the Default Notice, it will be given a notice of foreclosure sale under the deed of
trust. (Note 10(a)) The Company has not remedied the default as of the date of these Interim financial Statements.
(d) British Columbia Securities Commission (“BCSC”) temporary order
On November 26, 2018, the Company was named a respondent in the notice of hearing and temporary order (the “Temporary Order”) issued by the BCSC against certain Issuers (the “Issuers”), companies and
individuals (the “Non-Issuer Respondents”). The notice of hearing alleged, among other things, that the Issuers issued free-trading securities through private placements to the Non-Issuer Respondents relying on the consultant exemption to the prospectus requirement under National Instrument 45-106 (the “Consultant Exemption”). The Non-Issuer Respondents claimed to be consultants under the Consultant Exemption and
were paid consulting fees pursuant to consulting agreements executed with the Issuers, resulting in the Issuers paying most part of the private placement funds back to the Non-Issuers Respondents. The Temporary Order prohibited the Issuers from relying on the Consultant Exemption in connection with private placements with
the Non-Issuer Respondents. The Temporary order was to expire on December 11, 2018, but the BCSC had an application to extend the Temporary Order pending a decision of the BCSC at a hearing on December 7, 2018. On January 15, 2019, the BCSC released its decision indicating that the Temporary Order has not been extended against the Company. (Note 14(b)(i))
HUGE LAWSUIT FILED:
Bart Street III vs. ACC, ACC Industries Inc. and Calvada Partners, LLC
A lawsuit has been filed against the Company in the U.S. District Court for the District of Nevada to recover matured loans pursuant to promissory notes in the aggregate principal amount plus interests of $7,124 (US$5,379). The Company filed a motion to dismiss on the basis that the court cannot enforce the promissory notes since they relate to a financing of an operation that is illegal under US federal law. (Note 12(b))
Thanks bro! Almost at 52-week low, again, congratulations on the winner! Lmao
Lmao, have you read any of the financials?
Or ever traded any OTC mj stocks?
Move will begin so note holders can sell their shares. Good luck.
Lack of liquidity is a serious deterrent.
There’s no spinning it now. This is going to $0, no doubt in my mind.
Lmao still killing it over here.
Apparently Nilda decided it was time to walk!!! Rahim only knows one thing - how to run scams into the ground. Enjoy the ride to $0
Pump commences next week into January for convertible notes.
Anyone see those killer financials! Lmao, less than 500,000K in the bank and $24,000,000 in liabilities. Lmao, I’m ROTFLMAO.
Oh, and the CFO resigned. The one who was supposed to be the link to BIG money. Lmao, done.
Bankruptcy comes soon folks. Going to $0. Enjoy the weekend!
Ooooooh weeeee, $.24 on the CSE means another 52-week low coming next week. Still no financials, insiders attempting to delay the inevitable bankruptcy? Me thinks so!!! Enjoy the weekend!
Nice 400 paint job to avoid closing it low of day. Just another terrible Canadian MJ pump and dump.
Down 50% from last pump a few weeks ago. 52-week lows will arrive once company files financials, or the NT-10Q indicating they cannot or will not file on time. Either way the company will show investors how soon bankruptcy will be knocking at there door. Soon...
Sad. MD&As are part of the required disclosures, nothing to do with quarterly financials. This company has failed to file the proper MD&As since August, which can be found on Sedar. Revs are going to be negligible.
As I noted earlier, a CTO, or cease trade order can and will be issued for failing to file monthly MD&As. The following language is directly from the CSA website:
For example, publicly traded companies must file copies of quarterly and annual financial statements and management's discussion and analysis with provincial and territorial securities regulatory authorities, and must also send this information to shareholders, on request. Companies must also disclose material events or developments - such as takeover bids and merger and acquisitions, which may affect the value of the company's shares. When a company fails to do so, a CTO banning trading in the securities of the company or banning certain individuals and/or companies from trading in securities of the company may be issued.
Since there seems to be a significant amount of misleading information provided by laymen, thought I’d clear that right up!
Currently two months behind on filing CSE required MD&A, which means company should be receiving a tading suspension. Management clearly trying to hide terrible financials and the ongoing scam.
Weird, wasn’t getting on the breakout board going to propel this scam into $1 land! Ooooooh yeah, it’s a scam and EVERYONE knows it so literally no one is buying. Wait until noteholders start dumping large amounts before bankruptcy filed.
Another dump today, what a shock!
Bankruptcy imminent...