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Well, they are still listed as current on OTC Markets. Until that changes, I am not going to freak out...
SEC Warns Investors About Marijuana-Related Investments Amid Recent Trading Suspensions
Washington D.C., May 16, 2014 —
The Securities and Exchange Commission today cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two months.
The SEC issued an investor alert warning about possible scams involving marijuana-related investments, noting that fraudsters often exploit the latest growth industry to lure investors with the promise of high returns. “For marijuana-related companies that are not required to report with the SEC, investors may have limited information about the company’s management, products, services, and finances,” the SEC’s alert says. “When publicly available information is scarce, fraudsters can more easily spread false information about a company, making profits for themselves while creating losses for unsuspecting investors.”
Spearheaded by its Microcap Fraud Task Force, the SEC Enforcement Division scours the microcap market and proactively identifies companies with publicly disseminated information that appears inadequate or potentially inaccurate. The SEC has the authority to issue trading suspensions against such companies while the questionable activity is further investigated.
As the markets opened today, the SEC suspended trading in Denver-based FusionPharm Inc., which claims to make a professional cultivation system for use by cannabis cultivators among others. According to the SEC’s order, the trading suspension was issued “because of questions that have been raised about the accuracy of assertions by FusionPharm” concerning the company’s assets, revenues, financial statements, business transactions, and financial condition.
“Recent changes in state laws concerning medical and recreational marijuana have created new opportunities for penny stock fraud,” said Elisha Frank, co-chair of the SEC Enforcement Division’s Microcap Fraud Task Force. “Wherever we see incomplete or misleading disclosures, we act quickly to protect investors.”
Other marijuana-related companies in which the SEC recently suspended trading are Irvine, Calif.-based Cannabusiness Group Inc., Woodland Hills, Calif.-based GrowLife Inc., Colorado Springs-based Advanced Cannabis Solutions Inc., and Bedford, Texas-based Petrotech Oil and Gas Inc.
Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met. More information about the trading suspension process is available in an SEC investor bulletin on the topic.
“We know from experience that fraudsters follow the headlines,” said Lori J. Schock, director of the SEC’s Office of Investor Education and Advocacy, which prepared the investor alert. “Given the attention that marijuana-related companies have attracted recently, we urge investors to exercise caution when looking at investments in this space. Always thoroughly research the company – and the person selling the investment – before making a decision.
Well, all of that information will/should be made available once FUZZNBUZZ is official.
My guess is that much of their compensation is in stocks which will be made available to them over a period of time....
2 Hotel Chains
10,000 locations
$100,000 per location
POTENTIAL REVENUE: $1,000,000,000
Obviously they would not get ALL locations, but if they only get 1% of the locations, revenue is $10,000,000.
Well, the CIK and Reporting File Number belong to CWIR so definitely this is the same company. Unfortunately, the SIC Code is regarding Communications, which is not applicable. Also unfortunately, the SEC.GOV website does not reflect any FuzzNBuzz update......
But hopefully everything is going to be updated soon.
Well, the CIK and Reporting File Number belong to CWIR so definitely this is the same company. Unfortunately, the SIC Code is regarding Communications, which is not applicable. Also unfortunately, the SEC.GOV website does not reflect any FuzzNBuzz update......
But hopefully everything is going to be updated soon.
Of course it isn't serious. Can't imagine that our esteemed leader would let an outfit like Sierra announce something so monumental.....
Banks - so when is there going to be an announcement? Well over a month past when they said news was coming and while I understand that things take time, they are in it for the long haul, blah, blah, blah, aren't you perplexed by the complete LACK of public communication? Not one PR? Not anything? The FuzzNBuzz company symbol from FINRA was expected over 2 weeks ago...they still don't have anything?
I don't know....just frustrated that there is no news of anything...pure speculation....
Everyone needs to understand that we are all doing our best to communicate what we think. Those who have agendas that are not aligned to company pps growth are easy to detect and ignore.
The rest are going to have legitimate concerns that are worth discussion, as nothing is 100% rosy....
But NVOB is insanely underknown and valued...
I will recommend EVERYONE to realize that q3 and q4 2013 really have little to do with 2014 figures....
Let's end this conversation this way:
They are clearly on a path to BLOW away their 2013 revenue figures based on the announcements to date.
The best part of this is that this almost guarantees even better revenue figures for 2015. So now we will have 2 year growth with solid potential for growth in 2016. Multi-year MILLION dollar growth is beautiful music....
Nothing anyone says is going to change that. The real investor community will take over in a few months and this Pink Sheet nonsense will be well behind us.
And we continue to enjoy the AMAZING leadershiop of AL!!!
Everyone.....this is a true pot o' gold. No need to fret about the daily stuff.
Understand the following:
1) They have external auditors now so soon we will go from unaudited to audited financials.
2) External auditors = UPLISTING to OTCBB.
3) OTCBB will be a 1-2 year spot, AT MOST until we move to bigger boards.
I could give a crap about daily fluctuations as these guys have proven in 4 months that they have the product, plan, relationships, and desire to get it done.
Wasting time about someone that sold to drop the pps to hopefully get more shares tomorrow morning at lower levels is not worth our time.
I have a substantial holding here, well over double what I had even planned on investing because I KNOW this will be huge in a few years. If you want to FLIP, wrong stock, at least for now. This stock does not provide real flipping opportunities. The float is fairly small and locked up and too many people bought in at higher numbers (pre-R/S) to make it worth their while to sell. When this stock is trading at .60+ then you will see action, IMO.
Company leadership has frustrated me, but not the company itself....
We need an update on known clients...that will make future projects look more real, etc.....
Still, this thing is going to be huge so enjoy the low prices....
I love this....
Green day - HUGE VOLUME
Red day - minimal volume
Flippers getting a few bucks, but hardly worth doing and miss out on BIG BUCKS-----NO WHAMMIES!!!!!!
I did explore it and thought it was a stretch. Maybe I am wrong but just stated my opinion. I am okay being wrong. Just means more power to cwir in the future. Otherwise I would like it off the board because if would be distracting, etc.
I think all of you are now stretching....i see nothing that ties the two together......
WHY? Why is anyone buying? Even if only for $1,360....
I always get a kick about how much attention is paid on the day's ending pps.
All that matters is the VOLUME above .007. More and more the average shareholder's buy-in price is higher and higher. Makes major retreat impossible without a change in the float, which is not happening, at least not near-term.
We need a week of good volume to see a sustainable .009-.01 end of week pps.....let's see. Day 1 was very good.
Question - do we see a retreat, consolidation or continued growth?
Much of that aligns with my understanding...
I never expected this projected revenue number before end of April, but anticipated a $10-15M number by year-end. May need to re-assess my projectd revenue figures...
Keep in mind that they need the distributors to be in place ASAP. The distributors will install and support customers, not NVOB directly, per my understanding.
Everyone needs to understand that because without a strong distributor model they will not be able to meet/support demand and get the BIG revenue numbers.
I think that 10 distributors will grow quickly. As sales grows, other distributors will jump to join.
But, they need to get out there and promo the products in the correct circles...which I think has not yet happened. But I figure that is an embedded component of establishing the distributor model, perhaps even a cost-sharing model between NVOB and distributors for regional marketing.
Well, as long as there is operational/sales accomplishments that will be announced once FUZZ/BUZZ/FZBZ is trading....then the skies the limit....
I just hope all this attention translates into a push up to a new base at .008 or higher before news
Think offices, places of work and HOMES. NVOB units max cost $10k with an ROI of what 6-8 years? What kind of tax benefit would a house with an NVOB unit get?
Military is on the roadmap, per my understanding. However government approval, etc. takes time. So my understanding that it will come later.
Woohoo!!! I am turning a profit!!!!
I CHALLENGE YOU!!
Find me ONE company that has, since going public:
1) announced deals with THREE big named companies
2) opened 2-3 operational centers within the first 6 months of operation
3) came in with awards for innovation (IBM)
4) has patents worth $$$$$$
5) a distribution growth plan and execution
ALL ANNOUNCED WITHIN THE FIRST 4-5 MONTHS OF OPERATION AS A PUBLICLY TRADED COMPANY!
Can you imagine what they will announce by end of Q2 or Q3?
I know this stock going to be huge.....
What the heck happened today??? Woohoo!!!
Join the CWIR/FNB train!!!
Yes, those would be units sold.
The question is, does NVOB recognize the sale to the distributor or once the distributor has sold it?
My guesss is that NVOB sells to distributor and then the distributor re-sells with a markup. As such, NVOB gets paid immediately.
My revenues estimates are:
2014: $7M - $10M
2015: $12M - $20M
2016: $17M-$30M
Profit estiamates
2014: $2.5M - $5M
2015: $5M - $10M
2016: $6M-$15M
Stock value would be .50 to $3 based on my calculations between now and 2016 based on numbers only.
won't happen yet, IMO. no website, no PR machine. Besides it is a speculative PR....
Really revenue PRs did nothing, so don't see the opposite happening with this PR...
may have to finally round out my position. just need a few thousand shares to have my goal met....
I think there were some delays.....
My understanding is that the office is not going to open until late April - early May timeframe.
Progress?? News? Banker, aside from your DD, what NEWS have we gotten?
First it was April 1..then a fortnight, then the 17th, then the 20th....
whatever....
starting to contemplate selling annd moving on. Nice profit for me at this level....will see....
YAWN!!!!
Crystal ball needs to be cleaned or re-aligned....nothing happening here....
We won't get shares without the new ticker. They applied for the new shares with the new trading co with the date of April 17. The vehicle(ticker) is not known so the shares will not be truly issued until that part is cleared.
All I am saying is that, after tomorrow, the only delay is FINRA. Everything else is ready.