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It's really very simple. Someone invests in this new class of preferred. Based on the number of shares of that preferred that they hold, they share in a percentage of the $200 paid out each month per pound of harvest. Period.
They cannot convert these shares and they can't really do anything with them at all...ever. It appears to be an exchange of one thing for another. The company gets expansion cash and the holders of these new preferred shares receive $200 per harvest each month dispersed among the holders of this class of shares...period.
They cannot ever convert them to common. A long term way of financing the company without adding any debt.
Which when you think about it is their way of staying debt free!!
It looks to me as though anyone who has that class of shares, shares in a percentage of the $200 per lb from each harvest, so if let's say five people hold those shares equally a couple years from now, they would receive around $40 per lb for their share. I could be wrong, but that's what it looks like. UF
What we are experiencing now is something we're not used to...a very thin market, a scarcity of shares in the making and a new type of investor that will begin to take notice. This is going to continue to climb as new investors get clued into this one. GLTA UF
Can't sticky. Not a mod, but you're right. This will gain traction as people take a hard look at this one. If it WERE in the index, it would be one of the smallest O/S out there. UF
I have no idea. Call the company. UF
Impressive Website and # of Employees suggests significant revenues already in place. GLTA UF
http://phytatech.com/Lab-Team.php
Colorado. Let that sink in. This is still one of the best cannabis plays out there when you compare it the myriad of garbage in the Marijuana Index. A steady march forward from here. Great news!
EVIO Labs now in Colorado! Awesome!!
Right on cue, Mary! NEWS OUT!!!
EVIO Labs Executes Cannabis Testing License Agreement in Colorado
Bend, OR -- September 7, 2017 -- InvestorsHub NewsWire -- EVIO, Inc. (OTCQB: SGBYD) a leading provider of cannabis testing and advisory services announced today that its cannabis testing division EVIO Labs has entered into an agreement to license its brand and cannabis technology in Colorado. Phytatech CO, LLC which has been a licensed testing company since 2014, will now operate under the EVIO Labs brand.
EVIO CEO Mr. William Waldrop stated, "As we continue our mission to become the industrys largest cannabis testing company, with operations in California, Oregon, Massachusetts, and Florida, EVIO is honored to now offer its accredited testing services to Colorado. The State of Colorado has continued to be an advocate and leader in the cannabis industry, being the first state to offer retail cannabis products, and the first to develop and enforce testing requirements.
Phytatech CO, LLC was founded in 2014, and has been an industry leader in Colorado as both a licensed medical and retail (adult use) testing provider, servicing licensed cultivators and manufacturers of infused products (MIPs).
Phytatech founder Robert Howland commented, Since the beginning we have had the resources to build a strong foundation. As the industry continues to mature we felt it important to engage a company such as EVIO Labs who is committed to improving the standards within the industry and provide us the resources to broaden our reach to the entire cannabis community. From an operational perspective in the short term, this will have little change to our existing clients. Moreover, in partnership with EVIO we seek to expand our overall service offerings to help our clients improve the quality of their products to meet the continued growing demand of the industry.
About EVIO
EVIO, Inc. is a life science company that provides accredited analytical testing services and scientific research to the regulated cannabis industry. The Companys EVIO Labs division provides state-mandated ancillary services that dont directly support the supply chain, but are in place to ensure the safety and quality of the nation's cannabis supply. Learn more at www.eviolabs.com. The company can be reached directly @ 1-888-544-EVIO.
Safe Harbor Statement
Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at www.sec.gov or www.eviolabs.com
Investor Relations:
investors@eviolabs.com
Smart man. L2 thin all the way back to $2.00. Just got a couple folks looking to sell along the way. UF
Two more new followers overnight! Welcome to the both of you! UF
And that's why you'll always be on the sidelines.
Please provide a link supporting your claims. That would at least make it SEEM more credible. UF
RSI still at 55. Look for gradual move upward between now and Sept 16th. GLTA UF
Look for further gradual move upward. When the hyenas are quiet, it means they're still riding the shares they bought at the bottom after pushing it down there in the first place.
Blue Skies! This is going to run hard. I'm going to pick up some clones from the SIGO gift shop on Sept 16 for the plane ride home. How many do you think I should get?
What's gonna happen at THE SAME volume when people begin to hold tight for the projected boomage? Blue Skies will happen more frequently. RSI STILL at a pitiful 55. This has nowhere to go but to Blue Sky territory with this tiny float if people start to hold tight. GLTA UF
That's because this float is getting locked up. Look how tiny it is!!
BLUE SKY TERRITORY!!!
Oh, you can count on it...
I have no idea, but I personally like the name as an umbrella company for multiple acquisitions. UF
L2 is whisper thin now! With an RSI of 53 still, this should run hard tomorrow. GLTA UF
The relentless takedown from yesterday, if you look closely has turned into passive token pokes at the stock as they know they need to keep the appearance of being against it, but we all can see clearly that they've loaded for a nice ride up from here. They'll be back in full force once we reach whatever target they've coordinated as a jumping off point.
That's good to know, so if they expand to 152K of greenhouse space, that's 120K minimum of grow space or $24M with only 7M shares outstanding. Yep, I'll take that all day and twice on Sunday compared to all the other cannabis plays. This one with no debt and they plan to keep it that way. This one with officer shares locked up for 3 yrs! This one with an experienced grower who seems to have his head down plowing forward. This one that's invited all shareholders to come and see what they're doing in person on Sept 16. This one, still trading at a 4.6M Market Cap. This one with a ridiculous RSI of 52! All of this points to how undervalued and how under the radar SIGO still is today. Accumulate all you can of this tiny float! UF
I don't see it getting that high, but it does put things in perspective. Who knows? Maybe SIGO will end up in that group some day soon. UF
A Tiny 4.6M Market Cap on an Expanding Cannabis Stock with No Debt, with plans to grow to 152K sq ft, did we mention No Debt?, $200 annually per square foot of grow space projected, officers don't take salaries, they take a monthly dividend just like us by the way, and they've locked up their own shares for 3+ years. Holy Moly! Look at some of the "well known" names here...
Those are just words strung together with no relevance to SIGO.
Just heard TJ & Valerie say, "Hold My Beer."
IF the stock reaches 7M shares outstanding, it will be because they've grown to 152K square feet of greenhouse space or approximately 120K or so of grow space, combined with clone revenue = around $25M.
4.7M shares = $3.2M in revenue
7.0M shares = $25M in revenue
All while creating no debt, no toxic debt, providing a dividend and keeping their own shares locked up for 3+ years.
If 2.3M share is going to increase revenue by $21.8M, that's about $9.50 in revenue per share.
On a forward looking P/S that would be $7.14 per share.
On a forward looking P/E at a 15 multiple, that would be $21.43 per share.
THAT'S how it works. UF
Nope. Not the way that works.
Four new followers today! Welcome aboard to each of you!! UF
I've asked them to clarify that via email. Greenhouse space = how much annually per square foot or Greenhouse space = What percentage of Grow Space and with the clone revenues they mentioned, how does that factor in. I would wager that with that portion included, it could be $200 annually or more for GH Space, but we'll see. Either way, it's strong!! Saw one of Alan's posts was a story on four cannabis stocks that are actually expected to reach 10M in revenue! Wow! And yet this one's getting hammered by his crew for projecting $20M plus with a tiny O/S remaining once completed.
Based on what exactly?
Yep. You are correct. Should be interesting. UF