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Keep in mind this is a newly formed holding company that doesn't even officially exist yet (in terms of assets). Still in the very early stages. The price won't hit those targets until a few things occur first.
1. Articles of Merger
2. Super 8k (showing assets)
3. 10q/10k earnings with guidance.
4. Funds buying in
That should get it to $10ish rather quickly if earnings show significant revenue. Maybe more if significant net profits. (Very few MJ companies are profitable right now. Like 2 or 3. lol If GRNF has profits, it will attract a lot of attention.)
5. Uplist
That'll get it over $20 eventually, but could be years down the road dependent on a more favorable legal environment.
$100+ I think is a pipe dream. But you never know. IF they do take a significant portion of the MJ/hemp financial market then it could be worth several billions to GRNF. It's an emerging market with plenty of opportunity for the go-getters and huge expected growth in the coming years.
Huge ones!
Yep. The ubiquitous non binding agreement. So common, but so misunderstood.
So consider this, GRN Funds already owns or is invested in most of these companies. JC owns GRN Funds. JC owns GRN Holding. Does anyone seriously think JC is going to back out of any of these deals with himself? lol
The plan is progressing beautifully. This is exactly what I expected to happen - GRN Funds will be transferring investments as subsidiary companies under the umbrella of GRN Holding Corp. It just took a few weeks longer than many thought to get confirmation.
Next up merger docs and super 8k. Look like they're about ready to let loose on that, so soon. Very soon.
Big days are coming. Huge glorious days. :))
So glad to be here at these early stages. There is no way we'll be under $5 in 3-4 months. And I really would not be surprised to see $15-20 if they've got decent profits.
This quote is why I'm excited here:
From the news release today:
Flippers got excited about a few pennies profit and took it. lol
Stands to reason that GRN Funds is the merging company (they bought the shell, after all). They already own or have stake in these other companies. A lot of this is just transferring ownership as subsidiaries of the Holding company.
Does this PR mean the super 8K is on the clock?
LOLOL. Empty shell my ass.
Not close to worthless based on what I've seen. I guess we wait and see, no?
It's not going to move much until the filings come in. You might as well move along to something more exciting. I'm not selling.
It's just 11M unrestricted, but whatever. And they weren't JC's shares, so....
Conspiracy theories and worst case scenarios are fun to talk about, right? So scary. lol
All that matters are official documents. Filings coming soon. Then dollars.
Do people really think the financials from an empty shell have any correlation to the financials of the company merging into it? This reads a lot like some of the talking points posted here incessantly.
The sharts are getting desperate now. They've been predicting the crash to .02 for months now. SORRY, not falling for the BS.
I wish we could update the stickies and intro. There's a lot of inaccurate/old info up there now.
The work to get the filings and TA updated means someone wants this to get current and fulling reporting. And there's only one reason for that, which is why we're all here. I fully expect a merger announcement before the end of the year.
IF the merger somehow falls through (and that's purely hypothetical), then it shouldn't be that hard to find another buyer. The shell is pristine.
That is a flawed argument. The shareholders only have equity in the company. The actual assets remain 100% the property of GRNF.
Mr. 44% shareholder can't go report 44% of GRNF's revenues as income and get a monthly check. He is not entitled to any of that. He can sell shares and take out his equity stake (if not restricted), but then it just transfers to someone else. There is no net change in value of the company when someone sells shares (unless those shares are discarded).
Only the majority shareholder has any influence on asset allocation by way of voting rights. JC can sell such and such asset for the company since no one can outvote him. But Mr. 44% shareholder cannot.
Also, there' nothing stopping JC from selling anything he owns to GRNF for $1.00 if he wanted to.
Sam Smith is the contact person. His name appears on all kinds of documents. For instance, my company has a business name, but when you search the whois for their website, it lists the contact person, not the business.
I find it hard to imagine that Sam Smith bought millions of dollars worth of land and equipment with his personal finances. He runs an Oil Company for crying out loud. You don't think Rigworx might have bought something along the way? What the hell are they there for? That whole premise is laughable.
Sam Smith may have signed the documents on those wells, but those were Rigworx assets. UNRG owns it now. 100% assets transferred.
I've been aware of the funding drive since day one. But what does it matter? Rigworx no longer exists. All startups need funds. UNRG may very well issue shares to fund new acquisitions. In fact, I expect it. Should that worry me? Not if it increases shareholder equity. ie, makes money.
We'll find out soon whether those 150+ wells are United Energy's or Sam's personal stash, won't we? I'm inclined to think those were bought by the corp., not Sam.
United Energy was not seeking anything prior to the merger. Srsly? The owner died and no one took over. lol
It was abandoned, which is why it was a prime candidate for custodianship. Since they've officially merged, we UNRG shareholders now own Sam's wells. Rigworx dissolved and all its assets are now 100% UNRG assets. No need for him to sell anything. I don't think you understand what has happened.
Thanks, but your opinion means about as much as mine. I would like to hear what a personal contact thinks.
Thanks for the input! Question:
On a scale from 0-10, what are the chances that Justin is doing all this to run an elaborate scam and profit on the backs of investors?
I have an opinion, but I don't know the guy.
Well, an optimist's view would say that the longer it takes, the more complicated the financial audit is for the 8k. Which means a large, multi-faceted company is coming in. Take a look at GRNF. It's what 5 months and counting for the merger docs to get filed? Sometimes you just gotta wait for it.
OTC Updated and Verified!
https://www.otcmarkets.com/stock/UNRG/security
AS now shows 425M and now Verified Profile 11/2019 designation. The rest is coming soon. These guys aren't messing around.
Disanti joined UNRG advisory board. His almost exclusive focus is the cannabis and hemp industry. Would he join an oil company if this was a scam? Of course not. He joined because he knows this is a money making opportunity and it will profit him to be a part of it. Disanti would be invaluable in helping guide UNRG to listing on the NASDAQ later.
Right now the market cap is 1.9M. Disanti's house may be worth more than that. lol. Just imagine where it goes from here once they become fully reporting. Just a handful of wells could put it over 10M. What if they have hundreds? Think about it...
Market Cap - Stock Price:
5M - .16
10M - .32
20M - .63
50M - 1.59
100M - 3.17
250M - 7.94
500M - 15.87
1B - 31.75
2B - 63.49
3B - 95.24
5B - 158.73
And you can own this right now for $.06. You know what to do. :)
Just one really big huge hole in this theory.
JC hasn't sold any shares.
A typical P&D has the insiders profiting on the backs of shareholders. With GRNF, only the shareholders are making money.
THAT MAKES NO SENSE. lol
I think Art was agreeing with that. He just forgot to quote the other person. lol
Art - "WRONG--TOTALLY!!!!"
Idiot - "The 45 million shares were issued to Sam Smith, that’s called dilution,"
Yep. This is the worst pump and dump ever. Can't even get the dump right.
The articles of incorporation filed in Wyoming for Rigworx, dated 1/31/2018, is signed by Samuel Smith, Chairman of the Board of Directors. He's also listed as President. Not sure if they had a CEO as a private corp. But either way, he was there at the founding, which is my point.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=193209018077103237183217165194157213047135035183
The CEO typically owns a large number of shares of their company. The 5M Class A and 45M common shares were exchanged 1:1. That means Sam owned that amount shares of Rigworx and they were swapped for shares of United Energy. Even exchange. He owned them before and owns them now. Nothing's changed except the name. It's not dilution as they should be locked up and probably restricted as management shares typically are. He'd need approval of the Board to sell them. Granted, the Board is just 3 guys including Sam right now, but that's what it is. (I think I'm right on this interpretation, but please correct me if not.)
Also, you don't have any idea if they plan on issuing shares to raise capital. You need to put an "IMO" on that if you believe they will. So far, there's no indication of that happening whatsoever.
I've done the research. Rafael Pinedo was CEO when Pilgrim was suspended by the SEC for accounting/disclosure issues. Smith took over as CEO after Pinedo was fired/resigned. There is nothing you can point to that happened since Sam took over that implicates him in any wrongdoing. The company just couldn't recover from the prior CEO's shenanigans, IMO.
Rigworx was not sold. (Its value is not known since it has been a private company. But if you say it's worthless, I'm inclined to disagree based on the 100+ land parcells he owns in OK and KS.) Rigworx merged into UNRG and then dissolved. Big difference from being sold since he was not compensated. United Energy is essentially Rigworx with a new name that is now a publicly trading corp. UNRG absorbed the existing shares of RGWX (privately held). That's what happens in a merger and is both normal and expected. Sam Smith was named CEO of UNRG the day Disanti was granted custodianship of the shell, for his client, Rigworx. He wasn't annointed. He was the CEO of Rigworx when he founded it in 2018 and still is CEO as it exists now as United Energy. The sole purpose he bought the shell was as a vehicle to take Rigworx public.
Nothing untoward here. Nothing out of the ordinary. He has not profited or diluted shareholders from the transaction as far as we know.
Now we wait for filings and see what this company is worth. If I'm guessing right, it's several hundred million on the low end.
Boom.
Pretty much everything you've said is false. Do you even read or is someone whispering talking points in your ear?
Plenty of folks long on this. Flippers just waiting for the next opportunity to buy. They'll keep the up/down cycle going for as long as they can. Eventually, the SP will stabilize once all the filings have been revealed.
Financials, TA verified, Stop Sign removal, 8K. All should be coming very soon. By the end of the year this will no longer be a flipper stock, but a growth stock.
It might. Not worried if it doesn't. We need the 8k to see what we've got going as a company. Should be soon. They've been preparing for this for months. I think once it comes out, there will be some surprise as to what's under the hood here. Disanti hinted to it: This is a NASDAQ bound ticker. That means $4 plus. A lot of money to be made here at these levels.
You make a lot of assumptions.
How about these assumptions, as long as we like to speculate:
United Energy has hundreds of millions in assets and hundreds of millions of annual revenue. Their market cap rates around 2-3B as a mid-cap enterprise.
IF they had 76M OS shares, that's still a $26 to $39 pps. But what IF they released every single one of the 425M to the float, that's still a $4.70 to $7.05 pps. Oh...the dilution. lol
The making up stuff is fun. :)
425M common shares authorized. Not that much, if you want to compare to similar companies. We don't know the tradeable share count yet. Could be 31.5M as currently stated or 76M if the new shares are not restricted (which they could be). Again, not that much. There has been no dilution to date and no indication there will be "huge" dilution later. Those are facts.
You mean this stock that has existed for all of what, 6 weeks and hasn't even filed their first 10q yet? Please give it some time to at least show us what they've really got before passing judgement. IPOs don't happen overnight.
Yes, they can issue shares for acquisitions or financing. It's not uncommon. It's one of the benefits of going public. Have they? No. Are they planning to? Who knows? They could also do a forward split or buy back all common shares if they wanted as long as we're throwing out wild ass scenarios.
Disanti does not own this ticker. He has nothing to do with it whatsoever.
You know the price dropped when the new owner was revealed and it wasn't Disanti's REIT. Speculative shareholders bailed, not insiders. No need to make up a new narrative out of thin air.