CAVEAT EMPTOR, the new JBII NASDAQ,
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No it was not I am afraid that you have no idea what you are talking about. When large block holders (like the toxic financiers) sell they hire a market maker to dump for them. The market maker sells the shares all day and then clears up their books at the end of the day. When you see large T trades it is dilution. The price it printed at would be the VWAP plus their fee.
No, ones that a middle school kid taking an accounting class would understand to be bogus because they don't even add up. The scammers thought their marks were so stupid that they did not even bother to make the financials plausible.
This is not about fraud, we know its a legit company,
You are joking, right? It takes about 5 minutes to figure out the company is a scam. Anyone with even the most basic knowledge of accounting can see the financials are fake. The scammers were too lazy to even make up financials that look even somewhat real!
Beyond that it might be a bit of clue that the company took off with millions of dollars they defrauded and then promptly disappeared. Do real companies steal millions of dollars and disappear or do scams?
CRGP did not show up for court because they did not need to.
Yes they did. When you don't show up you lose. Any sort of real or honest company would have showed up.
You have absolutely no idea..... CRGP is on the hook for millions of dollars they will never pay the debt and never do anything ever again. There is no trial THE CASE IS ALREADY OVER as CRGP never showed up. The only thing now is if the judge will appoint a receiver quickly. Even if not COR basically owns CRGP (not that they want to)
The story about the saboteurs with dynamite trying to blow up the mine is an absolute classic. IIRC it was the spurned employee (Gary Gotanco???) who was talking to the boards/public about the scam and some "hussy" with dynamite was helping him "blow" up the mine. Must have been 6-8 years since that happened but it was a real hoot. Pearl and DOM despite being total scum sure were amusing. She really did make for true entertainment. Kind of like an old school side show con man, you know it is a fraud but they put enough entertainment and heart into that you kind of forgive them.
ROFLMAO! Yeah, they have moved onto extremely toxic convertible debt, million dollar insider salaries, not fraudulent filings(which means minuscule revenue). The only folks in this POS either don't read English, have zero clue as to what toxic convertible debt is, are day traders or have a sub 70 IQ.
Sorry but Vinny the criminal is a fact. Anyone with more than three brain cells can look up an verify the criminal record I presented here.
The suit was already decided CRGP failed to show up and lost. They now owe millions of dollars.
The stock is not on an exchange and never has been on one.
You have no idea whatsoever.......
Nobody wants a grey sheet shell. Especially one that is on the hook for millions of dollars. Why in the world would someone want that debt?
Clearing firms are like fedex they are not the police. Blaming them is so silly it is not even funny.
I actually live in Canada and there are around 30 pot stores in my area right now. They are not going to buy overpriced vending machines to sell in the stores and the machines will NEVER be allowed outside on the street.
There won't be any pot vending machines in Canada. It will be legalized in the coming months and sold like liquor or cigarettes. There are no liquor vending machines and I think even cigarette vending machines are not allowed. I have not seen one in many, many years. I think I remember seeing one about 15 years ago possibly longer though.
who else would he purportedly being informing on if not organized crime outfits
Other criminals obviously.
I figure like most, he will regret the day he got involved with the penny stock world and loons that come along with it.
If I were a bit more mischievous I would send in a letter castigating the silly letters in a humorous way or a harshly satirical letter about how I deserve to profit off the fraud because I am dumb.
An informercial is what I would like to see. Have Juicy J dressed in his usual black with some scantily dressed woman. He can lie and tell stories while the women wrestle in a pool filled with P2O. Then they can demonstrate some lawn mowers running and show Hans' garbage dump all ready to be P2Oed. Maybe even get the CEO to put on a big pink domed hat and spit yoghurt on people?
COR's TRIAL IS A FARCE...
First off it is not a trial. They already won their case against CRGP, they are just trying to collect what they are owed now.
IT WILL BE THOWN OUT BY THE JUDGE FOR WAISTING THE COURTS TIME
Just as likely as it would be for for heading, tailing, or fingering.
Considering they believed and probably still believe that CRGP is legitimate, one cannot expect too much in the way of brain power. Zimmerman appears to be dumb as rock and paranoid to boot.
I did not point out mafia connections, you can make whatever you want up but that does not make it true. I did point out that getting light sentences or nothing at all time after time points to being a police informant though.
Vinny is quite obviously a very sleazy person. Being arrested so many times means he has likely committed hundreds of crimes as criminals only get caught on occasion.
If nobody was willing to sell the price would go up. The fact is there is no interest in buying and that is why the stock is at .0001.
It has been over for years now. It will just take the final blow, which is not too far off now. Dick hedd will only float this scam for so long.
See that .0001 share price and zero volume? That means there is no buyout and such. If there was insiders and smart money would be buying the crap out of the stock for the massive profits they would make. Mr market is telling everyone what the stock actually is, a grey sheet fraud destined for absolutely zip......
They convert at 49% of the VWAP they don't care what the price is as long as there are rubes to buy which means at lower prices than before..... Lower lows and lower highs as more and more shares hit the market. That is why they call them death spiral convertibles.
It already has. From the first day Vinny the criminal started this scam it was doomed. Even just the fact that you have basically a career criminal as the founder is enough for anyone with an IQ over 25 to know the stock is a fraud.
but traders and MM's are sometimes more at fault than the company.
That is complete nonsense. Do you understand how a market works?
This company going up and down is because it is a worthless pump and dump scam. They put out fraudulent financial statements and pump and dumped the stock. Now people realize that the company has sold next to nothing and are complete failures. There is millions of dollars in extremely toxic convertible debt that converts at 49% of the VWAP. The management gets paid millions of dollars while bringing in next to no revenue.
This stock is nothing more than dead, the only thing keeping it up is the toxic lenders letting off their selling to rope in idiots who can't read a basic financial statement. The authorized was bumped to 400 million for a reason, next year there will be a reverse split or an increase to near a billion most likely.
It will be normal in 10-20 years for weed, beer, and cigarettes
Vending machines have been around for many, many years. You probably are not old enough to remember how cigarettes were in vending machines everywhere..... It is not part of the N. American culture like it is in Japan. You fail to understand this, besides the fact that the COMPANY has even given up on them. They have not even been able to sell one in the couple years.....
Alcohol is rarely if ever in vending machines and cigarette vending machines are extremely rare now (maybe not somewhere?) There is zero value in the MDBX machine. It was purely used to pump and dump the stock.
COR does not sell shares and they were the one who got ripped off for ~4 million dollars.
sec need to do better investigating before allowing such stocks
They don't have the time or resources to do more. The penny stock market is loaded with scams. Most every promoted pinky is a fraud, plain and simple. The OTC is barely regulated and that is the way it is.... The SEC plainly warns about penny stocks on their site. It is up to you as an investor to take responsibility in the OTC.
It is funny how CRGP rips off millions of dollars and now the bad guy is the company who got ripped off. Pretty sick and twisted. Only in penny stock land do people claim the victim is the perpetrator and they deserve to profit from the fraud
So then the shareholders are even more guilty for aiding,financing and holding equity in the company CRGP. They should have known it was a fraud. They failed to do any due diligence and in that helped perpetrate a multimillion dollar fraud.
COR who was ripped off for millions of dollars is at fault for CRGP defrauding them and shareholders/equity owners of CRGP deserve to profit from the the scheme.... Sounds fair LOL
then who would get the excess money above COR's $4 million
There is no excess money, COR would only get a fraction of what they have been defrauded of by CRGP. The whole scam by CRGP was to pay a bit and steal a lot and it worked....
Good to see Canada on the list. We don't want their scammy trash report. I wonder how many suckers fall for the report scam? All they want is your email address so they can send you crap. The report at best is a bunch of PRs cut and pasted.
COR has been scammed for ~3 million dollars by the fraud CRGP. That is no joke. It is a plain fact.
For what? Being a clearing firm? In case you have not noticed it is CRGP which is a criminal fraud that ran off with millions of CORS's dollars. It is bloody sick how folks are blaming a multimillion dollar victim for getting defrauded.
When you have to put up two 2.50/share in margin shorting a .10 stock becomes a waste of time. The only shorts that may happen is the toxic financiers shorting against there coming dirt cheap shares.
It is no longer economical to short this scam due to the the Reg T requirement of 2.50/share in margin. Now that smart money buyers (short sellers) are gone it will drop even harder as there are only rubes to hold it up.