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AVOP - House votes to allow marijuana-related banking
WASHINGTON (AP) — The House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana.
The 236-186 vote rejected a move by Rep. John Fleming, R-La., to block the Treasury Department from implementing guidance it issued in February telling banks how to report on their dealings with marijuana-related businesses without running afoul of federal money-laundering laws.
Marijuana dealing is still against federal law, so banks who do business with marijuana dispensaries could be accused of helping them launder their money. Federal money laundering convictions can mean decades in prison.
The Treasury guidance was intended to give banks confidence that they can deal with marijuana businesses in states where they're legal. Many banks are still reluctant to do so.
That has forced many marijuana operations to stockpile cash, a situation that shop owners say is dangerous.
"They are operating just in cash, which creates its own potential for crime, robbery, assault and battery," said Rep. Ed Perlmutter, D-Colo., whose state has legalized recreational pot use. "You cannot track the money. There is skimming and tax evasion. So the guidance by the Justice Department and the guidance by the Treasury Department is to bring this out into the open."
The vote is largely symbolic since Treasury already had gone ahead with the guidance, but it demonstrates a loosening of anti-marijuana sentiment on Capitol Hill.
"Whereas the federal government once stood in the way of marijuana reform at every opportunity, the changing politics of this issue are such that more politicians are now working to accommodate popular state laws so that they can be implemented effectively," said marijuana advocate Tom Angell.
A coalition of 46 mostly GOP moderates and libertarian-tilting Republicans joined with all but seven Democrats to beat back Fleming's attempt to block the Treasury guidance.
The underlying measure, however, would block the District of Columbia from implementing a local law decriminalizing pot possession. The D.C. City Council approved a measure reducing the penalty for possession of up to an ounce of marijuana to a $25 fine.
That provision, by Rep. Andy Harris, R-Md., also would block the city from legalizing pot as Colorado and Washington state have done.
Link to article and video>>> http://news.yahoo.com/house-votes-allow-marijuana-related-banking-202956886--politics.html
AVOP - Most Important Next Step
is the DTC Approval
From April 28th 2014 PR:
"Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. Furthermore, the Company is embarking on face-to-face negotiations with financial partners who are expected to be key contributors in Marijuana Incubator Group's advantageous business model. Moreover, after careful review the Marijuana Incubation Group management team has agreed to not reverse split the stock at any time in the near future, as the current capital structure is sufficient to accomplish the Company's goals."
Another important fact from above- No Reverse Split
DTCC Overview
DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.
DTCC's depository provides custody and asset servicing for 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion. In 2009, DTCC settled more than $1.48 quadrillion in securities transactions.
DTCC operates through 10 subsidiaries - each of which serves a specific segment and risk profile within the securities industry:
· National Securities Clearing Corporation (NSCC)
· The Depository Trust Company (DTC)
· Fixed Income Clearing Corporation (FICC)
· DTCC Deriv/SERV LLC
o The Warehouse Trust Company LLC
o DTCC Derivatives Repository Ltd.
· DTCC Solutions LLC
o DTCC Loan/SERV LLC
· EuroCCP Ltd.
· Avox Ltd.
What is DTCC Eligibility Anyway?
Once a corporation has been vetted and approved for trading either by FINRA or by the SEC, the corporation must also submit an application to DTC for its initial eligibility to trade. If eligibility is granted, DTC will agree to hold an inventory of the corporation’s free-trading street name shares on deposit. These are the shares that will become the “float”, those shares that are free-trading AND held at DTC. There is currently no other depository that carries an inventory for clearing and settlement of publicly traded shares.
The market maker (the dealer at a brokerage firm who agrees to carry the first amount of shares in inventory on behalf of their firm) must make the initial submission for eligibility. The market maker must either be a participant of DTCC (assigned a DTC Participant Number) or use a clearing firm that is a full participant of DTC. The participant number allows the market maker/clearing firm to enter transactions for their firm into DTC’s software. For approval by DTCC, the company will have to sign the Operational Agreement with DTC. However, DTCC retains the right to deny a company the ability to use their depository without providing a reason for this denial or an appeal procedure to redress grievances or wrongs. The company can still present an appeal but the appeal will not follow a specific procedure or necessitate a response from DTCC. For this reason, before a company applies for initial eligibility, they must have a clean presentation that includes, not only the effective registration, but also can include full disclosure of the provenance of all shares that will be initially deposited as free-trading shares. Provenance means the history of the ownership of the shares presented –the age of the shares, who received them from whom, how much in money or services was exchanged for the shares, etc.
Companies that are listed on the NYSE, the AMEX (ARCA) or NASDAQ markets are already considered properly vetted by DTCC and the SEC’s willingness to make the registration effective is considered a satisfactory and clean presentation. However, those companies who trade on a non-listed market can be more problematic. (FYI, if a company is non-reporting they may not be granted initial DTC eligibility or DTC may pull already-granted eligibility at any time. These companies will rarely be allowed FAST eligibility.)
A clean presentation for a reporting OTCBB or PinkSheet company to become FAST for the first time can be very slow. Issues that will quicken the process are, a) not only being reporting but not missing or being late with any reports; b) having very few name changes or reverse splits in the last 5 years; c) having no people associated with the company that have ever been under investigation; d) having no record of being involved in a spam campaign, pump and dump scheme, or other fraudulent activities through the years that would raise AML / Anti Money Laundering or OFAC / Office of Foreign Assets Control issues; and, e) having no record of unregistered resales at brokerages - especially among the affiliates of the company.
AVOP - I think we all know we have good MJ stock in AVOP. It may take some time. In the mean time, here is a MJ story that will make you laugh. ENJOY!
AVOP - MJ News at NBC
Washington State's First Legal Marijuana Shops Set to Open Amid Chaos
http://www.nbcnews.com/storyline/legal-pot/washington-states-first-legal-marijuana-shops-set-open-amid-chaos-n147626
AVOP - Marijuana News Story.
Locally-grown, organic: LA's first ever pot farmer's market.
Los Angeles (AFP) - It looks like any other American farmer's market. Buyers sniff the wares, test weights and compare, while vendors tout their product. But the only produce on offer is cannabis -- organic, of course.
"We have lollipops for $7, chocolate bars to help you relax for $13, and 'cosmic dust,'" said Bill Harrison, a seller who also stocks plain old smokable marijuana.
The Heritage Farmer's Market -- held over the July 4th long weekend -- was the first of its kind in Los Angeles. Despite the scorching sun, the line to get in stretched hundreds of yards (meters).
The crowd was diverse and multigenerational, interspersed with hippies, rockers, hipsters and some nondescript suburban types.
But they all have at least one thing in common -- they all have, as required for entry, a doctor's prescription.
In California, marijuana is only legal for medicinal purposes. For recreational use, possession of less than an ounce (28 grams) could result in a fine. Larger amounts can trigger criminal charges.
Edwynn Delgado knows the laws by heart: "for medical use, you are allowed up to four ounces at home, but I'd like to bring back home more today," he joked.
He has smoked pot since he was 11.
"In my neighborhood, there was a always a lot of weed around," the smiling 20-year-old said, wearing a baseball cap over his black hair.
He became a "legal" user at age 18, when he got a prescription to ease muscle aches.
Delgado waited for more than an hour at the stand that offers the best prices, at $180 per ounce, instead of $300 as charged in a regular dispensary.
Besides getting a good deal, Delgado prefers coming where he can count on quality product.
"Street dealers are dangerous because they put other stuff on it," he said.
- 'De-demonizing' cannabis -
"It's like in a regular farmer's market" said Adam Agathakis, one of the organizers of the weekend fair set to end Sunday.
"People come here to talk to growers, to check that it's grown without pesticides and that it doesn't have mold."
The bearded 35-year-old, in pleated pants and a striped shirt, has campaigned to "de-demonize" cannabis since his father died of cancer a decade ago.
"When he was dying, marijuana was the only thing alleviating the pain," Agathakis said.
Marijuana grower Terry Sand said that cannabis markets have sprouted elsewhere, including northern California and Washington state, but they weren't quite the same.
"They were more like conventions. Here it's special, because they are bringing growers and consumers together," Sand said.
The former elevator technician said he grew up amid cannabis and marijuana: "My parents were hippies, they were growing (marijuana) in their backyard."
But when a new technique emerged to help boost cannabis productivity in covered areas, Sand said he saw a "massive overwhelming opportunity."
Cancer patient Karen Flores, 50, said she smokes because "it helps me relax, it helps my nerves, it helps the pain I have."
She came to the market for good prices and quality. "It has to taste good, to smell good," Flores said.
But she doesn't like to light up in public. When she is away from home, she snacks on brownies, like those she just bought.
Also on offer: gold-plated pipes, pizzas, meringue pies and waffles.
At Mathew Gerson's stand, a more unusual product is for sale: "it's a vaginal lubricant, it is coconut oil-infused," he said.
"With young women, it enhances sensations, and with menopausal women, it awakens their sexuality. And it helps them sleep."
Cheryl Shuman, head of a public relations firm, said she almost died of cancer in 2006, and credits marijuana for helping her pull through.
She joined the campaign to decriminalize marijuana, organizing the Beverly Hills Cannabis Club and becoming one of the leaders of Moms for Marijuana, an international group for women who support legalization.
One weighty argument in favor, Shuman emphasized, is the economic potential of the market, estimated around $47 billion for the US states where it's legal alone.
Link to article >>> http://news.yahoo.com/locally-grown-organic-las-first-ever-pot-farmers-203250334.html
AVOP - The US trading week is shortened due to July 4th: markets will close Today at 12:00 noon and 12:15 CT and are closed all of Friday.
Happy 4th to All - Be Safe
PSWS
AVOP - MJ is a new industry in the United States. It will take time for things to materialize and stabilize. BUY/HOLD and go Long. Here is some interesting reading about the growing pains in the industry. Excuse the pun.
SEATTLE (AP) — Pete O'Neil saw Washington's legalization of marijuana in 2012 as a path to retirement, or at least to his kids' college tuition.
He's paid tens of thousands of dollars in rent on possible locations for a pot-shop chain, hired lawyers and picked out flooring. But now the nation's second legal recreational marijuana industry is about to start without him.
O'Neil struck out in Washington's lottery for coveted pot-shop licenses. He has unsuccessfully tried to buy companies that scored a lucky number. In frustration, he's turning what would have been his Seattle retail store into a medical marijuana dispensary.
"Our company is bleeding money, and I haven't sold a single joint," O'Neil says.
As Washington plows toward the legalization of pot, it's finding that getting the cannabis market off the ground has been even tougher than anyone imagined.
Among the frustrated are growers who have been waiting months for permission to start raising their bar-coded plants; advocates who wish more public health messaging had been done by now; and would-be pot vendors like O'Neil who say bad luck, minor oversights on their applications, or errors by state officials have torpedoed otherwise promising efforts.
Washington's Liquor Control Board expects to issue the first 15 to 20 marijuana retail licenses July 7, months later than first expected, but it's not clear how many of those shops are ready to open. Board staff said last week only one shop in Seattle is prepared for its final inspection.
Randy Simmons, the board's legal pot project manager, predicts a "bumpy road," with an initial shortage of stores and marijuana alike. Many businesses that got lucky in the pot-shop lottery in April have since been disqualified, such as by being too close to schools or playgrounds. Others haven't finished building or made deals to buy pot from licensed growers.
"This is a gold-rush mentality and everybody wants to get rich," Simmons says. "Some people just don't have an idea what they're doing — no clue at all. It slows down the process."
Pot shortages are certain. More than 2,600 people applied last fall to grow marijuana, but those applications are being reviewed glacially by the board's 18 swamped licensing investigators. Only about 80 growers have been approved, and some won't harvest by early July. Hundreds of applicants haven't even been assigned an investigator.
Prices could run more than $25 a gram for the heavily taxed pot — about twice what the state's unregulated medical dispensaries charge — until more growers are licensed, Simmons says.
There will be no edibles available. People who want to make brownies, cookies or other pot-infused treats must have their kitchens inspected by the state. Of the two tested so far, one failed — it didn't even have a hand-washing sink. The report on the other hasn't been completed.
The board has capped the number of retail stores statewide at 334, but dozens of jurisdictions have banned them, prompting lawsuits in two cities.
Colorado, which also voted in 2012 to legalize pot for adults over 21, is bringing in millions of dollars a month while Washington struggles to build its industry. Unlike Washington, Colorado already had a regulated medical system, making for a smoother transition when it allowed dispensaries to begin selling for recreational use in January. Washington has also done more work developing marijuana safety standards.
Many industry hopefuls have found Washington's delays maddening. Douglas Taylor spent $230,000 on land for his planned outdoor grow. The payments run $1,600 a month, and he says the board hasn't even started reviewing his application. Meanwhile, he has missed the outdoor growing season — a revenue loss of about $500,000, he estimates.
Ed Rhinehart, 58, a retired businessman, counted on being licensed for an outdoor grow by April. He hired four workers, spent $22,000 on a required fence and dropped $10,000 on surveillance cameras. April 15, he laid everybody off. After months of back-and-forth with the board, Rhinehart expects to get his license soon. But he too will have missed the outdoor season.
"If I had to do it all over again, I wouldn't have done it," he says.
Many would-be retailers allege missteps by the board. For example, they point to mixed signals about whether officials would allow multiple people to apply for retail licenses using the same address. The board did, and some groups formed numerous corporations to apply myriad times — significantly boosting their lottery odds and prompting complaints they gamed the system.
Others say they were kicked out of the lottery because inaccurate measurements placed them within 1,000 feet of a protected area, because board staff misread their criminal history, or because they supposedly failed to turn in complete applications.
Simmons says anyone who believes mistakes were made in their removal from the lottery should appeal, and 127 people have done so. But it's unclear what the state will do for them if they succeed.
Despite the bumps, others credit the board for its handling of a monumental task. Bob Leeds, who retired from banking and social-services work, is a partner at Sea of Green Farms, a licensed pot-grower in Seattle. His team just finished harvesting 40 pounds — some of the first marijuana that will be legally sold in Washington.
"It's the most fun thing I've ever done," he says. "I had never seen a marijuana plant until a year and a half ago. Now I own 5,000 of them."
Link to article (includes AP news video)
http://finance.yahoo.com/news/bumpy-road-ahead-legal-pot-washington-050913699.html
AVOP - Marijuana is now legal in the state (Commonwealth) of VIRGINIA!
The US trading week is shortened due to July 4th: markets will close Thursday at 12:00 and 12:15 CT and are closed all of Friday for the July 4th Holiday.
AVOP - BUY/HOLD/LONG PLAY ~ put an alert on your trading acct for news or pps increase. No Worries.
AVOP - Go Long. BUY/HOLD/ put an alert on your trading acct for news or pps increase. Enjoy your summer. No Flip. No Worries.
All is Good. AVOP - BUY and HOLD. Waiting on news of DTC Approval. Will continue to load at this pps.
AVOP - SHARE STRUCTURE (as of May 2014):
Shares Authorized: 10 Billion
Shares Restricted (New Management): 8.1 Billion
Shares Floating: 1.9 Billion
AVOP - SHARE STRUCTURE (as of May 2014):
Shares Authorized: 10 Billion
Shares Restricted (New Management): 8.1 Billion
Shares Floating: 1.9 Billion
AVOP - No, I don't think there is dilution going on by the company. I think the big positions you see maybe the IPO guys who get large blocks of shares for work perform. They get large blocks of share at a discount. You know, the guys (companies or people) that take the company public (AVOP) (finance guys = mergers/acquisitions people). Most likely these guys hold shares from a few years ago (back when they were in Oil business) that perform services at that time. IF these guys are working on the same play book they will continue to dump until stronger news (i.e. DTC Approval, Signed agreement with a grower, stock reduction etc). Right now they are controlling the stock. My best advice is to BUY (the share they are dumping) and HOLD. AVOP is Win Win.
Just my opinion
PSWS
btw, I think the present day finance guys stock is most likely restricted.
AVOP - 8,114,739,873 Shares are RESTRICTED = BUY/ HOLD
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. Not a paid promoter. PSWS
Most likely just a mistake. AVOP will show to be a very good stock in time when they get all their ducks in a row.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. Not a paid promoter. PSWS
AVOP - Acquisition PR was very good news!
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. Not a paid promoter. PSWS
AVOP - No I am not Paid by anyone. Several years ago some iHub bashers tried to make an issue of the replies I would post to their lies; by saying I was giving stock market advice. Basically holding me liable for a random post on iHub. So, now I to just add this extra wording to my post. In addition, many of my post are automatically sent to my Twitter and Facebook page. Thanks for the heads up I will add Not A paid promoter to the disclaimer as well.
AVOP - Marijuana Incubator Group is a BUY and HOLD stock at this pps.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. Not a paid promoter. PSWS
AVOP - Marijuana Incubator Group = BUY and HOLD at this pps.
It is time to start the climb over a Dime!
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - I agree. Thanks!
AVOP - thanks! Just member marked you as well. I like the post about get tought like a Marine.
AVOP - because the smaller brokerage don't handle in house, they are hit with this fee. The broker at the smaller brokerage told me they have do it manually and they don't know what fee will be until a week or so later. Once this DTCC is clear this situation will be mute. No Worries.
SOLUTION: BUY and HOLD. You can still buy AVOP thru most brokerages. By the time AVOP management gets the DTC clearance we should be well over a dime.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - May 20th PR Confirmed!
"I contacted Vapor Town USA, and Tanner (close personal friends with previous owner/founder Jeff McCann) did confirm that things are underway with MIG and that everything detailed the PR is accurate as stated. Just FYI for what it's worth!" Posted by iHub member bong747
May 20th PR below>>>
Date : 05/20/2014 @ 7:30AM
Source : PR Newswire (US)
Stock : Av1 Group, Inc. (PC) (AVOP)
Marijuana Incubator Group, Inc. Enters Into Letter of Intent to Acquire VaporTownUsa.com
LAJOLLA, Calif., May 20, 2014 /PRNewswire/ -- Marijuana Incubator Group, Inc. (OTC Pink: AVOP) is pleased to announce that the Company has entered into meaningful negotiations for the purchase of VaporTownUsa.com, a profitable online vendor of top quality vapor related essentials. The terms of the acquisition detail a 100% purchase of the entity.
The Company's intention is to further develop and equip VaporTownUsa.com to become a strong and competitive contender in its sector. The Company was launched in 2012 to provide a wide array of novelties and essentials to smoking, aromatherapy, and vapor enthusiasts. Contrary to big online vendors and local head shops that carry a little bit of everything, VaporTownUsa.com's focus is entirely on Vaporizers, with a distinct emphasis on premium Vape Pens and portable Vaporizers; leading brands such as Arizer, Volcano, Magic Flight, Atmos and DaVinci.
Marijuana Incubator Group, upon researching the marketplace, has discovered that comparable vapor related websites, have experienced considerable recent growth, since the process consists of the timely and unmarked product delivery of products that are preferably acquired online.
Marijuana Incubator Group anticipates that VaporTownUsa will develop significant momentum in the short term based on the dynamic nature of the Company's strategy to drive traffic to the website and the provision of choice essentials through the privacy of internet commerce.
With the quality of product and structure of the business, VaporTown's profitability is expected to grow exponentially as the Company implements the intended marketing strategies which include promotion through leading internet and print advertisers.
Bryen Beglinger stated "We are very optimistic about the lucrative nature of this Company. We believe VaporTownUsa is very well positioned in consideration of its niche in such a quickly evolving industry. Our team is dedicated to realizing shareholder value by strategically acquiring companies such as VaporTownUsa.com and enhancing value by utilizing our 360 degree marketing model that is structured to propel these companies to heightened success."
The transaction is pending legal review to ensure compliance with state and federal regulation.
Marijuana Incubator Group was created to build a superlative operation in this budding industry, robust with revenue generating segments designed to integrate for optimum profitability. The Company's strategy is to develop its corporate structure through Joint Venture, Merger, and Acquisition, and is intent on being very selective in the acquisition process, refining options to businesses that will offer the greatest contribution to the bottom line. The Company's management team is currently exploring potential funding partnerships to provide the capital required to realize its short and long-term goals, and will be updating shareholders continually as further and subsequent negotiations unfold.
About Marijuana Incubator Group, Inc.: Marijuana Incubator Group, Inc., known as MIG, is a publicly traded investment and holding company established to identify, secure, and monetize emerging cannabis related technology, cultivation related and ecommerce businesses positioned for exponential growth in the Marijuana sector. The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in this market. Marijuana Incubator Group's comprehensive business model includes a division which delivers internally created projects that are poised for revenue, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, providing a significant resource of experience, knowledge and expertise to every venture. MIG explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in in the marijuana industry. For more information visit: http://www.mjiginc.com/
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
AVOP - Great work!
AVOP - SOLUTION: BUY and HOLD. You can still buy AVOP thru most brokerages. I own it at one of the smaller houses with the fee but No Worries because I am not selling anytime soon. So, do what I do and buy thru all brokers and HOLD. By the time AVOP management gets the DTC clearance we should be well over a dime.
AVOP - Marijuana Incubator Group is a BUY and HOLD play at this pps.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - You will find ETrade or Scottrade best for trading AVOP (right now) with out the fee. Stocks held at smaller brokerages that use an out side source to settle their stocks would see this fee (about a week later)due DTC. Etrade = No Fee because they handle their stocks in house; thus the reason why you can trade any stock with Etrade or companies who handle stocks in house.
The reason for the AVOP issue was spelled out in the PR dated 4/28/2014 as follows:
""Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. ..”
http://ih.advfn.com/p.php?pid=nmona&article=61983115
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - with 8,114,739,873 of those Shares being RESTRICTED
The beginning of a flow of great news!
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - Marijuana Incubator Group is a BUY and HOLD play at this pps.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - I think we are getting caught up on syntax and the message is getting lost in translation. We (the members in this chat room) are all talking about the same thing in regards to the DTC approval (i.e. Chill) here's why:
From April 28 PR>>>
"Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. ..."
Yes, it will greatly help matters when AVOP issues the next PR.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - The Chill was place on the former owners NOT on Marijuana Incubator Group, Inc
Yes, I find Etrade is a great company for trading OTC. Etrade is never stopped by a Chill.
The current management at AVOP is doing a great job on getting things to a A-1 status. Execution is top level.
This may be help for a brief education:
DTC Chills
"Occasionally a problem may arise with a company or its securities on deposit at The Depository Trust Company (DTC). In some of those cases DTC may impose a “chill” or a “freeze” on all the company’s securities. A “chill” is a restriction placed by DTC on one or more of DTC’s services, such as limiting a DTC participant’s ability to make a deposit or withdrawal of the security at DTC. A chill may remain imposed on a security for just a few days or for an extended period of time depending upon the reasons for the chill and whether the issuer or transfer agent corrects the problem. For more information on DTC chills and freezes, please read our investor bulletin “DTC Chills and Freezes.”
http://www.sec.gov/answers/dtc-chills.htm
From PR - "Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. ..”
>>> OTC Current = http://www.otcmarkets.com/stock/AVOP/profile. You will find ETrade best for trading AVOP (right now) while management completes the final steps to remove the DTCC chill placed on the former owners of the company.
From PR - “…Furthermore, the Company is embarking on face-to-face negotiations with financial partners who are expected to be key contributors in Marijuana Incubator Group's advantageous business model. ..”
>>> Monday May 12th 2014 Special ALERT From The Office Of The Publisher Of Sierra World Equity Review- “Latest Projections: Banner Bank To Provide Revolving $2M Credit Line For AV1 Group, Inc. (AVOP) As It Moves Forwards Predicts Sierra World Equity Review. Look for a new press release within the next 2 weeks, remember Sierra called this first!”
Sierra World Equity Blog Link: http://sierraworldequityreview.blogspot.com/2014/05/banner-bank-to-provide-revolving-2m.html
From PR “…Moreover, after careful review the Marijuana Incubation Group management team has agreed to not reverse split the stock at any time in the near future, as the current capital structure is sufficient to accomplish the Company's goals."
>>> RESTRICTED 8,114,739,873/ AVOP IR Info - Marisol 731-632-0303
"there are no diluting MM's here since the merger news.
Think about it, why would they go current, work on getting DTC chill lifted only to dilute and keep the share count that high."
HokieHead
For further and more complete information, I suggest you read VIPR sticky titled "Why I think AVOP is a #PENNY_RUNNER" here>>>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101800251
with 8,114,739,873 of those Shares being RESTRICTED we expect very good things here. As well as the other positive info expressed by mgmt (see stickies and recent PR's). There are many extremely smart traders buying and holding AVOP.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - with 8,114,739,873 of those Shares being RESTRICTED we expect very good things here. As well as the other positive info expressed by mgmt (see stickies and recent PR's). There are many extremely smart traders buying and holding AVOP.
AVOP - he knows it is great stock at a great price. And that we are headed to much higher pps than .0027. So. Let's see if he puts his money where is mouth is and buys large shares of AVOP today.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - Marijuana Incubator Group, Inc = Very Strong Buy at this price point.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - Strong BUY/HOLD. Use Etrade while mgmt completes legacy issue from the prior owners. MIG acquired AVOP shell in friendly acquisition.
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - several years ago there was a daily or weekly list (or something like that). Now , they don't publish the list. Your broker will have to tell you. Etrade is never stopped by the Chill List.
AVOP - Great Info!
AVOP - no problem. I have many trading accounts. You may want to open a Etrade account only takes a few minutes. Etrade trades every thing.
or
"looks like we can buy on ameritrade now on the level 2 anyone have Ameritrade to see if it is open now.
I see ATDF on the bid today" from aliangel
You really don't want this boat to sail with out you. AVOP is the place to be. IMHO
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS
AVOP - I agree. Managemnet is doing a great job on getting things to a A-1 status. Execution is top level.
DTC Chills
"Occasionally a problem may arise with a company or its securities on deposit at The Depository Trust Company (DTC). In some of those cases DTC may impose a “chill” or a “freeze” on all the company’s securities. A “chill” is a restriction placed by DTC on one or more of DTC’s services, such as limiting a DTC participant’s ability to make a deposit or withdrawal of the security at DTC. A chill may remain imposed on a security for just a few days or for an extended period of time depending upon the reasons for the chill and whether the issuer or transfer agent corrects the problem. For more information on DTC chills and freezes, please read our investor bulletin “DTC Chills and Freezes.”
http://www.sec.gov/answers/dtc-chills.htm
This chill was place on the former owners of AVOP.
From PR>>>
"Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. Furthermore, the Company is embarking on face-to-face negotiations with financial partners who are expected to be key contributors in Marijuana Incubator Group's advantageous business model. Moreover, after careful review the Marijuana Incubation Group management team has agreed to not reverse split the stock at any time in the near future, as the current capital structure is sufficient to accomplish the Company's goals."
*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS