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There are over 200 dispensaries in Colorado. At this point, I don't care which one it is, but they need to place an autospense in one of them.
Do you know the reason why Shearin didn't show up at weedstock this month? That would of been a great opportunity to get their story out. Was erbb not invited or were they afraid that they would be exposed for what they are when put in the same room as the legitimate companies in this sector.
BBM... you are going to have to move that bid up if you want to get filled. I have a feeling that our end of the day buyer is going to be back around today.
Alan Brochstein quote on ERBB from last week....
If I can get time, I am going to spend some time discussing some other big problems at MJNA. It, along with HEMP and ERBB, are a huge embarrassment to the sector in my view.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104564098
It is pretty bad when you are mentioned in the same sentence as HEMP. I feel bad for the honest people here that really think they are supporting the marijuana movement through their support of American Green. The only thing American Green is doing is pumping out shares and putting the money in their pocket.
Solid trading today. It looks like the sale is over. Someone really wanted to get in today. It was nice seeing the 250k bid at .077 going into the close. It took a 100k hit and remain unchanged so there may be some depth to it.
It is from the article linked in the post right before mine.
http://ayrot.com/endexx-corporation-edxc-stock-analysis/
I like this quote....
Endexx launched the beta version of m³hub in April 2014 and have just released the 1.0 version. They are talking with about 50 sales prospects at the moment and expect to book revenue of “a few hundred thousands” in fiscal 2014, which ends in September.
LAMP....
http://www.thelampost.com/
http://www.lampostfinancial.com/
Lampost Financial Inc
Seattle, WA
206.236.0336
Boca Raton, FL
561.883.0454
They have an office in Seattle Washington which is pretty interesting.
Do you think Joseph Stevens or The Vicente Sederberg Firm would associate their reputations with erb*?
I wouldn't call this fluff... Endexx bringing Joseph Stevens on board last week is going to start paying immediate dividends. Check out his background.
Joseph Stevens is an East Coast pioneer in the medical marijuana industry. Joseph single handedly navigated through NJ's highly restrictive Compassionate Use of Medicinal Marijuana Act and Regulations, opening Greenleaf Compassion Center in December 2012, the first operational facility in the state. He worked hand in hand with the NJ Department of Health and Senior Services to meet the stringent State compliance requirements including, but not limited to security, inventory management, risk assessment, personnel management, cultivation procedures, and safe patient access. He assisted the Department of Health in establishing laboratory testing including the development of protocol for isolating and identifying quantities of THC, THC-A and CBD's. The results of his success with compliance set the standard for the remaining licensees to meet in order to be approved for becoming operational.
Joseph created Greenleaf Consulting, LLC and consulted for Curaleaf in Simsbury CT to assist with their marijuana production facility application. Curaleaf was one of four producer applicants awarded permitting in January 2014. He has also provided consulting services in Massachusetts for Be Well Organics and MassMedi-Spa. He has most recently been engaged to assist an Illinois group with licensing and is in discussions with others in Arizona, New Hampshire, and Illinois who are all in pursuit of licensing.
That million share bid last month was legit too. I watched it go down on the time and sales. It was at .105 if I recall correctly.
Why do you think the million share bid at .076 is fake? It has been there for almost two weeks now.
This is from the following press release in May...
http://finance.yahoo.com/news/endexx-hires-leading-independent-audit-134500047.html
Todd Davis, CEO Endexx stated, "Transparency, compliance and accountability are principles on which our company operates, and are a driving force behind the technology and services we provide to the cannabis industry. Hiring a leading audit firm with experience in software and life sciences will allow Endexx to provide investors with the transparency they need to make sound decisions. Additionally, this will lay the groundwork for uplisting to a major exchange when our growth permits. In the meantime, we will be working with our audit and legal teams to meet the OTCQB standards."
Markets closed at 1:00 for the holiday. Turn off the computer and go have some fun!
Have a great weekend everybody and get ready for a big week starting on Monday!
For stocks like Endexx dilution is going to be required and in fact I expect it. They need money to attend these conferences, make acquisitions and roll out new business (m3hub, autospense etc). Selling stock to enable them to execute their business plan is not an issue. However, the more the stock is worth the less they have to sell, that is why I am concerned with the lack of increase in share price.
This is from the last quarterly report.... not a big deal especially compared to pretty much every other penny stock.
On January 22, 2014, the Company entered into a subscription agreement with an unrelated
individual for 66,000 shares of our common stock for $5,000 or $0.0758 per share.
On February 14, 2014, the Company entered into a subscription agreement with an unrelated
individual for 1,000,000 shares of our common stock for $100,000 or $0.10 per share.
On March 7, 2014, the Company entered into a subscription agreement with an unrelated
individual for 1,000,000 shares of our common stock for $100,000 or $0.10 per share; in
connection with this placement we also recorded a common stock subscription receivable of
$100,000. Subsequent to March 31, 2014, we received the payment for this transaction.
On March 31, 2014, the Company entered into a subscription agreement with an unrelated
individual for 62,500 shares of our common stock for $10,000 or $0.2395 per share.
It is underway right now... 7:00 - 7:30 Colorado time. Bill Chabaan is up next at 7:30. Some of the companies that presented during market hours today saw a nice pop.
Alan Brochstein has started posting updates from Weedstock on his Twitter feed. You can keep tabs on it at...
https://twitter.com/Invest420
The Autospense machine is all set up and ready to go at Weedstock. Check out the picture on Alan Brochstein's twitter that was just posted. I bet this is the machine that is staying behind and getting placed in the dispensary in Denver.
https://twitter.com/Invest420
Todd better have something lined up. It is the day after GreenRush and the last trading day before WeedStock and we are down 7 percent and still bouncing along the bottom. There is still zero market interest in this ticker. At the current price when the financing starts the dilution will not be pretty.
If and when we get the right news you can throw those charts out the window. Why would anybody sell right now when Todd is heading out to the GreenRush Conference on the 26th and then to Weedstock this weekend. Have you checked out the agenda for Weedstock?
http://weedstockconference.com/agenda.html
Every big name in the industry and who is giving the prime dinner time presentation Monday night? That is right... Todd Davis. I would think that he has some news saved up for this conference and that he will not disappoint. How is that factored into your charts?
“The Right to Make a Lot of Money” by Todd Davis
Anybody here going to weedstock next week? Check out who is presenting back to back at the Monday night dinner.
http://weedstockconference.com/agenda.html#
6:30PM-7:00PM
Dinner & Endexx, Corp. (EXDC)
"The Right to Make a Lot of Money"
Todd Davis, CEO
7:00PM-7:30PM
Dinner & Creative Edge Nutrition, Inc. (FITX)
Company Presentation
Bill Chaaban, CEO
Good to see the 900k share bid back up at .102
Interesting trading today... some serious size on the bid just above .10. I saw a 900k share block at one point. Too bad we couldn't get a green close.
There is a good video of Todd speaking that was posted to the m3hub Facebook page. Check it out...
You wouldn't happen to have a link to the recent filings on the Orange County Courts website? I purchased a couple of them a few months ago. The only ones I am able to come up with are from 2012.
Why would they wait to release info until after the conferences?
Let's see... they press released it twice and also stated that there was going to be an m3 hub update. They then spend all day Sunday and Monday talking about the company to potential investors. Today they are in Colorado doing the same thing. To be unchanged and barely breaking 200k shares two days in a row is disappointing by any body's standards.
Presentation was yesterday at 4pm. EDXC management spent two full days in Vancouver and couldn't convince one investor to buy into the stock...
Endexx will be making a corporate presentation at 4:00 pm on June 2nd and give an update on Endexx's medical marijuana division that includes M3Hub cloud based asset tracking and management system as it applies to the Canadian medical marihuana program.
The conference starts on Sunday. On Tuesday they are off to an investor conference in Colorado. This week should be real interesting...
They weren't issued a patent. They were only granted a notice of allowance.
Receiving a notice of allowance is a step on the way to registration.
Looks like a prearranged buyer and seller here.
A grand total of 14,000 shares have traded so far. I wouldn't call that whacking the bid.
Unfortunately the "I am a pot stock" gravy train has run out and now investors are actually looking at the fundamentals of individual companies. Things were great a couple of months ago when there were only 10 pot stocks. Now there are 10 new pot stocks a week. With the lack of information from management we aren't getting any new investors. We have completely fallen off the radar and the Cannabis Cup and Growth Capital hasn't appeared to change anything. Longer term investors are selling to move on to better opportunities or they are selling now and planning on buying back in at a lower price.
It looks to me that TEJS is just making a market for EDXC. They are neither long or short. Just taking advantage of the rather large spread between the bid and ask that is usually found here.
Well the Growth Capital Expo starts today. Was expecting that we would be getting some news or updates this week. At least the Italian Ices should go over well in Vegas.
Tough to get new investors, or for that matter keep the current ones with this extended lack of information.
It would be nice we could see the m3hub video from the Cannabis Cup...
Check out the vengo labs twitter feed to get an idea of where this is going.... https://twitter.com/vengolabs
Here are some examples...
Someone is about to enjoy some @TridentGum thanks to the #Vengo at @TribecaBluHotel. #SuperUseful
Someone just grabbed some @TridentGum. Get yours too from the #Vengo at @ERoundtable!
You’ve wanted to try the #Vengo at @PourhouseNYNJ? Someone else did and got some @TridentGum! #DontMissOut #SuperUseful
I guess that confirms that the thcfinder.com deal is dead.
This is great.... you can hear a pin drop here while the zazzz has been covered on every news organization nationally, including the Stern show. We have had a better machine for over two years but apparently management wants to keep it a secret. Why wouldn't management release our press release on Friday and at least be a part of the conversation?
What is Joe DeRobbio's status with the company?
According to his personal Facebook page...
https://www.facebook.com/joey.derobbio?fref=ts
He is a Managing Partner and Co-Founder of Millenium Capital Partners. No mention at all of Dispense Labs or Endexx. On his Facebook he has managed to "Like" 154 other Facebook pages but still hasn't gotten around to "Liking" the M3 HUB Facebook page?
If you check out his LinkedIn profile....
http://www.linkedin.com/pub/joe-derobbio/b/a79/729?trk=pub-pbmap
It says...
Joe DeRobbio's Overview
Current
Managing Partner at Millennium Capital Partners LLC
Past
President at Dispenselabs
President -Creative Motion at Creative Motion Design
Unfortunately I am starting to question management here.
The states are mandating that certain tracking software be used which is creating new issues. Check out some of the quotes from this article...
http://mashable.com/2014/02/11/marijuana-rfid-tracking/
Most significant is the state-mandated system does not integrate with the tracking and point-of-sale software medical marijuana dispensaries have been using to keep tabs on their products for years.
Mike Elliott, executive director of the Medical Marijuana Industry Group, a trade association that promotes and protects Colorado's medical marijuana industry, explains that business owners who want to continue using their current sales software still need to input data into the state-operated system manually. This leads to a doubling of information, wasted man-hours and the potential for human error in recording sales transactions.
However, the government system hasn't made it easy. It relies on the store's own bookkeeping records to keep track of a plant from the moment it's harvested to the moment it leaves the store, and these two sets of software are mostly incompatible.
This is where Endexx's software comes in to play. According to Todd their software can wrap around the state mandated software and create a new front and back end that solves many of these problems.
I saw the scores when they were posted a while ago and I recall them as being more middle of the pack as opposed to low.