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I almost forgot about Billington.
I find it odd that they couldn’t book any revenue because VBF was a non profit until December 21, 2017, but they booked all the expenses like labor and g&a.
Also I wonder who the third person is here, one is Valerie, the other is most likely TJ, but who is the 3rd person:
“ITEM 11. EXECUTIVE COMPENSATION
The particulars of the compensation paid to the following persons:
(a) our principal executive officer;
(b) each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended October 31, 2017 and 2016; and
(c) up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended October 31, 2017 and 2016, who we will collectively refer to as the named executive officers of our company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:”
Just the first one so far, but I’ll dig into it today to see if any familiar names come up.
It does look like quite a bit of work is being done there, lots of electrical upgrades especially. Interesting that VBF is non compliant on several of those permits, maybe it’s an easy fix, not real sure, one is a resource management permit, the other is health, and the third is for fire. On the bright side I believe I have found all of the businesses at 20420 Spence rd. Those businesses seem to be compliant with their permits.
Here are the businesses that are at 20420 Spence rd:
CORY FARMS LLC
TOP NOTCH FARMS
OCEAN GROWN HORTICULTURE INC
HARVEST PACIFIC INC
VBF BRANDS INC
I didn’t realize it until just now, but they can grow up to 10k sq feet now. Their new license is a “small mixed light tier 2” not the same as the “specialty mixed light tier 2” license that expired on March 16th. The “small mixed” license expired on 6/17/2018. Slightly odd that the state would extend the license of the one that expired 9 months ago and not the one that expired yesterday. Even stranger that the company didn’t pr it.
My money is on the green houses being full. They are worth too much money to sit empty, but the weed does not belong to VBF or SIGO, it is most likely owned by the leaseholder, Lighthouse Botanicals. They’re the ones with the licenses, a whole bunch of them in fact.
Maybe they’re like me and they only pay by the share? Having two shares in your account is annoying to look at, even if they did spend $4.95, it’s a small fraction of their loss, which they’ll be writing off anyway. There is so little volume here it’s easy to end up with a partial fill. I don’t see much benefit in “painting the tape” at 9:30, hasn’t affected trading that’s for sure.
Looks like they put a ton of effort in that site :p
I notice if you click on a job it takes you to Zip Recruiter, the rest of the site is unfinished.
It’s probably someone getting rid of leftover shares from a larger position that they owned, now they don’t have to look at two shares that they took a massive loss on.
They don’t really have a choice. They took the money already, and we know Fife has the shares, it’s only a matter of time before he gets to sell. If there was any good news from the last year, I would think they would have pr’d it. They never did release any harvest numbers from the summer.
Was expecting a few more 10K’s and Q’s by now.
Have they ever responded to your emails?
Here’s a little more info:
Hey you may see this posted soon so I wanted to give you a heads up. I saw this question on vbf’s instagram page about vbfcannabis.com
https://www.instagram.com/p/BsdleMOnWzu/
At first I thought no way, this website is janky looking, 2 of the reviews haven’t even purchased anything, and they were written in 2017, the site was created in October of 2018. They’ll ship weed all over the US and Europe, so big red flag, but then I went to the contact us page, and low and behold they have 20420 Spence rd as the address. I checked the phone number, it’s a voip out of Ny, and then I found two more domains. Another is meggacannabisstore.com and bestmedsshop.com
The sites are very similar even down to the stupid reviews. All 3 use Oma voip and they have no payment encryption. The other two sites use an address for a dispensary in San Jose called Buddy’s. So I called Buddy’s to see if they were associated, turns out they’re not. Seems like scammers are creating these sites and they put some real details in them to provide authenticity I guess
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=146063557
I’m not real sure they have anything to do with VBF. I bet if I kept digging I could find more sites that are similar but with different stolen addresses. Hopefully they’ll notice the comment on Instagram and look into it.
I wonder if they send the weed though ;)
Hey you may see this posted soon so I wanted to give you a heads up. I saw this question on vbf’s instagram page about vbfcannabis.com
https://www.instagram.com/p/BsdleMOnWzu/
At first I thought no way, this website is janky looking, 2 of the reviews haven’t even purchased anything, and they were written in 2017, the site was created in October of 2018. They’ll ship weed all over the US and Europe, so big red flag, but then I went to the contact us page, and low and behold they have 20420 Spence rd as the address. I checked the phone number, it’s a voip out of Ny, and then I found two more domains. Another is meggacannabisstore.com and bestmedashop.com
The sites are very similar even down to the stupid reviews. All 3 use Oma voip and they have no payment encryption. The other two sites use an address for a dispensary in San Jose called Buddy’s. So I called Buddy’s to see if they were associated, turns out they’re not. Seems like scammers are creating these sites and they put some real details in them to provide authenticity I guess.
I’m assuming a desperate long will latch on to any small news they can, praying that VBF will actually sell something.
Honestly I thought it was a documentary! Took me a few minutes to realize it was fiction.
It starts a year earlier, and I assume by the end of the season it will be October of 1987. Definitely a comedy, Don Cheedle’s character has done at least an ounce of blow in the first episode and the Lehman Brothers are actual twin brothers. Somehow Cheedle’s character is going to be the cause of the crash. If you want to DVR it I believe it starts on the 20th, but it’s streaming the first episode on my cable box already.
Hey before I forget there’s a new series on Showtime called “Black Monday,” it’s about the stock market crash in ‘87. I don’t think any of it’s true, but I streamed the first episode and it was hilarious.
Too late for me then, my iPhone has seen and heard too much :O
You do actually have to be a real doctor, or have the ability to write a prescription, which in California can be a certain type of nurse. That nurse needs to work under a licensed doctor though. I’m sure there have been many scammers, but I’ve checked to make sure they’re licensed with the board and they’ve all checked out.
One day the robot student will be our master :)
They would be the “Dr.” I have a guy if you want his number, $60 for the 1st one, and $40 for your yearly renewals, but there are hundreds to choose from. I know it sounds like a scam and it kind of became one because they were so easy to get, but it’s well worth it.
The first time I got my prescription I had to go to West Hollywood, right on Sunset, back in ‘99. The Dr was in the back of a hair dresser business that became a doctors office after 5 pm. He’s asking the questions a normal doctor would ask, but he’s not even listening, he’s busy filling out the prescription. Two minutes later, and $160 and I was off to the dispensary right next door. I couldn’t believe this was allowed, and I was just waiting to get arrested or pulled over, but it was no big deal.
Yeah but getting people to do your work for free is much more impressive.
Every adult has a legit reason. Have you ever had trouble sleeping, or some pain in some part of your body? Congratulations you qualify! You can do it through Skype now in about 5 mins and they mail you a copy of your prescription. The biggest benefit is the tax savings, you still pay the state tax of 15%, but you won’t pay the local taxes which can be steep, it literally pays for itself on your first weed purchase. Also you can grow 12 vs 6 plants with your prescription, and carry a lot more weed, I believe it’s four ounces vs one ounce.
I’m sure eventually you’ll see all sorts of crazy pics as more money pours into A.I. I gotta say, whoever came up with the idea of getting the general public to do what is essentially free work is a genius. Most people aren’t getting free coins, they’re just trying to prove they’re not a robot.
They’re using your brain to teach self driving cars how to drive. Most of those pics are the ones the computer can’t figure out.
One two year old 10k does not make them current. They’ll need to file several Q’s and a K to be caught up.
I did, doesn’t look like they’ll own them for long. Lots of new convertible debt was issued since their last filing. Fully diluted shares is nearly 115 billion outstanding!!!!
Here are some highlights. I’ll look into the YA note some more, looks like that’s the one securing the farm now:
“The Company may also be obligated to issue an additional 114,889,067,758 shares of common stock including shares of common stock issuable upon exercise of options and warrants and excluding shares of common stock issuable upon conversion of convertible notes. There is no assurance that the Company will ever have enough authorized shares of common stock to honor the exercise and conversion requests of its options and warrants.”
“On September 22, 2016, the Company received notice of an Event of Default and Acceleration from one of its lenders regarding a Promissory Note issued on March 14, 2016. (See Item 1A. Risk Factors). As of the date of this filing, the Company is in technical default on all notes outstanding. On October 31, 2018, the Company and the affiliates of YA PN, LTD., entered into a Forbearance Agreement regarding the notes, Security Agreement, related documents and the financing arrangements described within the Forbearance Agreement pursuant to which the affiliates of YA PN, LTD. agreed not to enforce certain of its claims. “
Delinquent taxes
“The Company and some of its subsidiaries are currently delinquent with their respective federal and applicable state tax returns filings for the years ending December 31, 2016 and December 31, 2017. Therefore, we may incur additional taxes and costs. At this time, we are unable to determine whether or not such additional taxes or costs would have a material adverse effect on the company or its net operating losses, as discussed below.”
Note Forbearance
“In June 2018, we extended the maturity date of the note to August 20, 2019. In consideration for the extension, we agreed to make a payment of $250,000 by May 31, 2019 in addition to the regularly scheduled payments under the note. We also agreed to a loan extension fee of $40,000 payable by July 16, 2018 and $2,500 as reimbursement for seller’s costs and expenses.”
Medvend lawsuit
“In January 2017, we settled the litigation and agreed to pay the original shareholders of Medvend an aggregate of $375,000 in 6 installments over three years. We defaulted on the original settlement agreement and are currently in negotiation with Medvend for a payment plan and settlement agreement.”
Creaxion lawsuit
“On August 23, 2017, Creaxion Corporation filed a Complaint in the Superior Court of Fulton County, Georgia, styled Creaxion Corporation, Plaintiff, v. Notis Global, Inc., Defendant, Civil Action No. 2017CV294453. Plaintiff plead counts for (1) Breach of Contract in the amount of $89,000, (2) Prejudgment interest, and (3) Attorney’s fees. The Company was served on September 26, 2017, and did not respond to the Complaint. On November 30, 2017, the Court granted plaintiff’s request for a Default Judgment in the amount of $89,000. Further, the Court scheduled a hearing for December 14, 2017, in respect of expenses, attorney’s fees, and interest at a rate of 6.25%. On December 14, 2017, the court entered into default judgement for the plaintiff for $89,000 and pre judgement interest at a rate of 6.25%.”
Maturities on Notes Payable are as follows:
Years ending:
December 31, 2017 3,367,479
December 31, 2018 4,093,272
Total $7,460,751
10K for the fiscal year ending December 31, 2016!
So a little over 2 years late filing this: https://www.sec.gov/Archives/edgar/data/1547996/000149315219000276/form10-k.htm
That days trading is definitely strange, but the numbers don’t add up to the reverse split of 553 shares. Also when I look at trading data for December 13, it looks like pretty suspect, someone dumped hard that day, way more shares than should be available in the float, and the 3 insiders claimed they didn’t sell in the 12/31/18 filing. Then the stock takes off on much less volume on the 21st and 24th. Those 3 days of trading make me think there’s more to this than a mistake with an R/S. I have a feeling we’ll eventually get some answers to this but it could be a while.
Has anyone sent an email to the company yet?
I’m not sure who dropped the ball on this either, my guess is someone in the US wasn’t notified. Whether that’s FINRA, OTCM and/or the TA I have no idea. But it looks like this R/S was well planned, it was announced in April and the shareholder meeting was May 24.
Here’s a link to their articles of incorporation, the R/S occurred June 28, 2018.
https://www.sedar.com/GetFile.do?lang=EN&docClass=35&issuerNo=00002557&issuerType=03&projectNo=02793212&docId=4349604
Here’s another filing to send to the TA so they know about the R/S. Never seen a doc like this in the US, so I’m not sure how common this is, and who keeps shares in cert form anyway?
https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00002557&issuerType=03&projectNo=02767804&docId=4412506
Assuming the insiders haven’t sold a share since their 12/31/18 filing, there’s only 151,772 shares trading.
Has anyone looked on SEDAR? I haven’t been watching this board too closely, but I found a filing from Dec 31, 2018 that says a R/S was completed by July at a ratio of 1:553.
“In July 2018, the Company completed the share consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every five hundred and fifty-three pre-consolidation common shares. All applicable references to the number of shares and per share information has been restated to reflect the effect of the share consolidation, unless otherwise noted.”
Not sure if I can hot link to this page, it has a captcha.
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00002557&issuerType=03&projectNo=02861395&docId=4443883
Im still trying to figure out how 20% is better than 100% of the revenue.
Well there was this gem, instead of 100% of the revenue, we found out they only get 20%:
“‘I wonder if the other bays you saw, were filled with someone else’s mj, someone with a license.’
Well, if they are, look at the bright side. At least we’ll be able to get 20% of the net revenue at no cost to us.
Perhaps there’s some other revenue streams in there as well......”
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=143581451
She may have, but that’s no excuse to ignore longs who were polite from the beginning, and to ignore some emails completely, makes even less sense.
When’s the last time you spoke to her, it seems this company grew more weed in 2017 vs 2018?
You seem to be the only other one then. Some longs haven’t heard from her in months. In the beginning she was quick to reply.
Has anyone else even received a reply from SIGO? None of my emails get returned, and from what I’ve read he’s the only one who has gotten a response, never mind a private tour.
Best way is to go to the email message and right click, click select all, then right click and copy and paste it into your post on ihub. Feel free to edit out your contact info, if you don’t want your email posted.
Show us the email with the date, there was a change on the 18th.