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Sessions can't do SQUAT without the authority and order of the President!
Where would be be if Session's wins out and puts the cab-bash on cannabis sales everywhere.
This means "he" can't win-out or put the cab-bash on ANYTHING on HIS OWN!
Like I've said numerous times, Sessions may be the BEST THING that's ever happened for MMJ!
Think about that...
IMO, we've gotta hold on to what we've got
At this point, it doesn't make a difference if we make it or not.
Roche & us shareholders got each other and that's a lot
For money, we'll give it a shot.
You were saying...
Grabbed a starter position at opening. Pulled the trigger too soon at .012.
Yo HC777, The gig on 6/28 is the perfect platform to "mention something". The Bahrain LOI on 5/31 said "expect to close in a few weeks". "Awareness" alone is not what I'm looking for!
Make sure you check the "Original Air Date" in the description. It airs at 4:30AM on an NBC affiliate in SC. The 6/28 show says "air date" 6/27!
I set the 27th thru the 29th to record just to cover it!
Don't know if this helps or hurts the "pro-con" debate, but the footnotes indicate a 10b5-1 plan. I.e. a "predetermined plan to buy or sell without insider knowledge".
SEC Rule 10b5-1 provides a defense against charges of insider trading if you later trade stock while you know confidential, important information about your company.
A Rule 10b5-1 trading plan is a program for the periodic purchase and/or sale of your stock that meets the requirements of this SEC rule. When properly created, these plans provide company insiders (usually executives but also any person who has stock or options) with a way to diversify their interest in company stock and, hopefully, manage the media and market reaction to executive stock sales.
Typically, these pre-established trading plans specify the number of shares to be sold (or purchased) at the price and date detailed and/or have a formula or algorithm that triggers the trade and the number of shares involved. In the interpretation of experts, a simple limit order (e.g. sell 5,000 shares when the stock hits $22) does not create a Rule 10b5-1 trading plan. If its conditions are met, Rule 10b5-1(c) sets forth an "affirmative defense" in litigation over insider trading. These requirements include:
your sales or purchases followed a detailed plan or arrangement that was established when you were unaware of "material" undisclosed information about the company
your transactions were made either by an independent person who must follow your advance instructions on when to trade or by a person you granted discretion, leaving you with no subsequent influence (e.g. pursuant to a blind trust, power of attorney, or broker's discretionary account)
Example: A written one-year contract between executive and broker that instructs the broker to sell 10,000 shares on the first trading day of each month and twice as many shares (20,000) if the price has increased by 5% since the prior sale date.
Some of what you said came straight from my brain! I thought about the national exposure to GIGL's "chicken wrap" & agree it will do nothing for revenue or the share price unless people from all over the country start flying to CA to visit the 2 GIGL locations instead of Disney, Hollywood, etc.
HOWEVER, I refuse to believe they went thru this effort, expense?, call in a favor, whatever, to tell the country about chicken wraps! It does not make sense.
The timing for this event fits perfectly with what Parsi said about Bahrain LOI. On 5/31 he said "we expect to close in a few weeks". OK, so 6/28 is exactly 4 weeks but close enough. An announcement a day or so before 6/28, or something from Jillian during the event would be perfect.
Also, during the recent Fox thing Jillian did, she said "...we will be opening 5 locations...". She. Didn't say "we plan to, we expect to, we hope to". She said "we will".
Now add what Parsi said today, "As we move forward with our expansion plans outside of the Southern California market, and the launching of our various product lines..."
Maybe we don't hear anything until just before 6/28 or until 6/28? Extra! would be perfect to announce or reinforce an announcement. If we don't get something hard & real by 6/28 that implies new revenue, I'll be shocked (and quite annoyed!)
Nope, nothing regarding "proof" of sale but I can't imagine it didn't happen? Also highly doubt anybody other than Roche bid.
Attorney never got back to me but since I'm confident Roche "won" the bid, I can't think of anything he would or could tell us at this point anyway?
I have read 10, 30, and now 60 days "to report sale". But all of that came from speculation on "this" board. I can't find ANYTHING official regarding an actual requirement as to "when" a sale must be made public. I can only "assume" an amendment will be filed at some point to the UCC files in IL & NV...
So I was doing some forensic investigation on "Mark E. Leipold", the attorney for Roche handling the liquidation.
I found a paper he wrote some time back regarding "An Alternative to Chapter 7", i.e. bankruptcy.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjQl4H8v8vUAhXIPCYKHf_wD3wQFggoMAA&url=http%3A%2F%2Fapps.americanbar.org%2Fbuslaw%2Fcommittees%2FCL160000pub%2Fnewsletter%2F200908%2Fleipold.pdf&usg=AFQjCNHUFEZLsOnxkUGgRj8DJ6fj8HX7LQ&sig2=114MF_1fTM3q3BLtKlzcYw&cad=rjt
Things I found of Interest:
Through an Assignment, the insolvent company’s assets can be sold quickly and efficiently, and the liquidation proceeds can be distributed to creditors shortly thereafter.
In Illinois, an Assignment is simply a contract whereby the troubled entity (Assignor)transfers legal and equitable title, as well as custody and control of its property, to a third party (Assignee) in trust, to apply the proceeds of the liquidation of the assets to the Assignor’s creditors in accord with priorities established by law. Unlike a Chapter 7 however, an Assignee can more easily elect to keep the business operating while he tries to sell the company as a going concern.
Does Roche have a plan?
Man, you're "on fire" lately...
Sessions is our hero.
Like you said, likely doesn't mean anything, but who multiplied their shares "by $200"?
Be honest!
Absolutely!
Garden City Beach, SC
I've actually thought for a while now that Sessions is the BEST THING that could happen for MMJ! By stating he "wanted to prosecute those in the industry", he forced Congress to act.
The US is past the tipping point of going after MJ. I actually think there would be armed resistance if the Federal Government attempted to arrest, prosecute, & confine "everyone" who is pro-mj.
I live in SC where even though MJ is everywhere, many still think of it as the "devil's cabbage", mostly because it's illegal. They have been attempting to allow MMJ & it's currently being debated at State level. The state's "top cop" is always involved in the discussion which I thought was weird? Why is law enforcement being asked what they think alongside Neurologists, MD's, etc about MJ? Then I heard him say "if the state or Feds legalized it & defined the rules, it would make things simple. Boom. FWIW, SC makes a habit of NOT passing many individual "state laws". They prefer to simply follow "Federal Guidelines". So if it became legal at the Federal level, SC would likely simply follow Federal law.
Nailed it.
Quote:
Nothing has changed here. Nothing more than a chart play that was showing maybe .63 at the highest. Now to go below .54 and close read
Yikes. I actually added first thing today.
Haven't sold 1 share since first buy Feb 1. Can you & everyone else claim the same?
Yes, I appreciate the DD provided here, but you also know that not "all" information regarding debt & financing has been 100% "accurate". Let's not go there.
We know there is no "known debt" that can be converted or even exists & it does not make sense that .10 cent warrants would be exercised. It's a cautious observation that I don't recall VNDM hanging out all day?
If it's shorts covering or someone "using" them as a loading wall, that's GREAT by me!
Well, VNDM on the ask all day, volume way up, & PPS stuck just below their ask. Time to check TA?
Thought it was cool I was the first order of the day; buy 6,250 at .11
Didn't think it was cool when price dropped to .10
I'll think it's cool again when we go back over .11
Thanks. I saw that & know "anything is possible". I guess I'm annoyed at the speculation that "everything is happening according to plan".
Nobody would "plan" things this way. It would be "normal" or preferred to announce the new hire simultaneously with the departure. Anyone who disagrees with this simply needs to look at today's trading and closing pps.
I wonder if the CFO will "get fired" next week, like Ziv? By the way, didn't Ziv quit get fired also "to make room for the new incoming merged-with company's CEO"? Wasn't that like 2 months ago? Big news coming...
Why does this feel like déjà vu to me? Also, if you're replacing a key figure for expansion or any other reason, don't you normally hire the replacement/new guy first?
Ever see that sign behind a bar that says "Free Beer Tomorrow"? Problem is, I keep coming back! A confused long...
You're actually making a stronger case that Roche has a plan and cares about the share price:
1) Whatever the number is, he already has majority control & doesn't "need" more shares.
2) If he took payment in shares, he would not be able to default on RVUE, seize the assets, & control the shell?
3) If he took payment in shares at .0026, he could have also taken the "traditional OTC path". Release bogus PR's while dumping millions of shares. At today's PPS, seems like he could have made a lot of money quick?
Thanks!
Yes, go truck bodies!
I'm a long time bag holder here so I'll try not to dwell on it, but the MCV acquisition NEVER happened.
With NV, "Yes" need account. Also had to pay $2 to see filing...
I sent a brief email on Monday to the lawyer mentioned in the ad. (Mark Leipold) He is a partner so I thought I had a better chance than calling?
I referred to the "public" sale (key word=public) of RVUE assets & simply asked if he could confirm if the sale occurred, was Roche the winner, & the amount.
I have not received a reply so doubt I will. I will post if I hear anything. Maybe someone would have better luck calling?
Me no comprende?
Quote:
Do you know what this issue is dated?
That is my "assumption". No confirmation from attorney. I believe "it happened".
Don't think $135k matters? I also found Roche registered UCC with Nevada SOS for $460k amount on 4/6/2017 with terms of default, doc. # 2017009361-0
It's "almost as if he planned for this in advance"...
I found the public UCC sale listing:
http://adage.coverleaf.com/advertisingage/may_15_2017/MobilePagedReplica.action?pm=1&folio=33#pg35
Scroll right. Looks like everything including pencils, erasers, paperclips, shell?, etc. is included.
I contacted the lawyer for more info yesterday but no response. As Dr. Evil would day, "need the info"...
Yep, where I stole the line from...
Don't pick on owc$, I own a lot of shares there! Lol
So you're saying there's a chance? Lol
Nice post...
I'll drink to that!
I would love to be wrong and hope that is the case!
I spent an hour or so searching for the auction & didn't find anything? It is "public" so I thought something would come up? Doesn't mean it didn't happen, I just couldn't find it.
I think the results of the auction PR will be vague and leave us hanging. To be clear and also to letitgrow, I have no doubt Roche wants the shell, has a plan, & knows what he's doing. I just think it will take more time than what we hope.
Remember, we knew the second to last funding ran-out March 31 but it took until mid-May to hear the next move. I am still expecting the "Thomas's" to have an "I told you so opportunity".
I honestly don't know what you're saying here?
My thoughts are all over the place right now, like super-ADHD mode! But, if the float is anywhere near what's been suggested, maybe like you said, peeps are just going to see where this goes?
As much as I would like to wake up one day real soon to "riches surprise", I think things will drag out somewhat longer, which could bring another shake out?
Shutting up now before I change my mind again!
MKAU. SQUUAK is the Next AOL Friendster!
Anyone think it's odd despite decent volume & a 34% gain that there were no trades after about 12:20PM?
The MCV Acquisition was a figment of Bob's senility.