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Hell, if he gets it to $40-60 I'M gonna dump and move on. lol I'll also buy a new house and car and probably retire at 50. :)))
I'm more worried about the low float. This thing could run up faster than you can change your buy order. $$$$$$
Of course, we're all waiting. And we all know we're sitting on a big pile of hope until it becomes official. It's no secret. You don't have to tell us. :)
Sure. Go ahead and sit it out. You can buy in after the run to $5.00 happens the day filings drop.
I will remain skeptical, but I'm not selling. I'm not sure how much Sam had to do with the other ticker, (it's obviously the same guy) but from what I can tell he came in as CEO near the end and had to deal with the mess the other guys made.
Maybe he's got something legit going here, so I'll wait and see. If there's a chance to hit big here, then I'll give it the opportunity. It's not like I bet the house on this, or even the dog house.
That article was written by a bot. It's not worth the effort to even click on it. The only relevant information was that there is a lot of interest in the ticker.
The Germans didn't bomb Pearl Harbor without taking risks. Which side of history do you want to be on?
I picked up another thousand today. Steadily accumulating. Good things are coming, I have no doubt.
Yep, it's all a guessing game for the most part. Hope you do better on the next one. It's really hard to catch these plays at the lows and sell at the highs. I've yet to nail one. In fact, I'm pretty bad at it. lol
So I was watching the L2 when all the stops were triggered. There were tons of buys lined up at $.11 to buy in 42K-47K blocks. One appeared right after the other after the other for several minutes. All the same size and roughly same price. Now why would they be ready and sitting there at that price if they didn't know a) the selloff was coming and b) this stock is going to be worth a lot more than $.11?
I agree, it's still speculative, which is why it was so easily manipulated. We need the filings to be sure. But somebody who knows something is extremely interested in owning stock here. I take that as better DD than a few peeps guessing about REITs and whatnot.
New owners coming in 2 weeks. Whatever it is, it'll be worth a lot more than a 3/4 of a penny! Why else spend the $1500 to file the motion?
Somebody wants a LOT of cheap shares and knows how to get them.
Actually makes me feel good for the long term prospects.
I don't see any reason this can't be a $2-3 stock in the next few months. A $50-100M market cap is nothing for this industry. Some of the smallest producers are over $200M. Once we learn a few more details about the company, it should explode.
I think we can put that idea to bed now. It's a pure oil/gas play, nothing else. Disanti is no longer involved here. He just brokered the merger.
We're going to dollars aren't we? Can't stop it now. Float will be bought up this week.
Sorry, but there are actual documents that show them as owners of over 100 well heads. Your history is a fantasy with no relation to UNRG whatsoever.
This is easily a $50M market cap. Could very likely be 5-10x bigger than that. Do the math folks. We talking dollars, not pennies.
Some people here were saying REIT. It was pure speculation. The thought was Disanti was using this to merge his own investment fund. Turns out Grassroots is just facilitating a client company to go public.
Either way, it should be worth more than the empty shell. Remember this ticker comes with the 23M NOL. That will be very very desirable to a company like this.
So they would increase the A/S. Not hard to do. But I'm not saying they would ever need to do that. They should be cash flow positive, which is rare in the MJ sector right now.
They are registered in Canada, and get the F, because it is legal there and not here. It was easier to merge with the foreign company in this regard. All of those in the list operate in the USA. Simple.
I just listed all the US MJ companies that have more than $5M revenue. ALL of them are on the OTC. Whatever method they used to go public, this is where they are.
If they need money for operations or acquisitions, they could just issue new shares via convertible debentures. MJ companies do it all the time. It's dilution, but it lets them expand since they don't have access to traditional capital markets.
Chesapeake Energy has a $2.1B market cap. That puts UNRG at $66.65 per share. Not saying they'll be that big. But 1/10 of that is in the $6 range.
Honestly, I don't even know what you're talking about. JC retains control of the company under any circumstance you can think of. I think most major companies on the big boards only retain 20-30% of total shares.
Pot stocks are near bottom right now. That much is clear. I own or owned a lot of them. That does not, however, predict future success.
If one would ever consider buying pot stocks, it would be right now, today, rather than when I bought last October near all time highs. There is tons of money to be made right now for those willing to wait for the rebound. The valuations are ridiculously low for some of these.
GRN will not be a on the pinks for long. Mark it. OTCQX within 6 months.
There are many Texas shale oil players that base out of the Dallas area. This could be f'n huge. It's only the largest oil and natural gas producing location in the world.
This is interesting. So I live like 10 miles from Sachse. The address is a middle class residential house in suburban Dallas.
Should I go knock on the door and ask what's up? lol
Yes, an OTC R/M has and will continue to be the goto method to go public for cannabis companies. They really don't have any better options available to them right now. There's several others in the process as we speak.
I'm not sure what it really matters in the end. If the legacy shareholders end up selling, it'll just increase liquidity. JC retains control either way. I think they'll want more tradeable shares down the road anyway, by forward split, if they ever make it to the big boards.
But to your question, Trulieve Cannabis has even less control.
Outstanding Shares 35,871,672
Restricted 4,667,027
Unrestricted 31,204,645
Float 29,224,527
I would also point out that 5 of the top 7 largest MJ companies in the US reverse-merged with a defunct mineral company within the last year. What did GRN Holdings choose to merge with? Discovery Gold Corp, a defunct mineral company. Guys, if you're in MJ and you want to go public, this is how it's done. It's been proven over and over.
This is big time.
All the US MJ companies are on the OTC. Most did a R/M just like GRN did. Are you saying these are all scams too? It looks to me like this is how MJ companies in the US go public. None are on the big boards. All do over $5M/qtr and some have over 2B market caps.
Trulieve Cannabis Inc > Schyan Exploration Inc RM 9/2018
OTC: TCNNF
Curaleaf Holdings Corp > Lead Ventures Inc RM 10/2018
OTC: CURLF
Green Thumb Industries > Bayswater Uranium Corp RM 6/2018
OTC: GTBIF
Tilt Holdings > Santé Veritas Holdings Inc (+ 3 others) RM 12/2018
OTC: TLLTF
MedMen Enterprises > OutdoorPartner Media Corp RM 4/2018
OTC: MMNFF
Cresco Labs > Randsburg International Gold Corp (empty shell) RM 10/2018
OTC: CRLBF
Harvest Health & Recreation > RockBridge Resources Inc RM 11/2018
OTC: HRVSF
Marimed Inc. > IPO on OTC 5/2012
OTC: MRMD
GrowGeneration > IPO on OTC 1/2019
OTC: GRWG
Columbia Care Inc. > Canaccord Genuity Growth Corp. RM 4/2018
OTC: CCHWF
iAnthus Capital > IPO on CSE 9/2016
OTC: ITHUF
Acreage Holdings > Applied Inventions Management Corp RM 11/2018
OTC: ACRGF
CV Sciences OTC: CVSI
Planet 13 Holdings OTC: PLNHF
Harborside OTC: HSDEF
AYR Strategies OTC: AYRSF
Terra Tech OTC: TRTC
C21 Investments OTC: CXXIF
Indus Holdings OTC: INDXF
Halo Labs OTC: AGEEF
DionyMed Brands OTC: DYMEF
MJardin Group OTC: MJARF
Vireo Health OTC: VREOF
Vapen MJ OTC: VAPNF
Cansortium OTC: CNTMF
Green Growth Brands OTC: GGBXF
What if they were not able to IPO on the big boards because the big boards don't allow MRBs that operate in the US to list under current law? That would leave the OTC as their only option. Does that make more sense to you?
Sorry, but a typical dump would be up to .02 and back to .008 with no hope of recovery. This is not that. What we have here lately is a lot of flippers moving on to the next big momo ticker. They'll be back the second the news hits and we start the next leg up.
What is actually going on with UNRG is a company in pre-ipo stage taking over the ticker. Nobody is pumping and nobody is dumping. We're just in between news releases.
15 trading days until custodianship.
I predict at least three 50%+ runs leading up to it.
Direct link to the UNRG court case:
case# A-19-801091-B
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=Oi7hM0fjEmeCOlc3pmivYw2&tabIndex=3
Custodianship has been granted. Just waiting to see what company Disanti has lined up to take over.
It WILL be a profit generating, stock-value producing company. I can guarantee you that. Impatient people are bailing at $.18. Smart people are buying. ;)
That is exactly right. The exchanges must follow US federal and international laws to avoid any liability. US states that have legalized MJ do so under state law and do not supersede federal law. The exchanges cannot recognize what Oregon or California does when they deal with national or international regulations because the US government could confiscate all the assets of every single MJ company in the US if they wanted to. It's still illegal as far as the FBI is concerned. The DOJ just chooses to not prosecute those MJ laws in the current climate. But what if the climate changes?
AGREED! Even if they are not able to uplist now, I am firmly of the mind that they will be able to do so in the near future. I only post the requirements and hurdles involved to educate people, not discourage. I am heavily invested here. :) If they have to stay on the OTC for a while, so what? That doesn't stop us from making a lot of money. Plenty of OTC stocks have Billion dollar market caps.
It would be nice to get the legitimacy of big boards and institutional funds coming in. That will come in time. There's too much money in MJ for the US not to allow this to happen.
Just read this thoroughly and then evaluate if they can uplist or not. My opinion is no, as long as GRN Holdings reports revenue from MJ companies. The TSX spells it out pretty clearly, and the big boards pretty much mirror this thinking. The point of contention which would prohibit uplisting is if GRN Funds has equity stakes in MJ companies. I'm pretty sure they do since JC said in the first shareholder meeting they were listed as an MRB, marijuana-related business.
https://www.sec.gov/Archives/edgar/data/1633061/000161577419010058/s119255_exq-2.htm
You know that's not accurate. Name change was filed and accepted by state of Nevada. GRN Holding Corp. writes the checks now. Ticker change is still pending.
I honestly don't know why ihub hasn't changed the name for the ticker to GRN Holding Corp.(DCGD). Yahoo has.
https://www.otcmarkets.com/filing/html?id=13607672&guid=7UGSUH4SFOka_yh
$1.00 is not much. Should help the P/L report. ;)