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Because, as an MJ related business, they are not eligible to list on the big boards under current regulations. That's why all the pot companies operating on US soil are on the OTC or Candian exchanges. All of them. The OTC was not only their best option, it was their only option. Soon enough they'll get off the pink and hit the QB or QX.
I don't see why one would pay more in order to gain nothing? Buying the rest of the shares doesn't affect GRN one way or another. They have 100% control of the operations now. Why pay more to get what you already have?
You didn't answer the question. How should they go public, if not this way? What is the better path?
Curaleaf Holdings, the largest pot company in the world with 1B/year projected revenue, took over LDVTF last year and opened at around $9.00 per share on the OTC. I should know because I bought it then.
Do you have a more appropriate way to take your company public? Consider your only listing option is the OTC or maybe a Canadian exchange, and you want to get this done in a matter of months. What do you do? Reverse Merge into a nice debt free stinky pink shell. That's what you do.
Give me a better method to taking a marijuana related business public, please. Straight IPO? Fine, if you want to wait 18 months. RTO, reverse takeover, is also a valid option. Many other pot stocks have done it, but likely costs much more per share. Also note those are all on the OTC as well.
There is nothing fishy or stinky about what GRN has done. You just have to understand why they did it and it all makes sense.
Please also correct the price GRN paid for DCGD. It's .001 per share, not .70. Although, that would make the penny stock record comment even more epic. lol
Did a bot write that? Serious question.
100% BUY. STILL. Don't let people tell you otherwise.
https://www.barchart.com/stocks/quotes/DCGD/opinion
So much wealth being spread around here. It's amazing if you think about it.
Same for me. My trading acct is nothing but pot stocks. I was down big 2 months ago. I sold all my losing pot stocks for 50-60% loss and put it all in DCGD. I've since made up the entire loss and well into profits now. Best stock decision I ever made.
Thanks Captain Obvious.
Of course this stock is worthless if nothing moves into it. It's hard to prove what's real without the filings. We all know this. If you want to take a leap of faith, trust that the assets are as advertised and invest early, you can and several have, become a millionaire. Else, sit on the sidelines and wait for it. You can probably still make some money after the filings hit, if you're quick.
Is twitter that much better? IS IT? lol
LOL. You're wrong. But those analytical skillz tho...
LOL. Should I go ahead and sell now or wait until $205? I'm willing to wait.
Aha. OK thks.
DCGD % Held by Institutions: 55.65%
From TD... you guys think that's right? Seems high at this stage in the game.
Understandable if you need confirmation. But the price of admission is getting higher every day. The DD is good enough for me to take the gamble. So far, it's been a fantastic decision.
It's not out of the question this becomes a huge single day runner. Could be mind blowing. I just hope I don't sell too soon or too late. I'm terrible at timing. lol.
Same. Hate to admit, but that did me a real solid. :)
No paid promotions. Very little social media and none of it misleading. And you can't stop news articles that mention how awesome Justin Costello is.
Furthermore, if he did indeed fail to sell those MJ companies (for the sake of argument since no one here knows) and is bringing them into the holding company, those are legit businesses with real assets and revenue. HOW IS THAT PUMP AND DUMP?
You see the problem with that comparison, right? There has been NO promoting of DCGD. None. And NO selling by Justin Costello. In fact, he has been very diligent in not answering the multitude of questions he gets every day to avoid any conflicts. All of those questions will be answered in time, as the law permits.
Why do some people just assume the worst case scenario is happening all the time? It's almost like they want this to fail. Why is that?
GRN Funds owns both of these. Not sure what more you are looking for?
Pacific Banking Corp:
Do you know how much money payment processors make? My employer pays 3-5% on every single transaction. Our fees are several hundred thousand a year and it's just one small business. It's big money and really a genius way to profit in the MJ industry without having to actually have much in the way of physical assets or overhead.
The big catalyst for that last big dip was the fake article that came out. I don't see it dropping 30% in a day like it did. Maybe a little, but that's ok, it won't last. The arrow is pointing straight up on on this one.
Wouldn't mind that. Another great buying opp. if it happens.
Please provide proof of anything you just said.
Well, I'm only up 84%, but that's because I've been averaging up as much as possible. :) I didn't believe when I first saw it around $.10. That cost me a bundle, but not as much as those that still don't believe. After it hits $5, those guys are just gonna be standing around going, whaaaaaa? What happened? But but but, it's an empty shell. Look at the limos! I don't get it! lolol
One day soon, all the speculation will be put to rest and it will be clear who the liars and manipulators are.
Nobody is disputing this. Does that prevent anything that's been put in motion from moving forward? Of course not. It's a non event.
At the MOST he will get a fine, but that's doubtful. There is no FRAUD here. He's already publicly said it was a mistake. That is not willful or misleading.
I'll be yawning as I count all my $1 shares Friday.
Here's two that quote the same source, but there's many more that published this:
Honestly, I've never cared to learn how it works in detail. My conscience won't allow it. It just makes me feel dirty. Like I stole someone's puppy.
1. Kelley has been mentioned in several news articles as a founding member of Gencanna Global.
2. Costello is not involved with Gencanna directly.
3. Kelley is CEO of Sunshine Hemp and has a prior relationship with Gencanna.
4. Costello appointed Kelley to be on the GRN Holding Advisory Board.
5. Kelley, a prominent hemp expert, is tight with Gencanna and GRN.
6. GRN could profit from aforementioned relationships in the future.
7. DCGD Stockholders WIN.
They'll plant around 10,000 acres this year. Sorry, my memory added a zero. lol They contract out to dozens of local farmers. The 150 acres is just their research plot.
Yes, that's the kicker, right? We're gambling that it'll be substantial, but it's still just a guessing game right now.
That's why it's trading at .64c right now rather than $20.
The assumption is GRN Funds will be under the GRN Holdings umbrella. It's not confirmed, but it's not a great leap to think that. Especially considering the WA law requiring all assets be included in the merger.
If anyone is wondering what's the big deal about hemp seeds, Gencanna (who have something like 100,000 acres of hemp cultivation) purchased $25M worth of seeds from Marimed last quarter. That's just one supplier. Guess who is a founder of Gencanna? Michael Kelley. Guess where Gencanna might be buying seeds from in the future? His new business, Sunshine Hemp.
GRN Funds is a partner with Sunshine Hemp. And Sunshine CEO Mike Kelley is on the GRN Holdings Advisory Board.
https://floridapolitics.com/archives/301492-last-call-for-7-22-19-a-prime-time-read-of-whats-going-down-in-florida-politics
I was just saying an IPO takes much longer to go public than what they are doing. Not that they are doing an IPO. When the assets are acquired, we will find out what and how much from the filings. Relax, it's all going to happen. I hope you're not going to be left behind here because you seem really interested.
It can take over a year for an IPO to complete. 2 months is nothing. This is why they did a merger. Events will unfold when they unfold. Just need to be patient.
Bill Gates was a college dropout. From Harvard.
Interesting, no?