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I'm no expert. Is that something they'd have to disclose? They already owned the shares so nothing changed hands other than what they reported selling to GRN. Why would they have to report that they kept their own shares because the buyer didn't want all of them?
And I'm not stating anything here as fact, as you like to do. I'm purely hypothesizing.
Why do you think the former owners still have 45% of their shares? Because, IMO, the $300,000 was a cash portion of a much larger deal. Those guys are going to get paid down the road. No question it was all arranged in the negotiations. You say the shell was worth more. Well, yes, indeed it is.
Also, the Form 3 states the new owner. GRN FUNDS. An existing LLC. It's not a stretch to say they paid the $300k.
You and the rest of us will find out soon enough what GRN HOLDINGS is worth when everything is finalized. That day will be the end of the nonsensical speculation.
Dude. You have it backwards. GRN FUNDS bought the shares of DCGD. JC didn't buy it with a personal check. At any rate, he can sell it to GRN Holdings for $1 if he wants. He's the sole owner.
The letter stated that JC would prefer GRN Funds staying private. That much is likely. However, that does not preclude them from becoming a wholly owned subsidiary of GRN Holding and remaining a private LLC. There's not much reason to keep it totally separated. I think he's trying to consolidate all these companies under one umbrella to make it easier to manage. And, of course, to profit from going public. The bigger he can make it the more successful it'll be from an equity standpoint. The board members and Mgmnt will likely get share compensation.
Nobody knows for sure what exactly will be part of the holding company, but GRN Funds is not off the table IMO.
I've got a few that are green. It's not that bad. I see 7 up, 13 down on my watchlist. But none of that matters here since they all need GRN BANKS lol.
It's been well documented why they are doing it this way. Everything you just said is EXACTLY WHAT THEY WANTED for a merger.
1. OTC clean shell that's SEC compliant
2. No debt to take over
3. Low share count
4. Reasonable price $300K plus 45% stake. (I assume the former owners keeping 45% was part of the negotiated deal.)
They are on OTC because they have to be as an MRB. The are merging because it's a faster and cheaper way to go public. There is nothing strange or nefarious about it.
Why not?
Ah, someone just threw a couple twenties into the pot. lol Weird seeing this little trading going on.
Is it halted?
Hope it because of pending announcement....
Couldn't have said it better. Like the STATE OF FLORIDA knows less than our ihub super slooth about GRN and Soulshine. Hemp could be a bigger industry in FL than citrus. I'm sure they looked at his background very hard.
Oh, don't get me wrong. I'm not saying there's a roadblock here. This could go to $300 on the OTC. With this float there's nothing stopping it if people want shares.
I believe. So, that theory has been proven wrong right off the bat.
Uplisting is not happening until the law changes. Come on guys do some research on this. People just keep promoting scenarios that aren't possible. I'm totally on board with this company, but we need to KEEP IT REAL. This will stay on the OTC for several years, minimum.
That would be great. But people have been saying $1.00 by Friday for the past 3 Fridays. Let's hope the ticker change and PR comes out next week. Could definitely be a terrific week if so.
There doesn't seem to be great momentum to get SAFE passed quickly. But if it does, there will be small and regional banks that will be providing services and competition. But the major big banks will stay away until it's fully legal, IMO. First movers will definitely have an advantage.
That's certainly a theory. I don't know if it'll hold up or not. I would LOVE that it be true, but my gut says not a chance. Nothing I've researched suggests that holding companies get a pass. There are no precedents of that happening.
I don't think they could do it anytime soon. They still have to meet the minimum stock price requirement, so definitely not right away. Plus you have to consider they will not qualify if they own pot companies, which I think they do. I'm convinced this is why they chose to list on the OTC in the first place. They have no other option. Give it time for the laws to change. I think it's at least 3-5 years before they uplist.
Right, sorry. I just realized my mistake. 4 letters it is.
There's lots of 5 letter stocks too on the OTC. I think it'll be 5 personally. GRNHC. Why wouldn't ya?
I was wondering why not GRN? It's not taken. Wasn't sure what the minimum letters is. Most of the pot stocks I have are 5 letters on the OTC. GRNH is taken. But GRNHC is not...?
It closed green. Again. What's there to complain about? :)
Have a great weekend!
Management positions being filled. Get your shares people.
Discovery Gold Corporation (GRN Holding Corporation) Adds Chris Irish and Kyle Hockenstein to its Management Team
https://finance.yahoo.com/news/discovery-gold-corporation-grn-holding-171500648.html
I don't know the laws on this, but if he provides some details about his private company, GRNfunds, then that would be ok since it's not SEC reporting? As far as I know, GRNHoldings doesn't have any holdings yet.
le·git
1. conforming to the rules; legal.
"is this car legit?"
(of a person) not engaging in illegal activity or attempting to deceive; honest.
"to see if he's legit, I call up the business"
2. US
extremely good.
"their meats and sandwiches are legit"
adverb
adverb: legit
1.
truly; genuinely.
"his superhero outfit is legit awesome"
Those guys don't control anything. They sold their interest to GRN. Nothing since then has their name on it. Might as well be saying the cumulative IHUB board with their shares are calling shots there.
If JC was orchestrating a pump and dump then why he didn't sell millions of his shares when it hit .90? Because he's not done scamming us? I mean jeez, this guy is not your typical pump and dumper if he doesn't even take profits at peak pump. He's schooling everybody. This will be in the new pump and dump textbooks. I mean he even set up all these fake websites and companies years ago just for this grand scam. lolol.
No, I don't believe any of that. The simplest explanation is he is legit. The companies are legit. And we are all going to make a lot of money with him.
I'm at -86%. Not worth messing around with right now. I didn't put all that much in. I could sell now and get $150 back or just hold it for the next pump. I'm gonna hold it. You never know what'll happen. The original DD associated with the runup hasn't changed, it just hasn't happened.
YES I CAN IMAGINE. :) And this is coming to Florida. 2nd biggest market in the US and ZERO banks servicing them.
IT'S HUGE.
What's hard to understand here? They can't have armored trucks pick up the cash like every other cash dealing business? How many times have you seen one of those in front of a grocery store? Maybe the truck brings the cash to another physical bank that accepts their deposits or maybe they just stash it in huge ass vaults scattered across the state. lol Who knows? What does it matter?
Read their webpage again:
Pacific Banking Corp offers most of the banking services that traditional banks offer, but with daily monitored security, virtual banking, and a personalized banking experience. Manage your business with ACH, wire transfers, cash depository & logistics, eCheck, and online account management. Our services meet the highest standards of compliance according to BSA and FinCEN requirements.?
Along with your PBC Advisor, you’ll also have an experienced team of banking liaisons to help facilitate KYC due diligence, site surveys, account boarding, revenue audits, compliance oversight, and daily operating transaction reporting.
Governance, risk management and compliance is the umbrella term covering an organization’s approach across these three areas: Governance, risk management, and compliance The GRN Compliance Program can performs a full audit and compliance assessment of legacy cash and will monitor and evaluate daily transactions.
Say goodbye to the risks of cash handling and hello to managing your business money in the palm of your hand. Contact one of our PBC Advisors today to learn more about our banking processes and submit your application today.
They don't have to have a physical branch location. It's not necessary.
I don't know if you've stared into a 1000W grow light before, but that's what I'm looking at. :))))
Different meaning of the word, I think. He meant it's barely functional as a business.
Hard to argue with that logic. Would love to see what he's got going behind the curtain.
Question though, if GRNfunds stays private as a GRN Holdings subsidiary, do we actually get to peak at their portfolio, or just the basic revenue/assets the holding company reports attributed to them?
JC has obviously has been breaking the law for years. Surprised no one has caught on to him yet. Why doesn't someone go ahead and notify the feds about all these shady unauthorized dealings? Maybe there's a reward?
What makes you think they owe excise tax or need a wholesale/resell permit? They aren't that kind of business.
I just filled at .566. Didn't even see it hit that. :)
HA! I was just thinking it would be sweet if SA would put out another hit piece before I buy more shares tomorrow. Today's bump cost me around 1500 shares. I want some more cheapies. lol
That's what we're here for, right? I've followed a lot of pot stocks over the last several years and I've never gotten onto one at this stage of development. (I use pot stock loosely here in regards to GRN). The fact that they are not a grower/dispensary is a plus to me. They are providing a service that ALL those other pot companies want and need. Every single one. Who are their competitors? What is stopping them from succeeding? I can't think of anything substantive.
Sure, but it depends on what the Holding is invested in. I don't know for sure, but my understanding is GRN is invested in actual pot retailers. If they own 30% stake in Soulshine Hemp, no problem. But if they own 30% stake in Soulshine Cannabis, then that could be a problem. I don't think the fact that GRN HOLDINGS doesn't actually physically touch or sell the product matters. They are collecting revenue from them, and that does matter.
It would be much easier to claim you were just providing fertilizer or packaging or banking than an actual direct stake in a retailer.