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$200 looks sooner than later!
The entire world could decriminalize and it would have ZERO effect on this scam of a company. The company is run by an immature, inexperienced management team that is nothing but a bunch of pothead clowns that are a cover for the frauds at Dutchess Capital and their manipulative schemes to fool investors and make millions by selling hoards of zero cost basis paper at the expense of legitimate investors that bought into the scam. They have no business as evident by the 2 year history of complete failures and mismanagement of investor funds.
They have no assets only liabilities. The only thing they could sell are the pipes and empty bottles in the CEO's office. LOL The companies they acquired cannot be that credible if they were stupid enough to allow this sham to acquire them. Probably just another front to buy more time to allow the masterminds at Dutchess to liquidate the rest of their paper before the walls cave in on the sham. Why not pay $12M for a company doing less than $1M in sales. At the end of the day the shares will be worth zero!
You have to love the 50K on the offer at $0.37. Who, outside of the crooks at Dutchess, can afford to sell in volume at this levels? They must know the bottom is about to fall out and this sham is about to shut their doors and taking whatever they can get for their remaining shares.
Ain't that the truth. Seen the Dutchess story many times. We short every deal they and Chardan get involved with. Not one of them ever work out well for anyone who buys into the bogus business models.
And in the classic Dutchess fashion, he manipulated young Dietreich by giving him millions of shares (all locked up due to his majority position) in false hope that they would be worth something someday when the sly fox was the only one to sell his millions and millions of shares that he paid $50K for.
No doubt a house of cards and the CEO does nothing but lie and mislead in a n effort to justify the company's existence when the whole world knows the lack of credibility of management and the company.
Just another PR scam! They could not list on a chalkboard right now! Lol!
Considering they paid about 30 million share for CannaRegs and if you think it is worth $1M, the stock price should fall below $0.05 - sounds about right based on the history of this company and clowns behind it. They should do a case study of how NOT to run a company - this company and management would be the perfect subject matter!
You confirmed what I had heard regarding this clowns' mannerisms and work ethic. Has no clue what he is doing and just trying to buy time until the cards come tumbling down. His dad (Dutchess and Leighton) and his band of crooks have probably cashed out millions while he will be left to hang by the innocent shareholders.
They cannot pay their bills from what I have heard and have been forced to reduced their worthless workforce - THEY HAVE NO RESERVE!!
Unfortunately this company has dug a hole too deep to recover. Their credibility is shot, somehow pissed away $17M worth of "equity raises and warrant redemptions" (as the CEO likes to announce) and just overpaid for a business that may be able to pay for 2 weeks of their burn.
A 9th grade education would be a step up compared to the education and experience of the goofs running this company. Maybe you should run this company - could not be any worse than current management based on the history of this company, pathetic financials and history of mismanagement of funds.
This just goes to show you the incompetence level of this idiot CEO. He is nothing but a front man for the frauds at Dutchess Capital. One of our associates in Seattle spoke to a recent ex-MSRT employee and they concurred that the guy is a complete flake. High all the time, drinks booze during the day, dresses like a homeless person and shows up to work around noon. COMPLETE SCAM.
And that is why the stock has done nothing but drop.
Stock going straight down the toilet as predicted. Endless selling everyday, all day long!
The only thing these potheads market is their stock in fraudulent promotions. They have no other business and zero skill sets to run a successful business.
What do they have to market? By the looks of the financials, the only product they sell is stock to keep this sham alive and give these worthless potheads a salary and take care of the crook mastermind behind this sham being Dutchess. What was the name of the "Head of Marketing"?
Just received a call from an associate that was in attendance as well and he basically shared the same opinion. He said that the guy presenting (I assume the CEO) appeared nervous and not confident in the future or direction of the company. Not sure where they think buying a company for 12M shares that only does $450K in revenue will turn this Dutchess scam around when they burn through $12M in questionable expenses in one quarter. The company has given shareholders no reason to buy this stock!
Based on their financials, he should of been jailed!
Nice to finally hear someone agree with me. I have been saying all along that this was nothing but a cover for the crooks at Dutchess to print money at shareholders expense.
I see this sham of a company is presenting at this bogus industry conference in LA (who host a conference on Labor Day weekend). Cannot wait to see how they embarrass themselves and what BS they try to talk about. Should be a short presentation since they have no business and only know how to pay for promotions, issue bogus news announcements and sell stock at deep discounts to keep these potheads employed.
Looks like the toxic financiers are giving up on this pig as well as it appears they are determined to continue to sell at these levels even after they and the company tried to fluff the stock with their idiotic decision to use fraudulent promoters.
Company has to resort to fraudulent web promotion. Company is hardly real!
Cannot say I did not warn you. I would file a suit if I were you.
Difference is that many of the potheads on the list did not frivolously burn through 17 million and did not subject shareholders to the negative longterm effects of constant web promotion and being nothing but an ATM machine for crooks like Dutchess and Chardan. This company is a complete joke and the laughing stock of the industry. How do all you longs like the expected fall in stock price?
Typical fallout of a stock that has to resort to fraudulent web promotion to create false interest and false volume. Stock will test new lows. Has anyone looked into who is authorizing and paying for these promotions?
Which means sell into the artificial volume before the stock tanks again!
Stock trade false volume created by promoters and the stock hit a wall as par for the course. Stock will test new lows in next few days as word is out that this scam has to resort again to stock promotion to move their toxic financiers paper.
They could by Apple Computer, it all does not matter as long as this buffoon of a CEO continues to allow the company to get promoted by all these fraudulent websites and newsletters. This crook has done nothing but drive this company into the ground and pissed away $17M with NOTHING TO SHOW OF IT but an elementary mapping and posting application. CannaRegs will not save this company, just dilute the market more with more stock and will never make up for the millions of dollars this company loses on a quarterly basis.
If you are long - I advise to sell into any volume before this moron of a CEO is forced to dilute you even further. This clown is nothing but a shill for the crooks at Dutchess and Chardan and has no clue how to run a business, only how to protect his toxic financiers that allow him to have a job and issue low priced paper to these frauds and dilute shareholders.
The company is NOT cash flow positive and CannaRegs whopping $450K in annual revenue covers about 2 weeks of this Potheads spending based on the last Q.
Just like the past, this is nothing but a timed announcement to support the idiotic decision by this puppet of a CEO to allow the company to be promoted by the frauds at Winston Small Cap, Penny Stock General and the other scumbag web promoters that were paid by Sunrise Media, LLC. The acquisition on CannaRegs will turn into a flop just like Whaxy and Odava. $450K in revenue does not make a dent into the ridiculous burn rate and criminal spending habits of this buffoon of a CEO. The company pissed away $12M last quarter - ON WHAT???? Revenue drops, monthly burn increases and they continue to issue more low price paper to keep these pothead employed while unable to make a dollar - great business model! This clueless pothead running thic company must be a stock cronie of Dutchess and Chardan!
There will be no bottom to this scam.
But the stock goes nowhere because this idiot of a CEO has allowed the company to be promoted again instead of trying to build a real company.
Based on the 8-K filed today it looks like the irresponsible, unprofessional management team is forced to raise more money as they have mismanaged the $5M they claimed they raised earlier in the year and the $1.2M a month or so ago, all while not growing the business or generating any revenue. I would not trust this CEO running a lemonade stand as he would find a way to lose money and spend every penny on rotten lemons and melted ice. This pothead may go down as the all time loser in the CEO Hall of Shame. I am clueless as to why anyone would associate themselves with him and his company as they have turned into the laughing stock of the industry. No money, no experience, no revenue and a suspect reputation based on their inability to conduct themselves in a professional manner or execute. Add in their history of making mistake after mistake and you wonder why their stock is trading near all time lows.
The Q tells the story of what a scam this company and its principals are. This scam has less than $35K in the bank (did any of you listen to this clown of a CEO claim in the last investor call that they were in "the best cash position of the company's history") as of June 30th, paid $60K and issued almost 3M shares of stock to the clowns from Whaxy which has not brought in a penny of revenue, increased payroll by almost $700K for the first 6 months of 2017 compared to 2016 and increased G&A expenses by almost $1.7M for the same time period ALL WHILE REVENUES DROPPED BY ALMOST 50%. THIS FRAUD OF A COMPANY IS LOSING HUNDREDS OF THOUSANDS OF DOLLARS PER MONTH. Who in their right mind would ever invest in this garbage? The CEO and Board should be fired and charged with mismanagement of shareholder funds and locked away with Madoff! Typical Dutchess deal and would love to find out how much money that crook Leighton walked away with while using these clowns as pawns for his toxic scheme. And you people wonder why I have advised you to stay away from this pig.
We have been shorting this pig since $1.25 knowing that it was a Dutchess/Chardan deal and how this clown of a CEO has run it into the ground. We are not interested in covering our short until 0.05 and below - that is where all public companies that do business with Dutchess/Chardan end up.
I would "flip" this to the downside. Q was absolutely pathetic.
Stock lost all credibility by involving themselves with fraudulent website promotion. This will not be on our short list!