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Pretty bad for sure. When the supreme Court becomes involved, there is something seriously wrong.
Company needs protection because of how poorly they managed their operations.
Nothing to worry about though, right?!.
!!!HELP!!! LOL Good luck everyone.
Not enough cash generation, Ill minded management, repetitive poor decisions, repetitive poor management turnover etc etc etc...
Pretty much received the worst news today, prior to a company going bankrupt.
They still need to make their payments, protection will not last forever.
They are on the brink of bankruptcy.
Trust me, ATB Financial is NOT going to just sit back and do nothing. They will get their money back. ATB Financial is not some flim flam company. They are a major player in the financing world we live in.
Worked for them under IBM contract years ago.
Been watching the Carnage unfolding all day.
"Put it this way, I personally do not care about this "company" anymore. Their failures are constant and in everyone's face all the time. What assets will be sold off next just to keep the lights on?
Took my loss and am now invested into my own venture.
ACMPR on its way lol.
There's a right way to run a business, and a wrong way to do it. Invictus chose the latter of the two."
Today's pr was confirmation to the MOST SERIUOS FAILURE to date.
EXTREMELY DETRIMENTAL.
Kiss the German deal good bye. PODA, loi, no supplier mentioned. Where's the product that supposedly existed a couple years back.
List goes on and on.
Now the big boys are coming after them.
Put it this way, I personally do not care about this "company" anymore. Their failures are constant and in everyone's face all the time. What assets will be sold off next just to keep the lights on?
Took my loss and am now invested into my own venture.
ACMPR on its way lol.
There's a right way to run a business, and a wrong way to do it. Invictus chose the latter of the two.
As stated in post 7121:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153717646
"Andrew was equally as upset about the current situation and did not have much additional information to add other than what he has been reading in pr's.
He is encouraging investors to send him their concerns to be escalated to management and stated we may receive a reply or not, or just be ignored (the usual)."
Agreed, finally on the level. No transparency here.
They're full of crap. Too stupid to even back up their own press releases. Too dumb to update their board of directors.
Let's release a press release referring to our website for additional information that is non existent.
Absolute fail.
So where is the additional information? eom
Face it, the company has proven it's incompetence time and time again.
Not many have the answers.
Where's the additional information that is accessible to the public as per your linked pr site to Invictus?
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Can't seem to find any information about that on the Invictus website...
https://www.invictus-md.com/news/
Thank you hurri, for your precise and realistic observations.
Why would a company seek financing from multiple companies and have the deals blow up right in front of their faces if their was not something else seriously wrong with the company.
Proven DD would make most shy away or make them run for the hills, so to speak.
Take care everyone.
At the moment, it's pretty obvious what's happening with the company.
If the company had to "think about it" that hard, maybe they need new accountants.
If they don't know what they are doing, maybe they need brain transplants, or just go back into the formal world being led like sheep.
MAYBE none of their decisions make any sense.
MAYBE they have a trillion dollars financer lined up in the background.
MAYBE they own the whole pot growing industry, and their just not telling us.
MAYBE THE COMPANY IS JUST CORRUPT.
MAYBE GENE Simmons looked at this company to make a few million bucks, breach contract, and walk away scot free because he knew he would get away with it.
If this is how current management is operating the company, and it is supposedly way better than old management, there is certainly another crap storm ahead.
So why were they looking for them?
Company is full of liars.
THEY DON'T HAVE CASH RESOURCE TO COMPLETE PHASE III
CAN'T EVEN UPDATE THEIR WEBSITE.
WOULDN'T LEND THEM A PENNY AT CURRENT OPERATING MENTALITY...
That's Invictus-MD.
FACT
Imagine looking for a loan for millions of dollars with non existent board of directors listed on their website...
Bunch of idiots.
Came across the same info well over a year ago, third party ir group based in the same building of Invictus' home base/hq. IR did not even know they shared the same physical address. IR on 2nd floor, Invictus on 3rd.
Vast majority of what I am saying can be verified if anyone has the time to go through a 1,000+ posts of investigation with facts, links and activity. Feels like such a waste of time looking back at how most of it was brushed off by so many.
At the time, a friend and myself were contacting other business owners in the same building as well as other supposed locations they occupied, and no one ever heard of Invictus and there was no listing of them on the on-site directories etc etc...
To date,Invictus-MD has been nothing but a rip off.
Just might be possible that I made the call afterwards right... Funny that no one else ever gets an answer from the company, but when I do, there's always a big stink to be made about it.
Not my fault the company screwed everyone over.
Never really any good news with so many horrible deals always falling apart.
If I was to lie about everything, I'd be saying there is nothing to worry about, it's all good and people are overreacting over %95 loss, loosing their house etc etc.
Company is like a big messy turd in their shorts trying to convince everyone it is the scent of roses.
When I asked who terminated the financing deals there was no solid answer. Why would Invictus enter into a non binding loi and a binding loi pretty much back to back and have both collapse if they were so financially well structured?
So now, phase III means nothing to investors? EUGMP, not important anymore? Growing business means nothing? Selling off assets because they can't afford anything to move forward is also a good thing?
Hearing through the grapevine that their product is not that great either. So no moving forward progress, poor quality product, little earnings, only a few assets left, next to no transparency or communication makes this company trustworthy and reliable?
This is all failure.
When the company employees are all seeing and feeling the same way, makes one wonder if bankruptcy is around the corner.
Wishful thinking is just that.
This company is a fail...
PHASE III Spoke with Invictus rep yesterday Andrew Yehia, (yup, actually spoke with a live person) and made inquiry to phase iii West wing delays. Confirmed Invictus does not have the financial resources to complete the project at this time. Both past failures to obtain additional financing over the past couple of months is a pretty clear indication of how desperate the company is situated.
So what does this mean for Health Canada approval, EUGMP, import/export license, current and future production?
Outlook, not so good...
This is the reality.
Andrew was equally as upset about the current situation and did not have much additional information to add other than what he has been reading in pr's.
He is encouraging investors to send him their concerns to be escalated to management and stated we may receive a reply or not, or just be ignored (the usual).
Total mess. There's no masking the truth, unless the blinders are on and living in total denial.
Still a worthless commodity, not even a listed company. Kind of difficult to sell something that's worth nothing without an option to sell.
Seriously messed up.
Nothing to report at this end, sir. eom
Is PODA ever going to be a listed company? Just need to wait for a few more years right?!
Currently, -%100 in the portfolio...
That's a fact.
Proof is in the pudding. Until then, it is nothing, as per usual.
This company is just asking for a crowbar upside the head let alone celebrate all their failures... Bunch of f'ing idiots.
Nothing but a bunch of lies and fallen apart deals. Everytime I think about these companies, I just shake my head, almost in disbelief.
Thanks for sharing. More confirmation that the product does not even exist, except in concept.
Invictus needs a Health Canada facility approval before they can receive EU GMP, then there is the export license. It's just another Invictus guessing game.
Those are supposed to be positives? Company truly established horrible foundations and built itself an equally horrible reputation. Ton' of money syphoned out the door to questionable companies and individuals ALL THE TIME. Monies spent on empty and or non existent office spaces and storage facilities.
But hey, no financial institutions willing to touch them is also a good thing. Little cash flow and massive expenditures, long overdue deadlines and an extensive list of bad deals, penalty payouts in the millions, constant management turnover etc etc etc all equates to a solid and extremely volatile gamble.
Like I said before, the company is skating on thin ice.
Share price reflects the companies value.
Either way, it's a pile of value lost.eom
No information about ABG that I can find at the moment. Out $4,312,500 USD total for nothing.
"As consideration for ABG agreeing to release the Company from any further obligations under the License Agreement, the Company has agreed to pay ABG the following in accordance with the Termination Agreement: (i) US$312,500 payable in cash on October 22, 2019, an amount that was otherwise owing under the terms of the License Agreement; (ii) US$2,000,000 payable in cash or common shares of the Company at a per share issue price equal to the 10 day volume weighted average trading price (“VWAP“) of the common shares on the TSX Venture Exchange on the date of issuance, but in any event no lower than $0.11625 per share (the “Consideration Shares”) at the discretion of the Company on or before January 7, 2020; and (iii) US$2,000,000 payable in cash or Consideration Shares at the discretion of the Company on or before July 7, 2020."
https://www.globenewswire.com/news-release/2019/10/23/1934539/0/en/INVICTUS-AND-AUTHENTIC-BRANDS-GROUP-MUTUALLY-AGREE-TO-TERMINATE-LICENSE-AGREEMENT.html
Likely they will issue shares imo.
Mind-blowing!
Not sure where you are finding that information. This article states:
"Aphria, Aurora and Demecan selected for German medical cannabis cultivation"
https://mjbizdaily.com/aphria-aurora-demecan-german-medical-cannabis-cultivation/
There is only one supply agreement mentioned about Invictus to demecan. Very limited information.
Anyone else receiving following error message when attempting to visit using chrome browser?
https://deutschemedizinalcannabis.de/
"Your connection is not private
Attackers might be trying to steal your information from deutschemedizinalcannabis.de (for example, passwords, messages, or credit cards). Learn more
NET::ERR_CERT_COMMON_NAME_INVALID
Help improve Chrome security by sending URLs of some pages you visit, limited system information, and some page content to Google. Privacy policy"
Will not let me proceed any further, not that I would anyway...
All seems pretty legit, right.
Can anyone reach the demecan.de website? Last time I tried a month or so back I was receiving a security vulnerability message and did not proceed. Now, there is a connection error message after attempting to connect.
Dmc pharma site is still up with Invictus being their only supplier. Invictus to start supplying them autumn 2019.
http://dmc-pharma.com/en/index.html
Still only one press release listed.
Seem strange to anyone else?
Pretty staggering numbers. There are winners, and then there the losers... Invictus obviously the latter of the two for too many reasons to list.
Invictus is obviously on thin ice.