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its got to be worth something. it would be worth a lot more if they got rid of all those wonky ownership structures and carve outs, and put them all into instadose. the instadose board should have made this a condition IMO. It takes away all the murky uncertainty of things during the era of grant. if they want to try and build a real compnay, this would be the first place i would start. but based on the shipment, assuming they can sell it, along with the facility in macedonia, fair value is probably between 50-75 million.
fun fact. I heard a rumour that clever leaves in colombia laid off 90 percent of workforce. they have spent between 70-80 million on facilities and were supposedly unable to produce a crop that passed the stringent medicinal compliance protocols. but dont worry, instadoses colombian partners will come to the rescue. lol
it was probably a market order from someone who also bought at market during the illegal promo before deal closed. they cant claim a loss on their taxes unless they have crystalized a loss, so maybe this was for tax purposes. as well, there has been no new updates from company, so from outside looking in, picture looks bleak. despite all the forward looking literature in their 10k.
their revenues(if any) wont appear until this quarter is filed as that is when the shipment was recieved into macedonia. but historically they have shown zero in revenues.
one more thing. the total value of the medicinal cannabis market in 2021 was 16.7 billion. lets assume its 25 billion for 2022. Thats probaby high but well use it anyway.
https://www.marketdataforecast.com/market-reports/medical-cannabis-market
the cost per gram is between 5-20 dollars. so lets use a median number of 10 even though thats low. that would equate to 2.5 billion grams of cannabis sold worldwide medically.
https://health.costhelper.com/medical-cannabis.html
do you honestly believe that two underfunded compnaies out of colombia can produce almost half of the entire worldwide market supply? the logistics alone are just not possible. who is going to pay for all of this? certainly not instadose as they have no money. Certianly not the 8 million total market cap compnay AZFL. What about the other one with 5 hectares and two registered strains. Come on. As well, even if they could, it would take years to scale up to that amount, especially with some of the supply chain constraints all industries are facing now.
i agree they are big boy numbers. But not possible with the two compnaies they have done the JV's with. Do you know the costs alone to deal with that amount of product. drying facilities, irrigation, microbial removal, packaging etc. its in the tens of millions. add to that, in order to get GACP, you need staff washrooms, lunch rooms, change rooms, showers etc.
first one is:
http://www.cdmcolombia.co/en/home1/
its owned by AZFL. trades at .0004 cents. total of 8 million market cap.
second one is:
https://yodda.com.co/nuestra-compania/
they have a total of 5.5 hectares.
in order for someone to produce that amount, they would need hundreds of hectares. and like i said above, the infrasturcure alone is in the tens of millions. look at clever leaves CLVR. They have spent a total of about 70 million on facilities in colombia, and they arent producing anywhere near that. nor is pharmaciello pclo. they have spent about 50 million.
normally its 1000 grams in a kilograms. so over two million grams.
But who paid for the macedonia facility?
If it was instadose shareholders, and then the carve out after, sumting very wong here. did the 50 percent partner in macedonia pay for 50 percent of costs?
as well, although i think instadose should be commended for actually getting a shipment out of that size, as its impressive, the real issue is the valuation. with 500 million shares out, and the stock hitting 60 dollars on a illegal paid promotion(30 billion post merger valuation), dont you think that is preposterous? I mean come on.
In the past I have called out some of these ridiculous ownership structures in instadose with carve outs, that are to the detriment of Instadose shareholders.
As an example:
"Delivery of the first 2.125 ton lot of new South Africa cannabis to IDP Macedonia was completed on December 25, 2021. Instadose Canada expects to generate net revenue of approximately US$3 million under the terms of the North Macedonia joint venture agreement."
3 million. Thats all? For the biggest most awesome, most world record breaking shipment of all time? Just 3 million? If this truly was good quality flower, and sold medicinally, it should get between 5-7 per gram. so even with the 50 percent carve out, the net amount to instadose seems really small.
As well, I have never really seen an 8K that gives a ton of forward looking statements.
"Delivery of the Colombia cannabis into North Macedonia is presently scheduled to take place in and around June 1, 2022."
This statement is completely made up. Its not legal to export flower yet, so you certainly cant give dates.
"Instadose Canada anticipates being able to import medicinal cannabis into North Macedonia under the Mexico project prior to December 31, 2022."
Again, dont know how they can give specific dates in an 8K considering its not legal to export cannabis from mexico.
you wrote the following......."it just had to be filed so they can move forward as a public company."
It had to be filed or they get marked as a delinquent filer. There are laws in place that every public compnay has to follow. You dont file to move forward.
"if you were a shareholder prior to the merger you would know that the oil production facility is scheduled to be production operational by April 1st. And 6 metric tons of material news to start thats next."
Its nice that you are giving a message board material non public news before its come out. Great job Pal.
"This exercise was all about getting straight with regulation, freeing up the brokers and getting back to trading and business and they just did that."
This exercise is required. nothing more. it has nothing to do with "getting straight with regulation" its required by law or you become a delnquent filer. too funny.
i never thought instadose would have ebitda. or cash. i was replying to Future who said "bring on the ebitda"
no EBIDTA. No cash as well.
grant is below a ten percent shareholder? does he really think the SEC is that dumb that they cant see though some share tranfers to bring him under 10 percent.
as well. i feel bad for the directors of instadose. whoever paid for the illegal promotion of the stock before deal closed, somehow they convinced instadose to assume the contract with stellar media. Isnt this worse? now the instadose is board is party to the illegal promotion before deal closed.
i assume it will be down to the wire if it comes out today. remember their last auditor quit, and new auditor hadnt reviewed files. so it will take time for them to get up to speed and to sign off. as well, from instadoses own filing for their reasoning behind being late in reporting.
"The disruptions in transportation, staffing, and technology systems which have occurred over the last six months to both the Company and the Company’s professional advisors along with the recent change in control have resulted in limited support from the Company’s staff and professional advisors. This has, in turn, delayed the Company’s ability to complete its financial statements and prepare the Report."
maybe its the canaidan freedom truckers that disrupted transportation. lol
shares held at DTC has dropped again. back to 17.8 strange
does anyone kow why this number moves around. I would think that based on difficulty getting shares into system, that this number wouldnt go backward.
"The issuer should have no record of being involved in a spam campaign, pump and dump scheme or any history of fraudulent activity throughout its corporate history"
you think the illegal third party stock promotion before deal closed qualifies for this? Or how about the OSC charges? lol
since instadose has already cut bait with grant, maybe they will be able to prove to SEC and finra that they are trying to distance themselves from the illegal stock promotion and try to build a real compnay. assuming the compnay can prove they had nothing to do with the promotion.
they were already DTC eligible.
does caveat emptor remove or restrict depositing shreas in DTC?
I dont think these were sold into the market. Instadose never traded this kind of volume. if i had to venture a guess, these are part of the shares issued to instadose canada shareholders as per the merger. Lots of inquiries on this thread from people asking for help in locating brokers who will accept the shares.
if they dont plan on selling the shares, why have them moved from the transfer agent into DTC where they are able to be sold?
if they are long term shareholders, they would not need them in DTC
you read it correctly but its just poorly worded. they shipped 2k kilos. this would make the cost per gram 1000 dollars. not a chance
you sure about that?
(iii) The Company’s Board was notified by the auditors of their decision to resign resulting in a change in independent accountants, and then acting under authority delegated to it, approved the change of the independent accountants at a Board of Director’s meeting on February 18, 2022.
parted ways?
based on this sentence in filing:
(i) On February 17, 2022, the Former Accounting Firm resigned as the Company’s independent registered public accounting firm effective on February 17, 2022.
It sounds like they are running for the exit. no grace period. no transition or handover period for new auditors. Boom, we are gone same day.
I wonder if it has to do with Instadoses main asset? the 45 million dollar intangible right over the congo licences? The same licences where the product grown and harvested, was stopped by the government due to them stating the shipment was fraudulent.
try wilson davis. I know they accept canadians and certificates. Dont know about the caveat emptor though.
http://www.wdco.com
will they also pay for all the class action lawsuits defence? the osc quasi criminal fraud defence? the possible sec investigation defence?
i assume it would drop as well based on the amount of shares. it shows on otcmarkets that there are 481 million unrestricted shares. Dont really know how they would issue that many free trading shares without a registration statment though.
https://www.otcmarkets.com/stock/INSD/security
anyone have any idea what ever happened to those 14 million shares that got removed from dtc after the illegal stock promotion. i still dont see any filings that should accompnay that as they were all working in concert.
If i had to venture a guess, there was an initial inquiry from a regulator, and someone got spooked. really dumb move IMO.
the 1.34 shares only applied to shareholders of instadose canada as far as I know. for each share they held in instadose canada, they recieved 1.34 shares of microcoze(instadose usa) shell. it didnt apply to the shell shareholders.
when does the promotion start back up?
has the sec come out and said they are choosing no enforcement? hope so. I can dust all those shells off and do some promotion after signing some JV deals.
yeah. and whats even more odd is that grant supposedly advanced millions to the congo before tmig was setup, and before he even met with government officials.
Amount of Advance (USD)
29/8/2018
$3,750,000
12/9/2018
$3,750,000
21/9/2018
$3,750,000
2/10/2018
$7,000,000
18/10/2018
$3,750,000
14/11/2018
$5,000,000
29/11/2018
$3,750,000
20/12/2018
$3,750,000
20/12/2018
$500,000
$35,000,000 (1)
The Maye International Group SARL
The Maye International Group SARL (“TMIG”) is a DRC company majority owned and controlled by Grant F. Sanders. TMIG was incorporated in the DRC on September 7, 2018 with the intended purpose of engaging in the cultivation of medicinal and food plants throughout the DRC, not just medicinal cannabis.
Letter of Motivation
On September 12, 2018, TMIG issued a letter of motivation (the “Letter of Motivation”) to the DRC Ministry of Agriculture requesting the Ministry of Agriculture’s authorization to engage in the official cultivation of medicinal cannabis. Within the Letter of Motivation, TMIG sought an area ranging from 10,000 to 20,000 hectares of land for the cultivation of medicinal cannabis as part of a larger national project in partnership with the Ministry of Agriculture throughout the national territory of the DRC aimed at the development of medicinal agriculture starting with the promotion of the agro-pharmaceutical industry. In connection therewith, TMIG intended to make agro-pharmaceutical investments in the DRC to produce CBD oil which was seen as the foundation for the entire manufacturing chain of various and important medications around the world to make the DRC a world leader in the industry.
i think this is the point. to be confusing so nobody can figure it out.
i have said this before. all these wonky JV structures, with carve outs to grant, wreak of self dealing. How in the world the auditors gave a value of 45 million dollars on these congo licences is beyond comprehension. Who were the auditors?
this also is a complete slap in the face of good governance. these types of deals erode the value to the bottom line to the detriment of instadose shareholders. no wonder borchowski had no interest in being part of the USA public entity.
hey big bake.
does instadose have a fiduciary to file an audit for TMIG?
is it not odd that that instadoses main asset is the congo licences, that supposedly arent owned by them?
as well, grant advanced money to congo, well before TMIG was even incorporated, and well before the contract was even executed. does that seem right to you.?
you are right. they dont have to grow to make money. but remember, instadose started out telling everyone that they are going to be the biggest producer/cultivator on the planet. clearly somethig went wrong.
i will tell you, growing quality cannabis isnt easy, so its not surprising that instadose has made a pivot to try and get others to do it. but at the end of the day, instadose doesnt really own anything except a facility and some relationships and JV angreements that are probably unenforceable. If highlands gets a much better offer, even if they cant walk away, all they would have to do is grow terrible quality plants for a few crops on the Instadose section. and Instadose would probably walk at that point. In their own filings it actually talks about this being a risk factor. relying on others. long term I see that as a huge problem for instadose. but i guess it may work for a while.
my issue is valuation. with 500 million shares outstanding, the valuation is completely offside. this compnay is nowhere near what it is valued at. the way that the transaction was done, by buying 100 percent of the shell, its a false market that the sec will most likely say was manipulated. will be intersing to see where the stock goes once all the investors get their shares in the system.
the trash has already been taken out. the trailer park trash granty is gone.
grant had to go, as he became a distraction and a sideshow with the OSC charges, and the IMO looming SEC charges for illegal stock promotion.
hopefully the new team can distance themselves and try and build a real compnay without all the crap. even though i have stated time and time again that it isnt a real commercial transaction, i will give instadose credit for actaully shipping that amount. Its not easy to move that amount of product. What condition the product is on the other side we will never know until its finally sold to market, but overall a good job. even though they didnt grow it themselves.
by the way. Im referring to the illegal stock promotion. The one that was done before the merger was completed. And it was still a shell. The one that drove the price to 60 dollars. Poor people who bought up there. shocking
no you should not. because ford has the production plant to execute. Instadoses inst even finished. And ford doenst have a ceo accused of fraud for stealing money.
and by the way, lots of other compnaies are shipping large amounts around the globe. here is aurora with a 10 million dollar shipment.
https://finance.yahoo.com/news/aurora-cannabis-delivers-10-million-120000686.html
Grant is a genius. this could be the best statement I have ever heard.
Hey crystal, all those ridiculous JV deals that Instadose announced during the illegal stock promotion. Looked though the filings, and guess what. zero activity. sorry. they did spend 775 on the india one. lol
Colombia: During the three months ended August 31, 2021 and the year ended May 31, 2021, there has been no activity with this joint venture.
Mexico: During the three months ended August 31, 2021 and the year ended May 31, 2021, there has been no activity with this joint venture.
India: During the three months ended August 31, 2021 and the year ended May 31, 2021, the Company has advanced $0 and $775 to the joint venture.
These sound like true whopper deals. Why even have them on website if there is no activity? Unless of course it was there to create a press release for an illegal promotion.
this funniest thing about this fake news release, is that it was in december 2018. two months after they signed the agreemenet in the congo. i seem to remember from their own filings in was october 2018. so in two months, they had 10k acres under cultivation, and 200k liters of oil. all without a processing facility., completely fraudulent news.
I hope you guys get the CE removed. That means I can take over shells, buy 100 percent of the free trading shares, sign a JV deal, and promote the stock before ever closing on the deal. If the regulators come, I can point to instadose as doing it, so it must be okay. we will call it the sanders securities exemption. lol
why cant i find instadose on the list of GMP certified compnaies? Is this yet another lie?
https://portal.gmpplus.org/en-US/cdb/certified-companies/
punch in macedonia, on the left, and its certainly not instadose that appears
I think you meant accept the facts.
The facts you say.
Instadose has no money in the bank. Instadose are proven liars time and time again. Their own filings show 3 million in assets in property plant and equipment. Their main asset is the congo licences that they dont even own. valued at 45 million. but but but the congo seized shipment so ultimately the value of that asset is worthless and should be recorded as such. they issued 80 million in stock for services. hahahaha.
by all appearances this looks like a complete farce. the shioment is good news, but until its sold, its just that. a shipment to a related party. Like an art gallery moving art from one gallery to the next.
as well, how can instadose have GMP certifation when their facility isnt even finished. strange.
i did. but instadose has lied before. multiple times.
so until there is an actual filing showing sales, ill treat it the same as all of their other news releases.
does anyone actually believe that grant loaned 25 million of real money to instadose. the osc should focus on his tax returns to determine whether he actually had after tax dollars of that amount to begin with.
and assuming canopy that instadose is able to sell this cannabis from south africa. the one where they paid 300k for someone else to grow for them. how long before other compnaies including canopy either squeeze instadose out, or they raise the prices due to so many people wanting a contract grower. Instadose doesnt produce own weed therefore isnt in control of its own destiny.
but dont worry. the colombian compnay with a 250k market cap is goign to change the world with their 1 billion grams of production this year. hahahahahahahahahaha
your right. their own filings say that the facility isnt ready until later this year. there is no way that is being sold as premium flower. but we wont know for sure until the filings come out.
does anyone actually believe that grant lent the compnay actual money. 25 million. I would love to see the audit of TMIG. Even if the money went in, there is no way it went to the congolese governement IMO. If so, why would they seize the shipment. something is fishy there.
HEY KNOWYOURBIZ. i saw grants girlfriend claudia owns over 10 percent. shouldnt she be included in grants total shareholdings as they live togehter in a castle.
i also saw that in the 8k, grants quasi criminal fraud charges were adjourned to 2022. That sort of flies in the face of you telling us the charges were dropped. lol