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Wow that’s a bad sign.
The newest pic looks pretty good, the ones from earlier today barely have any buds that I can see.
The provisional license is similar to the temporary, they basically changed the name, they still need to comply with MTRAC and ID verification and all the other rules and regulations that are required for the annual license. It’s my understanding that this temporary vs provisional nonsense is because when the law was written, no one thought it would take the state so long to issue an annual license, but here we are. If you qualify for a provisional, there’s a good chance you’ll get an annual, but, according to the state, that’s not a guarantee.
I would recommend a wall :)
You clearly have no idea what you’re talking about, not sure how you can even argue when you haven’t even read the bill:
“This bill, except as specified, would require an applicant for initial licensure or renewal of a state license under MAUCRSA to provide a statement that the applicant employs, or will employ within one year of receiving a license or renewal, one supervisor and one employee who have successfully completed a Cal-OSHA 30-hour general industry course offered by a training provider that is authorized by an OSHA Training Institute Education Center to provide the course. By expanding the scope of the crime of perjury, this bill would impose a state-mandated local program.
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB2799
Thank you for worrying about the left coast from your desert wasteland, there’s a reason homes cost 5-10 times more than Az, people want to live here, it’s simple supply and demand.
Did you even read the article? All they did was amend the law so that OSHA training, the same training other businesses in California require, will be applied to the mj industry. These people work around heavy machinery and volatile or dangerous chemicals, why should they be treated differently because the product is marijuana?
Oh and by the way, OSHA was created by, *gasp* a conservative, and it’s a federal program so it covers all 50 states. But you know, facts.
SAN DIEGO, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NetworkWire - GreenBox POS, LLC ("GreenBox", "GRBX", the "Company") is pleased to announce it has successfully completed the transfer of all business and assets of its parent company onto GRBX books as planned. Operations continued normally during the transition without interruption and the company is on track to realize all previously announced business objectives on schedule. All assets transferred are wholly owned by GRBX.
In its most recent 8-K filing, GRBX enumerated the assets transferred along three categories:
Provisional patents and technology
The ability to instantly display cash deposited in ATM machines on a Blockchain secured ledger.
The ability to exchange control of encrypted keys on Blockchain without any party having control of both keys at any point.
The ability to make instant payments, including tipping and upsales, in a remote settlement scenario while being connected to the point of sale system and real time inventory management.
The ability of a point of sale system to instantly record transactions on a Blockchain secured ledger with real time inventory management in such a way that no installation or data maintenance is required and recovery from catastrophic events is accomplished nearly instantly.
The ability to revoke access to personal data after the authorized use of it is completed in order to minimize the threat of identity theft and/or compromising of personal data.
Product line
KIOSK: Blockchain implementation of equipment capable of accepting cash and instantly converting (tokenizing) it to an encrypted Blockchain secured ledger entry.
DEL: Complete delivery system with dispatcher backend and mobile applications for driver and consumer, available for iOS and Android.
POS: Complete point of sale system with integrated Blockchain connectivity for inventory management, payment and record keeping on secured Blockchain ledger.
PAY: GreenBox's core product. This system can manage any amount of tokenized assets, including cash and data, on a secured Blockchain ledger. All patented technology from GreenBox is connected to this product.
Assets and business assumed following the Sky MIDS Technology acquisition
Book of business: Sky's entire book of business, capable of processing over $1 billion annually, primarily through the PAY product line.
Personnel: Sky former president transitioned into the Senior Vice President, payment systems position with GRBX.
Agent network: Sky's network of agents includes approximately 50 active agents, who now deliver new business exclusively to GRBX.
IP assets: Sky's development software products, including the CRM system pertaining to onboarding and relations management with merchants, and custom payment security features, are now wholly owned by GRBX.
In addition to the asset list above, control of all branch locations and staff has also been transferred to GRBX.
"We had a challenge delivering all the required disclosures on time. I am happy to see that the added effort paid off and the process was successfully completed," states Ben Errez, Executive Vice President of GRBX. "Our goal of being completely transparent with our shareholders, investors, and the market is a top objective for the company, and new procedures and additional staff will ensure this goal moving forward. We will discuss our growing business activities and accomplishments in greater detail in upcoming news releases."
About GreenBox POS, LLC:
GreenBox POS ("GRBX") is a groundbreaking technology company that builds customized payment solutions for a multitude of industries. The company has developed the fastest and safest way to send and process money using Blockchain technology. The company was awarded 5 provisional patents for its technology. GreenBox POS develops the following main products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products, services and custom hardware are available now from GRBX. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego, CA.
For more information, visit the company's website at?https://www.GreenBoxPOS.com
Forward-Looking Statements Disclaimer:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Public Relations and Media Contact:
GreenBox POS, LLC
www.GreenBoxPOS.com
Office: 619-930-5500
Info@GreenBoxPOS.com
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Source: GreenBox Pos LLC Registered Shs
Still no word from Notis on the status of the balloon note. It’s extremely unlikely they had millions of dollars to pay it off anyway, but did one of their toxic lenders take over, or did Southwest Farms, the original note holder and seller of the farm, take over?
They only have to file an 8k the first time, there’s no requirement for them to do that every time they borrow more. How much Fife is willing to loan when SIGO is not current is debatable, and he may end up getting a 3(a) exemption from a judge to sell what he has. I haven’t looked in a while, but iirc, if Fife has to go to court he gets shares at an 80% discount!
Also the market cap is under $2.6 million, and Fife is owed nearly $1million, at the minimum.
Ouch, that’s still a big cut.
Remind me again how 20% is better than 100%?
Did you ask them why they only have 5,000 sq ft of license, down from 15,000? Looks like they got another temporary license....still just a max of 5,000 sq ft. If they’re only allowed to grow in 5,000 sq ft, and they don’t want to break the law, I wonder if the other bays you saw, were filled with someone else’s mj, someone with a license.
They who?
Your pics don’t really prove anything, and you haven’t answered anyone’s questions. If you’re trying to convince people it’s not a scam, it’s having the opposite effect.
Well VBF is on the license, so they should get whatever profit comes from cannabis, and I feel comfortable saying that Battle Mountain is owned by SIGO. Definitely looking forward to a filing that shows the ownership of VBF.
It would be a real stretch for the landlord to invalidate the lease based on them not being a co-op, and since the landlord is taking their money it’s basically a moot point.
You don’t think it’s surprising that their license is for 5,000 sq feet, a little over two bays, but they’re growing much more than that?
Still waiting on proof VBF is owned by SIGO, no one has any though.
Wow that’s surprising, are they growing 2,000 sq feet in each bay? Did you ask about the 10k and Q’s?
Do you have anymore pics, and how many bays did you see with weed?
If SIGO doesn’t own VBF, there’s no grow operation, and so far they’ve decided they don’t want to file a 10K or 10Q’s that would prove it.
Thanks Integral, what do you think the odds are that SIGO’s, now former auditor, will publicly state their reasons for not completing the audit, are they required to? I know SIGO’s 8K says they asked for one, but I have my doubts.
Is there any nefarious purpose with that constant “mistake,” or is it just lazy copy/pasting on Val/Wade’s part?
Hopefully they “furnish” that letter to the SEC :)
That mistake is happening way too often, once is an accident, multiple times is very questionable.
Sounds about right, 3 auditors can’t be a good sign.
New 8K, and a new auditor. If the last auditor couldn’t sign off, not sure what a new auditor will do.
Item 4.01. Changes in Registrant’s Certifying Accountant
On or about August 24, 2018 The Board of Directors of Sunset Island Group (the "Company"), acting as the Company’s Audit Committee, announces that it has appointed BF Borgers, CPA PC (“Borgers”) as Sunset Island Group’s independent auditors for the 2017 and 2018 fiscal year, replacing Benjamin & Young, LLP ("B&Y").
This action effectively dismisses Benjamin & Young as the Company's independent auditor for the fiscal year ending October 31, 2017. Benjamin & Young did not issue any report on the Company's consolidated financial statements. For the period from May 16, 2017 (B&Y’s appointment) through to the date of this form 8-K, there were no substantial disagreements with Benjamin & Young, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, remain unresolved and there were no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
For the years ended October 31, 2016 and through the date of this form 8-K, neither the Company nor anyone acting on the Company's behalf has consulted the entity of Borgers regarding the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, nor did the entity of Borgers provide advice to the Company, either written or oral, that was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue.
The Company provided Benjamin & Young, LLP with a copy of the disclosures it is making in this Item 4.01(a) of this Current Report on Form 8-K and requested that Benjamin & Young, LLP furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements above, and, if not, stating the respects in which it does not agree. The company has not yet received the requested later.
https://www.sec.gov/Archives/edgar/data/1689066/000147793218004480/sigo_8k.htm
I was hoping the SEC complaint would shed more light on Honig’s lawsuit against MGT. Suing them probably wasn’t the smartest idea, but it looked like McAfee and Ladd had found a loophole, and used it to screw Honig out of nearly 19 million shares of MGT. I somewhat enjoyed seeing a conman get conned. Hopefully the SEC goes after McAfee soon too, maybe not for MGT, but for his pumping of crypto coins. As soon as they said they hired McAfee I knew it would be a fraud, especially since Ladd ran the same p&d when MGT was known as VGGL.
Below is from Terri Buehl’s article April 5, 2017
http://www.teribuhl.com/2017/04/05/honig-and-friends-sue-john-mcafee-because-they-didnt-make-enough-money-in-mgt-capital-deal/
Honig and Friends Sue John McAfee because they didn’t make enough money in MGT Capital deal
Barry Honig and others he invested with have filed a mudslinging breach of contract suit against the security company John McAfee is working with called MGT Capital. The lawsuit, filed in New York federal court yesterday names personally MGT president Robert Ladd, John McAfee and three of the company board members. The investor group (aka Team Honig *) is upset that, as third-party investors, a bridge loan they made to companies MGT was trying to buy didn’t turn into millions of cheap MGT Capital stock.
It’s hard to tell what parts of the lawsuit are fact-based or fancifully interpretations of events by Team Honig because they lost out making big money on a risky bridge loan. What’s most interesting to me is we see Barry Honig totally reverse course from his stance that he is just a passive investor. The lawsuit against MGT details multiple instances where Barry Honig, along with John O’Rourke, and John Stetson, are negotiating with MGT’s Ladd and McAfee to invest more money into the company dependent on an asset purchase agreement (APA) being executed.
The asset purchase agreement said MGT would buy McAfee’s cyber-security company D-Vasive and another cyber-security startup called Demonsaw founded by famed hacker Eric Anderson (aka Elijah). The purchase would mean shareholders in Demonsaw and D-Vasive would get millions of cheap stock in MGT Capital. On May 5th, Team Honig gave McAfee’s D-Vasive a $100,000 as a convertible debt to equity bridge loan in return for shares in D-Vasive, according to the lawsuit. A few days later the investors did the same kind of loan to Demonsaw for $750,000 converting shares in Demonsaw. If both companies completed a deal to be acquired by MGT Capital the bridge loan investors would get 8.8 million of shares in MGT as a result of their D-Vasive shares merging with MGT. For Demonsaw, it would be 10 million shares of merged MGT stock. Now for the bridge note investors to get the MGT shares they depended on the people who controlled the three companies to complete a signed deal and for new shares to be issued. It’s a typical vulture-style quick money deal that nets sophisticated investors like Honig, O’Rouroke and Stetson cheap stock for little cash out but it’s also risky because these investors aren’t suppose to be in control of the companies making the deal that would net them easy profits via cheap free trading stock.
When I read the Team Honig lawsuit against MGT, Ladd, and McAfee I got the impression that Team Honig had some kind of deal terms and control of the companies that would definitely get them MGT stock for giving loans to another company that MGT didn’t legally own yet…and now we know never will.
The lawsuit says
As with MGT’s acquisition of D-Vasive, the sole reason that Plaintiffs agreed
with Ladd, McAfee, and MGT to provide bridge financing to facilitate the MGT/Demonsaw
acquisition was to ultimately receive additional equity in MGT.
In my opinion that’s active investing not a passive investment as Honig, and his bulldog attorney Charles Harder, have previously said he does.
MGT will likely argue in response to Team Honig’s lawsuit the asset purchase agreement had run out of time and the contract was dead. Or that since the NYSE desisted them after the company got an SEC enforcement subpoena and wouldn’t’ approve the new shares as part of the D-Vasive/Demonsaw deal that there were terms in the contract that allowed MGT to back out of the asset purchase. Meaning there was a legal way out of the contract and they took it.
At the time of the McAfee loves MGT deal announcement, on May 9th, MGT was trading for less than one dollar. After the announcement that this penny stock was going to own a company founded by famed John McAfee, tons of main street investors bought shares in MGT and the stock shot up over eight times its trading price. MGT’s stock price was $0.48 per share on May 9 and rose to $4.15 on May 17, 2016, before settling generally in the $3 to $4 per share range through out the summer of 2016.
If the MGT / D-Vasive / Demonsaw deal had actually been closed the bridge note investors would have turned $850,000 in loans into MGT stock that could have been sold for $56.4 million (assuming 18.8 million shares sold at $3 share price). That’s one heck of a return on investment in a relatively short amount of time. And because none of these investors in the bridge loan to a private company owned more than 5% of the investment they didn’t have to tell The Street they would have owned this convertible stock and made millions. Additionally with all the new MGT stock issued investors who bought MGT on the hype of John McAfee’s involvement would have had their shares diluted.
What I think really happened here is Honig got in bed with two men (Ladd and McAfee), as street smart about how the market and deal making works as he is, and had the tables turned on him. Let’s not forget he filed a 13-G saying he also owned and sold MGT stock during the time the stock was flying high. The bridge loan stock he could have gotten if the deal closed was just extra money he could have made.
What’s ironic about this whole lawsuit is that at the end of last year Honig filed an anti-slaap libel suit against this journalist for 1)reporting he was named in an SEC lawsuit and 2) it was my opinion that the SEC was looking into the investing activities of people he invested with for trading as an affiliate without disclosing it. On February 1st 2017, at a federal court hearing in the Southern District of New York in front of Judge Paul G. Gardephe, Honig’s attorney Charles Harder (you know the slimball LA attorney that represented Hulk Hogan and has waged a war on journalist for his clients) told the judge when he was questioned how he came up with the legal basis that sentences in my reporting were defamatory against Honig “Yes, your Honor. Mr. Honig is a passive investor in stocks”. Then Harder went on to say “and one of these stocks is MGT”. There was short discussion, by Attorney Harder, about Honig not getting involved in the companies he invest in. Yet yesterday we see Barry C. Honig suing MGT and detailing, in my opinion, how active an investor he is.
Honig, without warning to my counsel, dropped his defamation suit against me a few days after that hearing.
The Team Honig lawsuit also details who Honig works with when making investments; something we rarely see in a public document. Honig through his attorneys usually claims he invest and works alone. Two of the men described as working with Honig in the lawsuit, Stetson and O’Rourke, are also named along with Honig in the SEC subpoena sent to MGT capital last year. In fact we see a text sent by O’Rourke to John McAfee literally speaking for Honig and detailing that Honig will make more investments in MGT if XYZ happens.
O’Rourke wrote back to McAfee, asking for confirmation of McAfee’s offer:
My understanding is that MGT will delist onto the QX or bulletin board and close the deal as originally agreed upon and voted upon by shareholders. In exchange, Barry [Honig] will commit to funding the company at $1.50/share
O’Rourke, who is younger than Honig, is the managing member of an investment firm called ATG Capital and has his office in the same building and the same room as Barry Honig in South Florida. Through interviewing people who have done deals with Honig I am consistently told “O’Rourke is Honig’s boy and acts at his direction”. Yet a paper trail of deals that both men invest in usually shows two separate corporate entities investing in the same company. This is how they claim they don’t work together and why it is difficult for a regulator to prove Honig is investing and trading as an affiliate group without disclosing it.
Here is a link to the lawsuit. Keep in mind you can write anything in a lawsuit and the plaintiffs have conveniently left out a copy of their bridge note contract. I asked Team Honig’s counsel at Susman Godfrey to clarify, and back up with documents, some of the statement of facts listed in the lawsuit but they have not responded to an email as of press time. MGT will be represented by Kramer Levin.
* Editors Note: I am using Team Honig to describe the plaintiffs in the lawsuit against MGT. The plaintiffs are: ATG Capital LLC, Four Kids Investment Fund LLC, GRQ Consultants Inc. Roth 401k FBO Barry Honig, Barry Honig, Jonathan Honig, Melechdavid Inc., and Stetson Capital Management LLC. These are not all of the 16 investors in the bridgenotes just the ones who opened themselves up to exposing their private trading records through discovery in a lawsuit.
Different markets, and notice you’re posting on the Global Tech Industries board, not the Green Thumb Industries board, that should have been your first clue. Geez.
It’s one thing to not put out an 8k, but to release an 8k saying his job title is changing, when in fact he sold most of his shares and left the company is a whole other situation. Remember we wouldn’t even know TJ left SIGO if it wasn’t for his Instagram post on his private account just a few months ago.
Nice work VC, do you think the bald asshole could be Wade, iirc Chris has hair.
I was, he’s bald, and I can’t remember exactly but I thought Chris had hair. TJ says he left back in October, but the company never said he left, they just changed his job title, right around the time he sold most of his shares.
The bald asshole is sounds more like Wade.
Your last paragraph is also speculation, you have zero proof VBF and SIGO are even related and no one considers the word of the company real DD. If someone believes what this company says, then they also believe they sell Pancakes, prerolls, clones, and CBD’s.
SIGO’s problems are no one’s fault but their own. There is no excuse, none, that can explain why they never filed a 10K and subsequent 10Q’s.
Hundreds of millions, maybe even billions of dollars, have been invested in California cannabis over the last 20 years, the feds have done very little to interfere with that.
What are pounds going for up North? So Cal top shelf is $1800-$2000 at the most. By October I expect the flood of outdoor weed to put downward pressure on prices too.
Sadly no, just as buying two lottery tickets won’t make you twice as likely to win the jackpot; or we have the same psychic.
Well it depends on the poster and the person reading it. A poster with a good reputation and larger audience will have more of an effect than an unknown. Alex Jones may be a good example of the effects of opinion presented as facs, or even lies, because to his audience, he has a good reputation and they won’t even check his claims. In that case it obviously doesn’t curtail the effect, but some blame should go to the people who are so gullible, they will believe anything no matter how ridiculous. At the same time, the otc wouldn’t even exist if it weren’t for those people, and the people who like taking their money. Jones advertises overpriced vitamins and supplements, SIGO advertises 8k’s and Instagram pics of VBF’s grow. It’s clear to me that the market doesn’t believe SIGO, no matter what anyone posts, otherwise the price wouldn’t be so low, but some people will continue to buy their vitamins and shares of SIGO so they can be ripped like Jones :)
Someday though (according to my psychic) and based on past performance, this stock will be pumped, so Fife can dump.
Most people seem to overestimate the impact a post has, one person posting a lie has little impact, that lie repeated 1000 times can be a problem. Musk’s “funding secured” is a perfect example and from a reputable source. His tweet was retweeted thousands of times, the stock shot up, but the market had its doubts, and the stock was hammered.
This stock has so little volume, one buyer or seller can easily move it. The greater impact comes from coordinated social media campaigns, emails, and several posters received boiler room phone calls in the spring of 2017.
“However, if I say "SIGO has not filed …. And therefore, SIGO share price is going to crash soon.", that would be manipulative imo.
I’m not sure I’d completely agree, I feel like we all should know the difference between opinion and fact. The first statement is clearly a fact and is easily verified, the second part refers to the future, and is a reasonable inference. None of us know the future, but we all buy or short stocks hoping they’ll go up or down in the future. That statement could be changed to a more positive tone also, “when SIGO files, the price will go up.” If that statement came from Valerie, then it would be manupulation, but she’s a reputable source (supposedly) and more importantly an insider. In the fall of 2017 those near daily 8k’s brought in new buyers, but it didn’t take long for the market to ignore them, and the prices slipped from over $3 in January, to where we are now.
Everyone knows the market’s closed for Labor Day right? I predict SIGO will close up 15.56% today.
Reread my post, it doesn’t say anything of the sort. And who cares if the weigh master has to weigh it? My point was they said they would release yield numbers more than once, and they didn’t. There’s no excuse because by law they have to weigh it multiple times anyway, so the excuse that “my timeline” is too quick is nonsense.
Lol what? No they’re not, I read the posts from shareholders complaining about their emails being ignored, and then they delete everyone’s Instagram comments, including yours.
Actually the 2 year anniversary for the SIGO and Battle Mountain merger is coming up soon, and the one year anniversary of no filings is right around the corner.
I read your edit, and I’ve course I will, I would love to be proven wrong here, but the lack of a 10k and 10q is too much to ignore.
They said they would update yields several months ago, and never released the numbers, am I not waiting long enough? Here’s an 8k from 2 months ago, saying the same thing: https://www.sec.gov/Archives/edgar/data/1689066/000147793218003235/sigo_8k.htm
And of course you’re ignoring the state laws, which say that cannabis is to be weighed at harvest, trimming and drying, and the trim is also weighed. So it’s not really my timeline, it’s the law.
I notice you ignore their other lies too, but that’s typical when logic doesn’t “prevail over speculation and emotion.” How many months is appropriate to wait for yield numbers, last update was March and they didn’t even release the whole amount? Why would they not be transparent and give total yield?
I doubt anyone’s posts have much effect, the lack of filings, the chart and the stop sign is more detrimental. When Fife starts selling he’ll control the price.