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That's exactly what I believe is going on especially when the Company knows that in order to uplist to the OTCQB the annual report must be audited. Go GCGX
Well that is good. My advice would be to continue being a shareholder. The middle of August is right around the corner and if the CO is issued then Indulge Oils can begin operations. That will be the Company's major money maker.
Yes I see it. Uplisting to the OTCQB will occur soon and then eventually to the NASDAQ imo. It may seem ridiculous for now but not for long. A positive attitude or mindset will never rescue anyone's investment if the Company isn't worth anything. But DD, patience and common sense are key. So my investment is secure because I haven't sold anything. Did you sell all of your shares and decide to take it as a loss? For anyone to have sold their shares before Indulge Oils has even become operational(because they are waiting for the CO)would be the equivalent of someone purchasing their dream home with a pool in the backyard then for whatever reason decides to sell the house before even having had the opportunity to fill the pool with water to enjoy a swim. As for me, I know I'm going to stick around to enjoy the swim.
I agree. Now is a good time to average down.
Yes. This is straight from the Q1report.
The purchase price for Indulge Oils was $2,000,000 in stock and $2,000,000 in cash. The reports placed a value of $26,972,000 giving the Company a gain of $22,972,000 on the purchase.
Indulge Oils is waiting for the manufacturing suite to get its Certificate of Occupancy. Once the CO has been issued,the Company will be able to release revised revenue guidance for 2019 and 2020.
So basically all of the revenue on the Q1report came from Infused Edibles. BUT what many do not realize is the BIG money maker will be Indulge Oils. Right now the Company has a backlog of orders worth millions. They are just waiting for the CO to be issued then it's off to the races. Unfortunately it looks like most people have fallen off their horses right out of the gate.
Yep, and all of those flippers playing musical chairs will eventually find themselves without a chair to sit in. Or at least if they want to it's going to cost them a lot more per chair/share. LMAO
Of course there's low volume. Who in their right mind would want to sell their shares with all of the good things that are and will take place shortly.
Your right because as I have stated before the company will have to post audited financials in order to uplist to the OTCQB but we all know that is in the works.
This just happened. And besides that it is more about the little things that people say would never happen that are happening.
And I'm sure the market will take notice of those little things because little by little they all add up. LMAO
But, but, but what happened to the stop sign and dark/defunct symbols? Proof. LMFAO
Well, so much for the car wreck. More like a slight fender bender. LMAO.
Yep, not long now for the uplisting to the OTCQB first. How do I know? Because the STOP SIGN and DARK/DEFUNCT symbols are gone. ROFLMFAO.
Yep, and the only ones that will be even more envious than Jeb are the ones that decided to sell their shares because of impatience and fear.
I totally agree and what really screams confidence to me is the simple fact that there seems to be fewer people actually willing to sell their shares. People cannot buy what people aren't willing to sell. Lol
It only takes not having one type of license to make any other license you may have irrelevant. A manufacturing license without the CO is dead on arrival or vice versa.
Thanks for the info.
Perhaps but there is always one in every crowd and I truly believe this is one of them.
I guess we'll know for sure when the CO is issued in August.
Yep, I think I'm going to start averaging down myself.
Let's see now. If the company expects to get uplisted to the OTCQB then it certainly looks like they are going to have to get the annual report audited eventually because that is one of the eligibility requirements to uplist to the OTCQB. So yes, it's going to happen sooner rather than later.
OTCQB
BACK
OTCQX InternationalOTCQX U.S.OTCQX U.S. BanksOTCQB
QUALIFICATIONS
Eligibility Requirements
U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
Meet minimum bid price test of $0.01
Not be in bankruptcy
Have at least 50 Beneficial Shareholders, each owning at least 100 shares
Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.
Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)
Have a transfer agent that participates in the Transfer Agent Verified Share Program
(US Companies only)
International companies must be listed on a Qualified Foreign Exchange (or SEC Reporting) and submit a Letter of Introduction from an approved OTCQB Sponsor
Oh, ok. So what your saying is that when the company receives the CO then they are not going to run the extraction machines. Why in the world would any company go through such a tedious process to get these licenses and then to get them and not put them to use? Oh wait, maybe all of those videos on their website showing the extraction machines are fake. LMFAO
Oh yeah, they were never planted but we both know that's a bunch of b.s. The company explained exactly what happened with the hemp that was planted and where it's at right now. It's all still hanging there in that storage facility according to the company. I'm not saying it's doing the company any good but the fact is they were planted.
Put off till next year? LMFAO. There is a huge difference between dealing with crops and some shady characters along the way and dealing with extraction machines GCGX already owns.
And I can't wait until phase 2 when GCGX obtains more of the machines that will be able to extract even more oil than the ones they have right now. And as far as the CO goes, we will all know when they obtain it because they will post a pic of it for all to see.
I totally agree. Nice post.
Agreed, and I can now say confidently(as I almost always have from the very beginning)that there is absolutely no need to believe that all of the things you just mentioned will not come to fruition. So long trips. LMFAO
I agree. Looks like a good time to average down some more. Go GCGX
By law, annuals are not required to be audited anyway but, but, but etc. LMFAO
Yep, it sure is. Good thing he didn't give a specific date. But we are still in the month of July just in case anyone is wondering.
Exactly. No amount of negativity will be able to stop the inevitable. Go GCGX
I would certainly hope that no one would ever invest in a company based on the simple fact that the company is changing their name or ticker symbol for that matter. If anyone bases their decision to invest in a company based on that then all I can say is WOW. That individual should NOT be investing in the stock market. They
would probably do better at a Black Jack table in Las Vegas or Atlantic City.
You got that right. Most complaining about this company ARE the ones looking for instant gratification and are just upset because things aren't going the way they hoped it would. That is, in their time frame.
Exactly, that was another individual with the same last name. And isn't it interesting how that other Dwyer was so easily caught in whatever in the hell he was doing but Matthew Dwyer supposedly has over 10 years of scamming people and he just seems to be invincible. He just seems to fly right under the radar and he just never gets caught. Not the SEC, FINRA, ETC. LMFAO. That's because he has done nothing wrong.
Wait, I found it. Oh, never mind it was just some link about crickets. In other words, don't hold your breath waiting for the links because there are none.
A very good question deserves a very good response. It's because it is not a scam. Marc Adesso, their Attorney would not go for such b.s. either. As a matter of fact, it will be his name that will be on the Attorney letter that will accompany or come out after the Q1 report is released.
.
I totally agree.
Yes indeed, over a year and I'm still not convinced. LMAO
A really big window, an out. Hardly. If he intends on filing the Q2 in August as he stated then obviously he will need to have filed the Q1 report this month.
Very nice post.
Yes, you are absolutely correct. Let's just say sometime within this month. Oh, and let's not forget the rest of the good news such as the stop sign being removed.
The domino effect will begin to take place because once the stop sign is removed then the dark/defunct symbols will disappear also. And the party is just getting started because then the PPS will begin to rise and we will also be uplisting shortly to the OTCQB. There is so much good news forthcoming I can hardly wait. Thanks for the reminder.
Yep, I agree. The next thing that is going to be exposed is the audited Q1 report. LMAO