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Nope not letting go I added 50k shares today
Lol, that's exactly what I said lets go back through it ...,
Bountiful_Harvest Member Level Wednesday, 01/16/19 10:30:35 AM
Re: None 0
Post #
6559
of 6643
I also reached out to FINRA this morning via phone call. FINRA knew what I was referring to, but could not comment on merger. No surprise there but figured I would try them anyways.
FINRA advised me to contact officials with BG for information on merger approval status, and that its up to BGG whether they want to comment on the status.
He said other than that just keep an eye on the FINRA Daily List
Bountiful_Harvest Member Level Wednesday, 01/16/19 11:37:02 AM
Re: Aquahoya post# 6560 0
Post #
6562
of 6643
Well it sounded like he was looking at it while I was talking to him on phone. I mentioned the symbol, and he verified the GNCC symbol as GENCO merger. He did not give me any details, but I was under the impression it was still in process. Basically said to keep an eye on the daily list, as that will be the first place it's officially made public, if/when merger approval is completed.
Let's keep it real, finra never mentioned a merger nor that they knew of one, as all agree they can't mention anything untill its on the book.
My post ...,
Vintage1776 Wednesday, 01/23/19 02:24:23 PM
Re: None 0
Post #
6635
of 6643
Called finra twice today both guys said no merger on the books ....,folks telling tales again FINRA 866-776-0800 PRESS OPTION 1,THEN OPTION 2
Spinn it all up,but I'm sticking to what I clearly posted,notice I never said 1 thing about cancellation .
Untill the company puts out an official P.R. Nothing that is claimed here holds any water. With out that there's no reason to believe in a 2 billion dollar evaluation or that the famous 100 MILLION in EB-5 funding has been diverted to other interests .
Post 6468;
EB5 is another federal program that takes years for approvals. We have put those efforts into another opportunity altogether, and are concentrating on the public markets and private placement funding going forward. With the right timing its believed BGG can raise the needed capital soon and Dalsem can complete the Acoma project in 7 months. Who is involved with this: Investment banks? Institutional funding? Corporate partners
I went through the EB-5 process months ago and warned all of the unlikely approval,1 100+ Chinese investors, 2 cannabis related, 3 on a Rez with no license.
Farm bill has since passed and still no EB-5 funding, infact we have gone from being told it was being fast tracked, to it now taking years to process and those efforts are being put into other opportunities....,per post 6468 .
Which OBVIOUSLY isn't an official P.R. so take that with a bag of salt..
One does NOT redirect efforts in obtaining 100 million in funding and announce concentrating those efforts on other means of getting said funding....,
If there's a rats ass chance in hell of getting that EB-5 MONEY.....,
again we have NO OFFICIAL P.R. from the company to substantiate any claims being made regarding valuations nor the state of funding.
A slip that would get them fired on the spot, I highly doubt that happened, the folks over at Finra are trained and have all conversations recorded to prevent any such "Significant Slips" from taking place.
Hello all if anyone has a chance to look into Gncc id appreciate it. I just can't believe a ceo would chose to communicate through ihub users versus releasing PR's , is that even legal....,
Bountiful_Harvest Member Level Friday, 01/04/19 12:49:55 PM
Re: None 0
Post #
6468
of 6640
I'll share some notes based on recent communications with BG from last month:
- The Grants facility is expected to be operational by mid February 2019.
- BG decided to take a certain legal path with an unknown outcome. Now, with the Farm Bill being passed, it appears that BG "chose the right legal path" and will be rewarded accordingly.
- The Acoma project has been in the process of obtaining federal authorization for almost two years and now finally has this step completed and await the BIA endorsement. Should be consummated very soon and construction can begin on Acoma project.
- Moving ahead in rapid speed, building a remarkable team to address all of our possibilities for “market domination and the profits that go along with such positions”.
- EB5 is another federal program that takes years for approvals. We have put those efforts into another opportunity altogether, and are concentrating on the public markets and private placement funding going forward. With the right timing its believed BGG can raise the needed capital soon and Dalsem can complete the Acoma project in 7 months. Who is involved with this: Investment banks? Institutional funding? Corporate partners?
- Today with the appetite for cannabis related stocks in companies that have potential to become both national and international for medical oils is unprecedented.
- This is a "one of a kind", and first in the nation accomplishment.
- Farm bill is written for Bright Green and will clear many current hurdles.
- BG does not have an active web site, but “has one ready” that will need adjustments depending on what develops from the feds on schedules.
So I think its easy to conclude BG has been very active during this "season of silence". For obvious reasons they can't discuss any potential deals they may have with large companies that may be on the table. But you can see where this is headed. Look at whom they've already teamed up with. Look at the cultivation space, which will be more than anyone else in the world! It sure don't look like it will take years for this to all come together, more like months. That Grant's project is almost done.
......THIS AS WELL Finra has never given me any abstract info...,
Bountiful_Harvest Member Level Wednesday, 01/16/19 10:30:35 AM
Re: None 0
Post #
6559
of 6640
I also reached out to FINRA this morning via phone call. FINRA knew what I was referring to, but could not comment on merger. No surprise there but figured I would try them anyways.
FINRA advised me to contact officials with BG for information on merger approval status, and that its up to BGG whether they want to comment on the status.
He said other than that just keep an eye on the FINRA Daily List
AND THIS.....,Really 2 billion evaluation and no PR except through an ihub poster ?
Bountiful_Harvest Member Level Thursday, 01/10/19 12:36:06 PM
Re: None 0
Post #
6531
of 6640
I communicated with Mr. Stockwell last week:
He had a conference scheduled with SEC lawyers on Friday and said he would report back to me afterwards with greater clarification on things. The fact he was meeting with SEC tells me things are progressing. I've not heard back on this yet. I don't want to bug him too much as I know he is very busy. He is not able to disclose any behind the scenes deals/contracts that may be in progress. I think most understand why he can't discuss those kinds of details.
Here is something CEO shared I didn't know about: BG has a present valuation of more than $2 billion.
Also, as confirmed by another post (6410), said "current" GNCC shareholders will have ownership in the new Public BG entity.
In past communications CEO stated they were merging multiple BG companies into this shell. I don't know if it will be the whole $2 billion valuation being dropped into this(that would be a nice surprise), but it sounds like it will be more than just the Acoma/Grants operations.
Another poster talked to lawyer with Howard & Howard on Friday. Justin assured him that merger is definitely happening(which I've heard before). Also said the current state of shell/CE is irrelevant to merger completion.
https://howardandhoward.com/en/attorneys/Justin-D-Gingerich.aspx
I believe(not know) once merger is completed, along with S-1 filing, we may see PRs at that point, along with release of new website.
Another poster, might be the same one ?
ITSMEJC Member Level Monday, 12/31/18 01:51:11 PM
Re: None 0
Post #
6410
of 6640
I was able to connect Mr. John Stockwell, and I took notes!
He spoke candidly in regards to the activities ongoing in respect of all involved so as to not put out information that may get misconstrued.
He was able to disclose to me several important pieces of information that are key components to move toward the Destination and Major Goals of BGG
He believes that the FINRA delay will be resolved early January now that the Farm Bill is in effect on January 1st.
He believes the only issue of concern by FINRA was the understanding of how the Custodian of GNCC handled the affairs of the company.
Although the procedure may have been within the Laws of Nevada, FINRA was not comfortable with the handling of the overall plan.
The Bright Green Group attorney’s Howard and Howard are currently completing the S1 filings that in any event Bright Green will list on the NASDAQ
Mr. Stockwell also confirms that in any event, GNCC shareholders will join the Bright Green shareholders in the new Public entity.
The existing 1,000,000 sq. ft. high tech facility in Grants NM, built by Dutch GH Manufacturer Dalsem, is currently undergoing transformation and is expected to be operational for growing Medicinal plants by the end of the first quarter of 2019.
BGG continues on its stated long term plan working with State and Federal Governments as well as BGG’s partnership with the federally recognized Tribal Nations for authorizations and permitting.
Mr. Stockwell also told me that he will not be putting out press releases, or any kind of propaganda just to sell comfort to nervous or anxious participants.
He told me that Press releases will be part of a routine updating once the major hurdles have been overcome and management is satisfied that we are operating within the confines of the Laws.
I'd really like to see this one looked into as if it isn't BS it maybe a great investment....but I can't help but be skeptical reading through the board over there and the company being dark for years now .....thank you for any and all responses
I bet we have a lot of traders that are glad they didn't listen to Ape0asshole
Barchart has shmp at 100% buy ??
My confidence just continues to grow with this one. Those who are flipping will be rebuying any dip and those who aren't flipping will be adding on any dips.I was at 90% and held off and I know there's folks 150% and better who held off as well.I'll be happy to be adding on this one and damn it I rarely get to say that....good fortune to all
I spoke with finra earlier today , and was told they got nothing for the fs , while it was posted it was a mistake and was removed,ofcoure that doesn't mean it cant be reposted . Hopefully the company will address this ASAP.
Called finra twice today both guys said no merger on the books ....,folks telling tales again FINRA 866-776-0800 PRESS OPTION 1,THEN OPTION 2
For all the posting that gets done here if everybody would just buy 50$ a day we'd be over .10, tons of hyped up posts with no follow through..,why is that ? All pump & no buying makes for teeny tiny gains....welcome to the hotel California.
Buying more are ya ,atta girl
I'm upside down but holding for the fs , so far as it crumbling well...kind of has in the short term
Don't let her thiev your shares , keep your hands in your pockets and your money in your shoes
Well itsmejc its safe to say we are well past early January so what's the good word since your in touch with the ceo
Thank you
What's going on , are we really at 5
Reality is this thing has gone up huge congrats to all, likely we get a pull back, if it has real strength it will consolidate then continue if not and it peters out expect a drop from profit takers
Great d&d thank you
I just saw that , searching on info for another ticker
I'm buying the dip as well
What bounce that was a hickup lol, apparently there's a never ending amount of shares
Just look at the chart this thing is in a serious down trend ....sucks I lost money here
When might we expect the fs to come through?
ARRRRRE YOU REEEADYYYY TO TUMMMMMBLLLLLLE
That's just it a rs wouldn't give a favorable share structure for uplisting so one would likely have to have an offering in the neighborhood of x5 the amount of shares to get to the minimum threshold for uplisting , which correct me if I'm wrong would then place the dollar value below the threshold for an uplist to nasdaq . I'm all for risky plays,and with the seemingly impossible road map to uplisting all things considered, the rs announcement,the possibility of no rs which would destroy credibility, the twitter tirade, the blackhawk tirade, this is about as risky as one could imagine. for those who stick with it who ARE NOT ridding on free shares and if it all somehow works out congrats for having the fortitude, for those who ARE ridding on free shares
Well nothing really to lose as your gambling having already made a profit and pulled out your initial investment which is what the ceo meant by if you know how to play the game.
Who knows I suppose it's in the realm of possibility that one could do an rs and then an offering to get to the minimum threshold for uplisting and then release actual filings reflecting acquisitions to then stop the inevitable bleeding, of course I'm no expert and could be completely wrong across the board, one thing I know is that the markets can legally screw the non accredited retail investor 17 ways to Sunday
Here's a blast from the past ....,lol
The Apostle Member Level Tuesday, 01/01/19 02:55:29 PM
Re: SilverBack post# 36779 0
Post #
36782
of 45528
This is the only thing Michael and Ziad's attorneys are well versed in at the present time:
1. Liability for fraudulent misrepresentations under § 10(b) and Rule 10b-5.
Securities-fraud claims are most often brought under § 10(b)
of the Exchange Act, which bars the use of "any manipulative or
deceptive device" in contravention of any rules or regulations involving the national securities exchanges. Section 10(b) has been referred to as a "catchall provision," as it "lumps together
into a brief, all-encompassing rule the prohibitions on market manipulation and on material misrepresentations or omissions, categorizing them all as species of 'fraud' or 'deceit."' After the
passage of the Exchange Act, the Securities and Exchange Commission(SEC) promulgated Rule 10b-5, which prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. While neither § 10(b) nor
Rule 10b-5 expressly provides for a private right of action, courts have recognized such actions as implied by both the statute and
the regulation. Civil actions and SEC enforcement actions brought under a Rule 10b-5 theory of liability typically allege material misrepresentations or omissions, often made in quarterly phone calls reporting earnings to investors or in other public pronouncements by issuers and their executives once a security is trading in the secondary markets. The Rule was enacted in part to combat such dishonest practices. To prevail in a Rule
10b-5 action, a private plaintiff must prove six elements:
"(1) a material misrepresentation or omission by the defendant;
(2) scienter; (3) a connection between the misrepresentation or
omission and the purchase or sale of a security; (4) reliance upon
the misrepresentation or omission; (5) economic loss; and (6) loss
causation."
Summary Judgment is granted in favor of the Plaintiffs.
Thank you, Your Honor. Request for Findings of Fact and Conclusions of Law in case the Defendant(s) desire to appeal.
Granted, Counsel.
God Bless Blackhawk Partners.
$WDBG
Dude that would be illegal
Many say this company is worth a lot of money but does any one have any documentation that proves any finns at all ?
BY MARY HALL Updated May 23, 2018
Major stock exchanges, like the Nasdaq, are exclusive clubs—their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
SPONSORED BY QUICKBOOKS
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Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization with Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization with Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets with Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
Welcome to the Hotel California
BY MARY HALL Updated May 23, 2018
Major stock exchanges, like the Nasdaq, are exclusive clubs—their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
SPONSORED BY QUICKBOOKS
Streaming Tax Prep
Find out how small business owner Kristen Howard uses Quickbooks to streamline her tax prep and make sure she doesn’t miss out on potential deductions.
LEARN MORE
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization with Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization with Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets with Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
Unless finra lists the rs on their site today or tomorrow there will be no rs on Monday. Once finra reviews all the docs necessary to approve an rs they then send it back to the issuer for finnal approval at which point the issuer has an opportunity to go forward with the rs or cancel it. Keep checking finra site for the rs listing nothing happens untill they list it m finra will tell anyone as they told me that companies can pr anything they want but untill we/ finra approves, its not scheduled for an rs .
Lord I wish the ceo would pr something , these drops are killing me ,at least respond to what's going on with the sp
Now that's smart
Down to .016 the news must be extraordinary
Land of suckers for sure, i long for days when we were a nation of countrymen not a swap meet con artists trying rip eachother off
To those who made a little money today congrats, to those who didn't get out in time , maybe we should all start asking ourselves if this is what we want our country to be ..., a giant swap meet where we are all trying sucker one another
This idea that the ceo did all this to buy back shares is nonsense not to mention it would be illegal....could you imagine if it weren't, a company would never have to announce a share buy back again , just initiate a panic sell and buy buy buy.....we don't live in that world YET
How can an rs be activated if finra hasn't posted it ....,more B.S. from the CEO
A lot of pumping for a ticker thats declining today on good news