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I could never figure out who was on the hook for that recall a few weeks ago in Oregon. The grower, lab, or seller?
"Kaya only raised concern after its shares increased in value. When considering Kaya's objections, the timing cannot be overlooked. In the Florida Motion, Kays alleged that Goldin disclosed his criminal conviction "[a]fter the investment by W. Goldin." That investment occurred in January 2016, over a month before Kaya issued the Goldins their stock certificates. Interestingly, that allegation has now mysteriously disappeared and has been replaced with Defendants' new allegation that they became "suspicious" and did a background check in February 2016.
Defendants go on to claim that they would never have allowed the Goldins to invest if they knew that earlier. However, Defendants ignored and rejected Goldin's requests for rescission when its stock was trading for less than ten cents per share. Kaya continued to ignore the Goldins, despite the pending litigation, which sought to unwind the transaction. Then, in December 2013 [error?] Kaya's stock rocketed from 10 cents to 58 cents per share. At that point- over a year after Goldin's investment and six months after the lawsuit was filed- Kaya protested the removal of the sales restrictions. Even then, Kaya refused to elaborate on the basis for Kaya's protest. Further, there is not even a mention of defendants doing anything regarding this allegedly "newly discovered" conviction for a year. Rather,they made sure that Daniel Goldin and Wally Goldin had their certificates after their alleged "discovery."
Kaya accepted the benefit of the Goldins' investment for over a year before demanding the Goldins give up their shares. If anything, Kays's Florida lawsuit, its unsuccessful Motion and this Motion make Defendants' ulterior motives even more readily apparent."
-Attorney for Daniel and Wally Goldin, in a court filing
I appreciate your experience. I would think that April would be a good month for pot stocks because of the hype more so than revenues. I look forward to finding out.
Thanks as always for your contributions here.
Why pump the stock when you don't have to? State-released numbers are promising.
You act like you've never smoked or has known anyone who smoked:
"Common sense time : This April 20th will be a special day for Californians and Oregonians........
Isn't it logical that everyone in the sector is working hard to have as much product on the shelves for April 20th !!!!!! " -Magnum
No, this isn't common sense at all.
Do people go out pumping beer stocks for the Superbowl?
TV stocks before the presidential debates?
The court hearing Goldin vs. Kaya set for April 12 has been cancelled. The new court date and time for the trial readiness conference is April 18 at 3:50.
Also, KAYS for some reason had its ties cut with its trial attorney on March 24, and hired a new law firm.
"Kaya accepted the benefit of the Goldins' investment for over a year before demanding the Goldins give up their shares. If anything, Kays's Florida lawsuit, its unsuccessful Motion and this Motion make Defendants' ulterior motives even more readily apparent."
-Attorney for Plaintiffs Daniel and Wally Goldin, (Plaintiffs' response in opposition to defendants' motion for temporary restraining order and order to show cause; March 10, 2017)
If you want to see Oregon court documents: https://publicaccess.courts.oregon.gov/PublicAccessLogin/Login.aspx?ReturnUrl=%2fPublicAccessLogin%2fdefault.aspx
I don't think it's really the dispensary choosing the lab. Green Leaf is probably #1 in the Oregon market for revenue.
Find out if the company has responded to the Plaintiff's request for admission, dated March 14, in which they are trying to find out if "420 friendly" on this website is the Kaya CEO or W.D. Jones. That user was on here saying:
"Buying more in the morning! Third store approved for recreational and lawsuits over!!! This is huge! Go KAYS Long and strong "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129307623"
Lawsuit is over? Well, not all of them. Someone can play detective.
This would take work on my part, and there are costs incurred. $100.
Call the Multnomah County court and verify if there what I'm saying is true. Or, make me an offer and I'll get you documents.
The parties also had court in Florida in February 2017 before U.S. District Judge Darrin P. Gayles. Part of the agreement designates Florida as proper venue for some of the stock litigation. However, that case is stayed pending the outcome of the Oregon action. Plaintiff failed to provide a compelling reason why Oregon state court should not resolve the claims first, because the Florida case involves parallel issues, and the Oregon case was filed first.
Judge Gayles said in denying a motion for a Temporary Restraining Order: "You can determine the loss in the stock value if, in fact, the defendant is liable. I think that provides an adequate remedy, and I do note that for such an important issue being whether or not the defendant had been -- Im sorry, whether or not Mr. Goldin had been previously convicted of a felony drug offense, the fact that plaintiff never asked and it's a publicly traded company I think is instructive."
Federal court has links: https://www.pacermonitor.com/public/case/20390990/Kaya_Holdings,_Inc_v_Goldin_et_al
Maybe I should just upload what I have to one of those pay-per-dowload websites so I can make an honest dollar from giving you information so you can try to make an honest dollar.
This lawsuit is very much alive. There is a trial readiness conference on 4/12/17 at 2:30pm in Multnomah County in Courtroom 208 with Judge Waller.
The CEO of Kaya thinks it's important. Craig Frank wrote in a sworn statement, "If Daniel Goldin is awarded these shares, which he obtained under false pretenses, he will profit from his deception. As the 3rd largest shareholder, Daniel Goldin will have in his possession enough shares of Kaya Holdings, Inc. stock that he will be able to manipulate the stock price, which will cause real harm to both Kaya Holdings, Inc. and its shareholders and employees."
Lawsuit plaintiffs, the Goldins, suspect that "420 friendly" on this message board is either Craig Frank or William David Jones, according to a Request for Admissions filed in Multnomah County Court on March 14.
The user last posted on March 13, and has been very bullish.
That's why I'm here, the government-induced demand for the company's services.
And they're going to try to do the same thing in California. My take on marijuana investing is that grows and stores are riskier investments than labs.
Yes, this is a support company since they don't grow, process, or sell. Yes, they actually test cannabis, as required by state law.
The stock market is valuing an Oregon retail marijuana store higher than an Oregon marijuana lab. I bet this anomaly lasts only a few more days.
There currently are literally hundreds of people applying to grow pot commercially in Oregon.
Current active grower licences in Oregon: 466
Number of grower applications that are awaiting investigation: 470
Number of grower applications awaiting assignment for investigation: 197
And 101 more are awaiting local government action.
Source, page 2: http://www.oregon.gov/olcc/marijuana/Documents/mj_app_stats_by_county.pdf
A year from now, there should be over 1000 growers in Oregon, compared to 466 now. SGBY is positioned to capture a large share of the inevitable testing revenue.
More revenue? How about a law that says Oregon marijuana has to be tested for heavy metals, which isn't currently being done now?
"propose to permit OHA or OLCC to request
that marijuana items be tested for heavy metals"
https://public.health.oregon.gov/DiseasesConditions/ChronicDisease/MedicalMarijuanaProgram/Documents/333-007%2C%20008%2C%20064%20Notice%20of%20Hearing.pdf
They recently hired someone to make sure their future filings are on time. This complaint is legitimate but will be moot in the future.
I keep my eye on the number of applications OLCC receives, and it just keeps growing and growing. New shops keep sprouting up all around Oregon, which can only be good news for EVIO. Lawmakers are ready to defend Oregon's marijuana industry, and testing is accepted as a mandatory part of the marijconomy. Oregon is trying to develop a reputation for clean cannabis, and when the time is right and the feds have changed, Oregon will be a major exporter.
Someone is a persistent and goal-achieving artist.
I have bought based on your opinions, and I'm sure I'm not the only one.
It involves two shareholders and 2,222,222 + 2,222,222 shares, so how is it not a shareholder lawsuit? Nevermind, I'm going to stop debating people on the internet and get on with my DD and the rest of my day.
http://seekingalpha.com/filing/3200597
"Item 1. Legal Proceedings
On June 22, 2016, Daniel A. Goldin and Wally Goldin commenced an action in Oregon Circuit Court, Multnomah County, against the Company, MJAI, its direct majority-owned subsidiary, Craig Frank, our Chairman, President and Chief Executive Officer, William David Jones, a consultant to our Company and BMN Capital Group, LLC (the “ Action ”). The plaintiffs allege breach of contract, state securities fraud and state racketeering claims against the defendants arising from alleged misrepresentations made in subscription agreements with the Company entered into in October 2015 and January 2016 by Daniel A. Goldin and Wally Goldin, respectively, pursuant to which they each purchased 2,222,222 “ restricted ” shares of our common stock for $100,000 in a private transaction. In addition, Daniel A. Goldin alleges that the Company breached a purported employment agreement with him pursuant to which he was purportedly to be compensated for working in our Oregon operations through a combination of cash and stock. The Plaintiffs are seeking damages in excess of $1.7 million.
The Company believes that the claims and allegations set forth in the complaint filed in the Action are without merit and contain factual misstatements, and that the Company possesses documentation to establish that the plaintiffs’ investments were not solicited by the Company but that plaintiff Daniel A. Goldin unilaterally contacted the Company and represented himself as an “ accredited investor ” with expertise in the marijuana industry and proposed an investment in the Company.
Accordingly, the Company is in the process of preparing motions to dismiss all claims alleged in the Action based on multiple grounds including but not limited to failure to state valid claims under Oregon securities and racketeering laws, failure to state valid contract claims, and lack of jurisdiction over the defendants.
In the event that the Action is not dismissed the Company intends to vigorously defend against the claims and is evaluating possible counter-claims against the plaintiffs."
I got out of KAYS. I have trouble understanding how this is fairly valued right now at $8M per store and with a shareholder lawsuit going on.
Thanks internet stranger. I bought 500,000 of KGET @ 0.0002 because.... actually I had no good reason to do that.
I can't find the link. Can you post it?
Yeah, owning part of a farm seems less appealing than owning part of a lab.
I sold 15k @ 0.0229
You guys are geniuses. I bet we get an afternoon 'bump' based on your investigation. Making my move...
Does the delay in between testing and sale affect your analysis?
I bought some product five days ago and it was tested on January 7, 2017 (By Green Leaf labs). High testing revenues would seem to precede high state sales figures.
Another Oregon MJ company, KAYS, saw its pps nearly double in the last few days. SGBY seems to trade with less volatility, and I wonder why that is. I bought 15k SGBY today at 0.0167.
Also, with their Facebook page rarely discussing things that actually relate to their business, it's not very useful.
I bought in today at .14
I'm not sure why the stock tanked so hard today, but I'm looking forward to seeing how this plays out.
Update: I was concerned when I couldn't find the product in my area. Now I can.
Because the CEO said that something would come out this week, and because such news was unlikely to come out on a Saturday, I respectfully disagree with the assertion that there was a relationship between Spicer's statement yesterday and the timing of the 10K.
That's a nice label. Blessings.
These are just two stores. You can see what brands they have.
https://weedmaps.com/dispensaries/herbal-choices
https://weedmaps.com/dispensaries/flowr-of-lyfe
What's the source for saying they're number 1? My perception going into stores and looking at Weedmaps is that Hush is #1, followed by Select. I posted just two examples. Feel free to tell me how my gut is wrong.
Exclusive "control" of Southern Oregon is an incorrect statement. http://oganalytical.com/services/courier-service
Isn't also incorrect to say that each 10 pound batch has to be tested at this point in time? I thought we were in a period of temporary OLCC rules, where this requirement has been suspended?